Abazias Covered by Harbinger Research; Leading Online Diamond Purveyor Analyzed Favorably by Chartered Financial Analyst.

GAINESVILLE, Fla. -- Quality-leading independent research company Harbinger Research has published a Bird's Eye Report on Abazias, Inc. (OTCBB:ABZS) just released for dissemination November 7, 2005. The report favorably reviews the company's business model and investment opportunities, and highlights the undervalued nature of the stock.

Written by Senior Research and Charted Financial Analyst Stephanie Loiacono the report goes on to detail Abazias' strengths including its highly scalable business model; large market potential with online buying gaining momentum; strong management with solid industry relationships and share price performance. Loiacono goes on to remark that the downside risks are limited: "At the current levels, we believe the downside risk for ABZS shares is limited."

Harbinger Research also highlights Abazias' largest availability of diamonds online versus even the its largest competitor Blue Nile (NASDAQ:NILE), positive cash flow, strengthened balance sheet, and minimal burn rate significantly less any every other public competitor. The nine-page research report, which will be made available in PDF format, can be accessed by going to www.harbingerresearch.com . The analyst report will also be made available at www.abazias.com shortly in the investment relations section. Harbinger Research is a quality-leading independent research company that provides in-depth equity research coverage to smaller U.S. traded companies and the individuals and institutions who invest in them.

Abazias has also recently completed the first traunche of an anticipated two-traunche private placement in the amount of $500,000. Proceeds will be used to further implement Abazias' business plan, which includes a larger marketing budget to increase awareness of its current dominant status as the largest online site for loose diamonds. The proceeds will also allow Abazias to expand its online product offerings to include more jewelry and watches.

Abazias.com showcases over 70,000 diamonds, valued at over $350 million, on its site at www.abazias.com. Most of Abazias.com's 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.