• Dow 8,280.74 -223.32
  • Nasdaq 1,796.52 unch
  • S&P 896.42 -26.91

China Finance Online Reports Unaudited Second Quarter 2008 Results and Realtor.com Traffic Surges in July, Surpassing Real Estate Category by 10%


City of Industry, CA --(www.USEquityNews.com)-- 08/29/2008 - Internet Information Provider industry alert provided by U.S. Equity News. China Finance Online Co. Limited (NASDAQ: JRJC), a leading Chinese online financial information and listed company data provider, recently announced its financial results for the second quarter ended June 30, 2008. Explanation of the Company's non-GAAP financial measures and the related reconciliations to GAAP financial measures are included in the accompanying ''Reconciliation to Unaudited Condensed Consolidated Statements of Operations'', ''Non-GAAP Measures" and "Reconciliations from operating profit to EBITDA and adjusted EBITDA''. During the second quarter of 2008, China Finance Online reported net revenues of $14.68 million, exceeding the high end of the Company's previous guidance of $13.0 to $13.5 million, compared to $5.72 million for the same period in 2007, and $11.06 million for the first quarter of 2008, up 156% year-over-year and 33% quarter-over-quarter.


US Dataworks, Inc. (AMEX: UDW), a leading innovator of payment processing solutions, announced recently that it has submitted to the American Stock Exchange, a Compliance Plan in response to the Exchange's letter of July 23, 2008 informing the Company that it is not in compliance with certain of the Exchange's continued listing standards as set forth in Part 10 of the AMEX Company Guide (the "Company Guide") and the Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide. "We have prepared a Compliance Plan to address the requirements outlined by the Exchange in their letter of July 23, 2008. The Plan was respectively submitted to the Exchange on August 27, 2008," says US Dataworks Chairman and CEO Charles Ramey. "It is our belief that we have provided a Plan that will result in the Company's compliance within the timeframe requested by the Exchange."

Consumer interest in real estate surged in July with significant month-over-month increases in both traffic (29%) and time spent on site (26%) on Realtor.com[1], the #1 homes-for-sale-site. In fact, year-over-year page views on Realtor.com and the Move Network increased by 22% and 11% respectively,[1] as consumers spent more time searching properties in popular and unexpected metro areas than this time last year. Local markets in July experiencing the largest year-over-year percentage increases in consumer searches on Realtor.com included Stockton-Lodi, CA (140.9%), Las Vegas, NV (93.9%), Fort Myers-Cape Coral, FL (69.5%), Detroit, MI (51.8%) and Washington, DC-MD-VA-WV, VA (49.1%). Click to: http://marketing.realtor.com/julysearch/ for the full list. REALTOR.com(R), where the world shops for real estate online, is operated by Move, Inc., (NASDAQ: MOVE) and is the official Web site of the National Association of REALTORS(R).

Equity Solutions Inc. announces it is currently featuring IAS Energy, Inc. (OTCBB: IASCA) www.iasenergy.com on USEquityNews.com. On July 7, 2008, IAS Energy announced that www.video1314.com had record web site traffic with over 14.3 million monthly hits to its site in June, 2008. "We are on track to becoming one of the top destination sites in Asia," said Samuel Kam, Vice President of Internet Development for IAS Energy, Inc. "We are now averaging more than half a million clicks to our site each day and expect this to increase substantially in the coming months through the introduction of more user-friendly interfaces in the future." Video1314.com is a fast growing Chinese Web 2.0 platform (similar to www.youtube.com) that allows users to share videos, music, audio as well as sell goods and services using videos in its marketplace. Since its launch, Video1314 has attracted millions of users and is fast becoming one of Asia's top Web2.0 destinations. Video1314.com currently serves the Greater China region, which includes mainland China, Hong Kong, Macau and Taiwan.

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com



Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.


Comment on this article:
What is 2 + 2? (two plus two)
Name:
Comment:
 


E-mail this release
Your Name:
From Email:
To Email:
Message:
 
Market News Update