Abazias preliminary sales up 49% for Q1

05 Jul '07

2 min read

Abazias (ABZA) is pleased to announce preliminary first quarter sales for 2007 of $1,644,684, a 49% increase over the same period in 2006. Please note, these are preliminary unaudited figures, subject to revisions based on returns and normal final accounting adjustments by auditors, and do not include any non cash expenses.

Commenting on the expected results, Oscar Rodriguez, CEO of Abazias had this to say, "With this outstanding first quarter, we are confident that 2007 will be off the charts. Abazias recently unveiled new technology on our enhanced website and this innovative infrastructure and aesthetics has obviously impacted our visibility and credibility in the marketplace."

Abazias Diamonds has undergone a recent transformation with a new stock symbol (ABZA); and more attractive price as a result of recent stock split. The online diamond leader was recently featured in an IDEX (International Diamond Exchange) feature about Online Jewelers Gaining Significant Market Share.

This article, which paired Abazias with the likes of larger organizations like Blue Nile and Odimo, says online jewelers are not only putting pricing pressure on store-based retailers, but their online financial model is also causing traditional jewelers to re-think their business model.

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.

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