HARTCOURT: DER COUNTDOWN LÄUFT!!

Heute hat HRCT in USA wieder zugelegt und man kann anhand der Umsätze erkennen, daß Bewegung in den Wert kommt! Ich denke, es wird nur noch wenig Zeit bleiben, so günstig in HRCT einsteigen zu können. Hier nochmals die wichtigsten Daten für Unentschlossene:

09/07: Hartcourt Subsidiary Streaming Asia to Webcast Hong Kong Congressional Elections
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/24: Hartcourt to Announce New Strategic Structure and Partners; Company Schedules Hong Kong News Conference For September 21, 2000
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/17: Hartcourt Forms Marketing Alliance with ChinaInfo -- China's Official Information Industry Portal
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/14: Hartcourt to Acquire 30 Percent Interest in Hong Kong-Based Koffman Securities Ltd.
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/12: Hartcourt Reports Second Quarter 2000 Financial Results
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/10: SinoBull and China Cable Networks Debut Financial TV Channel at China National Executive Forum
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/07: New SinoBull CEO Pledges Major Investment Banking Effort; Hartcourt Subsidiary Adopts New Structure As Part Of Plan To Maximize Shareholder Value
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/04: Hartcourt Capital Inc. Formed to Handle Online Financial Transactions; New Subsidiary Will Be Headed by Former CEO of Sinobull Group
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/01: Hartcourt To Acquire Major Stake In China's Leading Financial & Securities News Provider
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/24: Hartcourt Confirms Merger Talks With Hong Kong Stock Exchange Listed Company; Company Aims to Broaden Activities in Mainland China
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/20: Media Applauds Hartcourt Business Model as Superior for Internet Ventures in China
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/12: SinoBull.com Inc. Provides Content to Securities Daily -- the Official Newspaper For China's Banking & Securities Industries
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/07: SinoBull Group Introduces Comprehensive China-Wide E-Finance Platform at Beijing Ceremony
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

Other headlines this year
06/29: Hartcourt Subsidiary Develops Revolutionary Wireless Online Solution for China Markets
06/26: Hartcourt's SinoBull Subsidiary Establishes Strategic Alliance With China's People's Daily; Shanghai Guo Mao to Provide Content for Leading Financial Newspaper in China
06/19: Hartcourt to Invest in China Online, Largest Private ISP in China; Hartcourt and Rayes Group Will Develop COL into a Commercial Broadband ISP in China
06/15: Hartcourt Confirms Subsidiary Has Entered Into Profit Sharing & Content License and Usage Agreement With Yahoo! Holdings Ltd.
06/12: Hartcourt Subsidiary to Deliver Financial Content to Nokia Mobile Phones Distributed in China
06/08: SinoBull Group Selected by Anshan Securities Co. To Provide Online Trading in Shanghai
06/06: Hartcourt Subsidiary to Participate with China Telecom In Campaign to Bring ISP Services to 10 Million New Users
06/02: Hartcourt Subsidiary StreamingAsia.com to Host Web Site of Leading Chinese Motion Picture
05/30: Hartcourt Subsidiary Acquires 100% Interest of LogicSpace Ltd., a Leading Web Solutions Pioneer
05/25: Hartcourt Subsidiary and China Cable Networks - CCN - to Jointly Develop the 'CCN Financial TV Channel' Prior to WTO Approval
05/22: Hartcourt Subsidiary Sinobull.com Completes Acquisition of 50% Interest of Shanghai Guo Mao; Agreement is a Prelude to a 100% Merger of the Two Entities
05/15: Hartcourt Announces Selection of StreamingAsia.com to Deliver Chinese Sports Video and Audio Over the Internet
05/09: Hartcourt Selected to Help Open Chinese People's Supreme Court Cases to Internet Access
04/28: Sinobull.com Announces Online Relationship With Third Chinese Securities Trading Firm
04/26: Sinobull.com Takes 50% Stake in StreamingAsia.com
04/25: Sinobull.com, a Hartcourt Subsidiary Completes Acquisition of 50 Percent of StreamingAsia.com
04/17: Hartcourt Reports 1999 Financial Results and Success in Acquiring Chinese Internet Businesses
04/12: Hartcourt's Subsidiary, Financial Telecom of Hong Kong, Acquires 51% of Data Transmission Network
04/10: Hartcourt Appoints a Wireless Telecom Expert, Dr. Charlie Q. Yang, to Chief Operating Officer
04/04: Hartcourt Companies, Owner of China-wide Internet Businesses, Retains FRB BSMG; Premier Chinese Financial Portal, Sino Bull, Among Hartcourt Holdings
03/28: Hartcourt's Subsidiary, UAC Online, Releases Chinese Stock Trading Applications for Palm OS and Windows CE
03/23: Hartcourt Appoints Mr. Duc Duong Chief Technology Officer
03/20: Guosen Securities to Use UAC 162 Network for Online Stock Trading
03/15: Michael Bianco Is the New President & CEO of Sinobull.com; Hartcourt Subsidiary Is Putting Finishing Touch on Its Portal Launch and IPO
03/13: SinoBull.com to Develop WAP Connectivity for Mobile Phone Services
03/08: StreamingAsia.com is the Official Webcaster for Hong Kong Stock Exchange; Hartcourt Subsidiary is a Rising Star In Hong Kong Internet
03/06: Sinobull.com (A Hartcourt Subsidiary) Web Site Is a Hit with Chinese Investors
02/29: Hartcourt to Invest in Sichuan Cable Network
02/16: Chairman to Speak on China Market for Online Stock Trading
02/14: Hartcourt to Invest in eIMPACT Solutions
01/24: Hartcourt Applies For Nasdaq NMS Listing
01/14: Hua Xia Launches Set Top Boxes with Microsoft and Legend
01/10: Hartcourt Shares Gain 5,264 Percent in 1999
01/06: Hartcourt Funding Agreement Increased to $35 Million

1999 Headlines
12/29/99: Hartcourt Appoints BDO International to be its Auditors
12/28/99: Sinobull.com Agrees to Acquire 50% of Shanghai Guo Mao
12/23/99: Hartcourt UAC JV Generating Publicity On Government Media
12/19/99: Sinobull.com to Purchase 40% of Shangdi Network
12/13/99: Sinobull.com Engages Ernst & Young for IPO Business Plan
12/07/99: Sinobull.com Agrees to Buy 50% of Internet Software Company
12/01/99: eSAT Inc. and Hartcourt Come to Terms on Strategic Alliance
11/18/99: Sinobull.com Formed as IPO Company for UAC Online and FinTel
11/15/99: Hartcourt Signs Agreement for $25 Million Equity Line Funding
11/02/99: Hartcourt UAC JV Signs with Beijing Telecom; Gains Gov't Funding
10/25/99: Hartcourt Signs JV Agreement For Wireless ISP and IP Phone
09/22/99: Hartcourt Completes Acquisition of Financial Telecoms Ltd.
09/09/99: Hartcourt to Convert 15% of Stock Options in UAC Online
08/25/99: Hartcourt Acquires 58% of Financial Telecom of Hong Kong
07/20/99: Hartcourt to Participate in National ISP Venture in China
07/12/99: Hartcourt Approved for Listing on German Stock Exchange
06/29/99: Hartcourt Acquires 35% of China's First Online Trading Co.
06/03/99: Hartcourt to Distribute Share Certificates of Enova Holdings
03/25/99: Hartcourt to Divest 65% of ECS to Mgmt and Investors' Group
03/25/99: Hartcourt Exchanges Interest in Peony Garden Project, Beijing
03/24/99: The Hartcourt Companies Inc. to Spinoff U.S. Operations
03/24/99: The Hartcourt Companies Inc. Issues Rebuttal Statement
03/23/99: First Foreign Firm Allowed; Hartcourt to Merge with Chinese ISP

Viel Erfolg und Spass mit HARTCOURT!!

Gruß
Trader

Hallo Hartcourt-Fans. In USA kommt allmählich Bewegung in den Kurs, da nur noch 1 Woche bis zur PK Zeit ist, in den Wert zu investieren. Die Anleger werden allmählich nervös. Hier noch Infos für Unentschlossene:

09/07: Hartcourt Subsidiary Streaming Asia to Webcast Hong Kong Congressional Elections
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/24: Hartcourt to Announce New Strategic Structure and Partners; Company Schedules Hong Kong News Conference For September 21, 2000
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/17: Hartcourt Forms Marketing Alliance with ChinaInfo -- China's Official Information Industry Portal
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/14: Hartcourt to Acquire 30 Percent Interest in Hong Kong-Based Koffman Securities Ltd.
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/12: Hartcourt Reports Second Quarter 2000 Financial Results
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/10: SinoBull and China Cable Networks Debut Financial TV Channel at China National Executive Forum
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/07: New SinoBull CEO Pledges Major Investment Banking Effort; Hartcourt Subsidiary Adopts New Structure As Part Of Plan To Maximize Shareholder Value
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/04: Hartcourt Capital Inc. Formed to Handle Online Financial Transactions; New Subsidiary Will Be Headed by Former CEO of Sinobull Group
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

08/01: Hartcourt To Acquire Major Stake In China's Leading Financial & Securities News Provider
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/24: Hartcourt Confirms Merger Talks With Hong Kong Stock Exchange Listed Company; Company Aims to Broaden Activities in Mainland China
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/20: Media Applauds Hartcourt Business Model as Superior for Internet Ventures in China
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/12: SinoBull.com Inc. Provides Content to Securities Daily -- the Official Newspaper For China's Banking & Securities Industries
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

07/07: SinoBull Group Introduces Comprehensive China-Wide E-Finance Platform at Beijing Ceremony
www.newsalert.com/bin/...Q=hrct&Nav=na-search-&StoryTitle=hrct

Other headlines this year
06/29: Hartcourt Subsidiary Develops Revolutionary Wireless Online Solution for China Markets
06/26: Hartcourt's SinoBull Subsidiary Establishes Strategic Alliance With China's People's Daily; Shanghai Guo Mao to Provide Content for Leading Financial Newspaper in China
06/19: Hartcourt to Invest in China Online, Largest Private ISP in China; Hartcourt and Rayes Group Will Develop COL into a Commercial Broadband ISP in China
06/15: Hartcourt Confirms Subsidiary Has Entered Into Profit Sharing & Content License and Usage Agreement With Yahoo! Holdings Ltd.
06/12: Hartcourt Subsidiary to Deliver Financial Content to Nokia Mobile Phones Distributed in China
06/08: SinoBull Group Selected by Anshan Securities Co. To Provide Online Trading in Shanghai
06/06: Hartcourt Subsidiary to Participate with China Telecom In Campaign to Bring ISP Services to 10 Million New Users
06/02: Hartcourt Subsidiary StreamingAsia.com to Host Web Site of Leading Chinese Motion Picture
05/30: Hartcourt Subsidiary Acquires 100% Interest of LogicSpace Ltd., a Leading Web Solutions Pioneer
05/25: Hartcourt Subsidiary and China Cable Networks - CCN - to Jointly Develop the 'CCN Financial TV Channel' Prior to WTO Approval
05/22: Hartcourt Subsidiary Sinobull.com Completes Acquisition of 50% Interest of Shanghai Guo Mao; Agreement is a Prelude to a 100% Merger of the Two Entities
05/15: Hartcourt Announces Selection of StreamingAsia.com to Deliver Chinese Sports Video and Audio Over the Internet
05/09: Hartcourt Selected to Help Open Chinese People's Supreme Court Cases to Internet Access
04/28: Sinobull.com Announces Online Relationship With Third Chinese Securities Trading Firm
04/26: Sinobull.com Takes 50% Stake in StreamingAsia.com
04/25: Sinobull.com, a Hartcourt Subsidiary Completes Acquisition of 50 Percent of StreamingAsia.com
04/17: Hartcourt Reports 1999 Financial Results and Success in Acquiring Chinese Internet Businesses
04/12: Hartcourt's Subsidiary, Financial Telecom of Hong Kong, Acquires 51% of Data Transmission Network
04/10: Hartcourt Appoints a Wireless Telecom Expert, Dr. Charlie Q. Yang, to Chief Operating Officer
04/04: Hartcourt Companies, Owner of China-wide Internet Businesses, Retains FRB BSMG; Premier Chinese Financial Portal, Sino Bull, Among Hartcourt Holdings
03/28: Hartcourt's Subsidiary, UAC Online, Releases Chinese Stock Trading Applications for Palm OS and Windows CE
03/23: Hartcourt Appoints Mr. Duc Duong Chief Technology Officer
03/20: Guosen Securities to Use UAC 162 Network for Online Stock Trading
03/15: Michael Bianco Is the New President & CEO of Sinobull.com; Hartcourt Subsidiary Is Putting Finishing Touch on Its Portal Launch and IPO
03/13: SinoBull.com to Develop WAP Connectivity for Mobile Phone Services
03/08: StreamingAsia.com is the Official Webcaster for Hong Kong Stock Exchange; Hartcourt Subsidiary is a Rising Star In Hong Kong Internet
03/06: Sinobull.com (A Hartcourt Subsidiary) Web Site Is a Hit with Chinese Investors
02/29: Hartcourt to Invest in Sichuan Cable Network
02/16: Chairman to Speak on China Market for Online Stock Trading
02/14: Hartcourt to Invest in eIMPACT Solutions
01/24: Hartcourt Applies For Nasdaq NMS Listing
01/14: Hua Xia Launches Set Top Boxes with Microsoft and Legend
01/10: Hartcourt Shares Gain 5,264 Percent in 1999
01/06: Hartcourt Funding Agreement Increased to $35 Million

1999 Headlines
12/29/99: Hartcourt Appoints BDO International to be its Auditors
12/28/99: Sinobull.com Agrees to Acquire 50% of Shanghai Guo Mao
12/23/99: Hartcourt UAC JV Generating Publicity On Government Media
12/19/99: Sinobull.com to Purchase 40% of Shangdi Network
12/13/99: Sinobull.com Engages Ernst & Young for IPO Business Plan
12/07/99: Sinobull.com Agrees to Buy 50% of Internet Software Company
12/01/99: eSAT Inc. and Hartcourt Come to Terms on Strategic Alliance
11/18/99: Sinobull.com Formed as IPO Company for UAC Online and FinTel
11/15/99: Hartcourt Signs Agreement for $25 Million Equity Line Funding
11/02/99: Hartcourt UAC JV Signs with Beijing Telecom; Gains Gov't Funding
10/25/99: Hartcourt Signs JV Agreement For Wireless ISP and IP Phone
09/22/99: Hartcourt Completes Acquisition of Financial Telecoms Ltd.
09/09/99: Hartcourt to Convert 15% of Stock Options in UAC Online
08/25/99: Hartcourt Acquires 58% of Financial Telecom of Hong Kong
07/20/99: Hartcourt to Participate in National ISP Venture in China
07/12/99: Hartcourt Approved for Listing on German Stock Exchange
06/29/99: Hartcourt Acquires 35% of China's First Online Trading Co.
06/03/99: Hartcourt to Distribute Share Certificates of Enova Holdings
03/25/99: Hartcourt to Divest 65% of ECS to Mgmt and Investors' Group
03/25/99: Hartcourt Exchanges Interest in Peony Garden Project, Beijing
03/24/99: The Hartcourt Companies Inc. to Spinoff U.S. Operations
03/24/99: The Hartcourt Companies Inc. Issues Rebuttal Statement
03/23/99: First Foreign Firm Allowed; Hartcourt to Merge with Chinese ISP

Viel Spass mit HARTCOURT

Gruß Trader

hört sich ja ziemlich gut an.

Hoffen wir nur, das die erwarteten Benefits vom Amerikanischen Markt sich auch am Frankfurter Parket durchsetzen.

Hope so, habe Sie nämlich auch. (-:

Gruß

Avant

Wollte noch eine Menge Infos für Unentschlossene ins Board stellen, scheint aber nicht zu funktionieren. Schade!!
In USA kommt langsam Bewegung in den Wert. Die Anleger werden zunehmend nervöser, je näher der Tag der Pressekonferenz ( 21.9.2000 )rückt.
Nach meiner Meinung ist im Moment die letzte Chance gegeben, so preiswert in HRCT zu investieren.Die fundamentalen Daten ( die ich in einer Übersicht nochmals posten wollte ) stimmen einfach, und es ist Dr. Phan und seinem Team zu gönnen, die Früchte für 1 Jahr erfolgreiche Arbeit zu ernten. In diesem Sinne: Viel Spass und Freude mit HARTCOURT ( Kurs 0° = Norden )!!

Gruß
Trader

Kurs hat heute gut zugelegt. Was hälst Du auch von US-Wireles ?? Das könnte auch etwas werden.

und das ist erst der Anfang. Die Informationen sind gut, Trader. Es kocht, brodelt und blubbert.

Hartcourt Subsidiary Streaming Asia to Webcast Hong Kong Congressional Elections Jump to first matched term

LOS ANGELES, Sept. 7 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT) www.hartcourt.com announced today that StreamingAsia.com and Metro Broadcast Corporation will webcast the 2000 Legislative Council Elections to be held in Hong Kong this Sunday, September 10, 2000.

This year StreamingAsia and Metro Broadcasting are helping to virtually extend election coverage to thousands of viewers throughout Hong Kong and beyond, via a live webcast on the Internet. Metro will launch an "Elections Live" television and radio broadcast on election day, providing live coverage of the candidates and issues which should encourage voters to seize the opportunity and actively participate in the elections. After the polls close, the programming will switch to giving viewers and listeners up to the moment election results and interviews with the candidates.

In an arrangement with its streaming media partner, the audio and video feed will be picked up by StreamingAsia.com, and those interested will be able to view and listen to the a live webcast of Metro's election coverage. The webcast, which will take place on September 10th, and will run from 8:30 a.m. until 12:00 p.m. on Monday, and can be accessed at www.legco2000.com.

"StreamingAsia.com is very pleased to be working with news industry leader Metro Broadcasting Corporation in covering this important news event" said Patrick Kwan, chairman of StreamingAsia. "The fact that StreamingAsia.com was chosen to co-produce and webcast such a high profile event further solidifies our position as the premier streaming media solution provider in our market space."

About StreamingAsia

StreamingAsia (www.streamingasia.com) provides content publishers Web portals with services for the delivery of "streaming" or live and on-demand video and audio content over the Internet. StreamingAsia is a wholly owned subsidiary of SinoBull Group and is responsible for the design, operation and maintenance of SinoBull Group's Web site. SinoBull Group is 48% owned by The Hartcourt companies, Inc.

SOURCE The Hartcourt Companies, Inc.

/CONTACT: Jack Westfield, Vice President, Corporate Finance of The
Hartcourt Companies, Inc., 310-410-7290, Jwestfield@hartcourt.com/

/Web site: www.streamingasia.com/

/Web site: www.legco2000.com/

/Web site: www.hartcourt.com/

(HRCT)

Hartcourt's new international growth strategy was twofold. First, the company focused on acquiring companies in electronics, industrial distribution, and the communications industries, with a special interest in developing markets in Asia. Second, once a business was acquired, Hartcourt assisted in the growth of the subsidiary by providing management with support, capital infusion, and strategic alliances. In addition, the decision to divest itself of the China facility provided the company with a firm asset base and cash flow to support the company's expansion plans. Using these strategies, Hartcourt has evolved from a struggling company with revenues of $74,000 in 1994 to a flourishing growth company with pro forma revenues of over $20,000,000 in 1997. During this time, the capital base rose from $2,000,000 to $37,000,000. Sales revenue for 1998 should exceed $23 million.

Since the sale of the China facility, and with the recent acquisitions of Pego Systems, Inc. and the joint company of Electronic Components and Systems, Inc. (ESC)/Pruzin Technologies, Inc., Hartcourt has become an impressive holding company combining several small companies in the high-tech industry into one company large enough to be competitive.
 

AMERICAN HOLDINGS
Hartcourt's initial acquisition, Pego, is a 27-year-old corporation that manufactures and distributes environmental and filtration control equipment. This company, which dominates the California, Arizona, and Nevada regions, gets its revenues from three areas of operations: distribution of environmental and filtration control equipment, custom-designed air and gas processing systems, and equipment service for existing clients.

In 1997, Pego generated $6.6 million in sales and showed more than $400,000 in profit. The company, which enjoys a competitive advantage in its marketplace, has been growing at an annual rate of 10 percent. This established corporation has exclusive distribution agreements with some of the country's leading Fortune 500 companies, including the Coca-Cola Company, Procter & Gamble, Mobil, and Arco, as well as government installations such as Air Force bases and several local municipalities.

Hartcourt's second acquisition, Electronic Components and Systems, Inc. (ECS) / Pruzin Technologies, had merged operations in 1988 for greater operating efficiency. The combined company has grown in revenue from $300,000 to over $14 million in 1997.  

Pruzin pioneered the technology of ball-grid array connection for integrated circuits, which dramatically improves the efficiency of most printed circuit boards. ECS specializes in high-tech manufacturing and assembly of printed circuit boards, telephone cable wires, and plastic injection. In addition, it has become the leading manufacturer of cable reception and channel switching boxes for the cable television industry as a result of its contract with General Instruments. Other major customers include Intel and Motorola.

To further enhance the twofold focus of the company and to strengthen the holdings of its shareholders, Dr. Alan Phan, President of Hartcourt, has announced a separation of the company's U.S. and foreign interests and the creation of a new publicly held company. The Nevada-based Enova Holdings Inc. (ENVA) will hold, develop, and seek additional business opportunities in the United States. Enova shares will be distributed to all existing Hartcourt shareholders - what amounts to a stock split. "We are completing the Form 10-SB for submittal to the SEC. We do not control the processing, so we cannot give you an exact date for listing on OTC BB; but the average waiting period is about 100 days. As Pego Systems is profitable and having strong growth, together with the completion of 2 potential acquisitions, the starting bid price for Enova shares should be fantastic", Dr. Alan Phan, President and Chairman of the Board of Hartcourt, said today. According to Dr. Phan, Hartcourt, the parent company, will also seek additional opportunities and acquisitions in China.
 

Hartcourt and China's Internet

The number of Internet users in China will reach 2.2 million by the end of June 1999, according to a survey conducted by Computer Network Information Centre - almost triple the 620,000 users in October 1998. Only a small fraction of China's 1.25 billion people currently have access to the Internet, but growth in Internet use has been explosive and industry analysts say the number of surfers could reach seven million by 2001. In the coming millennium, this growth momentum may hit more than 100 percent per year, Qian Hualin, vice president of China Daily, noted in March 1999.

Hartcourt has completed negotiations with three major Internet companies in China:  

1. UAC Online Trading: UAC is the only firm allowed to use the Chinese intranet called CHINAPAC to connect investors to the brokerage houses for trade execution. It has contracts to extend the service to at least 98 offices this year; and should be able to connect all 4,000 brokerage offices in 3 years.

2. IPC Technology International : IPC is the representative of a major state-owned Internet company in Beijing. It has the 5th national license of ISP for China; and is guaranteed 200,000. subscribers for its operation within 24 months.

3. Another company Stockreporter.de does not yet know the name of (name withheld until announced by Hartcourt): This company is a real time stock quote and financial data provider, who has operated out of Hongkong for 14 years. It is like the Standard & Poors of Hongkong. This company and UAC will be a perfect match to launch a comprehensive Internet financial service for China.

The negotiation process is complicated due to the high sensitivity of the Chinese government on matters which have political impact. However, with Hartcourt's past record on Chinese investments, the government has extended great flexibility toward the company and the mentioned agreements.  

The reason for this prediction of rapid growth is the expectation that the Chinese government will soon abolish much of the red tape now surrounding the application for an Internet connection. If this subscriber target is met, CIH revenues should grow to an estimated $95 million, with a net of $14 million by December 2001.

These acquisitions by Hartcourt allow the company to have an exclusive opportunity in the new but rapidly expanding commercial Internet business in China. The Chinese Internet market historically has been very hard to break into; many leading American and European Internet companies have tried unsuccessfully. The open-door policy initiated by the Chinese government 25 years ago has created a situation where new opportunities emerge almost daily. Yet, this is the first time that a foreign company will actually be allowed to participate in state-owned assets, and could be the foundation of the first time in China that there is a privately operated nationwide Internet business.  

"Subject to our ability to commit the necessary resources and depending on the group's ability to market and attract a high percentage of China's current population of 200 million potential customers, the Chinese joint venture can buy out the government's position and effectively convert the venture into a privately owned company and become Asia's largest Internet provider," stated Dr. Phan. "China is, and will continue to be, an enormous and lucrative market for foreign businesses and investors alike."
 

FINANCING
Hartcourt is working on 2 separate financing structures:

1. A private placement of $10 Million worth of HRCT shares: Hartcourt has received an offer from a small banking firm for the $10 Million equity. However, Hartcourt does not like the fee and the discount percentage on the share price. Hartcourt is also waiting on the due diligence result from a well-known bank. Dr. Alan Phan's trip this week to Hongkong is to finalize the banking agreement, if they decide to go ahead. Meanwhile, 4 individual investors have agreed to purchase a total of $3.5 Million if Hartcourt undertakes to do its own offering (it will save Hartcourt plenty of banking and commission fee). Overall, it is not a question of whether Hartcourt will get the financing, but which terms should Hartcourt accept from whom? Also, the $3 Million credit line obtained from the $10 Million marketable securities Hartcourt owns will be sufficient  to complete the UAC deal alone.

2. Convertible debts of $45 Million for the ISP Joint Venture: Hartcourt has ongoing discussion with a major Hongkong investment banking firm and with a telecom investment fund in New York. The results should be clear by end of August. Meanwhile, other investment banks have expressed interest, so there are many alternatives to above firms. Please bear in mind that this financing arrangement has nothing to do with the completion of the UAC deal or the other deal.

Currently everybody is pushing Hartcourt to get the financing done to help the share price, but according to Dr. Alan Phan, Hartcourt will wait for the best deal from the highest quality companies. One of Hartcourt Îs mistakes in the past was its hasty acceptance of expensive financing from low-quality people. "We will not repeat this mistake", Dr. Alan Phan said today.
 

The Strategic Alliance And The Merger
Since the announcement of the UAC and IPC transactions, Hartcourt has received many offers and proposals, including the outright purchase of some small ISP companies in the US. Hartcourt has discussed and planned to engage a well-known firm, specializing in matching partners in hi-tech strategic alliances. "From the initial responses, we will have one or two partners, who are major famous Internet companies in the US to help us with the technical management. We should complete this step by October 1999. Meanwhile, we have entered into serious discussion to acquire a sizable profitable Internet firm to create a solid platform, technologically and financially. If the deal is consummated, it will change the whole perception on Hartcourtâs Internet capabilities." Dr. Alan Phan said today.
 

CORPORATE MANAGEMENT  
The management of Hartcourt (HRCT) is first class and consists of Dr, Alan V. Phan, Mr. Leonard J. Roman, Mr. James Pruzin, Mr. Michael Caruana, and a highly skilled team of industry experts. With this group, the Company is able to fulfill each area of business required to manage this Company effectively. In addition, the Company has access to other intellectual resources that may be retained on an as-needed basis in the areas of technical support, development, finance, and strategic planning:

Dr. Alan V. Phan, CEO and Chairman of the Board: Dr. Phan has over30 years of experience in business management. He obtained his academictraining and degrees at Pennsylvania State University and Sussex College ofTechnology. Executive Vice President Em Kay Group and Eisenberg Companies, he established 11 industrial projects in Asia and South America. Additionally, Dr. Phan's professional business experience includes real estate development of over 200 homes. Due to Dr. Phan's extensive relationships in China, Hartcourt has been able to align itself with the local government and businesses.

Mr. Leonard J. Roman, Executive Vice President, Chief Financial Officer and Director: Mr. Roman has 28 years of diversified public and private business management experience having been a member of senior management at Cosmar Corporation and Financial Corporation of America, that during his tenure grew from obscurity to become the largest in their categories. His multi-faceted experience includes operations, finance as well as administrative functions in the manufacturing, distribution and the financial services industries. He is a CPA with Big Five experience having been with Price Waterhouse for 5 years. Mr. Roman earned his B.S. degree from St. John's University.

Mr. James Pruzin, President of E.C.S., Inc.: Mr. Pruzin graduated with a B. S. degree in accounting from Indiana University. He has been involved with manufacturing in Mexico for over 22 years in the capacities of both financial and operational management. ECS was started by Mr. Pruzin in 1988 and has grown to a company with revenue in excess of 14 million dollars, with operations in Phoenix and Tucson Arizona, as well as Mexico.

Mr. Michael Caruana, Director and President of Pego Systems, Inc.: Mr. Caruana is an engineer graduate from California State University at engineering and equipment manufacturing company specializing in unique applications of industrial processes, has grown from $500,000 to $7 million in sales under his ownership. Mr. Caruana has also been successful in exporting Pego products and services into Asia and Eastern Europe.  

Regarding the further development of the company's human resources and future recruiting of a new management team Dr. Alan V. Phan said today: "First of all, the management of these 3 operations will be the responsibilities of the Joint Venture partners. They are now well-staffed with excellent and experienced Chinese engineers and scientists, as well as international mangers and high-level technocrats. On Hartcourtâs side, the first step is to strengthen the Board of Directors with well-known celebrities from the hi-tech world. We have invited and conducted negotiations with a few individuals. These are news-makers in their own right. The second step is to select a CEO who has experience in managing a-billion-dollar hi-tech enterprise. We have engaged a head-hunting firm to do just that. Furthermore, if we complete the above-mentioned merger with the American Internet firm, we shall have over 50 hi-power ãtechniesä on our staff."  

In this context another great fact was also announced by Dr. Alan V. Phan today: "Conforming with our principle to work only with high-quality people, we have engaged the largest financial relation firm in the world. The announcement should come shortly. With a staff of over 800, this PR firm will create a completely new image for Hartcourt".
 

EVALUATION AND OUTLOOK
The following projections estimated by independent market experts according to Hartcourt's revenue projections are based on conservative assumptions. So we consider these figures to be both very realistic and achievable: With approximately 17.6 Million shares issued and outstanding Hartcourt is supposed to be profitable in the year 2000 and to achieve substantial earnings of $0.30 per share in the year 2000. Therefore we set our share price target to a least $9 at a conservatively estimated PER of only 30 which in case of this tremendous growth potential seems to be even too conservative.  

On the whole it may be said that The Hartcourt Companies (HRCT) possibly will be able to make even more profit in the year 2000 than we expect. Consequently we would like to mention in advance that Stockreporter.de might have to increase the profit expectations upon availability of new improved earnings projections. According to these facts we are strongly convinced that the share of The Hartcourt Companies (HRCT) currently is drastically undervalued. Therefore we believe that the Company is one of the most exciting companies to come to our attention in recent years. Its enormous growth potential is both dynamic and unlimited.  

Last but not least we would like to mention an additional and very important aspects: The management of the Company is currently beginning to apply for a listing at the NASDAQ. So in particular, this forthcoming listing of The Hartcourt Companies (HRCT) with regard to the renowned NASDAQ will massively inspire the share price. Therefore we believe especially this fact of taking the stock public to a major stock exchange will bring a massive thrust of both new retail and new institutional investors driving the share price into dimensions the stock really deserves.  

"As promised, we shall re-file the NASDAQ application once the share price reaches $5. We believe that if we prove without any doubt that we have the financing to carry out the contracts, the market will reward us with the desired price. Furthermore, if the merger with the selected Internet firm is realized, this goal could be reached sooner than expected." Dr. Alan V. Phan, CEO and Chairman of the Board, said today. He added: "The Hongkong GEM (Growth Enterprise Market) will start accepting application in September, and we will be there. As for Singapore, we are preparing the documents with our sponsors to apply to SESDAQ."  

Furthermore The Hartcourt Companies (HRCT) is already listed at the Berlin Stock Exchange, the major European OTC stock exchange, to increase the international exposure and to establish new investor relations in Europe (the securities code is  900 009). All these listings open the door for new major institutional investments by e.g. national funds and investment bankers and will reduce the negative influence day traders currently have. For that reason potential investors have got only now the extremely unique and promising opportunity to invest in the shares of The Hartcourt Companies (HRCT) on a more than advantageous share price level.  

In this context Dr. Alan V. Phan, CEO and Chairman of the Board, said today: "I always believe that Hartcourt is a long play which eventually pays off big for investors. However, I understand that market forces and speculators could cause tremendous fluctuation to the stock price, therefore, it is definitely not the stock for those who are interested in short-term profit."

According to these facts and the great opportunities the new major listings probably will offer we are strongly convinced that the shares of The Hartcourt Companies (HRCT) is drastically undervalued at a current price of less than $1.20 offering a short and mid term potential of more than 600%. For this reason we believe that the HRCT share currently is one of the most exciting and most promising investment opportunities for both retail and institutional investors and that the HRCT share is going to be one of the best performing micro cap shares in the next weeks and months.  

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