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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (6182)	2/18/1999 10:11:00 AM
From: JeanD	Respond to of 11130

IMOT ... great news release today. High was 5.56 last week, according to E-Trade. Currently just over 3. Here's the PR from this a.m. Still looking for more info on the company, but the web site and previous PRs look good. February 18, 1999 08:46 Intermost Completes Search Engine; Race is on for Internet Supremacy NEW YORK--(BUSINESS WIRE)--Feb. 18, 1999--Intermost Corporation (OTC BB:IMOT) announced today the completion of its Chinese language search engine to harness the online buying power of China's 1.2 billion people. With Chinese Internet access doubling in the past year and China's government embracing E-commerce, the Intermost search engine puts the Company in a position to dominate the enormous online product reference market and become the "Yahoo of China." Intermost's popular website, www.ChinaEcom.net, already has the highest volume of user traffic of all Chinese trade-related Internet sites. It also has the most advertisers of all business sites in China. Now, Intermost has expanded the site's coverage to include trade regulations, investment opportunities and exhibition schedules. Buyers and suppliers can also list their information on the Company's web bulletin board. Intermost President, Jun Liang, who is in the US this week discussing acquisition opportunities, said, "The next big wave of E-commerce in China will be wholesale and retail online shopping. Every 100 days, the number of E-commerce transactions is doubling. We are now in negotiations with brand name manufacturers to form joint ventures to sell products directly." In negotiations are an Amazon.com type Chinese joint venture. Also under consideration is an Ebay type auction site for wholesale and retail sales in China. Add to that joint venture talks for online music sales and a host of other opportunities, and you can see that Intermost is determined to lead the race as China's Internet leader. In the US, E-commerce is throwing entire industries in chaos as consumers switch buying methods for stocks, airline tickets, books and clothing. In China, E-commerce is offering Chinese consumers their first look at many products, making web-based E-commerce their first buying opportunity. In other words, Chinese consumers will look first to the web because they will no longer be limited by geography, spotty distribution and out-of-date department store buyers who aren't up on the latest trends. The E-commerce gold rush is to win the web loyalty of the 200 million Chinese who will have credit cards by the year 2000 - and Intermost has 2 million businesses in their database ready to welcome these new spenders into their stores. With close to 10% of the Intermost 2 million business database already converted to the search engine, the Company strategy to lead the web revolution involves regional sales strategies and content, value-added Internet services, E-commerce joint ventures and Internet telephony. Everything we take for granted in the US Internet market is up for grabs in China. Intermost believes that the key to dominating China's race for Internet penetration and services will be access to a substantial subscriber and business database throughout China and Hong Kong. Intermost's ownership of China's largest business database will enable the Company to attract advertisers, online merchants, online joint ventures and acquisition of other Web-oriented businesses. With their three data and technology centers already up and operating, with a fourth coming online soon, Intermost is racing to capture the gold - the E-commerce gold - in China. With US companies already eyeing the market, the question is: who will end up partnering with Intermost? Investor information can be found on the web at: www.MarketManagement.com or www.Intermost.com. "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. CONTACT: Tedrow Communications, Winter Park, Fla. Brokers: Steve Smith, (407) 834-4446 Press and investors: Thomas Tedrow, (800) 777-8098