Dear Shareholders:
For those that may have not seen ThinkersGroup's Press Release, they have announced an exclusive marketing partnership with The Hartcourt
Companies for Greater China, including Hong Kong. Together, Hartcourt and ThinkersGroup will enable the dynamic conversion of web sites and
content to hand held mobile phones and other wireless devices. ThinkersGroup is a pioneer in web-to-wireless innovation, whose other partners
include Motorola, ComputerAssociates, GoldMine, Tri Star Web, Symbol Technologies, and PalmPilot creator Palm.
biz.yahoo.com
In addition, OTCNN.com's Peter Lim speaks with Dr. Yang about the effect of the alliance with ThinkersGroup in China.
otcnn.com
The Hartcourt Companies
Articles Included:
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. 2, 2000-- 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 - news; 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.
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Hartcourt, ThinkersGroup to Form Marketing Alliance
By Peter Lim
Published by OTCNN.com
11/03/2000 09:50 AM EST
ThinkersGroup.com has signed a letter of intent to establish an exclusive marketing agreement with Hartcourt Companies, Inc. (OTCBB: HRCT). Under
the agreement, Hartcourt and its subsidiaries, StreamingAsia and Sinobull Financial Group, will receive exclusive rights to market ThinkersGroup.com's
web-to wireless products and solutions in Greater China, including Hong Kong.
ThinkersGroup.com, Inc. is a privately held corporation providing software solutions for the gathering and delivery of content for Internet businesses to
wireless devices. ThinkersGroup will set up their ThinkMotion Chinese language web-to-wireless service to allow HartCourt to offer this service to their
existing and prospective customers in Greater China.
ThinkersGroup has developed a product that can automatically convert a Web site into a means that can be accessed by any wireless devices," said
Hartcourt CEO, Dr. Charlie Yang. "People on the move, for example, can access anything they want on any Web site from a hand-held phone."
Yang said he will look for the "best way for us to increase revenues" before committing to a definitive agreement with ThinkersGroup. "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," he said. "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."
Yang told OTCNN that a combination of factors makes China a ripe market for wireless-to-web products. So many companies in China are engaged in
the import-export business, much of which is conducted through e-commerce, he said. The main factor that makes China an attractive, though, he
added, was the copious number of cellular phones in China. "Web sites and web access (in China) are still not that popular yet," Yang said. "But the
wireless phone is so popular in China. There are 50 million wireless phone users. So people are more used to wireless than Web sites."
The Los Angeles-based company's stock traded 401,900 shares, its highest volume in three months, for a 28.57 percent increase to close at $2.25 on
Thursday when the pending agreement with ThinkersGroup was announced. The company reports 56.9 million shares outstanding for which 5.6 million
are in float. On Oct. 24, the company split its stock 2 for 1. Over 10 years old, Hartcourt became a publicly traded company in 1994.
Hartcourt is a holding and development company that is building a network of Internet and telecommunication service companies in 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 its four main divisions: StreamAsia, SinoBull Financial Group, the Broadband ISP and
Internet Infrastructure Group and Hartcourt Capital Inc.
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