Qihoo 360's Mobile Apps Back on Apple's iTunes App Store

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.

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SOURCE Qihoo 360 Technology Co. Ltd.

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