IAS Energy, Inc. Exercises Its Option to Earn a 60% Interest in Power Telecom (www.video1314.com)

IAS Energy, Inc. (OTCBB: IASCA) is pleased to announce that the Company has exercised its third option and will own a 60% interest in Power Telecom Limited. IAS Energy, Inc. has paid US$150,000 and issued 10 million treasury shares. Power Telecom owns a 100% interest in www.video1314.com . IAS Energy, Inc. has an option to purchase up to a 100% interest in the private Hong Kong company.

Video1314.com is a Hong Kong based company that is a Chinese Web 2.0 platform similar to YouTube ( www.youtube.com ) and has launched a Chinese version of Market Place. Video1314's Chinese platform will be expanded as Video1314 plans to launch across Asia in Japanese, Korean and English. Video1314 will grow its business to offer photo and audio sharing for its members. Video1314 focuses on three main areas:

- Free online photo, video and audio sharing,

- A marketplace (similar to Alibaba.com) to buy and sell goods using video, photo and audio technologies

- High resolution TV programs that can be watched over the Internet

Video1314.com has increased the hits to its site from 4 million in November 2007 to 14 million in July 2008.

Samuel Kam, Vice President of Internet Development for IAS Energy, Inc., states, "Our goal is to increase the monthly hits to 50 million per month by the end of 2008 and to generate revenue from advertising."

ABOUT IAS ENERGY, INC.

IAS Energy, Inc. has an option to earn up to a 100% interest in Video1314.com, through Power Telecom Limited, by issuing a total of 50 million shares of IAS and paying US$650,000 in five equal payments over a one year period. IAS has made the first two payments totaling US$200,000, and issued 20 million shares of IAS Energy, Inc. to earn a 40% interest in www.video1314.com .

Video1314.com is a Chinese Web 2.0 platform similar to YouTube. Video1314 has plans to expand its Chinese platform and launch across Asia in Japanese, Korean and English. Besides Video, photo and audio sharing capabilities, Video1314 plans to grow its business to offer a C2C, B2C and B2B marketplace to buy and sell goods for its members.

Additionally, IAS Energy, Inc. has an interest in three producing oil and gas wells in Texas with Anadarko Petroleum Corporation as the operator, and three producing gas wells in Kentucky with Young Operating Co., of Kentucky, as operator. For further information please visit www.iasenergy.com .

ON BEHALF OF THE BOARD OF DIRECTORS

John Robertson, President

Forward-Looking Statements

Statements in this press release regarding IAS Energy, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, and capital expenditures and the timing thereof certain of which are beyond the Company's control, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some cases materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's financial statements on forms 10-KSB and 10-QSB, and Form 8-K filed with the United States Securities and Exchange Commission at www.sec.gov . Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.

All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contacts: IAS Energy, Inc. John Robertson (604) 278-5996 or Toll Free: 1-800-665-4616 (604) 278-3409 (FAX) Website: www.iasenergy.com