SOURCE:
The Hartcourt Companies, Inc.
Hartcourt Subsidiary and IBM Form Software Partnership in China
SinoBull Financial Group Integrates IBM Open Standards Software for Chinese e-Finance Applications
LOS ANGELES, Jan. 4 /PRNewswire/ -- The Hartcourt Companies Inc.
(OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced
that its subsidiary, SinoBull Financial Group, has agreed to become an IBM
Partner (NYSE: IBM - news) for Software in China.
The agreement entitles SinoBull
Financial Group to integrate IBM's best available software technology into
SinoBull's e-solutions for the banking and securities industry in China.
The
partnership was structured to assist SinoBull's efforts in delivering greater
value to its customers, including proven ways to cut costs, speed up business processes and software development, and increase productivity for e-finance
applications.
Under the partnership arrangement, SinoBull will receive IBM partnership
benefits including free trainings and technical support in China.
IBM will
help SinoBull to choose from more than 3,000 products and components for
redistribution, resale and repackaging.
These are open standards-based,
ready-to-use, high-quality software technologies, components, sub-products and
packaged products that SinoBull can embed, integrate, preload or bundle with
its own products.
Ms. Xiaohong Liu, the lead manager of IBM Software Partner World in China,
said,
``IBM (China) welcomes SinoBull Financial Group as a new member of IBM
China Partners for Software.
We recognize SinoBull's leading position in
China's e-finance market and are offering SinoBull engineers all necessary
training and technical support to enhance the value of our working together as
strategic partners in China.''
Dr. Charlie Q. Yang, CEO of Hartcourt commented, ``We are very excited with
the opportunity of becoming an IBM Software Partner for China.
Former joint
activities between SinoBull and IBM dealt with other technical areas,
including voice recognition technology development for online stock trading.
We are now more focused on offering competitive solutions to our clients
operating within the highly profitable financial industry.
We believe that
the marketing of proven software solutions should translate into meaningful
revenue growth for the current year and beyond, and look forward to a
long-term and enriching relationship with IBM.''
About SinoBull Financial Group
SinoBull Financial Group, a Hartcourt subsidiary, is a financial
technology developer and Internet service provider.
SinoBull's operating
companies include: Beijing UAC E-Commerce Networks, Shanghai Guo Mao Science &
Technology, SinoBull Network Technology (formerly Shangdi Networks), and
Financial Telecom Ltd.
In addition to quality financial news, real-time market data, financial analysis and commentary via the SinoBull portal,
www.sinobull.com.cn, the SinoBull platform enables brokerage firms to provide
their clients with the ability to securely trade securities online.
The
company's E-Finance platform is an integration of the most advanced Internet,
telecommunication and wireless access systems available on the market today. The service platform and collateral content is offered via subscription to
leading securities brokerages, investment firms, banks, as well as media
companies throughout Greater China.
The Hartcourt Companies, Inc. owns
approximately 51% of SinoBull Financial Group.
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.
The Hartcourt Companies, Inc.
Hartcourt Subsidiary and IBM Form Software Partnership in China
SinoBull Financial Group Integrates IBM Open Standards Software for Chinese e-Finance Applications
LOS ANGELES, Jan. 4 /PRNewswire/ -- The Hartcourt Companies Inc.
(OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced
that its subsidiary, SinoBull Financial Group, has agreed to become an IBM
Partner (NYSE: IBM - news) for Software in China.
The agreement entitles SinoBull
Financial Group to integrate IBM's best available software technology into
SinoBull's e-solutions for the banking and securities industry in China.
The
partnership was structured to assist SinoBull's efforts in delivering greater
value to its customers, including proven ways to cut costs, speed up business processes and software development, and increase productivity for e-finance
applications.
Under the partnership arrangement, SinoBull will receive IBM partnership
benefits including free trainings and technical support in China.
IBM will
help SinoBull to choose from more than 3,000 products and components for
redistribution, resale and repackaging.
These are open standards-based,
ready-to-use, high-quality software technologies, components, sub-products and
packaged products that SinoBull can embed, integrate, preload or bundle with
its own products.
Ms. Xiaohong Liu, the lead manager of IBM Software Partner World in China,
said,
``IBM (China) welcomes SinoBull Financial Group as a new member of IBM
China Partners for Software.
We recognize SinoBull's leading position in
China's e-finance market and are offering SinoBull engineers all necessary
training and technical support to enhance the value of our working together as
strategic partners in China.''
Dr. Charlie Q. Yang, CEO of Hartcourt commented, ``We are very excited with
the opportunity of becoming an IBM Software Partner for China.
Former joint
activities between SinoBull and IBM dealt with other technical areas,
including voice recognition technology development for online stock trading.
We are now more focused on offering competitive solutions to our clients
operating within the highly profitable financial industry.
We believe that
the marketing of proven software solutions should translate into meaningful
revenue growth for the current year and beyond, and look forward to a
long-term and enriching relationship with IBM.''
About SinoBull Financial Group
SinoBull Financial Group, a Hartcourt subsidiary, is a financial
technology developer and Internet service provider.
SinoBull's operating
companies include: Beijing UAC E-Commerce Networks, Shanghai Guo Mao Science &
Technology, SinoBull Network Technology (formerly Shangdi Networks), and
Financial Telecom Ltd.
In addition to quality financial news, real-time market data, financial analysis and commentary via the SinoBull portal,
www.sinobull.com.cn, the SinoBull platform enables brokerage firms to provide
their clients with the ability to securely trade securities online.
The
company's E-Finance platform is an integration of the most advanced Internet,
telecommunication and wireless access systems available on the market today. The service platform and collateral content is offered via subscription to
leading securities brokerages, investment firms, banks, as well as media
companies throughout Greater China.
The Hartcourt Companies, Inc. owns
approximately 51% of SinoBull Financial Group.
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.
