<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB
     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

               For the quarterly period ended: September 30, 2002
                                       OR
     [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                         Commission file number: 0-30430

                              INTERMOST CORPORATION
             (Exact name of registrant as specified in its charter)
                Utah                                   87-0418721
          (State or other jurisdiction of             (I.R.S. Employer
            Incorporation or organization)        Identification No.)

             10th Floor, B10-07 Guomao Building, Renmin Rd. (South)
                                 Shenzhen, China
                                     518014
                    (Address of principal executive offices)
                                   (Zip Code)
                               (86) 755 8221 0238
               (Registrant's telephone number including area code)
                                       N/A
    (Former name, former address and former fiscal year, if changed since last
                                     report)

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURNG THE PRECEDING FIVE YEARS

    Check whether the registrant filed all documents and reports required to be
  filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
        securities under a plan confirmed by a court.  YES [  ]   NO [_]
                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  The registrant has 33,120,481 shares
         of common stock issued and outstanding as of November 8, 2002.
Transitional  Small  Business  Disclosure Format (Check one): Yes [   ] No [ x ]

<PAGE>
INTERMOST  CORPORATION
                                      INDEX


                                                                   Page
                                                                   Number
                                                                 -----------
PART  I  -  FINANCIAL  INFORMATION

         Item  1.  Financial  Statements

         Consolidated  Condensed  Balance  Sheets  --  September
            30,  2002  and  June  30,  2002                                3

         Consolidated  Condensed  Statements  of  Operations  --
            For  the three months ended September 30, 2002 and 2001        4

         Consolidated  Condensed  Statements  of  Cash  Flows  --
            For the three months ended September 30, 2002 and 2001         5

         Notes to Consolidated Condensed Financial Statements              6

         Item  2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                      9

PART  II  -  OTHER  INFORMATION

         Item  6.  Exhibits and Reports on Form 8-K                       14

SIGNATURES                                                                15


                                        2
<PAGE>

PART  I  -  FINANCIAL  INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS

                     INTERMOST CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED CONDENSED BALANCE SHEETS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                       June 30, 2002    September 30, 2002
                                       ------------- -------------------------
                                             RMB           RMB           US$
-------------------------------------  ------------  ------------  -----------
ASSETS
-------------------------------------
<S>                                    <C>           <C>           <C>
Current Assets
-------------------------------------
     Cash and cash equivalents             443,607       358,322       43,275
-------------------------------------  ------------  ------------  -----------
     Accounts receivable, net              658,641       172,275       20,806
-------------------------------------  ------------  ------------  -----------
     Costs and estimated earnings
        in excess of billings             150,170        69,990        8,453
-------------------------------------  ------------  ------------  -----------
     Deposits, prepayments and
        other receivables, net           1,530,962     1,436,545      173,496
-------------------------------------  ------------  ------------  -----------
     Amount due from custodian           2,523,743     2,159,250      260,779
-------------------------------------  ------------  ------------  -----------
     Due from a related company             72,345       72,345        8,737
-------------------------------------  ------------  ------------  -----------
Total Current Assets                     5,379,468     4,268,727      515,546
-------------------------------------  ------------  ------------  -----------

Property and equipment, net              3,248,326     3,042,441      367,445
-------------------------------------  ------------  ------------  -----------

Total Assets                             8,627,794     7,311,168      882,991
-------------------------------------  ------------  ------------  -----------

                      LIABILITIES AND SHAREHOLDERS EQUITY
Current Liabilities
--------------------
     Accruals and other payables         2,257,604     2,022,042      244,208
     --------------------------------  ------------  ------------  -----------
     Accounts payables                           -        51,300        6,196
     --------------------------------  ------------  ------------  -----------
     Deferred Revenue                      432,534       389,178       47,002
     --------------------------------  ------------  ------------  -----------
     Deposits from customers                     -        30,180        3,645
     --------------------------------  ------------  ------------  -----------
     Business tax payable                   21,963        22,426        2,708
     --------------------------------  ------------  ------------  -----------
     Due to directors                    1,857,930     1,919,991      231,883
     --------------------------------  ------------  ------------  -----------
Total current liabilities                4,570,031     4,435,117      535,642
-------------------------------------  ------------  ------------  -----------

Minority interest                           90,584        89,758       10,840
-------------------------------------  ------------  ------------  -----------
Shareholders' equity
-------------------------------------
 Preferred stock, par value US$0.001:
-------------------------------------
   - Authorized-5,000,000 shares
-------------------------------------
   - None outstanding
-------------------------------------
 Common stock, par value US$0.001:
-------------------------------------
-Authorized-100,000,000 shares
-------------------------------------
   -Outstanding and fully paid-
        33,120,481 shares                   274,279       274,279       33,125
-------------------------------------  ------------  ------------  -----------
 Additional paid in capital              62,085,259    62,085,259    7,498,220
-------------------------------------  ------------  ------------  -----------
 Reserved and to be issued -
        2,000,000 shares                     16,560        16,560        2,000
-------------------------------------  ------------  ------------  -----------
 Accumulated deficit                    (58,378,023)  (59,558,909)  (7,193,105)
-------------------------------------  ------------  ------------  -----------
 Accumulated other
     comprehensive loss                     (30,896)      (30,896)      (3,731)
-------------------------------------  ------------  ------------  -----------
Total shareholders' equity                3,967,179     2,786,293      336,509
-------------------------------------  ------------  ------------  -----------
      Total liabilities and
shareholders' equity                      8,627,794     7,311,168      882,991
-------------------------------------  ------------  ------------  -----------
The accompanying notes are an integral part of these condensed financial statements.
</TABLE>



                                        3
<PAGE>

                     INTERMOST CORPORATION AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                Three Months Ended September 30
                                                -------------------------------
                                                 2001               2002
                                              -----------  ------------------------
                                                 RMB          RMB          US$
--------------------------------------------  -----------  -----------  -----------
<S>                                            <C>          <C>          <C>

Net revenues                                   2,476,973      510,350       61,636
--------------------------------------------  -----------  -----------  -----------
Cost of revenues                              (1,871,786)    (498,436)     (60,198)
--------------------------------------------  -----------  -----------  -----------
Gross profit                                     605,187       11,914        1,438
--------------------------------------------  -----------  -----------  -----------


Selling, general and administrative expenses  (2,441,570)  (1,194,901)    (144,312)
--------------------------------------------  -----------  -----------  -----------

Loss from operations                          (1,836,383)  (1,182,987)    (142,874)
--------------------------------------------  -----------  -----------  -----------

Loss on disposal of property and equipment    (817,496)     (50,125)      (6,054)
--------------------------------------------  -----------  -----------  -----------
Other net income                                 431,274       51,400        6,208
--------------------------------------------  -----------  -----------  -----------

Loss before minority interest                 (2,222,605)  (1,181,712)    (142,720)
--------------------------------------------  -----------  -----------  -----------
Minority interest                                  3,897          826          100
--------------------------------------------  -----------  -----------  -----------
Net loss                                      (2,218,708)  (1,180,886)    (142,620)
--------------------------------------------  ===========  ===========  ===========

Net loss per common share-Basic and diluted        (0.17)       (0.04)       (0.01)
--------------------------------------------  ===========  ===========  ===========

Weighted average number of shares outstanding 13,120,481   33,120,481   33,120,481
--------------------------------------------  ===========  ===========  ===========
The accompanying notes are an integral part of these condensed financial statements
</TABLE>



                                        4
<PAGE>


                     INTERMOST CORPORATION AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                       Three  Months  Ended  September  30,
                                                 -------------------------------------------
                                                   2001                    2002
                                                 ----------      ---------------------------
<S>                                              <C>             <C>               <C>
                                                    RMB              RMB               US$
Cash flows from operating activities:
Net loss                                         (2,218,708)     (1,180,886)       (142,620)
Adjustments to reconcile net loss to net cash
used in operating activities:
     Loss on disposal of property and equipment     817,496          50,125            6,054
     Depreciation                                   342,908         155,760           18,812
     Minority interest                               (3,897)           (826)            (100)
     Changes in operating assets and liabilities:
     Inventories                                          1               -                 -
     Accounts receivable, net                        98,730         486,366            58,740
     Cost and estimated earnings in Excess of
           Billings                                 (74,675)         80,180             9,684
     Deposits, prepayments and
           other receivables                       (342,148)         94,417            11,403
     Accruals, Accounts payable and
           other payables                          (257,955)       (184,262)          (22,255)
     Deposit on liquidation of investment
     in associated company                           72,200               -                 -
     Deferred revenue                               (16,744)        (43,356)           (5,236)
     Deferred rent                                 (362,638)              -                 -
     Deposits from customers                        (61,400)         30,180             3,645
     Business tax payable                           (74,628)            463                56
     Due to directors                                (3,397)        (62,061)            7,495
                                                 -----------      ----------         ---------
     Net cash used in operating activities       (2,084,855)       (449,778)          (54,322)
                                                 -----------      ----------         ---------
Cash flows from financing activities:
Net proceeds from custodian                               -         364,493            44,021
                                                  ----------     ------------         ----------
Net cash provided by financing activities                 -         364,493            44,021
                                                  ----------     ------------         ----------
Net decrease in cash and cash equivalents        (2,084,855)        (85,285)          (10,301)
Cumulative translation adjustment                      (258)              -                 -
Cash and cash equivalents, beginning of period    4,126,138         443,607            53,576
                                                  -----------      ----------         ----------
Cash and cash equivalents, end of period          2,041,025         358,322            43,275
                                                  ===========      ==========         ==========
</TABLE>



The  accompanying  notes  are  an  integral  part  of  these condensed financial
statements.
                                        5
<PAGE>
INTERMOST  CORPORATION  AND  SUBSIDIARIES

NOTES  TO  CONSOLIDATED  CONDENSED  FINANCIAL  STATEMENTS

1.     INTERIM  FINANCIAL  PRESENTATION

The  interim  consolidated  financial  statements  are  prepared pursuant to the
requirements  for reporting on Form 10-QSB.  These financial statements have not
been  audited  by independent accountants.  The June 30, 2002 balance sheet data
was  derived  from  audited  financial  statements  but  does  not  include  all
disclosures  required  by generally accepted accounting principles.  The interim
financial  statements  and  notes thereto should be read in conjunction with the
financial  statements  and  notes  included in the Company's Form 10-KSB. In the
opinion  of  management,  these  interim  financial  statements  reflect  all
adjustments  of  a normal recurring nature necessary for a fair statement of the
results  for  the  interim  periods  presented.  The  current  period results of
operations  are  not  necessarily indicative of results which ultimately will be
reported  for  the  full  year  ending  June  30,  2003.

2.     CURRENCY  PRESENTATION  AND  FOREIGN  CURRENCY  TRANSLATION

Unless  otherwise  indicated  as  Renminbi  ("Rmb"),  all  financial information
contained in this Quarterly Report is presented in United States dollars ("$" or
"US$").  Our  sales  are  principally  in Renminbi.  The translation of Renminbi
amounts into US dollars are for reference purpose only and have been made at the
exchange  rate  of  Rmb8.28  for  US$1.  The  People's  Bank  of  China sets and
publishes  daily a base exchange rate with reference primarily to the supply and
demand  of  Renminbi  against  the United States dollar in the market during the
prior  day.  The  People's  Bank  of China also takes into account other factors
such  as  the  general conditions existing in the international foreign exchange
markets.  Although  Chinese  governmental  policies  were  introduced in 1996 to
reduce  restrictions on the convertibility of Renminbi into foreign currency for
current amount items, conversion of Renminbi into any other currency for capital
items,  such  as  foreign  direct  investment,  loans  or security, requires the
approval  of  the State Administration for Foreign Exchange.  The translation of
Renminbi amounts in this quarterly report on Form 10-QSB is not a representation
that the Renminbi amounts could actually be converted into United States dollars
at  that  rate  or  at  any  other  rate  on  that  date  or  on any other date.

                                        6
<PAGE>


3.     ABANDONMENT  OF  LEASEHOLD

During  the quarter ended September 30, 2002, as part of an ongoing cost control
program, the Company relocated its offices and terminated the lease on its prior
offices.  In  conjunction  with  the  termination of the prior office lease, the
Company  recorded a loss on disposal of fixed assets relating to the disposal of
furnitures  and computer equipment in the amount of $6K*
..

4.     CONTINUED  OPERATIONS

The  accompanying consolidated condensed financial statements have been prepared
assuming  the  Company  will  continue  operating  as  a  going  concern,  which
contemplates  the  realization  of  assets and liquidation of liabilities in the
normal  course  of  business.

The  Company's  ability to continue as a going concern is dependent upon several
factors,  including,  but not limited to, raising additional capital, increasing
revenue,  and achieving and maintaining profitable operations.  The accompanying
consolidated  condensed financial statements do not include any adjustments that
might  result  from  the  outcome  of  these  uncertainties.

The  Company  is  aggressively  working  to  increase  revenues  and develop its
e-commerce  related  services,  which  it  believes  will  ultimately  lead  to
profitable  operations  and  enable  the  Company  to  continue  operations.

5.     LOSS  PER  COMMON  SHARE  -  BASIC

Loss  per  common  share  is  computed in accordance with Statement of Financial
Accounting  Standards  No.  128,  by  dividing  net  loss for each period by the
weighted average number of shares of common stock outstanding during the period.
No  diluted  loss  per  common share was presented in the consolidated condensed
statements  of  operations  as  there  were no dilutive securities available for
exercise.
-----------------------------
1 * As used in this 10-QSB, the letter`K` appearing immediately after a dollar
amount denotes rounding to the nearest $1,000; as an example, $250,799 may be
rounded to `$251K`.
                                        7
<PAGE>


6.  CRITICAL  ACCOUNTING  POLICIES  AND  ESTIMATES

Management's  discussion  and  analysis  of  results of operations and financial
condition are based upon the Company's consolidated financial statements.  These
statements have been prepared in accordance with accounting principles generally
accepted  in  the United States of America.  These principles require management
to  make  certain  estimates, judgments and assumptions that affect the reported
amounts of assets, liabilities, revenues and expenses, and related disclosure of
contingent  assets  and  liabilities.  On  an  on-going  basis,  we evaluate our
estimates  based on historical experience and various other assumptions that are
believed to be reasonable under the circumstances, the results of which form the
basis  for  making judgments about the carrying values of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from
these  estimates  under  different  assumptions  or  conditions.

The  following critical accounting policies rely upon assumptions, judgments and
estimates  and  were  used  in  the  preparation  of  the Company's consolidated
financial  statements:

Revenue  Recognition

Revenues  are recognized (i) with respect to services, at the time a project (or
a  milestone  thereof)  is completed and accepted by the customer, and (ii) with
respect  to  products,  at  the  time  products  are  delivered to customers and
collectibility  for  such  sales  is  reasonably  assured. We have adopted Staff
Accounting  Bulletin  No.101,  Revenue  Recognition ("SAB 101") in our financial
statements.  SAB  101  provides in part further interpretive guidance for public
companies  on  the  recognition,  presentation,  and  disclosure  of revenues in
financial  statements. The adoption of SAB 101 did not have a material impact on
our  revenue  recognition  practices.

Accounts  Receivable

We  typically  extend  credit  to  our customers.  From time to time, e-commerce
solution  services  are  provided under fixed-price contracts where the revenues
and  the  payment of related receivable balances are due upon the achievement of
certain  milestones.  Management  estimates the probability of collection of the
receivable  balances  and provides an allowance for doubtful accounts based upon
its  judgment in assessing the realization of these receivable balances based on
aging,  historical  experience,  the  customer's financial condition and general
economic  conditions.

Long-lived  assets

The  Company periodically evaluates the carrying value of long-lived assets held
or  used  whenever  events and circumstances indicate that the carrying value of
the  asset  may  no  longer be recoverable.  An impairment loss, measured on the
fair  value  of  the  asset,  is recognized if expected future undiscounted cash
flows  are  less  than  the  carrying  value  of  the  assets.
                                        8
<PAGE>


ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.

The  following  discussion  and  analysis should be read in conjunction with the
Company's financial statements and notes therewith included in this Form 10-QSB.
Except  for  the historical information contained herein, the discussion in this
Form  10-QSB  contains certain forward looking statements that involve risks and
uncertainties,  such  as  statements  of  the  Company's  plans,  objectives,
expectations  and intentions. The cautionary statements made in this Form 10-QSB
should  be  read  as  being applicable to all related forward looking statements
wherever  they  appear  in  this Form 10-QSB. The Company's actual results could
differ materially from those discussed here. For a discussion of certain factors
that  could  cause  actual  results  to  be  materially  different, refer to the
Company's  Form  10-KSB.

MATERIAL  CHANGES  IN RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER
30,  2002  AS  COMPARED  TO  THE  THREE  MONTHS  ENDED  SEPTEMBER  30,  2001.

Net  Revenues.

Net  revenues  during  the  quarter  ended  September  30,  2002  were  derived
principally from e-commerce solutions and system sales and integration while net
revenues  during  the  2001  quarter  were  derived  principally from e-commerce
solutions,  system  sales  and  integration  and  web  advertisement.

The  following  table  reflects  the  total  net  revenues and percentage of net
revenues  by  major  category  for  the  periods  indicated:
<TABLE>
<CAPTION>



                                  Total Net revenues                  Percent of Total Net revenues
                                  ---------------------------------  --------------------------------
                                  Three Months Ended September 30,   Three Months Ended September 30,
                                  ---------------------------------  --------------------------------
<S>                               <C>             <C>                <C>                <C>
                                   2001             2002               2001             2002
                                   ----             ----               ----             ----
                                    US$              US$

E-commerce solutions
- Web site design and development  82,478           36,294             27.6%             58.9%
- Conference services             132,995                -             44.5%              0.0%
                                 --------          -------           -------           -------
                                  215,473           36,294             72.1%             58.9%
System sales integration            8,505           25,125              2.8%             40.8%
Web advertisement                  75,173              217             25.1%              0.3%
                                  -------          -------           -------           -------
     Total                        299,151           61,636            100.0%            100.0%
                                  =======          =======           =======           =======
</TABLE>


                                        9
<PAGE>

Total  net revenues decreased 79% to $62K during the quarter ended September 30,
2002  compared  to  $299K during the same quarter in 2001.  E-commerce solutions
revenues  decreased  83% to $36K in the 2002 quarter as compared to $215K in the
2001  quarter.  The decrease is mainly attributable to the Company's receipt, in
the  quarter  ended  September  30, 2001, of $133K in non-recurring revenue from
conference  services,  which  are  not  considered to be core revenues under the
Company's  business  plan.  System  sales  and integration revenues increased by
$17K,  or  195%,  to  $25K  in  the  2002 quarter as compared to $9K in the 2001
quarter.  Web  advertisement revenues decreased 99% to $0.2K in the 2002 quarter
as  compared  to  $75K  for  the  2001  quarter.

The  change in total net revenues and the character of those sales was primarily
attributable  to management's decision to revise the Company's plan of operation
to  develop  our  business beyond the market for Internet products and services.
This  market  was  adversely  impacted  during  the  2001 fiscal year by a sharp
decline  in  worldwide  investment  in Internet initiatives and by weak economic
conditions  and  slowing  economic  growth  globally, particularly following the
terrorist  attacks  of  September  11, 2001 in the United States. We continue to
believe that the Chinese Internet market will continue to develop, outpacing the
growth  of  other  more mature Internet markets, however, it is our intention to
continue  operating  our  core  business  and  to continue to look for potential
alliances,  such  as  joint  ventures  or  acquisitions,  which will enhance our
business.

Cost  of  Revenues.

Cost  of  revenues  consists  principally  of  salaries  for  computer  network
technicians,  costs  of  systems  sales and integration, depreciation, and other
costs,  including  travel,  employee  benefits,  and office and related expenses
allocable  to  the  engineering  and  technician  staff.

The  following  table  reflects the principal components of cost of revenues and
the  percentage  of  net  revenues represented by each component for the periods
indicated:
<TABLE>
<CAPTION>



                                  Total Net Revenues                  Percent of Total Net Revenues
                                  ---------------------------------  --------------------------------
                                  Three Months Ended September 30,   Three Months Ended September 30,
                                  ---------------------------------  --------------------------------
<S>                               <C>             <C>                <C>                <C>
                                   2001             2002               2001             2002
                                   ----             ----               ----             ----
                                    US$              US$

Engineering/technician salaries    21,340            14,268              7.2%              23.1%
Subcontract fees                  163,107               195             54.5%               0.3%
Cost of system sales
 and integration                   11,019            32,287              3.7%              52.4%
Depreciation                        3,914             2,640              1.3%               4.4%
Other                              26,681            10,808              8.9%              17.5%
                                  -------           -------           -------              ------
     Total                        226,061            60,198             75.6%              97.7%
                                  =======           =======           =======              =====
</TABLE>

                                       10
<PAGE>

Costs  of  revenues  decreased 73%, to $60K, or 98% of net revenues, in the 2002
quarter  from  $226K,  or  76%  of  net  revenues, in  the  2001  quarter.

The principal components of cost of revenues during the three month period ended
September, 2002 were engineer/technician salaries; cost of hardware; other costs
associated with support of the engineering/technician staff; and depreciation of
equipment  utilized  in  connection  with  services.

The decrease in costs of revenues, in total and as a percentage of revenues, was
principally  attributable  to  a decline in sales as well as to cost containment
efforts  implemented  by  management  during  the  2002 fiscal year, including a
decrease  in  engineering/technician  staffing  and  a  decrease  in  the use of
subcontractors.

Selling,  General  and  Administrative  Expense.

Selling, general and administrative expense ("SG&A") consists principally of (1)
sales  commissions,  (2)  advertising,  (3)  other marketing expense, (4) rental
expense,  (5)  salaries  for  administrative  and sales staff, (6) and corporate
overhead.

The following table reflects the principal components of SG&A and the percentage
of  net  sales  represented  by  each  component  for  the  periods  indicated:
<TABLE>
<CAPTION>



                                          Total SG&A                  Percent of Total Net Revenues
                                  ---------------------------------  --------------------------------
                                  Three Months Ended September 30,   Three Months Ended September 30,
                                  ---------------------------------  --------------------------------
<S>                               <C>             <C>                <C>                <C>
                                   2001             2002               2001             2002
                                   ----             ----               ----             ----
                                    US$              US$

Sales and marketing salaries and
  commissions                        29,082            21,282               9.8%             34.5%
Advertising and other sales and
  marketing expenses                 53,212            11,525              17.8%             18.7%
Rentals                              35,719            20,385              11.9%             33.1%
Administrative salaries              42,281            45,907              14.1%             74.5%
Corporate overhead                  104,348            45,213              34.9%             73.3%
Research and development             30,234                 -              10.1%              0.0%
                                   --------           -------              ------           ------
     Total                          294,876           144,312              98.6%            234.1%
                                    =======           =======              ======           ======
</TABLE>


For  the three months ended September 30, 2002, SG&A decreased 51%, to $144K, or
234%  of  net sales, from $295K, or 99% of net sales, for the three months ended
September  30,  2001.

The  decrease  in  SG&A  has  been  principally attributable to cost containment
efforts  undertaken  during  the  2002  quarter,  including  relocation  of  the
Company's  offices  to less expensive office space and a reduction in marketing
expenses  and  corporate  overhead.

                                       11
<PAGE>


Loss  on  Disposal of Fixed Assets. The Company incurred a loss in the amount of
$6K on the disposal of fixed assets during the 2002 quarter. The loss related to
the  disposal  of  furniture  and  computer  equipment  in  conjunction with the
relocation  of  the  Company's  office.

Other  Expense  (Income),  Net.  Other  income, net, totaled $6K during the 2002
quarter  as  compared  to  other  income  of $52K during the 2001 quarter. Other
income  during  the  2002  quarter consisted primarily of the rental income from
38/F  Guomao Building.  Other income during the 2001 quarter consisted primarily
of  interest  income of $1K and an adjustment of $51K, representing the reversal
of  the  remaining  deferred  rent  that  was no longer due because of the early
termination  of  the  Company's  former  office  lease.

Minority  Interest.  Minority  interest of $0.1K was reported during the current
period  as  compared  to  $0.5K  of  minority  interest  during the 2001 period.
Minority interest reflects the Company's proportionate interest in the losses of
Intermost  Focus  Advertising.

Material  Changes  in  Financial  Condition,  Liquidity  and  Capital  Resources

     At September 30, 2002 the Company had cash and cash equivalents of $43K and
negative  working  capital  of  $20K  as  compared  to  $54K  of  cash  and cash
equivalents  and  $98K  of  working  capital  at  June  30,  2002.

     Net  cash  used in operating activities was $54K for the three-month period
ended  September 30, 2002, while net cash used in operating activities was $252K
for  the  same  period in 2001. Funds used in operations primarily relate to the
losses  incurred  during  the  period  of  $143K,  and  reductions  in  various
liabilities  which  were  partially  offset  by  non-cash  charges,  including
depreciation  expense  of  $19K and loss on the disposal of fixed assets of $6K.

     There  was  no  investing  activity  during  the  same  period  in  2001.

     Net  cash  provided  by  financing  activities was $41K for the three-month
period ended September 30, 2002 and no financing activity during the same period
in  2001.  Funds provided by financing activities consisted of proceeds received
from  the  private placement of our common stock.  These proceeds were kept in a
custodial  account.

     The  Company  had  no  long  term  debt  as  at  September  30,  2002.

     As a result of continuing losses and weakness in the global economy and the
Internet sector, the Company has implemented various cost management measures to
reduce  its overhead in response to its declining revenues.  The Company is also
evaluating  various  strategies  to  attain  profitability.

                                       12
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     The  Company  believes  that the funds provided by the private placement of
common  stock  in  the  first  quarter  of  2002, combined with its cost savings
program  and  an anticipated improvement of economic conditions and sales during
the  second  half of 2002, will enable the Company to meet anticipated cash flow
requirements  for  the  2003  fiscal  year.

     The Company may, however, require additional funding to support operations,
accelerate  growth  or pursue strategic opportunities.  There are no commitments
to provide any such funding, if needed, nor can there be any assurance that such
funding  will  be  available  if  needed.

Certain  Factors  Affecting  Future  Operating  Results

     Our  operating  results  have  been, and will continue to be, affected by a
wide  variety  of  factors that could have a material adverse effect on revenues
and  profitability during any particular period, including the level and rate of
acceptance  of our products and services by the Chinese people, continued growth
in  the  use  of  the  Internet  in  China,  entry of new competition (including
established  companies  from  outside  China  and  companies  with substantially
greater  resources),  fluctuations in the level of orders for services delivered
in  a  quarter, rescheduling or cancellation of orders by customers, competitive
pressures  on selling prices, changes in product, service or customer mix, rapid
changes  in  technology, dependence upon certain key employees, availability and
cost  of  computer technicians, loss of any strategic relationships, our ability
to  introduce  new  products  and  services  on  a timely basis, new product and
service introductions by our competitors, requirements for additional capital to
support operations and acquisitions, fluctuations in exchange rates, and general
economic  conditions,  among  others.  Various  factors  which  could effect our
future  operating  results  are  discussed  in  our  Form  10-KSB.

     Except  as  noted  above,  we  are  not  aware  of  any  trends,  events or
uncertainties  which  have  had,  or  are  reasonably likely to have, a material
impact  on  our  operations  or  our  short-term  or  long-term  liquidity.

                                       13
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PART  II  -  OTHER  INFORMATION

Item  6.     Exhibits  and  Reports  on  Form  8-K

     (a)     Exhibits

          3.1   Articles  of  Incorporation(1)
          3.2   Bylaws(1)
           99   Certification  Pursuant  to  18  U.S.C.  Section  1350(2)
               (1)  Incorporated  by  reference to the respective exhibits filed
                    with  Registrant's  Registration  Statement  on  Form  10-SB
                    (Commission  File  No.  0-30430).

               (2)  Filed  herewith.

Reports  on  Form  8-K

               No  reports  on  Form  8-K  were  filed  during the quarter ended
               September  30,  2002.

                                       14
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                                   SIGNATURES



     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                                             INTERMOST  CORPORATION





                                             By:/S/ ANDY LIN
                                               --------------------------------
                                             ANDY  LIN,
                                             PRESIDENT, CHIEF EXECUTIVE OFFICER
                                             AND CHIEF FINANCIAL OFFICER

Dated:     November  14,  2002
                                       15
<PAGE>

                  CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
                       PURSUANT TO RULES 13A-14 AND 15D-14
                     OF THE SECURITIES EXCHANGE ACT OF 1934

     I,  Andy  Lin,  Chief  Executive  Officer  and  Chief  Financial Officer of
Intermost  Corporation,  certify  that:

     I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of  Intermost
Corporation.

Based  on  my  knowledge,  this  quarterly  report  does  not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not misleading with respect to the period covered by this quarterly
report.

Based on my knowledge, the financial statements, and other financial information
included  in  the  report, fairly present in all material respects the financial
condition,  results  of  operations and cash flows of the issuer as of, and for,
the  periods  presented  in  the  report.

     I  am  responsible for establishing and maintaining disclosure controls and
procedures  for  the  Company.

     I  have  designed  such  disclosure  controls and procedures to ensure that
material  information  is  made  known  to me, particularly during the period in
which  the  periodic  report  is  being  prepared.

     I have evaluated the effectiveness of the Company's disclosure controls and
procedures  as of a date within 90 days prior to the filing date of this report;
and

     I  have  presented  in the report my conclusions about the effectiveness of
the  disclosure  controls  and procedures based on the required evaluation as of
that  date.

     I  have  disclosed  to the Company's auditors and to the audit committee of
the  board  of  directors  (or  persons  fulfilling  the  equivalent  function):

          (i)  all  significant  deficiencies  in  the  design  or  operation of
               internal  controls  which  could  adversely  affect the Company's
               ability  to  record, process, summarize and report financial data
               and  have  identified  for  the  Company's  auditors any material
               weaknesses  in  internal  controls;  and

          (ii) any  fraud,  whether or not material, that involves management or
               other  employees  who  have  a  significant role in the Company's
               internal  controls;  and

          I  have  indicated in the report whether or not there were significant
changes in internal controls or in other factors that could significantly affect
internal  controls  subsequent  to  the  date of their evaluation, including any
corrective  actions  with  regard  to  significant  deficiencies  and  material
weaknesses.

Dated:  November  14,  2002                      /S/ ANDY LIN
                                                 -------------------------------
                                                 Andy  Lin
                                                 Chief  Executive  Officer  and
                                                 Chief  Financial  Officer
                                       16
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