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Qihoo 360 to Announce Q1 2011 Financial Results on May 24, 2011
May 10, 2011 (05:05 PM EDT)
BEIJING, May 10, 2011 /PRNewswire-Asia/ -- Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE: QIHU), the 3rd largest internet company in China as measured by active user base, will report its first quarter 2011 unaudited financial results on Tuesday, May 24, 2011, after the close of the U.S. markets.
Qihoo 360's management will host a conference call to discuss the results at 8:00 p.m. New York Time on May 24, 2011 (8:00 a.m. Beijing time on May 25, 2011).
The dial-in details for the live conference call are:
A telephone replay of the call will be available after the conclusion of the conference call at 11:00 p.m. Eastern Time on May 24, 2011 through 11:00 p.m. Eastern Time on May 31, 2011. The dial-in details for the replay are:
A live webcast of the conference call will be available on the investor relations section of Qihoo 360's website at: http://corp.360.cn .
About Qihoo 360
Qihoo 360 Technology Co. Ltd. is the No. 3 Internet company in China as measured by user base. As of February 2011, the Company had 339 million monthly active Internet users, representing a user penetration rate of 85.8% in China, according to iResearch. The Company is also the No. 1 provider of Internet and mobile security solutions in China as measured by active user base, according to iResearch. Recognizing security as a fundamental need of Internet and mobile users, Qihoo 360 offers comprehensive high-quality Internet and mobile security solutions free of charge. In addition, the Company also provides users with secure access points to the Internet via its industry leading Safe Browser and Application Desktop. The Company monetizes its massive user base primarily through online advertising on its web assets and through Internet value-added services on its open platforms.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. Among other things, the management's quotations contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Qihoo 360 and the industry. Potential risks and uncertainties include, but are not limited to: the Company's ability to continue to innovate and provide attractive products and services to attract and retain users; the Company's ability to keep up with rapid changes in technologies and Internet-enabled devices; the Company's ability to leverage its user base to attract customers for our revenue-generating services; and the Company's dependence on online advertising for a substantial portion of our revenues; and the Company's ability to compete effectively. All information provided in this press release is as of the date of the press release, and Qihoo 360 undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Qihoo 360 believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by Qihoo 360 is included in Qihoo 360's filings with the U.S. Securities and Exchange Commission, including its final prospectus dated March 29, 2011.
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SOURCE Qihoo 360 Technology Co. Ltd.