Message #3 From:
NewsBot Date: February 22, 2008 02:56:07 PM
Intermost Conducts Special Shareholders Meeting
SHENZHEN, China, Feb. 22 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, today reported that the Company's shareholders called a special shareholder meeting on February 18th 2008 for the following business.
The special meeting of shareholders transacted two businesses, the Bylaws amendments to reduce the number of directors, and the election of new Board Members for the Company.
In special shareholder meeting, shareholders move to amend the Bylaws to reduce the number of directors, within the authorized rang of directors of three to seven, from seven to four. Meanwhile, Mr. Fred Peck, Mr. Chia Hsun Wu, Mr. Rocky Wulianghai, and Mr. Hiroshi Shinohara, were elected as directors of the Company to serve until the next annual meeting and until their successors have been elected and qualified.
The meeting was chaired by Mr. Rocky Wulianghai, CEO of Intermost Corp.
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
