--(www.USEquityNews.com)-- 06/05/2008 - Internet Information Provider industry alert provided by U.S. Equity News. Elysium Internet, Inc. (OTCBB: USBF) (Pending name change), an emerging direct navigation Internet media Company, recently announced that it plans to launch its proprietary Local Search Platform over its first 50 local city directories by July 1st. In addition Elysium plans to launch its second subscription based Internet directory brand Auditors.com by June 6th. Elysium CEO Scott Gallagher commented, "Our majority owned subsidiary Dice Ventures, Inc. has built a state of the art platform able to monetize local search traffic by generating search engine optimized, expandable landing pages in seconds. We plan to launch the platform over 50 geo domains as city directories by July 1st. The local search channel will become our second significant revenue stream, allowing us to further leverage our directory brands for our ad partners."
Fixed mortgage rates moved higher for the second week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.26 percent. According to Bankrate.com's (NASDAQ: RATE) weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points. The average 15-year fixed rate mortgage popular for refinancing increased to 5.84 percent, while the average jumbo 30-year fixed rate climbed to 7.47 percent. Adjustable mortgage rates moved lower, with the average 1-year ARM sliding to 6.14 percent and the average 5/1 ARM falling to 5.8 percent.
Banks.com, Inc. (AMEX: BNX), a leading financial services focused web property, announced today that the company has entered into a long-term advertising partnership with Business.com, a leading business search engine and advertising network. Business.com will provide sponsored search listings on Banks.com. The partnership with Business.com furthers Banks.com's strategy of providing the highest quality content and advertising for the financial services vertical. Business.com will provide relevant search advertising to the highly-targeted and growing user base on Banks.com, allowing Banks.com to better monetize the traffic to the site.
Here's a chance for celebrity fans to say "I do" like the Hollywood elite. WeddingChannel.com (NASDAQ: KNOT) (www.weddingchannel.com), the number one wedding and gift registry website, and celebrity magazine Us Weekly (www.usmagazine.com) are getting hitched to throw one lucky couple an amazing A-list affair. Launched on June 2, engaged couples throughout the country are invited to enter the "Dream Wedding" contest (www.usmagazine.com/wedding) where they'll get a chance to win a fantasy celebrity wedding and have their nuptials profiled in the pages of Us Weekly.
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