Ablaze Technologies Announces Second Quarter Sales and Earnings

Ablaze Technologies, Inc. (OTC:ABZT), a results oriented
internet marketing company, announced today its second quarter sales
and earnings for the previous quarter ending June 30, 2006.
   Gross Revenue for the second 3 month period was $4,198,261, down
from $5,021,552 the previous quarter. Total revenue for the six month
period was $9,219,813. Net income for the second quarter was
($396,135) or ($0.005) per share, down from $1,086,217 or $0.014 the
previous quarter. Net after-tax income for the six month period was
$748,535 or $0.0096 on 77,500,000 total issued and outstanding shares.
   Advertising and marketing remained the Company's biggest expense
at $2,931,213, up sharply from $1,841,245 the first quarter, while
general and administrative expenses were $221,335 for the second
quarter. The Company maintained its debt free status with the
exception of $367,422 in reserve for Federal Income Taxes and
shareholders equity was $2,497,144 for the period ending June 30.
Shareholders equity included $531,804 cash on hand and approximately
$2,290,642 in marketable securities with $1,599,347 in unrealized
investment gains, less the allowance for income tax.
   Darrel Uselton, CEO stated: "Our financial performance for the
quarter was disappointing in comparison with the stellar results of
the first quarter, but still remarkably better than overall results in
the previous year. We derive a large portion of our revenues from
realized gains on our portfolio of securities received in fee and
trading activities, and therefore experienced significant volatility
in the second quarter in line with the overall market's performance.
We also experienced a significant increase in competition within the
online marketing venues we so successfully pioneered in the beginning
of the year, driving up our marketing expenses sharply. We are
diligently working each day to manage a profitable balance between
advertising outlays and the revenue it in turn generates, remaining
focused on profitability over pure revenue growth. Most of the loss
this quarter was sustained in late April and May, with June nearly
break even, showing improvement of our management of the market
volatility and increased competition we experienced throughout the
quarter."
   Ablaze Technologies, Inc. through its OTC Services unit, operates
an online investment news network, as well as provides comprehensive,
non-invasive, 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 its services, and often
participates in structured financing transactions with those public
company clients as well.
   For more information about Ablaze Technologies, or to review our
complete financial statements and disclosures for the quarter, please
visit our homepage at www.AblazeTech.com or on Pinksheets.com. You may
also want to visit our business presentation pages at
www.ProTrading.com. Please note that the Company moved to larger
offices during the quarter and our new address is 1400 Broadfield,
Suite 120, Houston, TX 77084 - Phone [phone]; Fax [phone].
   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.