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Hartcourt Announces Kick-Off of National Investor Roadshow
Company to Provide Details to Investors Interested in Participating In
Planned Spin-Off
LOS ANGELES, March 8 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC: HRCT; Frankfurt: HCT), (www.hartcourt.com) today announced that it will commence its national investor road show on Monday, March 12, 2001 in Vancouver, British Columbia, Canada. Additional stops next week are scheduled for San Francisco and Chicago prior to the investor conference that will be held in Los Angeles on Saturday, March 17. The company indicated that presentations would also be scheduled to take place in Boca Raton, Atlanta, Toronto, Boston, and New York between March 21 and March 29. All Hartcourt shareholders and other interested parties are invited to attend.
Jack Westfield, Senior Vice President of Corporate Finance, who will be hosting a majority of the Hartcourt presentations stated, "The purpose of these events is to familiarize Hartcourt shareholders and other investors with the company's plans to monetize its key Asian assets via initial public offering (IPO) or other means in accordance with statements previously released by Hartcourt. Senior management representatives of our Hong Kong- based interests will also take part in the scheduled events where they will provide details relating to the immediate corporate financing plans of their respective organizations. We believe that these events will be very informative and go a long way toward answering many of the questions that investors have posed to the company over the past few months."
The events scheduled for next week are as follows:
Monday, March 12: Hyatt Regency Vancouver 7 P.M.
655 Burrard St., Vancouver, B.C. V6C2R7
Telephone: 604-683-1234
Tuesday, March 13: Radisson Sierra Point, 7 P.M.
San Francisco Airport
5000 Sierra Point Parkway, Brisbane CA 94005
Telephone: 415-467-4400
Thursday, March 15: Chicago Hilton & Towers 7 P.M.
720 S. Michigan Ave., Chicago IL 60605
Telephone: 312-922-4400
Saturday, March 17: Hilton Los Angeles Airport 11 A.M.
5711 West Century Blvd., Los Angeles CA 90045
Telephone: 310-410-4000
Hartcourt executives indicated that they would be providing all interested parties with details regarding account information and other procedures necessary to participate in any potential spin-off of Hartcourt assets through an IPO at the scheduled meetings. In addition, the company can be contacted directly for details. Requests for information should be directed to Ms. Grace Li at Hartcourt, 310-410-7290 ext. 203, or by e-mail: GLi@Hartcourt.com.
Investors wishing to reserve a specific dollar amount of shares from any potential IPO spin-off are encouraged to send or phone in their requests to Ms. Li at Hartcourt, or to e-mail their indications of interest to: HRCT@Hartcourt.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: The Hong Kong-based streaming content (video/audio) web-casting and web hosting group; The 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 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.
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.
SOURCE The Hartcourt Companies, Inc.
CO: Hartcourt Companies, Inc.
ST: California, Canada, British Columbia, Illinois
IN: MLM TLS OTC
SU: TDS
03/08/2001 07:03 EST prnewswire.com |
