SHENZHEN, China, Feb. 2 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), an aggressive "company doctor" and "incubator" of mid- to large-size companies in China, is pleased to announce that the Company's application to change its name from Intermost Corporation (referred to as "IMOT") to Uni Core Holdings Corporation (referred to as "UCHC") has been approved with effect from January 29, 2010.
We refer to an earlier press release on Nov. 6, 2009 where Mr. James Wu, CEO of UCHC, explained the main reason for the name change of the company, which is appropriate for the new business strategy of the company as 'company doctor' and 'incubator' of mid- to large-size companies in China.
UCHC has so far acquired two new businesses, being the Prosperous Agriculture Limited Company and the APT Paper Group Company. Acquisition price of APT is subject to the final audit and valuation results, however, UCHC is confident that this business has great potential in the industry.
About Uni Core Holdings Corporation
Uni Core Holdings Corporation (stock symbol: UCHC) was founded in the USA in September 1998 under the name of Intermost Corporation and it was the first Chinese Internet company listed on the US OTC Bulletin Board in December 1998. Uni Core Holdings Corporation changed its name from January 29, 2010 and evolved into a new business strategy, acting as '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.
