Intermost Corporation Expects Further Improvement in Net Profits for Quarter Ending Dec 31 2004

Intermost Corporation Expects Further Improvement in Net Profits for Quarter Ending Dec 31 2004

SHENZHEN, China, Feb. 1 /Xinhua-PRNewswire-FirstCall/ -- Intermost Corporation (BULLETIN BOARD: IMOT) announced that it expects higher revenue and net profit for the quarter ended Dec 31 2004 when compared to the previous one. In the quarter ended September 30 2004, the Company reported revenue of US$1,968,363 and net profit of US$85,973, the first time in its corporate history that Intermost Corporation recorded profitability. For the quarter ended Dec 31 2004, the Company is optimistic that both revenue and net profit would record increases of more than 100% from the previous quarter.

Mr. Andy Lin, CEO of Intermost Corporation, said, ''We are pleased to see the continuous progress of the company's operation and the further improvement in our results in the quarter just ended. Our new strategy to focus on the private equity exchange business and the digital Internet service, especially the digital surveillance system over the Internet, in China is working fine, which leads to a turning around of the company. Our acquisitions in the equity stake of Shenzhen Golden Anke Technology Co. Ltd. and Shanghai Fortune Venture Ltd. have again proved to be wise moves as the two are making valuable contributions to our results.''

''We expect to see still better results in the coming quarters arising from the contributions of our existing subsidiaries and associates and further acquisitions of appropriate strategic partners in the private equity exchange business and the digital Internet services industry.''

About Intermost Corporation

Intermost Corporation focuses on the private equity exchange business and the Internet services in China. The former involves the over-the-counter trading of equities and other assets of privately held companies within authorized 'exchanges' in China. In collaboration with its strategic partners, Intermost is to enhance the services to members of the 'exchanges' with the provision of an electronic trading and information platform and other value- added services like multi-function cards. Intermost is also engaged in the provision of Internet services that include Internet company/product promotions, provision of digital security imaging solution and digital imaging systems. For more details, please visit http://www.intermost.com/ .

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.

CONTACT:

Intermost Corporation
Mr. Andy Lin
Email: andylin@intermost.com

Stanford Capital International Ltd.
Mr. K.M. Wong
Tel: +852-9094 5465
Email: km@stock-update.com


Source: Intermost Corporation

CONTACT: Mr. Andy Lin of Intermost Corporation, andylin@intermost.com; or
Mr. K.M. Wong of Stanford Capital International Ltd., +852-9094-5465, or
km@stock-update.com, for Intermost

Web Site: http://www.intermost.com/


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