BEIJING, Feb. 8, 2012 /PRNewswire-Asia/ -- Qihoo 360
Technology Co. Ltd. ("Qihoo 360" or the "Company," NYSE: QIHU), a
leading Internet company in China
as measured by active user base, today announced that all of its
mobile applications for iOS were back on Apple's iTunes
App Store as of 11:00am, February 8,
2012, Beijing Time (10:00pm,
February 7, 2012, EST).
These applications were taken offline by Apple from its iTunes
App Store on February 4, 2012 due to unusual user rating
activities by unknown sources on certain Qihoo 360 applications.
The Company directly contacted Apple officials in the United States on February 6, 2012 and resolved the issue. Apple
started the process of reinstating Qihoo 360's mobile applications
shortly thereafter. The Company was not asked to modify any of
these applications.
"We are very pleased to resolve the issue with Apple and have
all of our iOS mobile applications quickly back on the iTunes
App Store without any need for
modification," commented Mr. Hongyi
Zhou, Chairman and Chief Executive Officer of Qihoo 360. "We
offer well-designed iOS mobile applications that satisfy users'
demand and meet all the requirements of the iTunes App Store. Our 360 Mobile Safe for the iPhone
and 360 HD Browser for the iPad are testaments to the quality of
our products as they continue to gain popularity among Chinese
users. We will continue to develop more mobile applications for
iOS, Android and other mobile platforms to serve our ever-growing
mobile Internet user base."
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading internet
company in China as measured by
its active user base. The Company is also the number 1 provider of
internet and mobile security solutions in China as measured by its active smartphone
user base, according to iResearch. Qihoo 360 also provides users
with secure access points to the internet via its market leading
web browsers and application stores. The Company has built one of
the largest internet open platforms in China. Qihoo 360 monetizes its massive user
base primarily through online advertising and through internet
value-added services on its open platforms.
Forward-looking Statements
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. 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.
For investor and media inquiries, please contact:
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Qihoo 360 Technology Co.
Ltd.
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Tel:
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+86 10-5878-1574
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E-mail:
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ir@360.cn
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Christensen
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Mr. Christian Arnell
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Tel:
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+86 10-5826-4939
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E-mail:
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carnell@ChristensenIR.com
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SOURCE Qihoo 360 Technology Co. Ltd.