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Abazias.com clocks record sales growth for 2005
03 Apr '06
2 min read
Online jeweler Abazias.com enjoyed record sales of $3,057,657 million in 2005 with an approximate 48 percent increase in sales from 2004.
Gross profit increased 57 percent, combined with positive stockholder equity and solid cash balances of $295,000 for the year, showing a significantly improved financial position compared to 2004. Further, Abazias reports a 57 percent decrease in operational losses at just $434,905, primarily due to reduction in stock issued to management and various consultants. Additionally, the loss on a cash basis for the year was just $122,055.
Oscar Rodriguez, CEO said, "We have spent the last year strategically marketing our company through an extensive internal search engine optimization campaign."
"In addition we have enhanced our website, added a new non-engagement line of jewelry and had alignment with important celebrity brands like the Paris Hilton Limited Edition watches -- all while still committed to our low burn rate. The sky is the limit in 2006," Rodriguez continued.
Plans for 2005 include aggressive investor relations through professional associations including SmallCapVoice.com, consumer public relations and strategic marketing alliances including a current promotion with The Price is Right. The next step for Abazias will be the addition of the ready-to-wear Paris Hilton watch line, expected to debut next month.
An innovator, Abazias has been a part of the online diamond industry as a public company since October 2003, setting the pace for larger entities such as Blue Nile.
Abazias.com showcases over 70,000 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.
Gross profit increased 57 percent, combined with positive stockholder equity and solid cash balances of $295,000 for the year, showing a significantly improved financial position compared to 2004. Further, Abazias reports a 57 percent decrease in operational losses at just $434,905, primarily due to reduction in stock issued to management and various consultants. Additionally, the loss on a cash basis for the year was just $122,055.
Oscar Rodriguez, CEO said, "We have spent the last year strategically marketing our company through an extensive internal search engine optimization campaign."
"In addition we have enhanced our website, added a new non-engagement line of jewelry and had alignment with important celebrity brands like the Paris Hilton Limited Edition watches -- all while still committed to our low burn rate. The sky is the limit in 2006," Rodriguez continued.
Plans for 2005 include aggressive investor relations through professional associations including SmallCapVoice.com, consumer public relations and strategic marketing alliances including a current promotion with The Price is Right. The next step for Abazias will be the addition of the ready-to-wear Paris Hilton watch line, expected to debut next month.
An innovator, Abazias has been a part of the online diamond industry as a public company since October 2003, setting the pace for larger entities such as Blue Nile.
Abazias.com showcases over 70,000 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
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