Intermost Corporation (OTC Bulletin Board: IMOT, which filed an application to change its name to Uni Core Holdings Corporation, and referred to as "UCHC"), an experienced 'company doctor' and aggressive 'incubator' of mid- to large-size companies in China, is pleased to announce that Easeway Investment Limited ("Easeway"), a wholly-owned subsidiary of Intermost Corporation, has officially signed the cooperation agreement to acquire the leading agricultural resources distribution chain, Shaanxi Prosperous Agriculture Limited Company ("Prosperous Agriculture").
Easeway will acquire 51% equity of Prosperous Agriculture in two stages by 11 million Intermost Corporation ("IMOT") shares (Please refer to the 8K document for details of the agreement). Prosperous Agriculture commits to achieve a sales revenue of RMB600 million (approx. US$88 million) and a net profit of at least RMB48 million (approx. US$7 million) in 2010; a sales revenue of RMB1.4 billion (approx. US$200 million) and a net profit of at least RMB110 million (approx. US$16 million) in 2011; a sales revenue of RMB3 billion (approx. US$440 million) and a net profit of at least RMB240 million (approx. US$35 million) in 2012, and strives to double the sales revenue and net profit on a yearly basis, in order to let the shareholders benefit from the huge agricultural business of more than RMB1 trillion.
Mr. Thomas Lee, Chief Operating Officer of Intermost Corporation is pleased to say, "Prosperous Agriculture is a developer and wholesaler of a leading brand, which it owns, in the territory of agricultural resources of China, and now owns three agricultural resources brands, covering three major series of fertilizer products; there are more than 200 agricultural resources dealers and more than 20,000 points of sales in the country directly selling the products of Prosperous Agriculture. Besides, the management team of Prosperous Agriculture has been providing marketing consulting services to the dealers and points of sales for over 6 years, and has created both the Number one brand of Chinese agricultural business consultancy and the first agricultural resources distribution chain operated with stock ownership. Prosperous Agriculture is uniting with the agricultural resources dealers across the nation to build the largest agricultural resources sales and distribution platform in the China rural markets. The management team of Prosperous Agriculture is extremely experienced and has a stand-out status in the industry, we are confident that the committed sales and profits targets will be achieved and Prosperous Agriculture will ultimately become the leader of the agricultural resources chain distribution industry."
About Intermost Corporation (with plans to change its name to Uni Core Holdings Corporation)
Founded in the USA in September 1998, Intermost Corporation was the first Chinese Internet company listed on the US OTC Bulletin Board (stock symbol: IMOT) in December 1998. Intermost Corporation (with plans to change its name to Uni Core Holdings Corporation) has evolved into a 'company doctor' and 'incubator' of mid- to large-size companies that have good potential and profitable products in the market which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; raise fund or financing; assistance to get public listing for mid- to large-size companies, etc.
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.
