SOURCE: IO Circuit

August 03, 2006 07:00 ET

(OTC BB: ABZS) Rated 'Outperform,' Target $0.30 by TRI-State Capital

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- August 3, 2006 -- Abazias, Inc. (OTCBB: ABZS) has been rated "Outperform" with a target price of $0.30 by TRI-State Capital, Analyst, Michael C. Grobler , CFA.

Management Reports Second Quarter Sales Surge 49% to $1.1 Million

Abazias Diamonds (OTCBB: ABZS) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), 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 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:

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Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $995.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

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