Intermost's Board Approves Merger with Starwin Media Group

Intermost's Board Approves Merger with Starwin Media Group

SHENZHEN, China, March 2 /Xinhua-PRNewswire-FirstCall/ -- Intermost Corporation (BULLETIN BOARD: IMOT - News) today announced that the Board of Directors has approved the merger with Starwin Media Group, which will combine Intermost and Starwin into a media-related company named Starwin Holding Corporation. Starwin Holding will be a media-related corporation dedicated in providing product and services in the US and China market. The Corporation will proceed to call shareholders' meeting with proxies to approve the merger.

Mr. Andy Lin, CEO of Intermost Corporation, said, "Starwin's television network will broadcast via satellite and also has an intended IPTV platform with 150 channels allowing telephone companies to offer this less expensive service with competitive rate to their subscribers. Equipped with the video streaming technology, Starwin is also aiming to deliver mobile and Internet security surveillance capability together with Starwin's media content to cellular phone, computer, and PDA, which allow wireless operators to offer new services to their subscribers."

"Intermost will continue to strengthen its leading position in equity exchange business in China, which will also provide financial news, data and information to Starwin Media Group's TV channels," Mr. Lin added.

ABOUT STARWIN MEDIA GROUP

Starwin Media Group Holding, a California corporation in the United States. It is the first US media group aim to cover both US and China with program includes: financial, entertainment, variety show, talk show, food, travel and education. Starwin's television broadcasting network is actively pursuing setting up a worldwide media network via satellite to bring different cultures in the world together on a congenial basis. The operation has been set up, and is ready to launch extensively after the merger.

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 are 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
andylin@intermost.com
Tel: 86-755-822-10733
URL: http://www.intermost.com/http://www.chinae.com/

Contact: Starwin Media Group
Tel: (626) 912-2199
pr@starwinmedia.com

Source: Intermost Corporation

CONTACT: Intermost Corporation, +86-755-822-10733,
andylin@intermost.com; Starwin Media Group, +1-626-912-2199,
pr@starwinmedia.com

Web site: http://www.intermost.com/
http://www.chinae.com/

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