The idea that a system obeying interpolating statistics can be described by a deformed oscillator algebra, or quantum groups, has been an outstanding issue. We are able to demonstrate that a q-deformed oscillator algebra can be used to describe the statistics of particles which provide a continuous interpolation between Bose and Fermi statistics. We show that the generalized intermediate statistics splits into Boson-like and Fermion-like regimes, each described by a unique oscillator algebra. The thermostatistics of Boson-like particles is described by employing q-calculus based on the Jackson derivative while the Fermion-like particles are described by ordinary derivatives of thermodynamics. Thermodynamic functions for systems of both types are determined and examined.