ABZT Ablaze Technologies Inc (CE)

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 intends to streamline its product offerings and portfolio into a core competency focus on Online Payment Processing. Ablaze management has decided to discontinue, sell, or close down certain marginal business lines and focus all available manpower and financial resources on the full roll-out of the Company's Online Payment Processing solutions to be offered at www.uAuthorize.com. "Of all our online applications, there seems to be significantly more demand and need for a real 'Paypal Alternative' than for all our other products and services combined," stated Dino Price, the Company's President. As such, the Company has decided to discontinue further VOIP network development and most of its many online retail applications, in favor of a stricter focus on payment processing developments. Additionally, the Company is in final negotiations to divest its recently developed Investment News Network in a transaction that will allow the Company to completely eliminate all debt on its balance sheet and allow reinvestment of additional resources in final development of the online payment processing business. For full details and links to all the company's products and services, 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.