Abazias.com Ends Quarter with 46% Increase in Sales

Abazias today announced that for the second quarter period ending June 30, 2006, sales totaled $1,076,511 from $735,685 from the same period in 2005. In addition the sales for the first six months of 2006 increased 90 percent to $2,179,935 from $1,149,271 from the same period in 2005.

Abazias' General and Administrative expenses for the quarter increased only slightly to $142,133 from $141,633 for the second quarter in 2005. Net loss for the three month period compared to three months ended June 30th, 2005 decreased 94 percent to $1,517 from $25,933, the company said in a release.

"With our recent infrastructure improvements, expanded diamond and jewelry offerings and strategic brand alignments, Abazias has increased sales and market viability," says CEO Oscar Rodriguez. "Abazias has also recently been identified through favorable analyst reports by notable organizations like Harbingers and Tri-State Capital, with price targets well in excess of our current price, confirming that we are an undervalued opportunity in an exciting marketplace."