ABZT Ablaze Technologies Inc (CE)

In accordance with the Company's policy to update guidance if it is reasonably certain that earnings per share, on either a quarterly or an annual basis, will be outside published estimates, Ablaze Technologies, Inc. (Pink Sheets:ABZT) announced today that earnings from continuing operations for the first quarter 2006 are expected to be greater than $1 million or $0.012 per share for the quarter, on revenues exceeding $3,000,000. The Company expects to announce final results reflecting record sales, profitability, and shareholder equity gains for the previous quarter ending March 31, 2006 no later than April 15, 2006. Darrel Uselton, CEO stated: "Our financial performance for the first quarter far exceeded our expectations, and we're anxious to see final tabulations of our net earnings and shareholder's equity gains for the quarter. We're very excited to have proven our highly profitable business formula offering non-invasive online marketing strategies in a niche industry experiencing huge demand. We're looking forward to continuing substantial increases in new client contracts and realized investment gains. We're also committed to sustaining our debt free and profitable status while pursuing aggressive revenue growth." Nearly all the Company's growth for the first quarter was generated by its OTC Services, Inc. unit which operates an online investment news network, as well as provides numerous comprehensive, web-based marketing services primarily to public companies, assisting in brand marketing and investor relations initiatives for those clients. The Company typically receives cash and/or marketable securities as fee income for services, and often participates in structured financing transactions with those public company clients. For general information about the Company, please visit our corporate site at www.AblazeTech.com. 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.