Hartcourt to Invest in eMPACT Solutions, an E-Commerce Systems Management
for Internet Sites ! !
SUNDAY, FEBRUARY 13, 2000 9:16 PM
LONG BEACH, Calif., Feb 13, 2000 (BUSINESS WIRE) -- The Hartcourt Companies
Inc. (OTCBB:HRCT - Frankfurt:HCT), www.hartcourt.com, today announced that
it has signed an agreement to purchase 30 percent of eMPACT Solutions Inc., an E-Commerce Systems Management
company, that specializes in providing back-office infrastructure for Internet companies. The services include technology
selection, system design and management, transaction performance monitoring, resource utilization tracking and security
eMPACT was founded in 1999 as an Internet consulting firm. It has since designed a turn-key solution to make
E-Commerce Systems Management simple and affordable for smaller companies and expects to generate significant
revenue from remotely monitoring these Web Sites. eMPACT’s management team includes high-profile software engineers
who have worked at major financial, insurance, telecom, and Internet firms to support, monitor and manage missions
critical IT systems.
Dr. Alan Phan, Chairman & CEO of Hartcourt, said: „We are building a strong Technology Group of companies which have
the leading edge, state of the art expertise in this new Internet environment. It is a necessary component for our China
strategy. What I like best about eMPACT is the concentration of young talents with impressive credentials. They could
compete with the best in the Internet world. eMPACT is projected to generate above $7 million in revenue in 2000.“
Gunil Chung, Chairman & CEO of eMPACT, said: „We are very excited by this investment from Hartcourt because it will
enable us to rapidly grow and execute on our business plan. But it is also a partnership, one that will create tremendous
opportunities both in the U.S., and in emerging markets like China.“
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: Hartcourt Companies
Dr. Alan V. Phan, 562/426-9796