Hartcourt Confirms Subsidiary Has
Entered Into Profit Sharing & Content
License and Usage Agreement With
Yahoo! Holdings Ltd.
Business Wire - June 15, 2000 09:18
LOS ANGELES--(BUSINESS WIRE)--June 15, 2000--
Sinobull.com To Co-Brand Content with Yahoo! China Finance
The Hartcourt Companies Inc. (OTC:HRCT; Frankfurt: HCT),
www.hartcourt.com, today confirmed that its subsidiary, SinoBull Group,
has signed a profit sharing content license and usage agreement with
Yahoo! Holdings Ltd., the Hong Kong subsidiary of Yahoo! Inc.
(NASDAQ: YHOO).
The agreement calls for Yahoo! China to host a number of co-branded
pages containing proprietary financial content provided by SinoBull,
including: cn.biz.yahoo.com,
cn.biz.yahoo.com,
cn.biz.yahoo.com, and
cn.biz.yahoo.com.
Under the terms of the agreement, SinoBull Group has licensed to
Yahoo! Holdings global non-exclusive rights to deliver proprietary
SinoBull content over the Internet or any wireless or electronic format
delivering Yahoo! media. Yahoo! can modify, copy, publish, show, or
transmit the licensed content, including but not limited to Chinese
formats.
SinoBull has also licensed to Yahoo! Holdings the global non-exclusive
right for Yahoo! users to download and print the licensed content for
personal usage.
The agreement defines a fee-based and advertising profit sharing
arrangement between Yahoo! Holdings and SinoBull from those content
pages containing the SinoBull trademark or logo.
Dr. Alan Phan, Chairman & CEO of Hartcourt commented, "We are
certainly pleased to be chosen as a financial content service provider
for Yahoo! China. It proves that our Sinobull.com is not just a leading
online financial portal. Based on our subsidiaries' past successful track
records, SinoBull Group is offering the most advanced IT solutions and
content to financial industries and other major media partners in China."
About The SinoBull Group
SinoBull is a financial services integrator, which enables Chinese
brokerage firms to provide online stock trading to its customers, over
SinoBull's secure nationwide Virtual Private Network UAC162, which is
separate from the Internet. With much concern and restriction to
Internet-based trading in China, the SinoBull.com portal acts as secure
docking station between the Internet and the UAC162 intranet, providing
the best of both worlds (Internet access by investors to input trade
decisions & transactions delivered and processed over a secure
network by attached brokerages). SinoBull's clients are leading
securities firms in China, including giant China Securities (Hua Xia
Securities, www.csc.com.cn), Guosen Securities (www.guosen.com.cn),
Xiangcai Securities (www.xcsc.com) and Anshan Securities.
In addition, the portal SinoBull.com also provides real-time financial
news, market data, analysis and commentary; rising quickly in popularity
from its launch (March 2000), now receiving 1.6 million page views
daily. Assisted in software development by a Hartcourt subsidiary,
Legend Computers (China's largest computer manufacturer) developed
the set top box "Stock Easy", which is enabled to access SinoBull.com
for secure online trading. This turnkey solution provides ease of
connection for the many investors who have access to the much more
common cable TV line. The Chinese cable TV market is estimated at 80
million households, as compared to a US base of 68 million.
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. Its mission is to become one of the leading
broadband applications infrastructure providers in Asia, including
developing broadband networks and vertical market focused contents
for broadband applications. 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.
NOTE: Yahoo! and the Yahoo! logo are registered trademarks of
Yahoo! Inc. All other names are trademarks and/or registered
trademarks of their respective owners.
CONTACT: The Hartcourt Companies
Jack Westfield, 310/410-7290
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