Q2 sales sparkle at tiny Abazias.com
Pure-play jeweler Abazias Inc. has announced preliminary 2006 second quarter sales of $1.1 million. This represents a 49% increase over sales of $736,000 during the same period last year. The Q2 2006 gross profit margin for the e-retailer increased to 21% for a total of $236,000; net income for the period was $66,726 vs. a loss of $25,933 during Q2 2005.
The reported totals 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.
Abazias.com soon will unveil an enhanced web site with new infrastructure and aesthetics that will have a significant impact on its visibility and credibility in the marketplace, the company says. The e-retailer will continue to promote itself through a strategic marketing alliance with Paris Hilton Limited Edition Watches, as well as via other methods.
The online jeweler boasts a showcase of more than 80,000 diamonds valued at more than $350 million. It also uses web technology that enables consumers to create their own jewelry.
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