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Hello all. Abazias is a company I have been following for about a year. It is like a mini Blue Nile. The company is very solid, has great management, and is growing very strongly. I just noticed they have an investment opionion that was issued this morning giving a price target of $0.30. My personal more conservative price target on the company is around $0.20 when you consider all they have going for them. I think it will continue to grow strongly for many years to come, so more of a keeper stock for several years. Just thought I would share before the bell!
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Just got in at .073. This is a nice safe play with plenty of upward potential. Checkout the chart for the lastb 6 months. Rock solid between .06 and .07. Great volume today so far. L2's look sweet also. Thanks FLGeorge. GLTA
ABAZIAS, INC. 5214 SW 91st Terrace Suite A Gainesville, FL 32608
To the stockholders of Abazias, Inc.
Abazias, Inc., a Delaware corporation (the "Company") has obtained the written consent of the stockholders holding a majority of the issued and outstanding shares of Common Stock of the Company on June 8, 2006 (the "Consent"). The Consent provides that the board of directors is granted the authority to amend our certificate of incorporation to effect a reverse stock split of our common stock at a specific ratio to be determined by our board of directors within a range of one-for-ten to one-for-forty (the "Reverse Split.") Additionally, this proposal has been approved by the Board of Directors as of June 8, 2006.
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ABZS (.075)Receives Strong Upgrade by Respected Research Firm; Management Reports Second Quarter Sales Surge 49% to $1.1 Million Aug 3, 2006 10:13:00 AM Copyright Business Wire 2006
Abazias Diamonds (OTC BB: 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: http://www.otclive.com
Mr. Oscar Rodriguez, CEO of Abazias Diamonds states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Rodriguez further stated, "Our ever expanding database of high-quality diamonds combined with out incredible pricing makes Abazias.com the frontrunner in the marketplace. In fact, the proof is in the numbers. Our first quarter sales were up 165% and our gross profit was also up 167% from the same quarter last year. For the second quarter, sales continued to surge 49% to $1.1 million."
For additional information, please visit our web site at: www.abazias.com.
About Abazias Diamonds:
Abazias.com showcases over 80,000 diamonds, valued at over $350 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(R)," 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 .
Forward-Looking Statements:
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.
Source: Abazias Diamonds
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SmallCapVoice.com Investor Relations Stuart T. Smith 512-267-2430 SSmith*SmallCapVoice.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Not to burst any bubbles but there are several privately owned Internet diamond companies that will eat ABZS' lunch in the diamond arena over the next few years.
It's a highly competitive market with very low margins. Blue Nile got the jump on everyone and is the Wal-Mart of diamonds, but there is a small private company out of Houston, TX called Whiteflash that has the edge on everyone else as far as providing service and value. Their sales average over 1 million per month between 5 sales people.
Whiteflash is actually one of the 1st producers of the Super Ideal Cut 'hearts and arrows' diamonds called "A Cut Above" and the 1st to sell exclusively on the Internet. '8 star' and 'Hearts on Fire' were (for a while)the only competing brands but were only sold in retail stores at nearly twice the price.
Abazias is just a reseller like Blue Nile but unlike Blue Nile they don't stock as many diamonds. They list them on the website, then bring them in off the open market for the buyer. Whiteflash also does this but is very up front with their customers about it and will go the extra mile to insure quality.
When Whiteflash brings a diamond in they will photograph it (40X top view and Idealscope view which shows light leakage), Sarin grade it (using a Sarin machine to get exact measurements -crown angle's, table size, etc...), and send that info to the customer before final purchase.
Abazias doesn't offer this. They do have a branded diamond called the 'Couples Diamond' SuperIdeal but they don't go very far in explaining what it is to the customer.
On the other hand, on Whiteflash's website you can actually view the above information on the diamonds that they have in stock>
Also, Whiteflash doesn't ship UPS which will invariably leave a $30,000.00 dollar diamond on your doorstep for anyone to pick up. Instead they ship overnight to a FedEx pickup station nearest the customer for positive ID pickup.
Whiteflash also customizes all types of rings and jewelry.
www.pricescope.com is the main **** to get more information about other online jewelry companies (through the eyes of customers).
Not that Abazias is not a good company; I just don't think the stock will perform up to expectations because of so many other competitors (including private companies) doing the job better.
Hope this helps with your diamond investment strategy. GLTA.
-------------------- Get In, Get Out...but Make Up Your Mind!
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The market seems to like the news and prospects for this company. With increased profitablity why would they need a r/s? I'm thinking they very well could issue a pr stating they have cancelled any plans for the r/s - which would mean this thing will skyrocket. Just thought I would throw out a possible scenario.
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Gee, I remember a few other diamond mine companies. NSDM comes to mind, then there was that other one CDMN or something like that. I think they had their own racing car.People always say to beware of mining companies.glta
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