January 29, 2007, 12:00 AM

Jewelry retailer Abazias.com posts 58% rise in 2006 sales to $4.8 million

2006 sales grew 58% to $4.84 million at jewelry retailer Abazias.com, up from $3.06 million in 2005, the retailer said today. The company reported a net loss for 2006 of $139,613, an improvement of 67% from a net loss of $434,905 reported a year ago.

Kurt Peters

Executive Editor

2006 sales grew 58% to $4.84 million at jewelry retailer Abazias.com, up from $3.06 million in 2005, the retailer reports.

Abazias, based in Gainesville, FL, reported a net loss for 2006 of $139,613, an improvement of 67% from a net loss of $434,905 reported a year ago. For the fourth quarter 2006, the retailer reported a net loss of $5,603 on sales of $1.59 million.

“In 2006, Abazias reinvested in the company wisely,” says CEO Oscar Rodriguez. “We launched a significantly enhanced web site with new, user-friendly and innovative technology like a 3-D ring builder.” Abazias’ stock is publicly traded outside of major stock exchanges in over-the-counter transactions.

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