| The Small-Town Kings of Bling: Abazias.com Sets Pace for
Additional IPO’s 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 nation’s 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.
###
Editor’s 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
e-mail
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