Intermost Corporation appointed new Chief Operating Officer

SHENZHEN, Nov. 23 /PRNewswire-Asia/ -- Intermost Corporation (OTC Bulletin Board: IMOT, filed an application to change its name to Uni Core Holdings Corporation, and referred as "UCHC"), as an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China which is devoted to assisting companies with potential to grow as a leader in the respective industry, is pleased to announce the appointment of Mr. Thomas Lee as the Chief Operating Officer of the Company by the Board retroactive from November 18, 2009. Mr. Lee also holds the position of Chief Financial Officer and Company Secretary.

Mr. Thomas Lee is a fellow member of the Association of Taxation & Management Accountants of Australia, the Faculty of Secretaries & Administrators of Britain, and the British Institute of Management. He has more than 30 years of experience in financial management and held senior management positions in multinational companies of various industries, including public relations, advertising, communications technology, investment, construction, production, and securities, etc. Mr. Lee was the Chief Financial Officer of Burson-Marsteller Asia Pacific, Euro RSCG Ball Partnership, and J.D. Edwards in the period of 1974 to 1996.

"Mr. Thomas Lee joined Intermost Corporation as Chief Financial Officer from March 2007. With his involvement and advice, we managed to resolve all historical problems and transformed our business nature to act as 'company doctor' and 'incubator' to groom potential industry leaders. With this new appointment by the Board, Mr. Lee is not only responsible for day to day operation and financial management, but also the identification of merger and acquisition targets as well as potential incubation projects. Mr. Lee's wealth of experience in operation and financial management will no doubt lead us to explore and identify more potential targets that are worthy of our incubation efforts and can be nurtured as real industry leaders in China -- the emerging country with the highest potential," stated Mr. James Wu, Chief Executive Officer of Intermost Corporation, who is fully confident of both Mr. Lee's management capability and the success of the new business.

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

SOURCE Intermost Corporation

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