Ablaze Technologies Announces Corporate Update

Ablaze Technologies, Inc. (Pink Sheets:ABZT), a
results-oriented business incubator and holding company with a variety
of technology products and services, announced today that it is
continuing development of its uAuthorize.com Online Payment Processing
and Transfer Solution. Ablaze management began this week interviewing
gateway software providers and banking institutions.
   In clarification of the Company's last press release about its
intent to streamline its product offerings into Online Payment
Processing - and discontinuing, selling, or closing down certain
marginal business lines, the Company's President Dino Price stated:
"We are putting our 'primary' focus and financial resources on the
final development of the Company's Online Payment Processing solutions
to be offered at www.uAuthorize.com, but we ARE maintaining our
recently acquired properties www.SearchFn.com and www.TreasureAnt.com,
as well as roughly half of our original 50 product/service sites
including most of those in the 'web marketing' division. We are only
culling our portfolio of websites and offerings that have a history of
marginal results, which are primarily categorized as web development
tools, VOIP services, consumer software, and general business
offerings."
   The Company is also pleased to announce the completion of the
divestiture of its Investment News Network of sites in a transaction
that will eliminate substantially all the Company's long-term debt.
   For full details, links to all the company's products and
services, or regular corporate updates, please visit our homepage 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.