Abazias Announces South Florida Luncheon and Meetings; An Invitation to All Fund Managers, Investment Advisors and Members of the Financial Community; Date Set for August 16, 2005, Boca Raton.

GAINESVILLE, Fla. -- An innovator in the online diamond industry, Abazias (OTCBB:ABZS) and Friedland Investment Events LLC, have set a date to meet with elite members of the South Florida financial community August 16, 2005, at 12 noon, at Maggiano's in Boca Raton. This luncheon will provide investors, analysts, fund managers and investment advisors a qualified look into the thriving online diamond business and how Abazias.com has surpassed larger companies like Blue Nile (NILE) by offering competitive pricing and exceptional customer service.

An innovator, Abazias has been a part of the online diamond industry as a public company since October 2003, setting the pace for larger entities such as Blue Nile. Abazias.com has surpassed its competitors by offering competitive pricing and exceptional customer service to succeed. The company has also navigated their way into the marketplace by creating strategic alliances through promotions with well-known consumer publications, such as Men's Fitness and Lucky Magazine.

In addition to the luncheon, Oscar Rodriguez, CEO, and Jesus Dias, CFO, will be available for private meetings and presentations upon request. Any financial community members interested in attending the luncheon or meeting with the executive management on August 16, 2005 must contact Rebecca Hunt or Jesse Blum at 212-757-9454 or RSVP to [e-mail]

About Abazias

Abazias.com showcases over 60,000 diamonds, valued at over $350 million on its site at www.abazias.com. Most of Abazias.com diamonds are GIA, AGS or EGL certified. Abazias.com offers the "Couples Diamond"(R) which is required to meet even higher standards for cut, clarity and dimensions. Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased. For more information about Abazias.com, visit the Company's website at www.abazias.com.

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.