omniture

The Fortune Exchange Issues Memberships

2007-02-21 15:55 4211


SHENZHEN, China, Feb. 21 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, disclosed that the first two hundred memberships of the Fortune Exchange have been issued. The Fortune Exchange is a members-only organization started by the Chinae.com Technology (Shenzhen) Co., Ltd., a subsidiary of Intermost. The membership entitles members to a range of special benefits and services. These memberships are sold to a very selective group of qualified investors. These investors must meet certain capital requirements. The proceeds from the membership will become another revenue stream for Intermost.

The first two hundred members are consisted of wealthy individual investors, institutional investors, service agents, and prestigious corporations, covering the whole industry chain in the equity exchange market. The Fortune Exchange not only lays a solid foundation for successive services in equity trading, investment consultancy, stock market listings, and global financing, but also paves the way for paid services to the China Equity Exchange Platform ( http://www.chinae.com ).

Mr. Hu Jian of Shenzhen Arbitration Commission said, "The Fortune Exchange provides multiple services and easy access to participate in the equity exchange market. We're honored to be one of the first Fortune Exchange members."

Members of the Fortune Exchange have the right to access to resources of the China Equity Exchange Platform ( http://www.chinae.com ) developed by Chinae.com Technology. There are over two hundred regional equity exchanges in China, these markets are isolated and operate independently. Intermost is actively taking stakes in these markets and pursuing to unify these markets through the Equity Exchange Platform. At present, the company owns a 15% share in the Shenzhen International Hi-Tech Property Right Exchange Center ('Shenzhen Exchange') and a 21% share in the Hainan Special Economic Zone Property Rights Exchange Center ('Hainan Exchange'). Negotiations are underway to increase holdings in the Shenzhen Exchange and acquire other regional exchanges. The China Equity Exchange Platform is constructing a bridge for the communication among these exchanges; it is the China's first attempt to unify these isolated exchanges to a highly-efficient electronic communication network.

Chinae.com Technology has committed itself to provide various equity-related and value-added services to the members. According to Fortune Exchange Regulations, members are entitled to access various kinds of equity information, i.e. non-listed company equities, hi-tech equities, tangible equities, creditor's rights, intellectual property rights, and investment information. Financial training and consultant services are also available to the members. Moreover, the Fortune Exchange members enjoy future appreciation of the membership value because only a limited number of the membership will be issued.

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, 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 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

Source: Intermost Corporation
Related Stocks:
OTC:UCHC
collection