omniture

InterAnke Securities & Surveillance Technology Co., Ltd. Collected Receivables Over 48 Million RMB

2007-07-05 17:11 842

SHENZHEN, China, July 5 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), announced that one of their subsidiaries, the InterAnke Securities & Surveillance Technology Co., Ltd. (Its original name is Shenzhen Golden Anke Technology Ltd., changed on March 16, 2007 through the registration of China Administration for Industry and Commerce.), a 51% owned subsidiary of IMOT Information Technology (Shenzhen) Co., has successfully collected its long overdue receivables (some of them over 200 days) of RMB48 million in June.

The result came from the great efforts made by the new management team led by the new President & CEO, Mr. Rocky Wulianghai and the new Corporate Secretary & CFO, Mr. Thomas Lee. They formed a new management team that included legal, administration, finance, and sales & marketing talents to drive a new business strategy for the company. Of course, this new team still has to deal with unresolved issues as well as the development of new and profitable business. One of the apparent results was the efforts in the collection of the long overdue receivables amounting to RMB48 million in June.

The newly engaged lawyers and auditors also gave great support and advice to the new management team and were very conscientious and responsible in their work.

President & CEO, Mr. Rocky Wulianghai commented that he feels very comfortable with the new management team’s ability and marketing strategy, and believes that the company’s business will grow smoothly.

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. 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 other services.

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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