IMOT.OB holds 15% shares in China Shenzhen stock exchange

[hottea]

SHENZHEN, China, Jan. 25 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced the reception of an approximately 830,000 RMB dividend from the Shenzhen International Hi-Tech Property Right Exchange Center (Shenzhen Exchange), in which Intermost has a 15% shareholding position. This is revenue from the Shenzhen Exchange following the sales of equity solutions.

The Shenzhen Exchange has demonstrated excellent performance in 2006. The trading value totaled 45.8 billion RMB with a 39% increase since the year 2005. The annual revenue exceeded 25 million RMB and the net profit is approximately 12 million RMB, increasing by 38% and 220%, respectively. It has emerged among the few profitable equity exchange institutions in China that distributes dividends. This is the first dividend distribution from the Shenzhen Exchange.

The Intermost Corporation is not only an important shareholder of the Shenzhen Exchange, but also a close partner in businesses such as equity exchange, financing through stock exchange listings, equity solution development, and other follow-up financial services. Revenue streams built on these businesses are of great potential.

Such a successful cooperative model shall be cloned and extended to equity exchange institutions around China, especially the nine provinces and regions covered by the China Property and Share Rights Exchange (an entity operated by the Shenzhen Exchange).

The Intermost Corporation continues focusing on providing value-added solutions and services to the Equity Industry Chain in China. The subsidiaries, the Chinae.com Technology (Shenzhen) Co., Ltd. delivers total solutions to equity institutions including content, media, public relation marketing, related software and implementation; while the Chinae.com Investment Consultant (Shenzhen) Co., Ltd. provides professional consulting services including corporate restructuring, financing and stock exchange listings, among others.

The rapid development of the Multi-Layer Capital Market and equity exchange business has brought the China Equity Exchange Market a long way from its inception. The market is now reaping the rewards. Years ago, the Intermost Corporation started the resource allocation and operation of the equity service chain. Now it has seized the leading market position and welcomes a swift development.

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 otherwise.

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. Carmen Liu
     Intermost Corporation
     Tel:   +86-755-8221-0238
     Email: [email protected]


Source: Intermost Corporation

[hottea]

Maybe a little late after the 170% gain, but thought that it's interesting how it holds 15% of Shenzhen exchange stocks and another 21% of something.

[nullzero]

Wow some nice gains today and the volume kicked in.

[setravis]

I was moving this thread from the Stock Picking Board to the Penny Stock Picking Board a few moments ago and forgot to leave the chart.



Today's closing chart.

[zibeaster]

this stock is over valued. The shenzhen stock exchange only makes about $3.8 million a year, if you give it a P/S ratio of 5 (Nasdaq trades at 2.6 PS ratio), it only values at $19million. 15% of that is $4 million.

IMOT has 180m shares, with a price of $0.30, it is $48million market cap. considering it is losing money all the time, a $10million market cap is more reasonable.

[hottea]

I like how it's staying above .24, upper 50% of the long candle stick.
though I sold the last shares at .24 this morning to get into ONCM.

[hottea]

this stock is over valued. The shenzhen stock exchange only makes about $3.8 million a year, if you give it a P/S ratio of 5 (Nasdaq trades at 2.6 PS ratio), it only values at $19million. 15% of that is $4 million.

IMOT has 180m shares, with a price of $0.30, it is $48million market cap. considering it is losing money all the time, a $10million market cap is more reasonable.

"Growth" is the magic word in chinese stocks.  Owning a percent in a top three stock exchange is pretty solid.  IMO

[hottea]

 SHENZHEN, China, Feb 06, 2007 /Xinhua-PRNewswire via COMTEX/ -- The Intermost Corporation  (IMOT  :
intermost corp com
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Last: 0.38+0.08+26.67%
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IMOT0.38, +0.08, +26.7% ) , a leading electronic online equity exchange service provider in China, is pleased to announce that its joint venture, the Shenzhen International Hi-Tech Property Rights Exchange Center (''Shenzhen Exchange''), reported a total trading volume of 45.8 billion RMB in 2006, a 40% increase over the previous year. Last year, the Shenzhen Exchange served 7,331 enterprises and renewed records in revenue and profit.
The Shenzhen Exchange ranks among the top three equity exchanges in China, as well as the best performing hi-tech equity exchange. Currently there are 160 stock companies under its depository with approximately ten billion shares. Half of them are well performing hi-tech enterprises. Ten companies have gone public on overseas stock markets, including MINDRAY MEDICAL INTL listed on the NYSE, and LAUNCH TECH, POWERLEADER, and MINGWAH HI-TECH, which all listed on the HKEX. The Shenzhen Exchange is projected to expand its depository to 2000 companies in three years' time.
To provide endless listing-eligible resources to the capital markets in China and abroad, in 2006 the Shenzhen Exchange started the program of ''Growth Road Map of Innovative Enterprises''. In only three months, the applications of sixty enterprises have been accepted. Thirty-eight of them were granted a subsidy of 20.50 million RMB, and six of them successfully went public. The ''Growth Road Map of Innovative Enterprises'' opens a green channel for hi-tech enterprises to enter the Multi-Layer Capital Market.
Mr. Xiangxiong Deng, acting CEO of the Intermost Corporation was rather pleased to witness the rapid growth of the Shenzhen Exchange. He said, ''The Chinese government has started the year 2007 with solid support for the Equity Exchange Market, and thus will welcome unprecedented opportunities. The Intermost Corporation has engaged in the equity exchange business since 2003. It's high time that we reap the harvest!''
The Intermost Corporation holds a 15% share in the Shenzhen Exchange. Mr. Deng also indicated that they retained the possibility of increasing the shareholding position in the Shenzhen Exchange, as well as the possibility of direct investment in other leading equity exchanges 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 otherwise.
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. Carmen Liu
     Intermost Corporation
     Tel:   +86-755-8221-0238
     Email: [email protected]



SOURCE Intermost Corporation
Mr. Chris Liu or Ms. Carmen Liu of Intermost Corporation, +86-755-8221-0238, or [email protected] http://www.chinae.com Copyright (C) 2007 PR Newswire. All rights reserved End of Story 

[gmarc66]

IMOT doing nicley today...just hit the gspot of about .42..so far holding this area well so far.

glta

julia

[hottea]

It's nice.  The volume is still there.

[la-onda]

nice news, nice bounce from ema 20 line

New Management, New Vigor - Intermost in Full Swing
Thursday February 15, 9:48 am ET

SHENZHEN, China, Feb. 15 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT - News), a leading electronic online equity exchange service provider in China, released its second quarterly report yesterday. The report reveals improving financial performance under the administration of the new management. Total revenue in this quarter reached approximately USD $700,000, an increase of 150% compared to the previous quarter's USD $280,000; and net income is around USD $330,000. The report also demonstrates that the company is running soundly and nearly debt free.

The new management of Intermost joined the company and took charge in September, 2006. Since their appointment, they've been tackling the historical problems of the company and exploring new business opportunities. The Intermost Corporation is constructing a nationwide electronic exchange platform in China by increasing shareholding in regional equity exchanges and assist them in realizing electronic trading and global financing. At present, Intermost owns a 15% share in the Shenzhen International Hi-Tech Property Right Exchange Center ("Shenzhen Exchange") and a 21% share in the Hainan Special Economic Zone Property Rights Exchange Center.

Business incubation, a value-added service of the equity business, has also made great progress. The Shenzhen Golden Anke Technology Ltd., in which Intermost holds a 51% share, has expanded rapidly during the two years' incubation. Intermost has agreed with other shareholders on the listing of Golden Anke. When it successfully goes public, its funding capability will be substantially increased, as well as the equity interest of the Intermost Corporation.

In addition to equity-related business and enterprise incubation, VoIP (Voice over Internet Protocol) business also brought in a pleasing revenue, i.e. above USD $450,000.

Acting CEO of the Intermost Corporation Mr. Xiangxiong Deng, who is also the Board Vice-Chairman of the Shenzhen Exchange, said with great satisfaction, "In only four months of operation, the new management has grasped golden opportunities to boost our businesses. We will endeavor to increase the shareholding position in the Shenzhen Exchange, and to strengthen relations with other leading equity exchanges. Revenues from equity-related business will increase substantially and it will be reflected in financial reports from next quarterly. We are anticipating a brand new horizon."

[la-onda]

fyi:
On February 15, 2007, the wholly-owned subsidiary of the Intermost Corporation, IMOT Information Technology (Shenzhen) Co., Ltd. ("IMOT Information"), entered into an agreement on the restructuring and listing of the Shenzhen Golden Anke Technology Ltd. ("Golden Anke"). IMOT Information owns a 51% shareholding position in Golden Anke.

According to the agreement:

1. A new company will be established in Hong Kong ("Hong Kong Company"), which will go public on the London AIM or a stock exchange in America.

2. IMOT Information will invest two million RMB, while other shareholders of Golden Anke will invest five million RMB, and a load of three million RMB into the Hong Kong Company. The Hong Kong Company will acquire 100% equity interest in Golden Anke, which will be renamed "Shenzhen Golden Anke Security Technology Co., Ltd.".

3. The Hong Kong Company will be restructured: IMOT Information will hold a 49% share, and other shareholders 51%. The Board of Directors of the Hong Kong Company will consist of three members, one from IMOT Information and two from other shareholders.

4. After the corporate restructuring, IMOT Information's equity interest in Golden Anke will be changed from 51% into 49%.

[la-onda]

rebounded today, will continue to hold, latest news are positive 

[la-onda]

good news, nice chart 

Local Governments Strengthen Supports for Shenzhen International Hi-Tech Property Right Exchange Center
Wednesday March 7, 11:00 am ET

SHENZHEN, China, March 7 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT - News), a leading electronic online equity exchange service provider in China, announced that its associate company and close equity exchange partner, Shenzhen International Hi-Tech Property Right Exchange Center ("Shenzhen Exchange"), has received further generous support from Guangdong provincial and Shenzhen Municipal governments.


To foster growth of hi-tech companies, Chinese governmental authorities initiated a "Growth Road Map of Innovative Enterprises Program" on the Shenzhen Exchange. The Shenzhen Exchange is allowed to expand its business to cover the whole South China area in the co-name of China Property and Share Rights Exchange ("CPSE"). A budget of RMB 15 million has been granted to CPSE as well as a free office space of 3,000 square meters and a site of 10,000 square meters for CPSE to build an equity exchange building. As an important shareholder and close partner, Intermost will fully collaborate with the Shenzhen Exchange.

The "Growth Road Map of Innovative Enterprises Program" is a Green Financing Channel for small and medium enterprises from the Multi-Layer Capital Market. It is committed to solve their financing needs during growth and development stages. Shenzhen local governments allocate capitals and build up such a channel on the Shenzhen Exchange.

Mr. Jin-yong Chang, CEO of the Shenzhen Exchange said, "The Growth Road Map Program is the first Private Equity Placement in China based on the qualified investor registration system." The newly revised Company Law, Security Act and Partnership Law of PRC have eliminated all juristic obstacles in private equity placement. It is reported that individuals and institutions, those that have seasoned professionalism or have met certain capital requirement, can register as a qualified investor on the Shenzhen Exchange and take part in private equity placement in the Growth Road Map Program.

The prosperous hi-tech industry in Shenzhen City, pearl river delta and South China has resulted in high demands for technologic equity transfers. Along with expansion of equity market, the Shenzhen Exchange will developed into China's top equity exchange together with those in Tianjin and Shanghai.

The Intermost Corporation owns a 15% share in the Shenzhen Exchange. Its acting CEO Mr. Xiang-xiong Deng is also the Vice-Chairman of the Shenzhen Exchange.

[la-onda]

IMOT update:

1)
China Equity Exchange Platform English Version Officially Launched
PR Newswire - April 09, 2007 11:00 AM ET
The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced that the China Equity Exchange Platform, which was created by its subsidiary Chinae.com Technology Company, Ltd. (Shenzhen), officially opened its English version website ( http://www.chinae.com/en ). From this time forward, the Platform will provide timely and integrated Chinese equity investment information for global investors, and capitalize on the connection between the Chinese Multi-layer Capital Market and the International Capital Markets.
As a platform for full-scale matching and exchange of Chinese equity shares, the Platform breaks the regional limitations of Chinese equity exchange transactions. With the introduction of the English version website, the exchange range of the Chinese Equity Market will further expand to the global capital market. Investors worldwide will be able to efficiently participate in the booming Chinese Multi-layer Capital Market.
The English version of the Platform will update its equity quotes, as well as the dynamic market and equity news, at the same time as the Chinese version. The newly introduced bar charts of the Chinese Equity Index will directly reflect the changing exchange trends of the Chinese Equity Market. Mr. Xiangxiong Deng, acting CEO of the Intermost Corporation said, "We can foresee that the Platform's English version website will incorporate additional resources, such as enterprises and global investors who will be attracted to the Platform due to its professionalism and internationalism. Currently, significant attention to each layer of the Chinese Multi-layer Capital Market is drawn by overseas investors. I hope that the China Equity Exchange Platform could not only be a bridge through which small & medium enterprises move forward to overseas capital markets, but also be an open door through which overseas investors can enter Chinese Multi-layer Primary Capital Market."

2)
Chart:
Forming a nice base here IMHO