Abazias Launches Beta Version of Enhanced Website

New Features And Functions Offer A New Face For This Leading Online Diamond Supplier.

GAINESVILLE, Fla.--(BUSINESS WIRE)--July 27, 2006--Abazias Diamonds (OTCBB:ABZS - News) is proud to announce the launch of the beta version of their new website. This initial version of the new site features a more refined style and enhanced functionality. "The redesign of www.abazias.com has been strategically crafted to not only be more user-friendly, but to also offer an extremely professional presentation," states Oscar Rodriguez, CEO of Abazias. "As our company has grown, our profits have increased. With that influx of capital, we have carefully reinvested into the operational side of our company, enhancing the infrastructure and ultimately boosting our credibility, visibility and sales."

The new site offers a variety of new features, designed with customers in mind. The launch of the beta site introduces a personal shopper function, the first in the industry; a comprehensive and easy-to-use 3-D ring builder, another first, and an elaborate enhanced diamond education section.

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.

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®" 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.

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.