June 16, 2008
Sohu.Com Awarded Rights to Offer Live Webcasts and Video-On-Demand of Beijing 2008 Olympic Games
BEIJING, June 16 /Xinhua-PRNewswire-FirstCall/ -- Sohu.com Inc. , China's leading online media, communications, search, online games and mobile value-added services company, announced today that it had signed an agreement with its strategic partner CCTV.com, China's Official Internet/Mobile Broadcaster of the Beijing 2008 Olympic Games, and will be awarded the new media rights to internet broadcasting for the Olympics. As an authorized internet portal, Sohu will offer live webcasts and video-on-demand of the competitions together with the opening and closing ceremonies of the Beijing 2008 Olympic Games.
Dr. Charles Zhang, Chairman and CEO of Sohu.com said: ''CCTV.com is the most prestigious news website based on the country's national television network, and Sohu is China's leading internet portal. The partnership between Sohu and CCTV.com has become another important milestone between the official Internet Content Sponsor for Beijing 2008 Olympic Games and the official Olympic Internet/Mobile Broadcaster. This in-depth cooperation with CCTV.com, together with our proprietary peer-to-peer video steaming technology, will further enhance Sohu's competitive strength surrounding Olympic reporting and further positioned us as ''the Portal of Choice'' of Olympic Games for both users and advertisers.''
Sohu.com Inc. is China's premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication. Sohu has built one of the most comprehensive matrices of Chinese language web properties and proprietary search engines, consisting of the mass portal and leading online media destination http://www.sohu.com/ ; interactive search engine http://www.sogou.com/ ; #1 online alumni club http://www.chinaren.com/ ; #1 games information portal http://www.17173.com/; the top real estate website http://www.focus.cn/ ; wireless value-added services provider http://www.goodfeel.com.cn/ ; and leading online mapping service provider http://www.go2map.com/ .
Sohu corporate services consist of brand advertising on its matrix of websites as well as paid listing and bid listing on its in-house developed search directory and engines. Sohu also offers two types of consumer services. The company operates two massive multi-player online role-playing games, namely Tian Long Ba Bu and Blade Online, and a casual game platform. Sohu also offers wireless value-added services such as news, information, music, ringtone and picture content sent over mobile phones. Sohu.com, established by Dr. Charles Zhang, one of China's Internet pioneers, is in its twelfth year of operation.
Safe Harbor Statement
This announcement contains forward-looking statements. It is currently expected the Business Outlook will not be updated until release of Sohu's next quarterly earnings announcement; however, Sohu reserves right to update its Business Outlook at any time for any reason. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the uncertain regulatory landscape in the People's Republic of China, fluctuations in Sohu's quarterly operating results, Sohu's historical and possible future losses and limited operating history, and the company's reliance on online advertising sales, online games and wireless services (most wireless revenues are collected from a few mobile network operators) for its revenues. Further information regarding these and other risks is included in Sohu's annual report on Form 10-K for the year ended December 31, 2007, and other filings with the Securities and Exchange Commission.
Sohu.com Contact Information Erin Sheng Manager Investor Relations and Corporate Communications Tel: +86-10-6272-6596 Email: [email protected] http://corp.sohu.com/
CONTACT: Erin Sheng, Manager, Investor Relations and CorporateCommunications of Sohu.com, +86-10-6272-6596, or [email protected]
Web Site: http://corp.sohu.com/