IAS ENERGY, INC. ACQUIRES OPTION TO PURCHASE UP TO 100% INTEREST IN POWER TELECOM LIMITED which owns the rights to the Chinese web site www.video1314.com.

ABOUT VIDEO1314.COM
Video1314.com is currently 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

The site has attracted over a million visitors since March 2007. Today, there are over 10,000 video clips in 18 video channels that consist of sports, music, food and many others.

Pursuant to Video1314.com's business, plan prepared by Samuel Kam, Vice President of Internet Development, for www.video1314.com reports the following details for the Company:

The Technology: In addition to its unique Web 2.0 features, Video1314 will operate Points of Presence (PoPs) across Asia with servers distributed across locations in Hong Kong, Taiwan, Shanghai, Shenzhen, Tokyo, and Seoul, enabling a high-speed Web 2.0 platform for its users.

Marketing: With a target market of over 162 million Internet users in China and over 459 million Internet users in Asia, Video1314 will provide localized web interfaces in various Asian languages, focusing on user friendliness and winning features. Combining user friendliness, ease of use and a chance to sell goods or services freely using video, photo and audio technologies, Video1314 plans to be one of the most widely used sites in China and Asia.

Business Operation: Besides focusing on video, photo, audio sharing and a marketplace, Video1314 is also setting its sights on the future of Internet TV. Video1314.com hopes to be the premier choice of all major advertisers moving from traditional TV advertising to Internet advertising. Video1314's prospects of adding syndicated programming can be very high once its user base has grown into the millions. Video1314's systems can offer pre-roll and post rolling of TV-like ads in the videos.

Video1314 divides its revenue lines into the following key categories:

• Package Advertising; Silver, Gold, Platinum through banners or ad areas
• Video Advertising (watermark, before and after video)
• Third party advertising sources such as Adbrite, Yahoo and Google

CLICK HERE TO DOWNLOAD VIDEO1314 PRESENTATION