ThinkersGroup.com and Hartcourt Form Strategic Marketing Partnership For Leading Web-to-Wireless Solutions Next Generation Web-to-Wireless Technology to be Exclusively Marketed by Hartcourt Subsidiaries in China
GREAT RIVER, N.Y., Nov 1, 2000 (BUSINESS WIRE) -- ThinkersGroup.com, a pioneer in Web-to-Wireless Technologies, today announced that it has entered into a letter of intent to establish an exclusive marketing agreement with The Hartcourt Companies, Inc. (OTC:HRCT)(Frankfurt:HCT), www.hartcourt.com.
Under the agreement, Hartcourt and its subsidiaries, StreamingAsia and Sinobull Financial Group, will receive exclusive rights to market ThinkersGroup.com's products and solutions in Greater China, including Hong Kong.
The Hartcourt-ThinkersGroup partnership provides a comprehensive, secure, cost-effective, reliable, easy to adopt, deploy and manage, Chinese web-to-wireless solution for any small to large enterprise. ThinkersGroup will set up their ThinkMotion(TM) Chinese language web-to-wireless service to allow HartCourt to offer this service to their existing and prospective customers in Greater China.
With the addition of ThinkersGroup's "on-the-fly" web-to-wireless applications, Hartcourt's Internet Infrastructure Group will be able to provide cost-effective, highly secure turnkey solutions to the wide market of private and government Chinese businesses looking to evolve within Greater China's wireless Internet space.
Dr. Charlie Q. Yang, CEO of Hartcourt stated, "I believe that the selection of Hartcourt subsidiaries to be ThinkersGroup.com's exclusive marketing partners in Greater China should be viewed as a validation of the business model we have been developing over the past 12 months. The revenue generating potential of these services is considerable given the anticipated growth of web-to-wireless applications in China and other parts of the developing world."
Ray Barton, CEO and President of ThinkersGroup, commented, "Hartcourt's subsidiaries in China have a very impressive client base. We are looking forward to working with Hartcourt and its subsidiaries, especially StreamingAsia and Sinobull, to jointly deploy the best and most affordable Web-to-Wireless solutions for China's market."
About ThinkersGroup.com, Inc.
ThinkersGroup.com, Inc. is a privately held corporation providing software solutions for the gathering and delivery of dynamic content for Internet businesses to wireless devices. Visit ThinkersGroup.com's corporate site at www.thinkersgroup.com or sign up for ThinkConnect(TM) at www.thinkconnect.com.
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. Hartcourt's business goal over the next three years is to complete a series of IPOs or spin-offs focused on four main divisions: StreamingAsia, the streaming content (video/audio) web-casting and web hosting leader in Hong Kong; SinoBull Financial Group, the multi-media financial data provider and online securities
trading platform; the Broadband ISP and Internet Infrastructure Group; and Hartcourt Capital Inc., the financial E-Finance transactions platform offering online banking, securities, insurance, equipment leasing, credit, and B2B transaction settlements. Detailed information on Hartcourt can be obtained via the company's Web site, www.hartcourt.com.
About StreamingAsia
StreamingAsia (www.streamingasia.com) provides content publishers Web portals with services for the delivery of "streaming" or live and on-demand video and audio content over the Internet. It was the first company in Hong Kong to provide real time corporate conference Internet broadcasts, as well as the ability to develop a broadband network infrastructure to stream cutting-edge multi-media content. StreamingAsia has delivered high quality integrated web services to an impressive list of clients, including The Stock Exchange of Hong Kong, The Securities and Futures Commission of Hong Kong, iAsiaWorks, iSteelAsia, PSINet Hong Kong, and E!Online Asia.
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.
CONTACT: ThinkersGroup.com
Darren J. Cioffi, 631/592-1360
www.thinkersgroup.com
pr@thinkersgroup.com
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