UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549











x
            Annual
      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the Fiscal Year EndedDecember 31, 2007o
            Transition
      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934




Abazias,
Inc.


(Exact
name of registrant as specified in its charter)





Florida
            
            333-112167
            
            65-0636277(State
      or other jurisdiction of incorporation)
            
            (Commission
      File No.)
            
            (IRS
      Employer Identification No.)




5214
SW 91st Terrace
Suite A


Gainesville,
FL 32608


(Address
of principal executive offices) (Zip Code)




352-264-9940


(Registrant’s
telephone number)




Securities
Registered Pursuant to Section 12(b) of the Act: NONE




Title
      of each class
            Name
      of each exchange on which
registered





Securities
Registered Pursuant to Section 12(g) of the Act:




COMMON


(Title of
class)




Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. x Yes o No




Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. x




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act) Yes o No x




The
issuer's revenues for its most recent fiscal year was $7,294,858.




State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
sold, or the average bid and asked prices of such common equity, as of a
specified date within the past 60 days. (See definition of affiliate in Rule
12b-2 of the Exchange Act.) As of July 31, 2008: $1.02





Note: If
determining whether a person is an affiliate will involve an unreasonable effort
and expense, the issuer may calculate the aggregate market value of the common
equity held by non-affiliates on the basis of reasonable assumptions, if the
assumptions are stated.




As of the
date of this filing, the Company's Common Stock is trading on the over the
counter bulletin board.




As of
July 31, 2008, 2008, 3,178,057 shares of our common stock were issued and
outstanding.






DOCUMENTS
INCORPORATED BY REFERENCE




If the
following documents are incorporated by reference, briefly describe them and
identify the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into which
the document is incorporated: (1) any annual report to security holders; (2) any
proxy or information statement; and (3) any prospectus filed pursuant to Rule
424(b) or (c) of the Securities Act of 1933 ("Securities Act").  The listed
documents should be clearly described for identification purposes (e.g., annual
report to security holders for fiscal year ended December 24,
1990).




No
documents are incorporated by reference into this Annual Report on Form
10-KSB/A.







Transitional
Small Business Disclosure Format (Check one): Yes o No x


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FORWARD
LOOKING STATEMENTS




This
Amended Annual Report contains forward-looking statements about our business,
financial condition and prospects that reflect our management's assumptions and
beliefs based on information currently available. We can give no assurance that
the expectations indicated by such forward-looking statements will be
realized.  If any of our assumptions should prove incorrect, or if any of
the risks and uncertainties underlying such expectations should materialize,
Abazias’ actual results may differ materially from those indicated by the
forward-looking statements.




The key
factors that are not within our control and that may have a direct bearing on
operating results include, but are not limited to, acceptance of our services,
our ability to expand its customer base, managements' ability to raise capital
in the future, the retention of key employees and changes in the regulation of
our industry.




There may
be other risks and circumstances that management may be unable to predict. 
When used in this Report, words such as,  "believes,"  "expects,"
"intends,"  "plans," "anticipates,"  "estimates" and similar
expressions are intended to identify and qualify forward-looking statements,
although there may be certain forward-looking statements not accompanied by such
expressions.  However, the forward-looking statements contained herein are
not covered by the safe harbors created by Section 21E of the Securities
Exchange Act of 1934.




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Table of
Contents




ITEM 8A. CONTROLS AND PROCEDURES
            4ITEM 13. EXHIBITS AND REPORTS ON FORM
      8-K
            5






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We are
filing this Form 10-KSB/A to amend Form 10-KSB filed on April 1, 2008 to add
supplemental information concerning management’s assessment of Internal Controls
and Procedures which was incomplete and is being corrected in this
amendment.





ITEM 8A. CONTROLS AND PROCEDURES




Evaluation of Disclosure
Controls and Procedures





Under the
supervision and with the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, we conducted an evaluation of the
effectiveness of our internal control over financial reporting based on the
framework stated by the Committee of Sponsoring Organizations of the Treadway
Commission.  Furthermore, due to our financial situation, we will be
implementing further internal controls as we become operative so as to fully
comply with the standards set by the Committee of Sponsoring Organizations of
the Treadway Commission.





The
Company’s Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of the Company’s disclosure controls and procedures
(as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the
fiscal period ending December 31, 2007 covered by this Annual Report
on Form 10-KSB/ A. Based
upon such evaluation, the Chief Executive Officer and Chief Financial Officer
have concluded that, as of the end of such period, the Company’s disclosure
controls and procedures were not effective as required under Rules 13a-15(e) and
15d-15(e) under the Exchange Act. This conclusion by the Company’s Chief
Executive Officer and Chief Financial Officer does not relate
to reporting periods after December 31, 2007.





Management’s Report on
Internal Control Over Financial Reporting




Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in
Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control
system was designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes, in accordance with generally accepted accounting principles. Because
of inherent limitations, a system of internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate due to change in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.





Our
management, including our CEO and CFO, conducted an evaluation of the
effectiveness of our internal control over financial reporting.  Based
on its evaluation, our management concluded that our internal controls over
financial reporting were ineffective and that there is a material weakness in
our internal control over financial reporting. A material weakness is a
deficiency, or a combination of control deficiencies, in internal control over
financial reporting such that there is a reasonable possibility that a material
misstatement of the Company’s annual or interim financial statements will not be
prevented or detected on a timely basis.





The
material weakness relates to the monitoring and review of work performed by our
Chief Financial Officer and lack of segregation of duties.  In the
preparation of audited financial statements, footnotes and financial data
all of our financial reporting is carried out by our Chief Financial Officer,
and we do not have an audit committee to monitor or review the work
performed.   The lack of segregation of duties results
from  lack of accounting staff with accounting technical expertise
necessary for an effective system of internal control. In order to mitigate
this material weakness to the fullest extent possible, all financial reports are
reviewed by the Chief Executive Officer. All unexpected results are
investigated. At any time, if it appears that any control can be implemented to
continue to mitigate such weaknesses, it is immediately implemented. As soon as
our finances allow, we will hire sufficient accounting staff and implement
appropriate procedures for monitoring and review of work performed by our Chief
Financial Officer.





This
annual report does not include an attestation report of the Company s registered
public accounting firm regarding internal control over financial reporting.
Management s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the SEC that permit us to provide
only management’s report in this Annual Report on Form 10-KSB/A.


-4-





Changes in Internal Control
Over Financial Reporting





No change
in the Company s internal control over financial reporting occurred during the
quarter ended December 31, 2007, that materially affected, or is reasonably
likely to materially affect, the Company s internal control over financial
reporting.








ITEM
13.  EXHIBITS AND REPORTS ON FORM8-K




(a) List
of documents filed as part of this Report:





None





(b)
Exhibits:





The
following exhibits listed are filed as part of this Report:





31.1     Amended Rule 13a-14(a)/15d-14(a)
Certification of Chief Executive Officer Oscar Rodriguez




32.1     Amended Section 1350 Certification,
Oscar Rodriguez





31.2     Amended Rule 13a-14(a)/15d-14(a)
Certification of Chief Financial Officer, Jesus Diaz




32.2     Amended Section 1350 Certification,
Jesus Diaz






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Signatures




In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report on Form 10-KSB/A to be signed on its behalf by the undersigned,
thereunto duly authorized.





TITLE
            NAME
            DATE
            SIGNATUREPrincipal
      Executive
            Oscar
      Rodriguez
            August
      4, 2008
            /s/
      Oscar RodriguezOfficePrincipal
      Accounting
            Jesus
      Diaz
            August
      4, 2008
            /s/
      Jesus DiazOfficerPrincipal
      Financial
            Jesus
      Diaz
            August
      4, 2008
            /s/
      Jesus DiazOfficer




Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities and on the date
indicated.




SIGNATURE
            NAME
            TITLE
            DATE/s/
      Oscar Rodriguez
            Oscar
      Rodriguez
            Director
            August
      4, 2008/s/
      Jesus Diaz
            Jesus
      Diaz
            Director
            August
      4, 2008/s/
      Aaron Taravella
            Aaron
      Taravella
            Director
            August
      4, 2008




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