SHENZHEN, China, Dec. 14 /Xinhua-PRNewswire/ -- Intermost Corporation
(OTC Bulletin Board: IMOT), a leading electronic online equity exchange
service provider in China, brought the news from the China Securities
Regulatory Commission (CSRC) that “the construction of a Multi-Layer Capital
Market is an important task at present”, which was said by Shang Fulin,
Chairman of the CSRC at the Fifth Forum on the Small and Medium Enterprises
Financing. The Chairman’s statement indicated the determination of the
Chinese government to develop the Multi-Layer Capital Market, including the
Growth Enterprise Market (GEM) and the Equity Exchange Market (EEM).
The China Multi-Layer Capital Market consists of three layers: first, the
main board market, i.e. the Shanghai and Shenzhen Stock Exchanges, where
stocks and shares of listed companies are issued and exchanged; second, the
Small and Medium Enterprise board (SME board), which was established in the
Shenzhen Stock Exchange in 2004, and will develop into the second board
market; third, the Over-the-Counter exchange market which includes an Agency
Share Transfer System, and the Equity Exchange Market which includes over two
hundred equity exchange institutions in China. Having undergone years of
lopsided development in the China capital market, the supervision department
has realized the importance of the Growth Enterprise Market, the
Over-the-Counter exchange market and the Equity Exchange Market. Only the
full development of these markets can meet the financing needs of small and
medium enterprises and the huge investment needs of capital.
Mr. Xiangxiong Deng, acting CEO of the Intermost Corporation said, “Any
mature capital market consists of more than a main board market. China’s
rapid economic development is calling for the Multi-Layer Capital Market, of
which the Equity Exchange Market is the fundamental basis. The Intermost
Corporation has captured the leading position in the fast-moving Equity
Exchange Market. Mr. Shang’s presentation gave indication that the Chinese
government will exert best efforts to develop the Equity Exchange Market. We
are well prepared and will seize every opportunity to strengthen our leading
market position.”
About Intermost Corporation
Founded in the USA in September 1998, Intermost Corporation was the first
Chinese Internet Company listed on the US OTC Bulletin Board (stock symbol:
IMOT) in December 1998. 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
