omniture

China Multi-Layer Capital Market Construction Takes Top Priority in 2007

2007-01-19 19:17 4885


SHENZHEN, China, Jan. 19 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announces good news from the China Securities Regulatory Commission (CSRC). "The Chinese government has given top priority to constructing a Multi-Layer Capital Market in 2007".

On January 16, 2007, Chairman of the CSRC Mr. Fulin Shang gave an open statement on the Shanghai Securities News. "China shall optimize the capital market by building up a multi-layer system consisting of the Main Board Market, the Growth Enterprise Market, the Over-the-Counter Exchange Market and the Equity Exchange Market." This indicates that the China Equity Exchange Market has been recognized as an indispensable part of the Multi-Layer Capital Market. It is foreseeable that the government policies in 2007 will be in favor of the construction of the China Equity Exchange Market, the primary business environment of the Intermost Corporation.

Chinae.com Technology (Shenzhen) Co., Ltd., a wholly-owned subsidiary of the Intermost Corporation, is the leading service and solution provider in China Equity Exchange Market. Distinguishing it from others is that Intermost not only provides professional equity solutions, but consulting services for equity investment, and fund raising through stock exchange listings. The latter is what one of Intermost's subsidiaries, Chinae.com Investment Consultant (Shenzhen) Co., Ltd. is engaged in.

The China Capital Market has created a total market value of more than US$1.25 trillion, accounting for 50% of GDP. Yet the existing capital and market structure are not able to fulfill the financing needs of over 300,000 non-listed companies and 23,000,000 small and medium sized companies in China.

The statement of Chairman of the CSRC well proves the vision and strategies of Intermost. It also identifies the bright and potential opportunities and future of Intermost.

About the Intermost Corporation

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, consulting services for small and medium enterprises financing through overseas listings, and equity portal website ( http://www.chinae.com ), and otherwise.

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.

Source: Intermost Corporation
Related Stocks:
OTC:UCHC
collection