The Intermost Corporation (BULLETIN BOARD: IMOT) , a leading electronic online equity exchange service provider in China, announced the receipt of approximately 2,000,000 RMB (approximately USD$280,000) in dividends from the Shenzhen International Hi-Tech Property Right Exchange Center (Shenzhen Exchange), following on from the 830,000 RMB (approximately USD$115,000) received in 2006, in which the IMOT Information Technology (Shenzhen) Co., Ltd., the wholly-owned subsidiary of Intermost Corporation, has a 15% shareholding position.
Facing the rapid growth of the Shenzhen Exchange, the CFO of the Intermost Corporation, Mr. Thomas Lee, is pleased to comment, "It has been proved that the deal with the Shenzhen Exchange is good deal and it will substantially increase the equity interest of the Intermost Corporation. As an important shareholder and close partner, Intermost Corporation will fully collaborate with the Shenzhen Exchange. The management of Intermost Corporation will try their best to increase the revenue and profit in the coming period of time through these deals."
In December 12, 2006, the IMOT Information Technology (Shenzhen) Co., Ltd. expended approximately USD$800,000 to replace the formerly issued 2,470,355 shares of the Intermost Corporation stock to gain a 15% shareholding position in the Shenzhen Exchange. The Shenzhen Exchange has demonstrated excellent performance in 2007 and it ranks as the best performing equity exchange institution in South China. With its business spreading throughout nine provinces in South China, it is among the few profitable equity institutions in China.
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.
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