BEIJING,
April 3, 2012 /PRNewswire-Asia/ --
Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company," NYSE:
QIHU), the leading Internet company in China as measured by active user base,
strongly rejects the allegations raised in a Forbes article today.
The Company intends to take all necessary legal measures to defend
itself against intentionally misleading and false allegations or
any attempts to manipulate its stock prices, and to protect the
interests of its shareholders.
Over the past five months, the Company has been subject to
a series of accusations made by various firms and individuals such
as Citron, Deloitte-Watch and Richard
Pearson, the author of today's article. The company has
rejected all those allegations and firmly stands by all of the
information contained in its filings with the U.S. Securities and
Exchange Commission. The Company is fully committed to continuously
increasing the transparency of its financial reporting.
About Qihoo 360
Qihoo 360 Technology Co. Ltd. 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 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," "on track" 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:
|
Qihoo 360 Technology Co.
Ltd.
|
Tel:
|
+86
10-5878-1574
|
E-mail:
|
ir@360.cn
|
|
|
Christensen
|
Mr. Christian
Arnell
|
Tel:
|
+86
10-5826-4939
|
E-mail:
|
carnell@ChristensenIR.com
|
SOURCE Qihoo 360 Technology Co. Ltd.