The Hartcourt Companies, Inc. (HRCT) Message Board

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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)

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To: funincolo who wrote (1643)	12/11/2000 12:54:02 PM
From: StockDung	of 2413

nuttysites.com, KPMG end accounting relationship WASHINGTON, Dec 11 (Reuters) - Hartcourt Companies Inc. , a U.S.-based holding and development concern that is building a network of Internet and telecommunication service companies in China, said on Monday it has parted ways with its independent auditors and the search is on for another. Los Angeles-based Hartcourt and KPMG International agreed to end their relationship on Nov. 23, the company said in a filing with the Securities and Exchange Commission. "There were no disagreements with KPMG International on any matters of accounting principles or practices, financial statement disclosures or auditing scope or procedures through Nov. 23, 2000," according to the filing. Hartcourt said its board is currently interviewing other accounting firms. Hartcourt's shares closed on Friday at $1-1/32 on the Bulletin Board. The shares have traded as high as $9-28/32 and as low as 13/16 in the past 52 weeks. 08:57 12-11-00

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