Abazias Diamonds Receives Strong Upgrade by Respected Research Firm; Management Reports Second Quarter Sales Surge 49% to $1.1 Million.GAINESVILLE, Fla. -- Abazias Diamonds (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ABZS) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC TSC Thestreet.com (stock symbol) TSC Time Stamp Counter TSC Tuberous Sclerosis Complex TSC Tractor Supply Company TSC Terrorist Screening Center (Department of Homeland Security) ), has upgraded their equity rating on ABZS. This strong upgrade comes at a time when the company reported a surge in second quarter sales of 49% to $1.1 million. Gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. experienced a similar surge of 21% to $236,000. Management is now forecasting continued growth heading into third and fourth quarter of 2006. TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.otclive.com Mr. 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 Diamonds states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Rodriguez further stated, "Our ever expanding database of high-quality diamonds combined with out incredible pricing makes Abazias.com the frontrunner in the marketplace. In fact, the proof is in the numbers. Our first quarter sales were up 165% and our gross profit was also up 167% from the same quarter last year. For the second quarter, sales continued to surge 49% to $1.1 million." For additional information, please visit our web site at: www.abazias.com. About Abazias Diamonds: Abazias.com showcases over 80,000 diamonds, valued at over $350 million on its site at www.abazias.com. 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 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 . Forward-Looking Statements: This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially. |
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