Ruhig Blut - Die Jungs arbeiten an einer guten Story!
> Long Beach, Ca. 12/19/99. The Hartcourt Companies,
Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com,
today announced that Sinobull.com has agreed to
acquire 40 percent of Shangdi Network of Beijing.
Shangdi is one of three owners of Hua Xia Info, the
financial data arm of Hua Xia Securities, the second
largest and best-known brokerage firm of China.
Shangdi is also a major partner of Orient Financial
Research, a respected stock research and analysis
firm, in Shanghai. Sinobull.com , a subsidiary of
Hartcourt, is consolidating all Internet financial
services of other Hartcourt subsidiaries, including
UAC Online Stock Trading of China, Financial Telecom
of Hongkong, StreamingAsia.com of Hongkong and now,
Shangdi Network. Together, and with their existing
customers, they will form the most powerful financial
portal of Chinese Internet. Sinobull.com is planning
for an IPO in the second quarter of 2000.
Dr. Alan Phan, Chairman and CEO of Hartcourt,
said,"This is one of the most important components of
our Sinobull.com formation. The market position of Hua
Xia Securities in China is comparable to that of
Merrill Lynch in the US. Hua Xia Info, with their
financial reporters all over China and their own data
broadcasting network via TV cable channel, is
comparable to the Bloomberg network in the US. It is a
major coup for Hartcourt. It brings us brand name to
Chinese investors and credibility to international
investors. And we are not finished yet. Two more
strategic partners should be on board soon, and
Sinobull.com will be the unbeatable champion of
financial portals."
Mr. Zhiyong Mu, President of Shangdi, agreed," We are
happy to work with Sinobull.com. China stock market is
growing very fast. The Internet is the future medium
of financial markets. Hartcourt and all of its
companies possess strong technological innovation,
solid financial backing and excellent focused
strategy. With our synergy, Sinobull.com is a definite
winner. All Chinese investors will greatly benefit
from this alliance."