Message #4 From:
Stock News Bot Date: November 16, 2006 03:00:00 AM
ABZA News Abazias.com Increases Sales 106%
GAINESVILLE, Fla.--(BUSINESS WIRE)--Abazias.com (OTCBB:ABZA) announces significant sales increase for the
period ending September 30, 2006. Sales for the three months ended
September 30, 2006 vs. three months ended September 30, 2005 increased
106% to $1,070,085 from $520,105 primarily due to an increase in online
marketing campaigns, especially with respect to increasing our
visibility on search engine rankings. This is a result of an extensive
internal search engine optimization campaign put forth by Abazias.
Accordingly, our net loss for the three months ended September 30, 2006
vs. three months ended September 30, 2005 decreased 79% to $71,986 from
$336,806. In addition, Abazias sales for the nine months ended September
30, 2006 vs. nine months ended September 30, 2005 increased 95% to
$3,250,020 from $1,669,376 in 2005. For more information regarding the
results, please review the most recent 10Q filing available online.
“We are certainly encouraged by these figures,”
states Oscar Rodriguez, CEO of Abazias. “The
numbers reconfirm our significant investment in the newly launched
website with enhanced features like the new 3-D ring builder. That said,
we are right on track for a holiday sales surge that is predicted to far
exceed the healthy holiday sales figures from 2005.”
Abazias Diamonds has undergone a recent transformation with a new stock
symbol (ABZA); a higher 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.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 $400 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®"
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.
