CHECK THIS OUT..Big news on IMOT..Volume surge last 2 days..stock has huge potential...small float
The first U.S.-listed Internet & Information Technology firm from China begins trading
ORLANDO, Fla., March 2 /PRNewswire/ -- Intermost Corporation's (OTC Bulletin Board: IMOT - news) board of directors is pleased to announce that further to the letter of intent announced on January 2, 1999, that it has acquired all of the outstanding shares of Intermost Limited, a private company. As previously agreed, the Board of Directors of the public company has resigned and will be replaced by the existing Board of Directors of the private company.
Intermost is the first U.S.-listed Information Technology firm from China and is one of only six companies authorized by the Chinese government for Internet-related services. Intermost is set to become the gatekeeper to China's Internet through its focus on: a Chinese language Internet search engine, ownership of the largest database of China-based businesses in the world, Intranet Design/Consulting, Web site Hosting, and E-commerce.
Chinese Search Engine:
Intermost will be the Yahoo of China through its development of a Chinese language search engine. Most Chinese speak only Chinese dialects, yet the Internet is mostly in English. Intermost's vision of a web directory will allow China's 1.2 billion people to have the ability to search the English-based Internet in their native language.
World's Largest Chinese Database:
Intermost maintains the largest database of Chinese companies in the world. At over 2 million records, updated continuously, Intermost's database is also the most complete sales tool available for accessing China's economy. Clients of Intermost's database systems include: IBM, Siemens, Andersen Consulting, Dow Chemical Pacific, Kodak Far East, Shell China and the Walt Disney Company.
Web site Hosting:
Intermost's popular web site (www.ChinaEcom.net) has the highest volume of user traffic of all Chinese trade-related Internet sites. The web site also has the most advertisers of all business sites in China. Intermost is obviously a leader in building web sites that draw attention and revenue. The Company hosts sites for hundreds of China's largest public corporations and thousands of private companies.
E-Commerce:
Intermost's upcoming e-commerce site will be China's premier Internet travel agency. Intermost has alliances with civil aviation authorities and other transportation-related government agencies to ensure Intermost's place in China's e-commerce future.
Intranet:
Intermost is a leader in Intranet consulting, an industry that is building China's technology infrastructure. Official estimates by the China Information Technology Association show China's spending on Intranet networks will exceed $12 billion in the next three years. |
