For Immediate Release: June 16th, 2008, Hong Kong - IAS Energy, Inc. (OTCBB: IASCA) announced today that its subsidiary Video1314.com has entered into a partnership and cross-marketing agreement with Queen Productions Limited, a leading Chinese Artist management, music and film production company.

"We believe this partnership will significantly increase the activity on our site, driving enhanced commercial activities," said Samuel Kam, President of Video1314.com. "Queen Products represents many popular Chinese entertainers, and its relationships should expand the audience for Video1314.com at a time when we have made significant enhancements to improve its functionality and content."

Under this agreement Video1314.com's site will be promoted by Queen Production's Artistes at public events, venues, in print material and in music and film publications. In exchange, Queen Productions has engaged Video1314 to exclusively promote on the Internet, their Artists, music and films via Video1314.com's site.

In conjunction with the agreement, Video1314.com will exclusively debut the music single and video of Cindy Lee Si Nga. Si Nga is one of Queen Productions' new and upcoming star artists and is a professional athlete, actress, sports anchor and singer. She will appear on television during the Beijing 2008 Olympics as one of TVB's Olympic sports anchors. She will also be Video1314's ambassador at various public events.

ABOUT VIDEO1314.COM Video1314.com is a fast growing Chinese Web 2.0 platform that allows users to share videos, music, and audio as well as sell goods and services using videos in its marketplace. Video1314 has plans to expand its Chinese platform and launch across Asia in Japanese, Korean and English. Video1314's site has attracted millions of users since its launch and focuses on:

• Free online photo, video and audio sharing,
• A marketplace (similar to Alibaba) to buy and sell goods using video, photo and audio technologies
• Online educational gaming

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"

John Robertson
President

Contact:
John Robertson
800-665-4616

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.