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IMOT Incubation Project - China Equity Platform Holding Limited Soon to be Spun Off and Go Public

2009-12-17 00:02 1883

SHENZHEN, China, Dec. 16 /PRNewswire-Asia/ -- Intermost Corporation (OTC Bulletin Board: IMOT, which filed an application to change its name to Uni Core Holdings Corporation, and referred to as "UCHC"), an experienced "company doctor" and aggressive "incubator" of mid- to large-size companies in China, delightedly announce that China Equity Platform Holding Limited (referred to as "China Equity Platform"), a company that Intermost Corporation holds 60% equity of, is applying to be listed in the OTCBB of NASDAQ in the United States.

China Equity Platform has already invested in, and holds 15% equity of Shenzhen International Hi-Tech Property Right Exchange Center, 21% equity of Hainan Special Economic Zone Property Rights Exchange Center and has established strategic partnerships with over 30 property rights exchange centers across China. China Equity Platform will become the first property rights exchange holding company in China after it is listed. It is worth mentioning that Shenzhen International Hi-Tech Property Right Exchange Center has recently established the first regional, non-public, scientific and technological enterprises OTCBB in China -- Shenzhen Over The Counter Bulletin Board (referred to as "SOTC"). There are 72 enterprises and technological projects being listed among the first batch on the SOTC, which are all enterprises and projects that have technology at their core. A few of the listed companies have already met the listing requirements on the China GEM or even the Main Board.

Mr. Thomas Lee, Chief Operating Officer of Intermost Corporation, is pleased to say, "After completely resolving all of the historical problems, we had transformed the company into a committed 'company doctor' and 'incubator' for those potential industry leaders; the progress of development has been very promising. China Equity Platform Holding Group Limited, a company that has gone through our incubation process for over one year, is being spun off and will go public. Intermost Corporation will then fully leverage the effect of China Equity Platform being an Exchange Holding Company, to explore potential quality incubation projects from those companies listed on the various property rights exchange and to nurture these projects to become industry leaders in China, thus building Intermost Corporation as the largest industry leader grooming platform for incubation in China. As a result, its shareholders will continue to share the benefits brought by the success of these incubation projects."

Intermost Corporation Distributes Free China Equity Platform shares to IMOT shareholders

Intermost Corporation has not made any dividend payment since its listing, so at the start, the Board has decided to distribute their shares of China Equity Platform after it is listed to its shareholders at no cost, so that the shareholders can start to enjoy the fruitful results brought by the success of this incubated project.

About Intermost Corporation (Planned to change its name to Uni Core Holdings 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 (Planned to change its name to Uni Core Holdings Corporation) has focused its services on "company doctor" and "incubator" of mid- to large-size companies that have good potential and profitable products in the market which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; fund raising or financing; assistance to get public listing for mid- to large-size companies, etc.

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
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