Hartcourt Has Paid the SEC Judgment in Full
SHANGHAI, CHINA -- (MARKET WIRE) -- 04/13/2005 -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that on April 12, Hartcourt paid the remaining balance of the $1.1 million SEC judgment. As such, the Company has fully wrapped up the SEC case and is moving full speed ahead to the next phase of growth through acquisition of high growth and high profit margin technology companies in China.
About Hartcourt
Hartcourt's achievements and operations can be found on its web site: www.hartcourt.com
Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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Contact:
Ms Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: ir@hartcourt.com
SOURCE: The Hartcourt Companies, Inc.
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