HRCT Profile Information: Updated 7/14/2000
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 China Online, 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.
HRCT will focus on developing 3 business areas…
1. China's premier financial portal… Sinobull
2. Online transactions group including online banking and insurance
3. Broadband infrastructure group with China online and Innostar
Company Website - hartcourt.com
Company PR's: hartcourt.com
Shares outstanding: 30 million Float: 19 million estimated
Financials: edgar-online.com
Nasdaq Application: hartcourt.com
Key Company/subsidiary relationships:
Auditors: BDO International… hartcourt.com
Sinobull Business Plan: Ernst & Young… hartcourt.com
Investor Relations: Financial Relations Board… hartcourt.com
China Telecom/Bejing Telecom: biz.yahoo.com
hartcourt.com
Financing: Swartz Private Equity, LLC: hartcourt.com
Yahoo-China… biz.yahoo.com
SIFTT/Nokia… biz.yahoo.com
Legend computer… hartcourt.com
China Online
The Hartcourt Companies Inc. reached an agreement in principal to joint venture with Shenzhen Rayes Group to acquire 25% controlling interest in China Online the largest privately owned ISP in China. The agreement calls for Hartcourt to support COL's new business strategy and implementation plans, including broadband Internet infrastructure developments. COL currently has 105 wholly owned or joint-ventured subsidiaries covering all major provinces and cities in The Peoples Republic of China (China). Since its inception in 1994, COL and these subsidiaries have developed more than 80 COL-branded portals with localized content. At present, the ISP business of COL has more than 240,000 customers. biz.yahoo.com
Websites: col.com.cn
bj.col.com.cn
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 is a strategic partner in China Telecom's new campaign to obtain 10 Million new ISP subscribers by the end of 2001. sinobull.com , hartcourt.com
UAC Online…
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… Also UAC has developed the "Pocket 162, a wireless Application Protocol ("WAP") enabled hand-held device, which offers anywhere, anytime wireless Internet access. hartcourt.com
National License: hartcourt.com
Website: 162stock.com
Financial Telecom Ltd...
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
StreamingAsia.com…
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 subsidiary 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
Gou Mao of Shanghai …
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. a strategic alliance agreement to form a joint development partnership with a China's top tier Nokia distributor, Shanghai Industry Foreign Trade Telecom Corporation (SIFTT) The multi-year joint development effort will offer Chinese mobile users new Nokia handsets and wireless data terminal products integrated with Shanghai Guo Mao's leading financial content. hartcourt.com
biz.yahoo.com
biz.yahoo.com
Website: radiocompu.com
China Broadcast and Television Cable Networks Ltd
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
Shangdi Network of Beijing…
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
Sinobull Content Provider Agreements
Yahoo-China
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. 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.
hartcourt.com
China Peoples Daily
Shanghai Guo Mao will provide financial content, including daily market index charts and currency charts, to International Finance News for its "International Currency" and "Stock Market" sections.
hartcourt.com
Securities Daily
Sinobull has developed a media content alliance with "Securities Daily" (Jinrong Shibao, also known as Financial News), the leading banking and investment industry newspaper in China. Under the terms of the
alliance, the SinoBull Group will provide financial content, including special sections for securities in "Hot Market" Sectors and those dealing with Information Technologies.
biz.yahoo.com
Sinobull Customer Relationships:
Hua Xia securities: hartcourt.com
Xiagcai Securities: biz.yahoo.com
Guosen Securities of Shenzhen (www.guosen.com.cn): hartcourt.com
Anshan Securities Co biz.yahoo.com
Streaming Asia customer list: streamingasia.com
Other
Legend computer
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
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 |
