--(www.USEquityNews.com)-- 07/18/2008 - Internet Information Provider industry alert provided by U.S. Equity News. Rediff.com India Limited (NASDAQ: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the First Quarter ended June 30, 2008, at 8:00 am ET (5:00 am Pacific Time / 5:30 pm India Time) on Thursday, July 24, 2008. In conjunction with this release, Rediff.com will host a conference call. Ajit Balakrishnan, Chairman and Chief Executive Officer and Joy Basu, Chief Financial Officer will host the call at 8:30 am ET (5:30 am Pacific Time / 6:00 pm India Time), July 24, 2008 soon after declaring the First Quarter results.
LookSmart, Ltd. (NASDAQ: LOOK), an online search advertising network and technology solutions company, recently announced that based on a preliminary evaluation of the second quarter of 2008, the Company expects to report total revenue of between $17.0 million and $17.1 million, which represents a 16% - 17% increase over second quarter 2007 revenue of $14.6 million (which included $1.1 million derived from certain of the Company's consumer assets sold or retired in 2007) . This result is preliminary and therefore subject to change. The Company is still in the process of completing its review of second quarter operating results, and therefore does not yet have visibility into other results of operations.
Mortgage rates continued the retreat, with the average conforming 30-year fixed mortgage rate falling to 6.42 percent. According to Bankrate.com's (NASDAQ: RATE) weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed rate mortgage popular for refinancing declined to 5.95 percent, while the average jumbo 30-year fixed rate held steady at 7.64 percent. Adjustable mortgage rates were mixed, with the average 1-year ARM rising to 6.21 percent and the average 5/1 ARM holding at 6.05 percent.
SmallCapVoice.com, Inc. announced that a new audio interview featuring, Elysium Internet Chairman and Chief Executive Officer Scott Gallagher of Elysium Internet, Inc. (OTCBB: USBF) is now available at SmallCapVoice.com. The interview can be heard at http://www.smallcapvoice.com/usbf/usbf-6-10-08.php. Elysium Internet CEO Scott Gallagher commented, "In only a few short months since going public we have acquired some of the best Internet real estate in our space. Our first two directories are showing up on page one of the organic listings at Yahoo, MSN.com and Google. The Internet ad space is growing at a record pace. We look forward to the coming launch of Pediatricians.com, Psychiatrists.com and Podiatrists.com to further expand our customer and revenue base and we welcome the opportunity to communicate our business strategy to web sites such as www.SmallCapVoice.com."
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