--(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.
IAS Energy, Inc. (OTCBB: IASCA) is pleased to announce 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.
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