Message #2 From:
NewsBot Date: February 19, 2008 03:01:31 PM
Intermost Receives 2007 Dividends from Invested Shenzhen Exchange
SHENZHEN, China, Feb. 3 /Xinhua-PRNewswire/ -- The Intermost Corporation
(OTC Bulletin Board: IMOT), a leading electronic online equity exchange
service provider in China, announced the receipt of approximately 2,000,000
RMB (approximately USD$280,000) in dividends from the Shenzhen International
Hi-Tech Property Right Exchange Center (Shenzhen Exchange), following on from
the 830,000 RMB (approximately USD$115,000) received in 2006, in which the
IMOT Information Technology (Shenzhen) Co., Ltd., the wholly-owned subsidiary
of Intermost Corporation, has a 15% shareholding position.
Facing the rapid growth of the Shenzhen Exchange, the CFO of the Intermost
Corporation, Mr. Thomas Lee, is pleased to comment, 'It has been proved that
the deal with the Shenzhen Exchange is good deal and it will substantially
increase the equity interest of the Intermost Corporation. As an important
shareholder and close partner, Intermost Corporation will fully collaborate
with the Shenzhen Exchange. The management of Intermost Corporation will try
their best to increase the revenue and profit in the coming period of time
through these deals.'
In December 12, 2006, the IMOT Information Technology (Shenzhen) Co., Ltd.
expended approximately USD$800,000 to replace the formerly issued 2,470,355
shares of the Intermost Corporation stock to gain a 15% shareholding position
in the Shenzhen Exchange. The Shenzhen Exchange has demonstrated excellent
performance in 2007 and it ranks as the best performing equity exchange
institution in South China. With its business spreading throughout nine
provinces in South China, it is among the few profitable equity institutions
in China.
Founded in the USA in September 1998, the Intermost Corporation was the
first Chinese Internet company listed on the US OTC Bulletin Board (stock
symbol: IMOT) in December 1998. The Intermost Corporation has focused its
services on the booming Equity Exchange Market in China, including equity-
related solution development, equity quotes and information provision,
electronic online equity exchange services, direct investment in regional
equity exchanges, business incubation services for well-performing innovative
enterprises, investment consulting services for overseas listings, the equity
portal website -- China Equity Exchange Platform ( http://www.chinae.com ),
and other services.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that, if they never materialize or if they prove
incorrect, could cause the Company's results to differ materially from those
expressed or implied by such forward-looking statements. All statements other
than statements of historical fact are statements that could be deemed
forward-looking statements, including any projections of earnings, revenue, or
other financial items, any statements of the plans, strategies, and objectives
of management for future operations, any statements concerning proposed new
products, services or developments, any statements regarding future economic
conditions or performance, statements of belief and any statements of
assumptions underlying any of the foregoing. These statements are based on
expectations as of the date of this press release. Actual results may differ
materially from those projected because of a number of risks and uncertainties,
including those detailed from time to time in the Company's reports filed with
the Securities and Exchange Commission. The Company assumes no obligations
and does not intend to update these forward-looking statements.
For more information, please contact:
Mr. Thomas Lee and Mr. Zhou Caiyi Intermost Corporation Tel: +86-755-8221-0238 Email: ir@intermost.com
