BEIJING, AUGUST 29, 2000 -
SOHU.com (Nasdaq: SOHU), the most popular Internet portal in China announced
today the appointment of Hong Kong-based online advertising solutions provider
AdMomemtum as their overseas ad sales agent. The appointment takes effect on
September 1st, 2000 for a period of 12 months. AdMomentum can sell on behalf of
SOHU.com in all countries outside of China.
This is the third non-exclusive appointment made by SOHU.com this year. BMC
Media was appointed first in June, followed by the appointment of 24/7 Media
earlier this month. "SOHU.com has an in-house professional sales force of 30
plus people based in Beijing, Shanghai and Guangzhou. However, in realizing our
worldwide sales potential we have to expand overseas and the best way to do it
is to appoint sales agents with good geographic coverage. Appointing AdMomentum
is a further step in this direction." said Mr. Edwin Chan, SVP of Marketing and
Sales, SOHU.com.
AdMomentum has a strong Asian focus. It specializes in interactive
advertising services, providing innovative solutions to regional advertisers and
web publishers alike. Mr. David Teng, CEO of AdMomentum said, " We are pleased
with this appointment. SOHU.com is a leading Internet portal in China with a
massive reach of net users. This market strength along with its strong branding
would be very attractive to our Asian clients. We are confident in bringing
SOHU.com more revenue."
SOHU.com is a Mainland China-focused portal with a comprehensive offering of:
1) a state-of-the-art Navigation & Search in Chinese; 2) 13 Content-specific
Channels --News, Business &Finance, Sports, Women, IT, Learning, etc.; 3) a
Virtual Community of Chat, ICQ, Free Homepage, Free Email, etc.; 4) E-Shopping
with Sohu Mall; 5) WAP Internet service, the first ever launched in China in
conjunction with Nokia. SOHU.com currently poses 25 million page views per day
and has a registered user base of 4.5 million members.
Mr. Charles Zhang, Founder and CEO of SOHU.com commented, "We see huge
potential in online advertising in China. There is an immense demand in the rest
of the world to do business here. As we don't have a sales force outside of
China, ad sales agents like AdMomentum can help us tap this reservoir of
budget."
About SOHU.com SOHU.com is the leading Internet portal in
Mainland China with current daily page views exceeding 12 million. It provides
navigation/search, news, sports, business and finance, real estate channel,
entertainment, chat, email and e-commerce activities for a solid and wide base
of visitors. Dr. Charles Zhang founded SOHU.com in 1997. Its investors include
Intel, Dow Jones, IDG, the Morningside China Group, PCCW, Legend and Hikari. Its
content partners include CNET, DOW Jones and dozens of local media organizations
in China.
For further information: Dahlia Wei SOHU Investor
Relations and Communications Tel: +86 10 6272 6598 E-mail:
ir@sohu-inc.com
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