Hartcourt Organizes Due Diligence Trip to China For Reporters, Analysts and Shareholders
Trip Will Coincide with the '2001 Hartcourt Internet Investment Conference' for Chinese Entrepreneurs in Beijing
LOS ANGELES, Oct. 10 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT) (www.hartcourt.com) announced today that it is organizing a due diligence trip to China for reporters, analysts and its shareholders. Attendees will have a chance to visit all of the operations sites of Hartcourt's subsidiaries and to meet with the managers and staff in an open format. All are invited to see first-hand the way these Chinese entities are doing business and to make their own assessment as to the value of Hartcourt's foreign operations. There will also be ample opportunity for attendees to take in some sightseeing, shopping and to absorb some of the rich Chinese culture and enjoy its famous culinary delights.
The group will leave Los Angeles on Wednesday 27 December 2000 at noon. The group will be in Hong Kong on the 29, 30 and 31st of December 2000 where they will visit Financial Telecom Ltd, StreamingAsia, iSyndicate, Asia Paging and Koffman Securities. A New Year's Eve Party will be hosted by Hartcourt's Hong Kong staff. On the 1st and 2nd of January 2001, the group will be in Shanghai where their hosts will be Guo Mao Financial, Wind Info and Financial TV. From the 3rd to the 5th of January 2001, they will be in Beijing where they can visit UAC, Shangdi Networks, TSS and Innostar. On January 4th 2001, all are invited to attend the ``2001 Internet Investment Conference'' organized & sponsored by Hartcourt, which will be co-sponsored by other Chinese-based Internet companies and investment bankers. The main topic of the conference is to provide Chinese entrepreneurs with insights into the ways and means of financing Internet ventures in the current financial environment.
Anyone wishing to participate in this trip or its activities must register with Hartcourt's Los Angeles office prior to November 10th 2000. The cost of the trip is $1,700 per person, including round-trip airfare, hotel, breakfast and sightseeing trips. For details, please contact Ms. Grace Li, Hartcourt Office Manager at (310) 410-7290, ext 203. Those wishing to arrange their own transportation or lodging can do so but must still register with Ms. Li prior to 11-10-00 to be included in the other group activities.
Dr. Alan Phan, Chairman of Hartcourt, said, ``The best way to appreciate Hartcourt's expanding assets is to see them for yourself. I believe that what we have achieved during the past 12 months with limited financial resources is truly amazing. By coming to China, not only will you be able to see why we believe that China will be the fastest-growing market in the world for the next 20 years, you will get a better understanding of the current value of our existing assets and a clearer idea as to how these assets will be valued in the future. I am convinced that you will be very impressed with what you see.''
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. Hartcourt's business goal over the next three years is to complete a series of IPOs or spin-offs focused on four main divisions: StreamingAsia, the streaming content (video/audio) web-casting and web hosting leader in Hong Kong; SinoBull Financial Group, the multi-media financial data provider and online securities trading platform; the Broadband ISP and Internet infrastructure group; and Hartcourt Capital Inc., the financial E-Finance transactions platform offering online banking, securities, insurance, equipment leasing, credit, and B2B transaction settlements.
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.
SOURCE: The Hartcourt Companies, Inc.
Trip Will Coincide with the '2001 Hartcourt Internet Investment Conference' for Chinese Entrepreneurs in Beijing
LOS ANGELES, Oct. 10 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT) (www.hartcourt.com) announced today that it is organizing a due diligence trip to China for reporters, analysts and its shareholders. Attendees will have a chance to visit all of the operations sites of Hartcourt's subsidiaries and to meet with the managers and staff in an open format. All are invited to see first-hand the way these Chinese entities are doing business and to make their own assessment as to the value of Hartcourt's foreign operations. There will also be ample opportunity for attendees to take in some sightseeing, shopping and to absorb some of the rich Chinese culture and enjoy its famous culinary delights.
The group will leave Los Angeles on Wednesday 27 December 2000 at noon. The group will be in Hong Kong on the 29, 30 and 31st of December 2000 where they will visit Financial Telecom Ltd, StreamingAsia, iSyndicate, Asia Paging and Koffman Securities. A New Year's Eve Party will be hosted by Hartcourt's Hong Kong staff. On the 1st and 2nd of January 2001, the group will be in Shanghai where their hosts will be Guo Mao Financial, Wind Info and Financial TV. From the 3rd to the 5th of January 2001, they will be in Beijing where they can visit UAC, Shangdi Networks, TSS and Innostar. On January 4th 2001, all are invited to attend the ``2001 Internet Investment Conference'' organized & sponsored by Hartcourt, which will be co-sponsored by other Chinese-based Internet companies and investment bankers. The main topic of the conference is to provide Chinese entrepreneurs with insights into the ways and means of financing Internet ventures in the current financial environment.
Anyone wishing to participate in this trip or its activities must register with Hartcourt's Los Angeles office prior to November 10th 2000. The cost of the trip is $1,700 per person, including round-trip airfare, hotel, breakfast and sightseeing trips. For details, please contact Ms. Grace Li, Hartcourt Office Manager at (310) 410-7290, ext 203. Those wishing to arrange their own transportation or lodging can do so but must still register with Ms. Li prior to 11-10-00 to be included in the other group activities.
Dr. Alan Phan, Chairman of Hartcourt, said, ``The best way to appreciate Hartcourt's expanding assets is to see them for yourself. I believe that what we have achieved during the past 12 months with limited financial resources is truly amazing. By coming to China, not only will you be able to see why we believe that China will be the fastest-growing market in the world for the next 20 years, you will get a better understanding of the current value of our existing assets and a clearer idea as to how these assets will be valued in the future. I am convinced that you will be very impressed with what you see.''
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. Hartcourt's business goal over the next three years is to complete a series of IPOs or spin-offs focused on four main divisions: StreamingAsia, the streaming content (video/audio) web-casting and web hosting leader in Hong Kong; SinoBull Financial Group, the multi-media financial data provider and online securities trading platform; the Broadband ISP and Internet infrastructure group; and Hartcourt Capital Inc., the financial E-Finance transactions platform offering online banking, securities, insurance, equipment leasing, credit, and B2B transaction settlements.
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.
SOURCE: The Hartcourt Companies, Inc.
