Abazias appreciated by Harbinger Research firm

Abazias online potential unexplored states Herbinger Research Report
Abazias appreciated by Harbinger Research firm

ONLINE diamond retailer Abazias, Inc. has been admired for its business model by research company Harbinger Research. It has favorably reviewed the company as an investment opportunity and believes the Abazias stock is undervalued. The report states that Abazias strengths include its highly scalable business model, large market potential with online buying gaining momentum, strong management with solid industry relationships and its share price performance.

Harbinger Research highlights the fact that Abazias has the largest availability of diamonds online, greater then its competitor Blue Nile, a positive cash flow, strengthened balance sheet, and a minimal burn rate which is significantly lower than any other public competitor. Abazias recently completed the first part of an anticipated two-tranche private placement in the amount of $500,000.

Abazias business plan will be implemented with this money. The plan focuses on a larger marketing budget to increase awareness of its status as an online site for loose diamonds. The money raised will also enable Abazias to expand its online product offerings to include more jewelry and watches. The site Abazias.com at present offers more than 70,000 diamonds for sale, valued at over $350 million.


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