Abazias Sales Increase 49% with Preliminary Second Quarter Results.

GAINESVILLE, Fla. -- Abazias (OTCBB:ABZS) is pleased to announce preliminary second quarter sales for 2006 of $1.1 million. In addition, the gross profit margin increased to 21% for a total of $236,000. Net income for the period was $66,726, versus a loss of $25,933 from the same period in 2005. Please note, these are preliminary unaudited figures, subject to revisions based on returns and normal final accounting adjustments by auditors, and do not include any non cash expenses.

Commenting on the expected results, Oscar Rodriguez, CEO of Abazias, had this to say, "While we are obviously pleased with these figures, we know that exponential growth is just around the corner. We are moments away from unveiling new technology on our enhanced website that will take Abazias to another level. The new infrastructure and aesthetics will impact our visibility and credibility in the marketplace, setting a few precedents along the way - all in time to impact holiday sales."

Activities for 2006 include investor relations through professional associations including SmallCapVoice.com, and investor relations with road show luncheons in key markets. Additionally, Abazias continues to promote the company through consumer public relations and strategic marketing alliances with Paris Hilton Limited Edition Watches.

Abazias.com 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.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, 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.