Monday June 12, 9:03 am Eastern Time
Company Press Release
Hartcourt Subsidiary to Deliver Financial Content to Nokia Mobile Phones Distributed in China Nokia`s GSM Handsets and Future Wireless Products Will Utilize Sinobull`s Financial Data Feed and Platform
LOS ANGELES--(BUSINESS WIRE)--June 12, 2000-- The Hartcourt Companies Inc. (OTC:HRCT - news; Frankfurt:HCT), www.hartcourt.com, today announced that its subsidiary, Shanghai Guo Mao Financial Corporation, a company owned by Hartcourt`s Sinobull Group, has signed a strategic alliance agreement to form a joint development partnership with a China`s top tier Nokia distributor, Shanghai Industry Foreign Trade Telecom Corporation (SIFTT). The multi-year joint development effort will offer Chinese mobile users new Nokia handsets and wireless data terminal products integrated with Shanghai Guo Mao`s leading financial content.
Since SIFTT is also a Nokia (NYSE:NOK - news) authorized value added developer, the partnership will provide multimedia information services over not only the existing Nokia`s GSM handsets distributed in China, but also on future Nokia`s wireless data terminals, including Nokia`s 7110 and newer model phones using Wireless Applications Protocol (WAP). The strategic partnership allows Shanghai Guo Mao`s financial software and information tools to be integrated or bundled into SIFTT`s manufactured and distributed Nokia products. Further alliances are also defined to jointly develop a series of new financial data terminals specifically developed and marketed in China.
``With over 50 million GSM mobile subscribers today in China, the potential for accessing financial information via handset is enormous,`` said Chief Operating Officer Dr. Charlie Yang. ``China is fast growing and will be the largest wireless market in the world. Through this strategic alliance, we can utilize SIFTT`s technical and marketing expertise to incorporate our Shanghai Guo Mao`s leading financial contents into Nokia`s handsets and multimedia products distributed in China. These financial contents may include real-time market data, stock quotes, market and financial news, online trading, and integrated technologies and services customized for Chinese mobile users.``
About Shanghai Industry Foreign Trade Telecom Corporation (SIFTT)
Shanghai Industry Foreign Trade Telecom Corporation (SIFTT) is a top tier Nokia product distributor in China. It is also a Nokia authorized applications developer for all Nokia`s GSM handsets, wireless data, and multimedia terminal products distributed in China. It is headquartered in Shanghai and is the largest Nokia handset distributor and value added reseller in eastern China region.
About Shanghai Guo Mao
Guo Mao, a subsidiary of Sinobull Group, is principally engaged in the business of developing financial content for access over various media networks in China. The company`s programs cover financial information relating to Chinese and other Southeast Asian markets, as well as those in Europe and the United States. Guo Mao is the leading provider of real-time financial information and financial-related software to securities brokers, financial institutions, corporations, financial service companies, as well as individual investors in China.
About The SinoBull Group:
SinoBull is a financial services integrator, which enables Mainland brokerage firms to provide online stock trading to its customers, over SinoBull`s secure nationwide Virtual Private Network UAC162, which is separate from the Internet. With much concern and restriction to Internet-based trading in China, the SinoBull.com portal acts as secure docking station between the Internet and the UAC162 intranet, providing the best of both worlds (Internet access by investors to input trade decisions & transactions delivered and processed over a secure network by attached brokerages). SinoBull`s clients are leading securities firms in China, including giant China Securities (Hua Xia Securities, www.csc.com.cn), Guosen Securities (www.guosen.com.cn), Xiangcai Securities (www.xcsc.com) and Anshan Securities.
In addition, the portal SinoBull.com also provides real-time financial news, market data, analysis and commentary; rising quickly in popularity from its launch (March 2000), now receiving 1.6 million page views daily. Assisted in software development by a Hartcourt subsidiary, Legend Computers (China`s largest computer manufacturer) developed the set top box ``Stock Easy,`` which is enabled to access SinoBull.com for secure online trading. This turnkey solution provides ease of connection for the many investors who have access to the much more common cable TV line. The Chinese cable TV market is estimated at 80 million households, as compared to a US base of 68 million.
About Hartcourt
The Hartcourt Companies is a holding and development company that is building a network of Internet and telecommunication service companies in The People`s Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Its mission is to become one of the leading broadband applications infrastructure providers in Asia, including developing broadband networks and vertical market focused contents for broadband applications. Detailed information on Hartcourt can be obtained via the company`s Web site, www.hartcourt.com.
Forward-looking statements
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.
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Contact:
The Hartcourt Companies
Jack Westfield, 310/410-7290
--------------------------------------------------
More Quotes and News: Hartcourt Companies Inc (OTC BB:HRCT.OB - news)
Related News Categories: computers, entertainment, internet, publishing, telecom
Company Press Release
Hartcourt Subsidiary to Deliver Financial Content to Nokia Mobile Phones Distributed in China Nokia`s GSM Handsets and Future Wireless Products Will Utilize Sinobull`s Financial Data Feed and Platform
LOS ANGELES--(BUSINESS WIRE)--June 12, 2000-- The Hartcourt Companies Inc. (OTC:HRCT - news; Frankfurt:HCT), www.hartcourt.com, today announced that its subsidiary, Shanghai Guo Mao Financial Corporation, a company owned by Hartcourt`s Sinobull Group, has signed a strategic alliance agreement to form a joint development partnership with a China`s top tier Nokia distributor, Shanghai Industry Foreign Trade Telecom Corporation (SIFTT). The multi-year joint development effort will offer Chinese mobile users new Nokia handsets and wireless data terminal products integrated with Shanghai Guo Mao`s leading financial content.
Since SIFTT is also a Nokia (NYSE:NOK - news) authorized value added developer, the partnership will provide multimedia information services over not only the existing Nokia`s GSM handsets distributed in China, but also on future Nokia`s wireless data terminals, including Nokia`s 7110 and newer model phones using Wireless Applications Protocol (WAP). The strategic partnership allows Shanghai Guo Mao`s financial software and information tools to be integrated or bundled into SIFTT`s manufactured and distributed Nokia products. Further alliances are also defined to jointly develop a series of new financial data terminals specifically developed and marketed in China.
``With over 50 million GSM mobile subscribers today in China, the potential for accessing financial information via handset is enormous,`` said Chief Operating Officer Dr. Charlie Yang. ``China is fast growing and will be the largest wireless market in the world. Through this strategic alliance, we can utilize SIFTT`s technical and marketing expertise to incorporate our Shanghai Guo Mao`s leading financial contents into Nokia`s handsets and multimedia products distributed in China. These financial contents may include real-time market data, stock quotes, market and financial news, online trading, and integrated technologies and services customized for Chinese mobile users.``
About Shanghai Industry Foreign Trade Telecom Corporation (SIFTT)
Shanghai Industry Foreign Trade Telecom Corporation (SIFTT) is a top tier Nokia product distributor in China. It is also a Nokia authorized applications developer for all Nokia`s GSM handsets, wireless data, and multimedia terminal products distributed in China. It is headquartered in Shanghai and is the largest Nokia handset distributor and value added reseller in eastern China region.
About Shanghai Guo Mao
Guo Mao, a subsidiary of Sinobull Group, is principally engaged in the business of developing financial content for access over various media networks in China. The company`s programs cover financial information relating to Chinese and other Southeast Asian markets, as well as those in Europe and the United States. Guo Mao is the leading provider of real-time financial information and financial-related software to securities brokers, financial institutions, corporations, financial service companies, as well as individual investors in China.
About The SinoBull Group:
SinoBull is a financial services integrator, which enables Mainland brokerage firms to provide online stock trading to its customers, over SinoBull`s secure nationwide Virtual Private Network UAC162, which is separate from the Internet. With much concern and restriction to Internet-based trading in China, the SinoBull.com portal acts as secure docking station between the Internet and the UAC162 intranet, providing the best of both worlds (Internet access by investors to input trade decisions & transactions delivered and processed over a secure network by attached brokerages). SinoBull`s clients are leading securities firms in China, including giant China Securities (Hua Xia Securities, www.csc.com.cn), Guosen Securities (www.guosen.com.cn), Xiangcai Securities (www.xcsc.com) and Anshan Securities.
In addition, the portal SinoBull.com also provides real-time financial news, market data, analysis and commentary; rising quickly in popularity from its launch (March 2000), now receiving 1.6 million page views daily. Assisted in software development by a Hartcourt subsidiary, Legend Computers (China`s largest computer manufacturer) developed the set top box ``Stock Easy,`` which is enabled to access SinoBull.com for secure online trading. This turnkey solution provides ease of connection for the many investors who have access to the much more common cable TV line. The Chinese cable TV market is estimated at 80 million households, as compared to a US base of 68 million.
About Hartcourt
The Hartcourt Companies is a holding and development company that is building a network of Internet and telecommunication service companies in The People`s Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Its mission is to become one of the leading broadband applications infrastructure providers in Asia, including developing broadband networks and vertical market focused contents for broadband applications. Detailed information on Hartcourt can be obtained via the company`s Web site, www.hartcourt.com.
Forward-looking statements
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.
--------------------------------------------------
Contact:
The Hartcourt Companies
Jack Westfield, 310/410-7290
--------------------------------------------------
More Quotes and News: Hartcourt Companies Inc (OTC BB:HRCT.OB - news)
Related News Categories: computers, entertainment, internet, publishing, telecom
