Abazias Profiled by Harbinger Research; Leading Online Diamond Resource Reviewed by Charted Financial Analyst.

GAINESVILLE, Fla. -- Quality-leading independent research company Harbinger Research has published a Bird's Eye Report on Abazias, Inc. (OTCBB:ABZS) in August 2006. The report favorably reviews the company's business model and investment opportunities. http://harbingerresearch.com/viewCompany.php?company=34 to view.

Written by Senior Research and Charted Financial Analyst Stephanie Loiacono, the report goes on to detail Abazias' strengths, including their surging sales, infrastructure investments and highly scalable business mode. The report goes on to note Abazias' large market potential with online buying gaining momentum, strong management with solid industry relationships and share price performance. Loiacono comments that "Abazias has the right management team, strategy, experience and technology to succeed."

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.

In addition to announcing a profitable second quarter, Abazias has also just launched the beta version of their new website (www.abazias.com). This initial version of the new site features a more refined style and enhanced functionality. Strategically crafted to be more user-friendly, the new site offers a variety of new features, designed with customers in mind. The launch of the beta site introduces a personal shopper, the first in the industry; a comprehensive and easy-to-use ring builder; and an elaborate, enhanced diamond education section.

Abazias has created a strong customer following based on customer service and site innovations that let shoppers create their own jewelry. In addition to delivering quality diamonds at wholesale prices, Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased.

Abazias 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, 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.