SOURCE: IO Circuit

August 22, 2006 07:00 ET

(OTC BB: ABZS) Gets Upgraded From Outperform to Strong Buy

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

LAKE HARMONY, PA -- (MARKET WIRE) -- August 22, 2006 -- Abazias, Inc. (OTCBB: ABZS) has been rated a "Strong Buy" and its target price raised to $0.40 from $0.30 by TRI-State Capital, Analyst, Michael C. Grobler , CFA.

Abazias Diamonds (OTCBB: ABZS) previously reported on by 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 up 46% to $1.1 million. Management is now forecasting continued growth heading into the remaining of 2006, noting that historically 35-40% of revenues are booked in the 4th quarter alone, on top of the company's current stellar doubling of revenues for YTD. In addition, new web-site innovations unique to the company such as their 3d ring builder which can be viewed at www.abazias.com, as well as the new line of Paris Hilton watches being unveiled.

To view the entire independent research report, please click on the attached URL: http://www.otclive.com/ABZS_Report.pdf

To read the complete release, go to http://www.cyberelease.com/abzs82206.htm

Other active stocks are Blue Nile, Inc. (NASDAQ: NILE), Oralabs Holding Corp. (NASDAQ: OLAB) and Bob Evans Farms, Inc. (NASDAQ: BOBE).

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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