--(www.USEquityNews.com)-- 07/29/2008 - Internet Information Provider industry alert provided by U.S. Equity News. Sohu.com Inc. (NASDAQ: SOHU), China's leading online media, communications, search, online games and mobile value-added services company, recently reported unaudited financial results for the second quarter ended June 30, 2008. "We are very pleased with our strong performance this quarter," said Dr. Charles Zhang, Chairman and CEO of Sohu.com. "Sohu achieved another milestone in the Company's history with total revenues exceeding $100 million which further demonstrated Sohu's leadership position in the China Internet space, driven by our strong media influence, premier content offerings and increased popularity of our products such as Sohu Blogs and Sogou Pinyin, and the growth of our online games business. We expect that penetration of the Internet in China will be escalated to an even higher level with the Beijing 2008 Olympic Games and that, combined with our technological advancements and portal strength, will help us to continue our success for the remainder of 2008 and beyond."
Fifty-nine percent of Greater China's VoIP phone manufacturers plan to increase export prices, according to Global Sources' (NASDAQ: GSOL) latest China Sourcing Report: VoIP Phones ( http://www.chinasourcingreports.com/voipphones08 ), reversing the trend noted in the 2007 Report which showed 68 percent planned to decrease export quotes. Despite price increases, the majority of surveyed suppliers expect export sales to continue growing. "Fierce competition has driven half of Greater China's VoIP phone manufacturers out of business over the past two years, especially those who relied mainly on competitive pricing to gain orders," said Publisher of the Report, Mark A. Saunderson.
Equity Solutions Inc. announced it is currently featuring IAS Energy, Inc. (OTCBB: IASCA) www.iasenergy.com) on USEquityNews.com. IAS Energy announced that www.video1314.com had record web site traffic with over 14.3 million monthly hits to its site in June, 2008. "We are on track to becoming one of the top destination sites in Asia," said Samuel Kam, Vice President of Internet Development for IAS Energy, Inc. "We are now averaging more than half a million clicks to our site each day and expect this to increase substantially in the coming months through the introduction of more user-friendly interfaces in the future." Video1314.com is a fast growing Chinese Web 2.0 platform (similar to www.youtube.com) that allows users to share videos, music, audio as well as sell goods and services using videos in its marketplace. Since its launch, Video1314 has attracted millions of users and is fast becoming one of Asia's top Web2.0 destinations. Video1314.com currently serves the Greater China region, which includes mainland China, Hong Kong, Macau and Taiwan.
Banks.com, Inc. (AMEX: BNX), a leading financial services focused web property, recently announced that it will hold its quarterly conference call to discuss second quarter 2008 financial results on Thursday, August 14, 2008 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The company also announced that it is withdrawing its guidance for the fiscal year 2008 due to the uncertain macroeconomic environment and because the company remains in the early stages of implementing its Financial Services vertical strategy and many of its newer advertising agreements. "At this point, we expect that our 2008 year-end results will be significantly below our original earnings guidance, which is reflective of the ongoing challenges we face in our business transition", said Dan O'Donnell, CEO of Banks.com.
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