SHENZHEN, China, Jan. 25 /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, explains the policies and regulations relating to the agricultural resources chain operations of its recently acquired company, Shaanxi Prosperous Agriculture Limited Company ("Prosperous Agriculture").
The Chinese government has for the past seven years issued the Central First Document with the main focus of supporting the development of agriculture, rural areas, and rural residents. The government has, since the successful amendment of 'The People's Republic of China Agriculture Law' by the National People's Congress on December 28, 2002, further pointed out that: to stimulate domestic demand, the key lies in rural areas, there should be proactive development of agricultural products and agricultural resources chain operation in order to enhance the modernization and efficiency of the circulation mechanism.
On December 17, 2003, the State Administration for Industry & Commerce of the People's Republic of China, and the All China Federation of Supply and Marketing Cooperatives jointly issued "Opinions on Promoting Development of Agricultural Resources Chain Operation" and suggested that products currently appropriate for developing chain operation include: seeds, fertilizers, pesticides, agricultural film, and farm machinery, among others. Local agriculture, industrial and commercial administration departments should fully understand the main purpose of developing the chain operation of agricultural resources, should highly regard the tasks of promoting agricultural resources chain operation and cultivating industry leaders to create a favorable external environment for the development of this operation.
On December 24, 2008, the State Council stressed that its purpose was, "To promote the reform of fertilizer distribution system. To allow various types of investors to enter into the field of biological fertilizer circulation, encourage and support the development of large-scale biological fertilizer distribution companies."
Especially since 2009, policies of supporting agriculture and benefiting farmers are frequently introduced, especially since the beginning of 2009. On March 9, 2009, eight ministries and commissions, including the Ministry of Commerce, the National Development and Reform Commission, Ministry of Finance, and Ministry of Agriculture, jointly issued a document pointing out that all relevant departments should make their best efforts to promote the construction of agricultural resources circulation networks and to improve the circulation system, building an agricultural resources distribution enterprises with sales in the billions within three to five years' time.
It is because of the support of Chinese national policy that China's agriculture stocks listed in the U.S. continue to outperform, in the less than one year since 2009, the price of these stocks has gone up several times and in some cases even over ten times. Representative cases are: China Agritech Inc., China Green Agriculture Inc., China Organic Agriculture Inc., Origin Agritech Limited, AgFeed Industries, Inc., Agria Corporation, and Yongye International, Inc.
The Management of Intermost Corporation believes that: "In recent years, China's increasing efforts in supporting agriculture through its policies have created one after another 'Wall Street legend,' however, there is not even one agricultural resources distribution platform company listed in the U.S. stock exchange. With the fact that the Chinese government continues to place more and more emphasis on supporting agriculture resources chain operation, Prosperous Agriculture, leveraging the status of being the Number One brand in agricultural consulting, its highly competent management team and strong implementation capability, will no doubt achieve its goal in becoming the largest agricultural resources distribution platform earlier than expected."
About Intermost Corporation (with plans 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 (with plans to change its name to Uni Core Holdings Corporation) has evolved into a '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; raise fund 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: email@example.com Web: http://www.intermost.com
SOURCE Intermost Corporation