SHENZHEN, China, May 25 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, released its third quarterly report on May 21st. The report reveals the new management has endeavored to reduce all administration costs as much as possible, to explore new business for the Group, and the net effect shall be seen in the next quarterly report.
Total revenue in this quarter remains stable with respect to the previous quarter, US$728,000, slightly better than the same quarter of 2006.
The company also received a Short Term Loan interest of US$18,000 and Dividends from the Shenzhen Exchange of US$106,000.
The company is still dealing with the historical problems but with good progress. A more updated report can be seen from this quarterly report.
The listing process of Golden Anke is still in action but needs several months time to complete the IPO process.
The company is reaching a turning point in its business development; this is the period that a lot of technical issues are being resolved by different parties to make the deals work successfully and that is why no exciting news can be released until its completion.
Acting CEO of the Intermost Corporation, Mr. Xiangxiong Deng said that the management would like to inform investors to look at these deals in a conservative manner because it could be successful or could fail depending on both parties’ final agreement. The management will, however, try their best to increase the revenue and profit in the coming period of time by carefully handling these deals.
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 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.
For more information, please contact:
Mr. Chris Liu / Ms. Summer Zhang
Intermost Corporation
Tel: +86-755-8221-0238
Email: ir@intermost.com
