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IAS ENERGY, INC. ANNOUNCES VIDEO1314.COM LAUNCHES REVOLUTIONARY PLATFORM USING VIDEO TO ENABLE E-COMMERCE IN CHINA
For Immediate Release: March 26, 2008, Vancouver, BC - IAS Energy, Inc. (OTCBB: IASCA) is pleased to announce that in addition to Video1314.com's chinese Web 2.0 platform similar to YouTube, the Company has successfully launched its "Marketplace". Marketplace is Video1314's platform that enables its members and users to buy and sell goods and services using its video technologies. The platform creates a unique customer experience through the display of featured items on the site, which is designed to drive a greater level of e-commerce activity.
"Users will be able to see a seller's product in a video format rather than just a static picture. With today's advancement in mobile phone technology with video recording capabilities, it's very easy for our members to make a short video of their products that they want to sell. We believe this added feature will increase our current web site hit rate substantially before year's end", says Samuel Kam, Vice President of Internet Development of IAS Energy, Inc. "We are also on track to completing and introducing another chinese Web 2.0 social network, which will have similar functionalities to Facebook, before July this summer."
John Robertson, President of IAS Energy, Inc. states, "The recent successful $1.6 billion financing of Alibaba.com's marketplace site in Hong Kong, makes Video1314's new chinese marketplace site a high potential success, which will add millions of additional hits to our site."
IAS Energy, Inc. has an option to earn up to a 100% interest in Video1314.com, through Power Telecom Limited, by issuing a total of 50 million shares of IAS and paying US$650,000 in five equal payments over a one year period. IAS has made the first two payments totaling US$200,000, and issued 20 million shares of IAS Energy, Inc. to earn a 40% interest in www.Video1314.com.
Video1314.com is a Chinese Web 2.0 platform similar to YouTube. Video1314 has plans to expand its Chinese platform and launch across Asia in Japanese, Korean and English. Besides Video, photo and audio sharing capabilities, Video1314 plans to grow its business to offer a C2C, B2C and B2B marketplace to buy and sell goods for its members.
Additionally, IAS Energy, Inc. has an interest in three producing oil and gas wells in Texas with Anadarko Petroleum Corporation as the operator, and three producing gas wells in Kentucky with Young Operating Co., of Kentucky, as operator. For further information please visit www.iasenergy.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson
President
Contact: John Robertson
800-665-4616
Forward-Looking Statements
Statements in this press release regarding IAS Energy, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Contact:
John Robertson, President
800-665-4616
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