IAS Energy, Inc. Exercises Additional 20 per cent Interest in www.video1314.com by Paying US$100,000 Cash and Issuing 10 Million Shares
Vancouver, British Columbia (BUSINESS WIRE) - IAS Energy, Inc.(IASCA - OTCBB) is pleased to announce that the Company has exercised its second option and now owns a 40 per cent interest in Power Telecom Limited.
IAS Energy, Inc. has an option to purchase up to a 100 per cent interest in the private Hong Kong company, which owns www.video1314.com.
Video1314.com is a Hong Kong based company that is a Chinese Web 2.0 platform similar to YouTube (www.youtube.com).
Video1314's Chinese platform will be expanded and has plans to launch across Asia in Japanese, Korean and English.
Video1314 will grow its business to offer photo, audio sharing and a C2C, B2C and B2B marketplace to buy and sell goods for its members.
Video1314 focuses on three main areas: Free online photo, video and audio sharing, A marketplace (similar to Alibaba.com) to buy and sell goods using video, photo and audio technologies High resolution TV programs that can be watched over the Internet ABOUT IAS ENERGY, INC.
IAS Energy, Inc. has an option to earn up to a 100 per cent 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 per cent 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 President 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, and capital expenditures and the timing thereof certain of which are beyond the Company's control, 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. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's financial statements on forms 10-KSB and 10-QSB, and Form 8-K filed with the United States Securities and Exchange Commission at www.sec.gov.
Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
IAS Energy, Inc. John Robertson,800-665-4616
Vancouver, British Columbia (BUSINESS WIRE) - IAS Energy, Inc.(IASCA - OTCBB) is pleased to announce that the Company has exercised its second option and now owns a 40 per cent interest in Power Telecom Limited.
IAS Energy, Inc. has an option to purchase up to a 100 per cent interest in the private Hong Kong company, which owns www.video1314.com.
Video1314.com is a Hong Kong based company that is a Chinese Web 2.0 platform similar to YouTube (www.youtube.com).
Video1314's Chinese platform will be expanded and has plans to launch across Asia in Japanese, Korean and English.
Video1314 will grow its business to offer photo, audio sharing and a C2C, B2C and B2B marketplace to buy and sell goods for its members.
Video1314 focuses on three main areas: Free online photo, video and audio sharing, A marketplace (similar to Alibaba.com) to buy and sell goods using video, photo and audio technologies High resolution TV programs that can be watched over the Internet ABOUT IAS ENERGY, INC.
IAS Energy, Inc. has an option to earn up to a 100 per cent 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 per cent 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 President 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, and capital expenditures and the timing thereof certain of which are beyond the Company's control, 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. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's financial statements on forms 10-KSB and 10-QSB, and Form 8-K filed with the United States Securities and Exchange Commission at www.sec.gov.
Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
IAS Energy, Inc. John Robertson,800-665-4616
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