ABZT Ablaze Technologies Inc (CE)

Ablaze Technologies, Inc. (Pink Sheets:ABZT), announced today that significant changes and reorganizations within the Company have been made in recent months. Dino Price, former President, has left the Company to pursue other online business interests in Nicaragua, and the Company has abandoned development of its uAuthorize online payment portal, previously under his guidance. We wish him the very best in his new endeavors and thank him for his efforts and devotion to Ablaze during his tenure. With an intense focus on profitable business lines, management of ABZT has been diligently working to streamline operations within the Company and concentrate on opportunities that offer: 1) extremely high profit margins, 2) minimal capital investment, 3) reoccurring revenue streams, 4) low personnel expenses, and 5) has a base of operations "online". During the second half of 2005, most of the Company's original business lines were reviewed against these standards and either abandoned or sold, and all resources were redirected to the Company's OTC Services, Inc. unit formed last year, and announced in July '05. The OTC Services unit operates an online investment news network and further provides online marketing services to public companies, assisting in product marketing and investor relations initiatives for those clients. The management of OTC has developed significant expertise and understanding of online marketing performance, and can now react quickly, efficiently and effectively to help keep its clients visible and branded. The operations of OTC Services have furthermore met the quality standards and criteria that management was seeking for the benefit of the Company and its shareholders. Darrel Uselton, Chairman & CEO, stated, "Our 2005 annual report is not yet complete, and a specific financial announcement will be forthcoming within the next 30-45 days for the year end 2005 results. I can say with certainty however, that sales for the second half of 2005 were robust within the OTC Services unit and significant profitability is expected." Uselton further stated, "Our financial performance for the year, although not yet completely tabulated, was outstanding in terms of percentage gains in new client contracts, gross revenue, and profitability; and just as important, the Company also maintained its debt free status and issued no new equity for the year. We're looking forward to continuing progress both in new client sales and sustained profitability with our now much narrower focus on the OTC Services operations." Ablaze Technologies, through its OTC Services unit, operates an online investment news network, as well as provides numerous non-invasive, comprehensive, web-based marketing services, primarily to other OTC traded public companies. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.