CybeRelease: (OTC BB: ABZS) Upgraded to Strong Buy
(CybeRelease, August 22, 2006) - Lake Harmony, PA - Abazias, Inc. (OTC BB: 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 (OTC BB: 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 companies 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.
CybeRelease Gainers are Optical Cable Corporation (Nasdaq: OCCF), Euronet Worldwide, Inc. (Nasdaq: EEFT), 1st Independence Financial Group, Inc. (Nasdaq: FIFG), EuroTrust A/S (Nasdaq: EURO), Werner Enterprises, Inc. (Nasdaq: WERN), Tandy Brands Accessories, Inc. (Nasdaq: TBAC), Autobytel Inc. (Nasdaq: ABTL) and SCO Group, Inc. (The) (Nasdaq: SCOX).
CybeRelease Decliners are Candela Corporation (Nasdaq: CLZR), Genitope Corporation (Nasdaq: GTOP), Greenfield Online, Inc. (Nasdaq: SRVY), Firstbank Corporation (Nasdaq: FBMI), TiVo Inc. (Nasdaq: TIVO), Electro Scientific Industries, Inc. (Nasdaq: ESIO), Charles Schwab Corporation (The) (Nasdaq: SCHW) and Foundry Networks, Inc. (Nasdaq: FDRY).
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