MONDAY, JUNE 26, 2000 7:16:00 AM EST
LOS ANGELES, Jun 26, 2000 (BUSINESS WIRE) -- The Hartcourt Companies Inc. HRCTHCT, www.hartcourt.com, today announced that its SinoBull subsidiary, Shanghai Guo Mao, has established a strategic alliance with International Finance News, a leading financial newspaper published by People's Daily in China.
Shanghai Guo Mao, a leading network provider of financial products relating to futures and equities, will provide financial content, including daily market index charts and currency charts, to International Finance News for its "International Currency" and "Stock Market" sections.
International Finance News is published daily by People's Daily in three editions: Overseas, East China and South China. Shanghai Guo Mao will act as one of two content providers for market index charts; the other is the Reuters Group, a worldwide leading financial information and news group.
Dr. Alan Phan, chairman and CEO of Hartcourt, said: "People's Daily is among the most widely read newspapers in China. We are honored that Shanghai Guo Mao has been selected along with Reuters to be a financial content provider. This alliance is a clear indication of the success of our Chinese subsidiaries in providing high-quality financial information, as well as the recognition that SinoBull has achieved status as an authoritative resource."
About People's Daily
People's Daily, first published in 1948, publishes nine newspapers and six magazines. For more information, visit (www.peopledaily.com.cn) and International Finance News (www.intfn.com).
About Shanghai Guo Mao
Guo Mao is a subsidiary of SinoBull Group. It is principally engaged in the business of developing financial content for media and broadcasting networks in China. The company's programs cover information relating to Chinese and other Southeast Asian markets, as well as those in Europe and the United States.
Shanghai Guo Mao is the leading provider of real-time financial information and financial-related software to securities brokers, financial institutions, corporations, financial service companies and serious individual investors in China.
About the SinoBull Group
SinoBull is a technology-driven financial services group providing retail investors and financial institutions in Greater China with access to comprehensive financial information and the ability to execute financial transactions online.
SinoBull offers these services through four major channels: financial portal, online trading platform, data broadcasting and financial technology solutions. Sinobull.com Ltd. is planning to complete an initial public offering later this year. Their proprietary content is available at www.sinobull.com.
About Hartcourt
The Hartcourt Companies Inc. 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 the development of broadband networks and vertical market focused content for broadband and wireless applications.
Detailed information on Hartcourt and its major subsidiary SinoBull, which has developed a financial services Web portal and a platform providing secure online stock trading for major brokerage firms in China may 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.
The Financial Relations Board Inc. serves as financial relations counsel to this company and is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities.
CONTACT:The Hartcourt Companies Inc.
Jack Westfield, 310/410-7290
or
The Financial Relations Board
310/442-0599
Kristen Kopay (general information)
Carl Dameron (media)
Ed McNally (investors/analysts)
URL:www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
KEYWORD:CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET
TELECOMMUNICATIONS
NETWORKING
LOS ANGELES, Jun 26, 2000 (BUSINESS WIRE) -- The Hartcourt Companies Inc. HRCTHCT, www.hartcourt.com, today announced that its SinoBull subsidiary, Shanghai Guo Mao, has established a strategic alliance with International Finance News, a leading financial newspaper published by People's Daily in China.
Shanghai Guo Mao, a leading network provider of financial products relating to futures and equities, will provide financial content, including daily market index charts and currency charts, to International Finance News for its "International Currency" and "Stock Market" sections.
International Finance News is published daily by People's Daily in three editions: Overseas, East China and South China. Shanghai Guo Mao will act as one of two content providers for market index charts; the other is the Reuters Group, a worldwide leading financial information and news group.
Dr. Alan Phan, chairman and CEO of Hartcourt, said: "People's Daily is among the most widely read newspapers in China. We are honored that Shanghai Guo Mao has been selected along with Reuters to be a financial content provider. This alliance is a clear indication of the success of our Chinese subsidiaries in providing high-quality financial information, as well as the recognition that SinoBull has achieved status as an authoritative resource."
About People's Daily
People's Daily, first published in 1948, publishes nine newspapers and six magazines. For more information, visit (www.peopledaily.com.cn) and International Finance News (www.intfn.com).
About Shanghai Guo Mao
Guo Mao is a subsidiary of SinoBull Group. It is principally engaged in the business of developing financial content for media and broadcasting networks in China. The company's programs cover information relating to Chinese and other Southeast Asian markets, as well as those in Europe and the United States.
Shanghai Guo Mao is the leading provider of real-time financial information and financial-related software to securities brokers, financial institutions, corporations, financial service companies and serious individual investors in China.
About the SinoBull Group
SinoBull is a technology-driven financial services group providing retail investors and financial institutions in Greater China with access to comprehensive financial information and the ability to execute financial transactions online.
SinoBull offers these services through four major channels: financial portal, online trading platform, data broadcasting and financial technology solutions. Sinobull.com Ltd. is planning to complete an initial public offering later this year. Their proprietary content is available at www.sinobull.com.
About Hartcourt
The Hartcourt Companies Inc. 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 the development of broadband networks and vertical market focused content for broadband and wireless applications.
Detailed information on Hartcourt and its major subsidiary SinoBull, which has developed a financial services Web portal and a platform providing secure online stock trading for major brokerage firms in China may 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.
The Financial Relations Board Inc. serves as financial relations counsel to this company and is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities.
CONTACT:The Hartcourt Companies Inc.
Jack Westfield, 310/410-7290
or
The Financial Relations Board
310/442-0599
Kristen Kopay (general information)
Carl Dameron (media)
Ed McNally (investors/analysts)
URL:www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
KEYWORD:CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET
TELECOMMUNICATIONS
NETWORKING