IMOT Incubation Project - China Equity Platform Holding Limited Soon to be spun off and go public
December 16 2009 - 10:55AM
PR Newswire (US)
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. For more information, please contact: Mr. Caiyi Zhou
Tel: +852-2827-6898 Fax: +852-2827-6989 Email: Web
http://www.intermost.com/ DATASOURCE: Intermost Corporation
CONTACT: Mr. Caiyi Zhou of IMOT, +852-2827-6898, or fax,
+852-2827-6989, or Web Site: http://www.intermost.com/
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