The Hartcourt Companies, Inc. (HRCT) Message Board

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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)

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To: I Am John Galt who started this subject	8/31/2004 1:02:00 PM
From: StockDung	of 2413

Form 8-K for HARTCOURT COMPANIES INC 31-Aug-2004 Termination Material Agreement Item 1.02. Termination of a Material Definitive Agreement The Hartcourt Companies, Inc., (the "Registrant") has agreed with Shanghai ServiceNet Co., Ltd. ("ServiceNet") not to complete the pending acquisition of ServiceNet shares in order to avoid a conflict of interest between ServiceNet's relationship with HP and with Hartcourt's subsidiary Challenger's relationship with IBM, for which it serves as a distributor. The definitive agreement for purchase of 51% of ServiceNet's common stock was signed on February 6, 2004.

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