Intermost Corporation Reports Favorably on China Stock Market; Highlights Jifeng Agricultural Machinery

PR Newswire

SHENZHEN, China, Dec. 1

SHENZHEN, China, Dec. 1 /PRNewswire-Asia/ — 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 provide analysis of China's agricultural industry.
Intermost Corporation is a major industry player, and particularly recognizes
great potential in Sichuan Jifeng Agricultural Machinery Chain Co., Ltd.

Due to investor enthusiasm about the enormous potential of the Chinese
agricultural resources market, the China Stock Market recently showed strong
interest in these agricultural resources distribution chain companies. On
October 30, the first batch of 28 companies listed on the China GEM of the
Shenzhen Stock Exchange (http://www.szse.cn/main/chinext/ ) went public. In
just a few days, the share prices of a majority of these GEM listed companies
dropped by more than 30% as compared to the highest price since listing, with
the exception of the farm machinery chain enterprise — Sichuan Jifeng
Agricultural Machinery Chain Co., Ltd. ("Jifeng Agricultural Machinery", stock
code SZ300022) — which rose straight up and hit a new high since listing.
With its 2008 net profit of only about RMB27.62 million, its market value is
now more than RMB5.5 billion with a Price-Earnings ratio of higher than 200
times.

What exactly is supporting such a high valuation of Jifeng Agricultural
Machinery? It's the enormous potential of China's farm machinery chain market
and the rapid growth of Jifeng Agricultural Machinery. The 2008 National farm
machinery sales exceeded RMB180 billion, of which RMB160 billion sales was
done through agents, while only about RMB1.2 billion of these sales were
managed through chain operation, which is less than 1%. Jifeng Agricultural
Machinery is the largest farm machinery chain enterprise in the nation, its
market share in 2008 was 0.4%; the company now has 70 directly operated stores
and a chain sales network with 550 agents at county and township-level. With
the business model of chain operation, Jifeng Agricultural Machinery grew
rapidly in the last three years (2006-2008), with a compound annual growth
rate (CAGR) in sales, in operating profit, and in net profit of 93.74%.
338.33%, and 429.96%, respectively; the net profit of Jifeng Agricultural
Machinery reached RMB25.08 million in the first half-year of 2009, which is
already close to the whole year net profit of 2008.

"However, sales of farm machinery only accounts for 20% of the national
agricultural resources market," Mr. Wang Fei, Chief Executive Officer of
Prosperous Agriculture Limited Company ("Prosperous Agriculture") said. "We
are building the largest agricultural resources sales and distribution
platform of China, it will not only be for the sales of farm machinery, but
also fertilizers, pesticides, seeds, agriculture plastic, agricultural
appliances, etc., covering almost all the agricultural resources with even
more varieties; moreover, the coverage of Jifeng Agricultural Machinery's
chain stores only concentrates on part of the country, the number of those
stores is quite small when comparing with the capacity of the national market,
whereas the agricultural resources sales and distribution platform of
Prosperous Agriculture covers the whole country with a scope much bigger. The
co-operation with IMOT is a realization of an organic combination by utilizing
the capital and financial advantageous position of IMOT as well as the
strength of the brand and chain operation of Prosperous Agriculture, the
ultimate goal is to extend the platform from just selling agricultural
products to also including other consumer goods, becoming the "Home Depot" of
the rural areas in China and eventually the "Walmart" of the China rural
areas." Mr. Wang Fei has a full vision for the future.

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.

    For more information, please contact:

     Mr. Caiyi Zhou
     Tel:   +852-2827-6898
     Fax:   +852-2827-6989
     Email: imot.ir@gmail.com
     Web:   http://www.intermost.com

SOURCE Intermost Corporation

Contact

Mr. Caiyi Zhou, +852-2827-6898, or fax, +852-2827-6989, or imot.ir@gmail.com