SHENZHEN, China, Jan. 16 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced that its subsidiary Chinae.com Technology (Shenzhen) Co., Ltd. (Chinae.com Technology) has received the payment of solution development from the Shenzhen International Hi-Tech Property Right Exchange Center (Shenzhen Exchange) on 12th this month. On 25th last month, the Shenzhen Exchange tested and accepted the Equity Registration and Depository System developed by Chinae.com Technology. The System is now running steadily and brings extreme business value for the Shenzhen Exchange.
The China Equity Exchange Market is getting into maturity. “Equity Registration and Depository Processes” as a required fundamental infrastructure, there are highly potential demands of electronic equity registration and depository solutions from equity institutions. The successful case of the Shenzhen Exchange, which is one of the top four influential equity institutions in China, brings Chinae.com Technology into a very positive market position. We can foresee the potential revenue growth from our software solution and professional service selling.
Mr. Chris Liu, CEO of the Chinae.com Investment Consultant (Shenzhen) Co., Ltd. said, “Our sister company Chinae.com Technology offers comprehensive equity solutions and services to the exchange institutions, while Chinae.com Investment is specialized in investment consultancy. The two companies are perfectly engaged to provide total solutions to the market.”
“The Chinae.com Technology’s Equity Registration and Depository System more than satisfies our operation,” said a senior officer from the Shenzhen Exchange, “The System increases the exchange efficiency and accelerates the sales. It is of great help to our business expansion.”
“The spring of China Equity Exchange Market is round the corner, and we smell the big money right behind the payment of the Shenzhen Exchange,” said Mr. Xiangxiong Deng, acting CEO of the Intermost Corporation.
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.
For more information, please contact:
Mr. Chris Liu / Ms. Carmen Liu
Intermost Corporation
Tel: +86-755-8221-0238
Email: ir@intermost.com
