The Small-Town Kings of Bling: Abazias.com Sets Pace for Additional IPOs In the Discount Diamond 'e-tail Business

Last week, while the world reacted to Blue Nile Inc. setting the terms of the company's pending initial public offering, Oscar Rodriguez CEO and Jesus Diaz CFO of Abazias.com (ABZS) were celebrating the recent filing of their 1st annual 10K-SB statement with the SEC. Abazias.com is not only one of the very few public companies headquartered in Gainesville, Florida, it has been one of the very few public companies in the online diamond industry.

Gainesville, FL (PRWEB) April 24, 2004 --- Last week, while the world reacted to Blue Nile Inc. setting the terms of the company's pending initial public offering, Oscar Rodriguez CEO and Jesus Diaz CFO of Abazias.com (ABZS) were celebrating the recent filing of their 1st annual 10K-SB statement with the SEC. Abazias.com is not only one of the very few public companies headquartered in Gainesville, Florida, it has been one of the very few public companies in the online diamond industry.

In 2003 when Abazias.com went public, it indicated the Internet's validation of diamond sales" states Rodriguez, We are very happy that other organizations are able to see the value in this move and legitimize what we have been working towards all along. It is refreshing to see our emerging organization from Gainesville, Florida setting the pace."

Abazias.com enjoyed record sales of 1.7MM its first year as a public company, in an industry that has ample opportunities for growth. Online sales are still a small part of the U.S. diamond market, an estimated 2% of the total of $29 billion in 2003, according to the Jewelry Industry Research Institute, but that's up from 1.5%, up 25%the year before. Overall, online jewelry sales are expected to hit $2.8 billion this year, up from $2 billion last year, says sales tracker Forrester Research. To further review Abazias.com's performance, please refer to the 10K-SB which is available online.

Plans for 2004 include additional strategic marketing alliances including a current promotion with www.Maximonline.com, the online portal of Maxim Magazine.

Abazias.com has created a strong customer following based on customer service and site innovations that let shoppers create their own jewelry. In addition to delivering quality diamonds at wholesale prices, Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased.

About Abazias.com
Abazias.com (ABZS) is one of the nations leading international discount diamond and loose diamond dealers and one of very few public companies in the online industry. Abazias.com features one of the largest certified loose diamond databases anywhere in the world. Abazias.com offers a database of over 60,000 diamonds, valued at over $50 million. All of the diamonds out of Abazias.com are GIA, AGS or EGL certified. Abazias.com also offers specialty diamonds including the Amore Diamond" which is required to meet even higher standards for cut, clarity and dimensions. For more information, please visit www.abazias.com or call 800.603.9940.

###

Editors Note: Oscar Rodriguez and Jesus Diaz are available for interviews. Please call Rebecca Kollaras or Nicole Biscuiti at BlueSky PR (954-568-5450) to schedule.

Media Contact: Rebecca Kollaras
BlueSky Public Relations, LLC
954/568-5450
Rebecca.Kollaras@discoverblue.com
www.discoverblue.com