Ablaze Technologies Announces Third Quarter Sales and Earnings

  
    
  
  
    
      Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results oriented 
      internet marketing company, announced today its third quarter sales and 
      earnings for the previous quarter ending September 30, 2006.
    
    
      Gross Revenue for the third quarter ending September 30 was $3,046,424, 
      down from $4,198,261 the previous quarter. Total revenue for the nine 
      month period was $12,255,711. Net income for the third quarter was 
      ($250,408) or ($0.0032) per share, improved from ($396,135) or ($0.005) 
      the previous quarter. Net after-tax income for the nine month period 
      (year-to-date) was $435,535 or $0.00562/share on 77,500,000 total issued 
      and outstanding shares.
    
    
      Advertising and marketing remained the Company’s 
      biggest expense at $2,215,476, down slightly from $2,931,213 during the 
      second quarter, while general and administrative expenses were $216,475 
      for the third quarter. The Company maintained its debt free status with 
      the exception of $206,180 in reserve for Federal Income Taxes. 
      Shareholders equity was $1,034,034 for the period ending September 30. 
      Shareholders equity included $382,730 cash on hand and approximately 
      $815,770 in marketable securities with $467,424 in unrealized investment 
      gains. Unrealized gains decreased by $1,194,516 for the quarter.
    
    
      Darrel Uselton, CEO stated: “Our financial 
      performance for the quarter was improved over last quarter, but still 
      disappointing in that we were unable to top the profitable mark for the 
      quarter. We also experienced some significant declines in our unrealized 
      gains on investment securities held, which reduced shareholders equity. 
      We derive a large portion of our revenues from our portfolio of 
      securities received in fee and trading activities, and therefore 
      experienced significant volatility in the third quarter in line with the 
      overall market’s performance. 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. We are exploring 
      strategic acquisition opportunities as well with business lines that 
      would provide more predictable results that would smooth our earnings 
      quarter over quarter and lessen our dependence on large fluctuations in 
      realized and unrealized gains on securities.”
    
    
      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.
    
    
      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 www.Pinksheets.com. You 
      may also want to visit our business presentation pages at www.ProTrading.com. 
      To access FREE Level II Quote Montage, just request a regular quote on 
      Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt.
    
    
      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.
    
  
Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results oriented
internet marketing company, announced today its third quarter sales
and earnings for the previous quarter ending September 30, 2006.

   Gross Revenue for the third quarter ending September 30 was
$3,046,424, down from $4,198,261 the previous quarter. Total revenue
for the nine month period was $12,255,711. Net income for the third
quarter was ($250,408) or ($0.0032) per share, improved from
($396,135) or ($0.005) the previous quarter. Net after-tax income for
the nine month period (year-to-date) was $435,535 or $0.00562/share on
77,500,000 total issued and outstanding shares.

   Advertising and marketing remained the Company's biggest expense
at $2,215,476, down slightly from $2,931,213 during the second
quarter, while general and administrative expenses were $216,475 for
the third quarter. The Company maintained its debt free status with
the exception of $206,180 in reserve for Federal Income Taxes.
Shareholders equity was $1,034,034 for the period ending September 30.
Shareholders equity included $382,730 cash on hand and approximately
$815,770 in marketable securities with $467,424 in unrealized
investment gains. Unrealized gains decreased by $1,194,516 for the
quarter.

   Darrel Uselton, CEO stated: "Our financial performance for the
quarter was improved over last quarter, but still disappointing in
that we were unable to top the profitable mark for the quarter. We
also experienced some significant declines in our unrealized gains on
investment securities held, which reduced shareholders equity. We
derive a large portion of our revenues from our portfolio of
securities received in fee and trading activities, and therefore
experienced significant volatility in the third quarter in line with
the overall market's performance. 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. We are exploring strategic acquisition
opportunities as well with business lines that would provide more
predictable results that would smooth our earnings quarter over
quarter and lessen our dependence on large fluctuations in realized
and unrealized gains on securities."

   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.

   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 www.Pinksheets.com. You
may also want to visit our business presentation pages at
www.ProTrading.com. To access FREE Level II Quote Montage, just
request a regular quote on Pinksheets.com for ABZT or visit this URL:
http://www.pinksheets.com/quote/quote.jsp?symbol=abzt.

   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.