HARTCOURT announced...

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HARTCOURT  announced... brian

HARTCOURT announced...

 
#1
Monday March 13, 9:08 am Eastern Time

Company Press Release
SOURCE: Hartcourt Companies

SinoBull.com to Develop WAP Connectivity for Mobile Phone Services

LONG BEACH, Calif., March 13 /PRNewswire/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that its subsidiary, SinoBull.com is developing a wireless technology platform to enable Chinese investors a means for trading stock online through mobile phones and wireless PDA's (Personal Digital Assistants). SinoBull.com, Mainland China's first and only nationwide approved secure online trading financial portal, will be formally launched with ceremonies in Beijing and Hong Kong later this month. The company's wireless delivery systems will be compliant with the industry accepted WAP (Wireless Application Protocol) using WML (Wireless Markup Language) for providing the content and user interface for such narrowband devices. In cooperation with all major mobile phone providers in China, SinoBull.com plans to invest over $1 Million during the next 12 months to perfect a secure solution and provide investment access to the expanding population of the over 30 Million mobile phone users.

SinoBull.com's partner Shangdi Network, via Hua Xia Info, has co-developed with Legend, China's largest computer manufacturer, a revolutionary cable TV set top box, enabling the 100 Million Chinese subscriber market the ability to trade stocks online as well as access the Internet. Named ``Stock Easy'', this set top box manufactured by Legend, in partnership with Microsoft, will display the built-in SinoBull.com graphical user interface, connecting to a secure Virtual Private Network through UAC's Huaqing Shitai 162. China Telecom will cooperate by providing lower rates, keeping access rates to customers lower than the regular Internet ISP charges.

With cell phones, PDA's, cable TV set top boxes and computers, SinoBull.com will cover all marketing venues for its online stock trading financial portal. SinoBull.com intends on branding these additional access products and marketing them directly to the investor populace through its already popular website, which has received over 300,000 page views in just its first 3 days of operation.

Hartcourt has also formed a Joint Venture partnership with Innostar Hi-Tech to provide nationwide wireless ISP and IP phone service across Mainland China. This will be promoted and cross-marketed as the wireless ISP of choice for SinoBull.com's wireless narrowband clients.

Dr. Alan Phan, Chairman & CEO of Hartcourt, said: ``We are determined to maintain the unique market position of SinoBull.com in China by funding the R&D necessary to provide broad access to the growing wireless market. It is our commitment to be on the leading edge and to satisfy the overwhelming demand from the investor population. It is our mission to be the best, and we expand and develop with that mission in mind. The return on our R&D investments may take time, but we are patient as we know these technologies will greatly complement our efforts in China, which we are confident will be great successes.''

Certain statements in this news release may constitute ``forward-looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.

SOURCE: Hartcourt Companies


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