Intermost Corporation Reports Favorably on China Stock Market; Highlights ...

01.12.09

SHENZHEN, China, Dec. 1 /PRNewswire-Asia/ -- Intermost Corporation (OTC Communiqu Board: IMOT, which filed an application to change its name to Uni Core Holdings Corporation, and referred to as "UCHC"), an au fait ’company doctor’ and aggressive ’incubator’ of mid- to large-appraise companies in China, is pleased to provide analysis of China’s agricultural industry. Intermost Corporation is a important industry player, and particularly recognizes great potential in Sichuan Jifeng Agricultural Machinery Fasten Co., Ltd.

Due to investor enthusiasm about the enormous potential of the Chinese agricultural resources market, the China Breeding Market recently showed strong interest in these agricultural resources distribution chain companies. On October 30, the first bunch of 28 companies listed on the China GEM of the Shenzhen Stock Exchange ( http://www.szse.cn/mains/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 payment since listing, with the exception of the farm machinery chain enterprise -- Sichuan Jifeng Agricultural Machinery Chain Co., Ltd. ("Jifeng Agricultural Machinery", founder 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 demand value is now more than RMB5.5 billion with a Price-Earnings ratio of higher than 200 times.

Source: CNNMoney.com (press release)