SHENZHEN, China, Jan. 13 /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"), founded in the USA in September 1998, listed on the US OTC Bulletin Board (stock symbol: IMOT) in December 1998. Intermost Corporation has focused its services on being 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; fund raising or financing; assistance to get public listing for mid- to large-size companies, etc.
The first incubation project of Intermost Corporation is China Equity Platform Holding Limited (referred to as "China Equity Platform"), a company that Intermost Corporation holds 60% equity of, which is applying to be listed in the OTCBB of NASDAQ in the United States. China Equity Platform will be the first Chinese Exchange Holding Company. Intermost Corporation has decided to distribute all sixty million shares of China Equity Platform after it is listed to shareholders of Intermost Corporation as Dividends.
The second incubation project of Intermost Corporation is Shaanxi Prosperous Agriculture Limited Company (referred to as "Prosperous Agriculture"), a company that Intermost Corporation holds 51% equity of, which is building the largest agricultural resources sales and distribution platform in the China rural markets. Prosperous Agriculture commits to achieve a sales revenue of RMB600 million (approx. US$88 million) and a net profit of at least RMB48 million (approx. US$7 million) in 2010; a sales revenue of RMB1.4 billion (approx. US$200 million) and a net profit of at least RMB110 million (approx. US$16 million) in 2011; a sales revenue of RMB3 billion (approx. US$440 million) and a net profit of at least RMB240 million (approx. US$35 million) in 2012, and strives to double the sales revenue and net profit on a yearly basis.
Attached for investors' reference is a list of China agriculture companies listed in the United States, China Agritech Inc. (NASDAQ), China Green Agriculture, Inc. (NYSE), China Organic Agriculture, Inc. (OTC), Origin Agritech Limited (NASDAQ), AgFeed Industries, Inc. (NASDAQ), Agria Corporation (ADR) (NYSE), Yongye International, Inc. (NASDAQ).
The third incubation project of Intermost Corporation is APT Paper Group Limited ("APT Paper Products Company") (referred to as "APT"), a company that Intermost Corporation holds 100% equity of, which is one of the leading Environmental Paper Products companies in China. The clients of APT including Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense and other well-known companies. The total consolidated sales amounts of APT are RMB252 million (US$37 million), the consolidated Gross Profit is RMB82 million (US$12 million), and the consolidated Net Profit after Tax is RMB41 million (US$6 million).
Intermost Corporation after it's restructuring in Management and Business strategy, now reborn from a shell into a high profitable and high growth company.
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: firstname.lastname@example.org Web: http://www.intermost.com
SOURCE Intermost Corporation