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


(CybeRelease, August 3, 2006) - Lake Harmony, PA - Abazias, Inc. (OTC BB: 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 (OTC BB: ABZS) is pleased to announce a well-respectedfirm, 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.

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