Now This Sounds AWESOME....
WALL STREET WEST NEWSWIRE
July 11, 1999
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HARTCOURT COMPANIES: THE STOCK OF THE WEEK! THE NEXT AOL? THE NEXT E-TRADE? THE NEXT INTERNET SUPERSTOCK?
Hartcourt Companies, Inc. (OTCBB:HRCT:$1.13). HRCT had HUGE volume on Friday, with almost the entire float turning over in a day. HRCT is a VERY EXCITING situation with the potential of being the Wall Street West Internet Superstock of the year! We think this stock holds at least as much potential as Digitcom of last year (.40 to $8) and Rbid.com a couple of months ago ($1.50 to $16). HRCT is a very explosive situation because of the nature of what the company does. Our short term target is the $3 to $5 area minimum. Here is the exciting story:
Hartcourt Companies, Inc. is essentially a Los Angeles based firm that has business interests over in China. These Interests have to do with the INTERNET. HRCT recently announced that they have agreed to acquire 35% of China's very first and only online Stock Exchange. HRCT recently announced that they have agreed to acquire 35% of China's very first ONLINE TRADING SYSTEM (UAC). The system has been operating at one office of Hua Xia Securities in Beijing and the results are excellent, in terms of technology as well as financial.
Hua Xia Securities, the second-largest brokerage firm in China, has signed an agreement to install the new system in all of its 98 offices nationwide. As the first and only CHINAPAC operating agent designated by China Telecom, UAC is in a unique position to market UAC 162 Network to all brokerage firms in China.
At present, there are 4,000 brokerage offices in China serving 40 Million investors. UAC's mission is to quickly capture as much market share as possible. Total revenue, excluding the TV set-top box users segment, is projected to exceed $40 Million by 2004, producing an annual net earning of $18 Million.
Dr. Alan Phan, Chairman and CEO of Hartcourt, confirmed that Hartcourt has signed agreements to joint venture with 3 Internet companies in China, including a national Internet Service Provider. Besides this announcement, Hartcourt will issue releases on the other two, once the Chinese parties approve the text. He said, ''We set our goal last year to become a major Internet company in China. With the completion of these three acquisitions, our goal is fast becoming a reality. With its technology and infrastructure, UAC has positioned itself to become the first and major E-trade in China. Its potential is mind-boggling, considering China stock market is already bigger than the Hong Kong stock market. In my personal opinion, UAC is ready to become another world-class online stock trading company, comparable to those household names in America.''
Mr. Shi Zhang, Chairman and President of UAC, agreed: ''China's stock market is growing very fast. To quickly capture the market share and better serve the investment community, we decided to team up with a foreign partner to access the latest technology and world capital markets. Hartcourt is our choice because they have been working on many China projects since 1979, giving them a good understanding of our system, culture and potential. Together, we should meet the projection of our business plan quite easily.''
The transaction is scheduled to close within the next 60 days. Hartcourt has the option to increase its 35% holding, should the Chinese government change its policy regarding foreign ownership in telecommunication companies, once China is admitted to the World Trade Organization (WTO).
Could HRCT be a Chinese version of AOL? Well, with a population of billions in China and a growing Internet industry in China it is entirely possible. What about 35% ownership of China's first and only online stock exchange? HRCT could be the next E-trade in China! Can you imagine if a company owned 35% of the NASDAQ stock exchange when it first was started. Any ideas as to what the value of that company would be today and how much of a reward early shareholders?
The bottom line is we think HRCT is HUGE! We think that when the investment community finds out about HRCT and what the company is doing they will jump all over it. When public floats turn over in a day, that is often a solid indicator that something is happening. We think HRCT could be bought out.
Some research this weekend revealed that there are rumours that HRCT recently entertained a buy out offer at $2.50 share and the company turned it down. We are also hearing rumours that the company will not sell for anything less than $10 a share! HRCT is a very special opportunity for very aggressive investors. We think it will gap up Monday morning and start heading a long way North!!! If bloomberg and other news agencies start picking up on this one that could help spark a massive stock price RUN UP. For more information about HRCT visit the company website at hartcourt.com. We think you will find the recent letter from the Chairman to the shareholders INTERESTING to say the least. We will keep you informed of any updates on HRCT via STOCK ALERT.
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