Abazias Diamonds Enjoys Another Record Quarter.Abazias.com Continues Upward Streak, Boasting Record Sales and Gross Margins GAINESVILLE, Fla. -- Abazias.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABZA) is thrilled to announce its results for the second quarter 2007. The company has reported a 58% revenue increase for Q2 with sales for the quarter coming in at $1,697,683, and increased gross margins to 21% in line with Blue Nile Blue Nile, Arab. Al Bahr al Azraq, river, c.1,000 mi (1,600 km) long, the chief headstream of the Nile, rising in Lake Tana, NW Ethiopia, at an altitude of c.6,000 ft (1,800 m). (NILE). This gross margin increased almost 62% over the same period in 2006. Additionally, Abazias is expected to report a 97% revenue increase for July 2007 alone, and looking ahead August is projected to be the best month in the company's history in terms of revenue. For further information regarding Abazias' second quarter performance, please refer to our recent filing available on the Securities and Exchange Commission's website. "So far, 2007 has been off the charts with fantastic sales and impressive quarterly reports," comments Oscar Rodriguez, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Abazias. "We attribute such success to our innovative website technology, top-notch customer service, and ever-expanding inventory." Abazias Diamonds has created a strong customer following based on customer service and site innovations that let shoppers design their own engagement ring. In addition to delivering quality diamonds at wholesale prices, Abazias is also a full-service jeweler offering a large selection of settings for stones purchased. Abazias showcases over 100,000 diamonds, valued at over $1 billion on its website. Most of Abazias.com's diamonds are GIA Noun 1. GIA - a terrorist organization of Islamic extremists whose violent activities began in 1992; aims to overthrow the secular Algerian regime and replace it with an Islamic state; "the GIA has embarked on a terrorist campaign of civilian massacres" , AGS AGS American Geriatrics Society. or EGL EGL Enterprise Generation Language (IBM) EGL European Gemological Laboratory EGL Elegant Gothic Lolita (Japanese fashion) EGL Energy Grade Line EGL Eagle Global Logistics, Inc. certified. Abazias offers the "Couples Diamond[R]" which is required to meet even higher standards for cut, clarity and dimensions. Abazias is also a full-service jeweler offering a large selection of settings for stones purchased. For more information about Abazias, visit the company's website at http://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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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