Gute oder schlechte Nachricht ? Sicher im Zuge der Positionierung im Chinesischen Markt nicht schlecht ... ich würde nur langsam mal gerne ein paar Zahlen sehen ... möglichst gute.
Aber urteilt selbst. Hier die Nachricht :
Hartcourt to Acquire Joint Venture Interest In World's First Fiber-based Broadband ISP
Hartcourt Plans Major Expansion Of Broadband ISP Service with @Family Networks Which Currently Provides 10 Mbps and 100 Mbps Broadband Access
Los Angeles, CA. 10/30/00 -- The Hartcourt Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that it has signed a stock purchase agreement to acquire up to 40% of the equity of @Family Broadband Networks Ltd., the first fiber-based broadband internet service provider being set up by ChinaCityNet Ltd. @Family Broadband Networks is an extension of the services currently being delivered by @Family Shanghai Broadband ISP (www.shanghaifamily.net), the first commercial broadband ISP in the world offering 10 Mbps and 100 Mbps internet access to consumers. This is 50-100 times faster than ADSL or cable modem broadband solutions. Hartcourt's investment into @Family Broadband Networks is subject to governmental approval and completion of a satisfactory due diligence process.
Over the past five years, @Family Broadband Networks' team designed and installed Shanghai Infoport, the first metropolitan-wide government-owned fiber optic network covering Shanghai with 58 fiber access nodes. @Family Networks, which also maintains the infrastructure network, recently received an exclusive five-year renewable agreement to use the network to provide broadband ISP services to consumers in Shanghai.
@Family has initiated deployment of 10 Mbps and 100 Mbps broadband access to consumers residing in high-rise buildings connected to @Family's last mile fiber or wireless solutions. The joint venture partners plan to expand services into Dalian and Tianjin, two large coastal cities that have announced plans to follow the Shanghai model and deploy city-wide fiber optical broadband networks. Internet users serviced by @Family Broadband Networks enjoy real time movie, video, and MP3 music at greater than 10 Mbps access speed. A typical user pays a US $60 - $100 installation fee plus a US $12 monthly usage fee. The number of subscribers of @Family Broadband Networks in Shanghai is expected to reach 50,000 over next 12 months.
Dr. Charlie Q. Yang, CEO of Hartcourt said, "Upon receipt of the necessary governmental approvals, Hartcourt will be the first foreign company to invest into a fiber-based broadband ISP in China. Together with our partners @Family and ChinaCityNet, we intend to expand these services into other major metropolitan markets in China beyond the initial target cities of Dalian and Tianjin, creating opportunities to lead the growth of China's broadband future."
About @Family Broadband Networks
@Family Broadband Networks is a joint venture company being set up by ChinaCityNet and Hartcourt to introduce foreign investment to expand broadband internet infrastructure and service deployment in China. @Family Broadband Networks is an extension of the success of @Family Shanghai Broadband, the first commercial broadband ISP in the world offering 10 Mbps and 100 Mbps internet access to consumers. ChinaCityNet has already invested in other Chinese metropolitan broadband network initiatives including Dalian Broadband (www.dalian.net.cn or www.dalian-info.net).
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.
Aber urteilt selbst. Hier die Nachricht :
Hartcourt to Acquire Joint Venture Interest In World's First Fiber-based Broadband ISP
Hartcourt Plans Major Expansion Of Broadband ISP Service with @Family Networks Which Currently Provides 10 Mbps and 100 Mbps Broadband Access
Los Angeles, CA. 10/30/00 -- The Hartcourt Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that it has signed a stock purchase agreement to acquire up to 40% of the equity of @Family Broadband Networks Ltd., the first fiber-based broadband internet service provider being set up by ChinaCityNet Ltd. @Family Broadband Networks is an extension of the services currently being delivered by @Family Shanghai Broadband ISP (www.shanghaifamily.net), the first commercial broadband ISP in the world offering 10 Mbps and 100 Mbps internet access to consumers. This is 50-100 times faster than ADSL or cable modem broadband solutions. Hartcourt's investment into @Family Broadband Networks is subject to governmental approval and completion of a satisfactory due diligence process.
Over the past five years, @Family Broadband Networks' team designed and installed Shanghai Infoport, the first metropolitan-wide government-owned fiber optic network covering Shanghai with 58 fiber access nodes. @Family Networks, which also maintains the infrastructure network, recently received an exclusive five-year renewable agreement to use the network to provide broadband ISP services to consumers in Shanghai.
@Family has initiated deployment of 10 Mbps and 100 Mbps broadband access to consumers residing in high-rise buildings connected to @Family's last mile fiber or wireless solutions. The joint venture partners plan to expand services into Dalian and Tianjin, two large coastal cities that have announced plans to follow the Shanghai model and deploy city-wide fiber optical broadband networks. Internet users serviced by @Family Broadband Networks enjoy real time movie, video, and MP3 music at greater than 10 Mbps access speed. A typical user pays a US $60 - $100 installation fee plus a US $12 monthly usage fee. The number of subscribers of @Family Broadband Networks in Shanghai is expected to reach 50,000 over next 12 months.
Dr. Charlie Q. Yang, CEO of Hartcourt said, "Upon receipt of the necessary governmental approvals, Hartcourt will be the first foreign company to invest into a fiber-based broadband ISP in China. Together with our partners @Family and ChinaCityNet, we intend to expand these services into other major metropolitan markets in China beyond the initial target cities of Dalian and Tianjin, creating opportunities to lead the growth of China's broadband future."
About @Family Broadband Networks
@Family Broadband Networks is a joint venture company being set up by ChinaCityNet and Hartcourt to introduce foreign investment to expand broadband internet infrastructure and service deployment in China. @Family Broadband Networks is an extension of the success of @Family Shanghai Broadband, the first commercial broadband ISP in the world offering 10 Mbps and 100 Mbps internet access to consumers. ChinaCityNet has already invested in other Chinese metropolitan broadband network initiatives including Dalian Broadband (www.dalian.net.cn or www.dalian-info.net).
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.
