IAS Energy, Inc. announces Video1314.com launches revolutionary platform using Video to enable E-Commerce in ChinaHong Kong & Vancouver, British Columbia - 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 in IAS Energy, Inc. to earn 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 Forward-Looking StatementsStatements 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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