Geeeeez...
I thought Alan's middle name was Yahoo!
Yahoo-China? cn.yahoo.com
Gonna be a big week....
HRCT Profile Information: Updated 5/30/2000
Business Summary
HRCT is a holding company with a primary focus in online services in Asia. Hartcourt capitalized on its experience and connections in China to focus on the most promising area of the China market: the Internet. The ultimate goal of Hartcourt is to be the leading Internet company in Asia with a planned 18 acquisitions through year 2000. HRCT's currently announced joint ventures Sinobull, Innostar, China Law and SCIC have laid the ground and have enabled HRCT a giant step toward establishing itself as a major provider of on-line services in China. HRCT has also signed a term sheet agreement to acquire a major percentage of an ISP in China?announcement/acquisition pending due diligence by Morgan Stanley.
Company Website - hartcourt.com
Company PR's: hartcourt.com
Shares outstanding: 30 million Float: 18 million estimated
Financials: edgar-online.com
Nasdaq Application: hartcourt.com
Key Company relationships:
Auditors: BDO International? hartcourt.com
Sinobull Business Plan: Ernst & Young? hartcourt.com
Investor Relations: Financial Relations Board? hartcourt.com
China Telecom/Bejing Telecom: hartcourt.com
Financing: Swartz Private Equity, LLC: hartcourt.com
Yahoo-China? cn.yahoo.com
What is Sinobull.com joint venture?
Sinobull is a financial services provider/portal focusing on online trading, financial information and market data. Sinobull's revenue base encompasses advertising, licensing, online trading provider, vertical and horizontal content agreements. SinoBull.com will provide investors throughout Mainland China the resources of trading equities/futures/options online, gather extensive financial research information, real time quotes, message boards and a future planned financial cable TV network. sinobull.com
202.134.71.180
<em>UAC Online?</em>
operates the first and only nationwide licensed online trading network in mainland China, connecting investors with their stock brokerage offices via ChinaPAC; China telecom's nationwide secure 162 packet switched private network through computer, Legends "Stock Easy" set top boxes, and Palm PDA's? hartcourt.com
National License: hartcourt.com
Website: 162stock.com
<em>Financial Telecom Ltd...</em>
is a financial databank providing real-time stock quotes and other information of Hong Kong listed-companies to institutional and retail investors. FTL has been in business for 16 years and had HK $16.6 million in revenues in 1998. hartcourt.com
Website: asianetvest.com.hk
<em>StreamingAsia.com?</em>
is the leading Internet Broadcaster who provides comprehensive audio and video delivery or Streaming solutions to businesses, professionals, organizations, web site owners and content publishers. Our powerful network infrastructure enables us to stream superior-quality multimedia advertising, live event broadcasting and on-demand audio and video contents over the Internet to target web-enabled audiences all over the world. hartcourt.com
Website: streamingasia.com
LogicSpace Ltd.
is wholly owned Streaming Asia.com subsidairy and an Internet consulting and web application development company that provides a wide range of Internet services, including web page design, system architecture and solution implementation.
biz.yahoo.com
Website: logicspace.com
<em>Gou Mao of Shanghai ?</em>
Specializes in futures, indices and commodities data, which will complement the financial information database of Hua Xia Info, and the financial delivery systems of FinTel. hartcourt.com
Website: radiocompu.com
<em>China Broadcast and Television Cable Networks Ltd</em>
A multi-year effort with Shanghai Guo Mao to jointly develop and deploy a financial TV channel to be marketed to 80 million Chinese cable TV subscribers across all Chinese provinces and cities. The development and launch of the planned CCN Financial TV Channel should put the partnership into a
leading position similar to CNBC or CNN Financial programming broadcast in the United States
Website: www.ccn.net.cn
<em>Shangdi Network of Beijing?</em>
is one of three owners of Hua Xia Info, the financial data and media arm of Hua Xia Securities, the second largest brokerage firm in China. Through this relationship, SinoBull will obtain coverage and promotion from Hua Xia Info's cable TV financial channel, similar to Bloomberg TV. Hua Xia Securities will provide the brokerage house to process online stock trades. hartcourt.com
<em>Other relationships:
Legend computer</em>
Through joint development with Hua Xia Securities, Legend will produce inexpensive cable TV set top boxes for those investors wanting the ease of online trading, but without computer use. Legend is the largest manufacturer of computers in Mainland China, and the "Stock Easy" set top box will showcase the Sinobull Financial Portal.
Website: legend-holdings.com
<em>Sinobull Customer Relationships:</em>
Hua Xia securities: hartcourt.com
Xiagcai Securities: biz.yahoo.com
Guosen Securities of Shenzhen (www.guosen.com.cn): hartcourt.com
Streaming Asia customer list: streamingasia.com
ISP acquisition (announcement/acquisition pending DD by Morgan Stanley)?per the first quarter 2000 10Q report?
"On April 27, 2000, Hartcourt signed a Stock Purchase Agreement Term Sheet with a third party to form a new entity of which Hartcourt desires to purchase fifty-one percent (51%) of the outstanding shares of the capital stock and the third party agrees to retain the remaining forty-nine percent (49%) of the outstanding shares. The transaction is to close no later than 45 days following the execution of this Agreement during which time all due diligence shall be completed, which includes evaluation of the third party and the operating company by Morgan Stanley, a legal opinion of counsel as to the acceptability of the proposed structure of Hartcourt's acquisition of fifty-one percent (51%) of new entity, financial reviews, et al. On April 28, 2000, Hartcourt entered into an agreement with another third party who opened the escrow and deposited $10,000,000 on behalf of Hartcourt. Hartcourt is currently performing its due diligence and expects to complete the transaction."
What Is Innostar?
Innostar is a development stage nationwide Internet Service Provider (ISP) and IP Phone Service in China. Innostar has been operating an IP Phone Service in Beijing for the last 14 months, in cooperation with a leading Chinese telecom company. ESAT Inc. was partnered to provide in providing high-speed Internet connections via satellite. Over the 3 months Innostar's partners and plan will unfold to become worth 5 times that of the Sinobull IPO. Innostar JV is due to IPO in the spring of 2001.
hartcourt.com
Website: hartcourt.com
eSAT Inc: hartcourt.com
Website: : esatinc.com
What is SCIC?
Sichuan China Integrated Cable Network Co. Ltd. (SCIC) is the newest of HRCT's joint venture investments. In combination with Shenzhen Sinlan Investment Co, SCIC will use the exclusive TV cable network in the capital city of Chengdu, Sichuan province to synergize Sinobull and Innostar.
Due to IPO in year 2001 hartcourt.com
What is China Law?
China Law Corp. announced an exclusive license with the PRC/Supreme People's Court to obtain the rights of online publication of the court cases and judicial interpretation of the Supreme People's Court of the PRC. HRCT has been selected by China Law Corp. to develop Internet access to the decisions of China's People's Supreme Court available through HRCT's Internet sites.
hartcourt.com
Other Relationships and Acquisitions:
eMPACT Solutions: hartcourt.com
Management: hartcourt.com
Dr. Alan Phan: Chairman and CEO Hartcourt companies
Michael Bianco: CEO Sinobull
Simon Shi Zhang: CEO UAC
Stephen Tang: CEO FTL
Dr. Charlie Q. Yang: COO HRCT
Mr. Duc Duong: CTO HRCT
Mr. Manu Ohri: CFO HRCT
Jack Westfield: Vice president of Corporate Finance HRCT
Mr. Frederic Cohn: Director and Vice President HRCT
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