Abazias.com Reports a 58% Rise in Sales.

Preliminary Year End Figures Surge Past Previous Years

GAINESVILLE, Fla. -- Preliminary reports conclude Abazias.com has recorded its 4th annual consecutive sales increase in a row. Year-end figures for Abazias (OTCBB:ABZA) reflect $4,837,653 million in 2006 revenue, which is an approximate 58% increase in sales from 2005, and recording a loss for the year of only $139,613 (on a cash basis), beating forecasts. For the fourth quarter, sales were $1,587,412, strongly beating the forecast of $1,000,000 sales for the quarter, with an estimated loss of $5,605 for that period. Please note, these figures are not final and may be subject to adjustment.

"In 2006, Abazias reinvested in the company wisely," states Oscar Rodriguez, CEO of Abazias. "We launched a significantly enhanced website with new, user-friendly and innovative technology like a 3-D ring builder. These changes were instrumental in boosting sales. We made it easier for people to research and ultimately purchase -- as our healthy holiday sales and year-end figures show."

Abazias Diamonds has undergone a recent transformation with a new stock symbol (ABZA); a higher buy in price as a result of recent stock split. The online diamond leader was recently featured in an IDEX (International Diamond Exchange) feature about Online Jewelers Gaining Significant Market Share. This article, which paired Abazias with the likes of larger organizations like Blue Nile and Odimo, says online jewelers are not only putting pricing pressure on store-based retailers, but their online financial model is also causing traditional jewelers to re-think their business model.

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.com showcases over 80,000 diamonds, valued at over $550 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.