Asia underground market awaits iPhone and Money fund assets rose by $50.82B in latest week

City of Industry, CA --(www.USEquityNews.com)-- 07/14/2008 - Internet Information Provider industry alert provided by U.S. Equity News. As Apple Inc. (NASDAQ: AAPL) rolled out its newest iPhone on Friday, dealers and buyers were anticipating the popular device in Asia's thriving underground marketplace in as little as a few days. The iPhones are nothing new to Asia, where enthusiasts from Bangkok to Shanghai already sport fake and unlocked versions of last year's models -- unlocked so they can work with any carrier, not just the Apple-authorized ones. Now, electronics markets are preparing for an influx of iPhones capable of 3G, or third-generation, cell phone technology. In the Chinese territory, ads pitching unlocked iPhones and services to unlock them were everywhere in a shopping mall with three floors of cell-phone stores.


Yahoo Inc. (NASDAQ: YHOO) unveiled ad-supported downloadable games on Yahoo Games Thursday, saying it plans to offer more than 400 such games by year-end. Yahoo said in-game ads will help the company and publisher partners monetize games, get advertisers in touch with the "coveted" gaming demographic of women between the ages of 35 and 54 and fills user demand for casual games that are supported by ads. Privately held in-game ad companies Double Fusion and NeoEdge will sell and integrate video ads into various games available from Yahoo Games. Yahoo noted that consumers will be able to buy downloadable games that don't include ads.

Total money market mutual fund assets rose by $50.82 billion to $3.506 trillion for the week, the Investment Company Institute said (NASDAQ: RATE) recently. Assets of the nation's retail money market mutual funds rose by $8.19 billion in the latest week to $1.218 trillion. Assets of taxable money market funds in the retail category rose by $5.89 billion to $913.06 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets rose by $2.30 billion to $305.35 billion. Assets of institutional money market funds rose by $42.64 billion to $2.287 trillion for the same period.

SmallCapVoice.com, Inc. announced that a new audio interview featuring, Elysium Internet Chairman and Chief Executive Officer Scott Gallagher of Elysium Internet, Inc. (OTCBB: USBF) is now available at SmallCapVoice.com. The interview can be heard at http://www.smallcapvoice.com/usbf/usbf-6-10-08.php. Elysium Internet CEO Scott Gallagher commented, "In only a few short months since going public we have acquired some of the best Internet real estate in our space. Our first two directories are showing up on page one of the organic listings at Yahoo, MSN.com and Google. The Internet ad space is growing at a record pace. We look forward to the coming launch of Pediatricians.com, Psychiatrists.com and Podiatrists.com to further expand our customer and revenue base and we welcome the opportunity to communicate our business strategy to web sites such as www.SmallCapVoice.com."

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