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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT) -- Ignore unavailable to you. Want to Upgrade?

To: fortitude who wrote (230)	6/24/1999 8:29:00 AM
From: wbASSETt	Respond to of 2413

In @ .53 watch closely eom

To: fortitude who wrote (230)	6/24/1999 10:53:00 PM
From: Clyde Stone	Respond to of 2413

I hope you don't feel 'shot' laura...but I don't like blatant unsubstantiated statements like what you were passing on,... Anyway, here's some interesting news concerning enova (EVAH?)... PerfectData Corp. Reports Financial Results For the Fiscal Year and Fourth Quarter Ended March 31, 1999 SIMI VALLEY, Calif.--(BUSINESS WIRE)--June 24, 1999--PerfectData Corp. (Nasdaq:PERF) Thursday reported a narrowed net loss of $402,000, or 13 cents per share, compared with a net loss of $799,000, or 26 cents per share. For the fourth quarter ended March 31, 1999, the company reported it narrowed net loss to $127,000, or 4 cents per share, from a net loss of $409,000, or 13 cents per share in the prior year. The balance sheet at year end continues strong with a current ratio of better than 8-to-1 and no long-term debt. In December 1998 the company announced the signing of an agreement of its intent to merge with Pego Systems Inc. of Long Beach, Calif. Pego Systems, an engineering and manufacturing company, was a subsidiary of The Hartcourt Cos. (BB:HRCT). The merger was subject to further due diligence and the signing of a definitive agreement, as well as shareholder and regulatory approvals. As part of the transaction, PerfectData and PerfectData shareholders were to receive shares in The Hartcourt Cos. In reviewing the Pego financials prior to closing of the agreement, they reflected a slight loss for the year rather than the anticipated gain. Hartcourt has since spun off Pego Systems to Hartcourt shareholders, along with other assets, by distributing shares in ENOVA. Managements of both PerfectData and The Hartcourt Cos. continue to seek ways to create shareholder value by addressing the needs of each entity and focusing on a transaction that is mutually beneficial. PerfectData's management continues its discussions with potential merger and joint venture partners including The Hartcourt Cos. PerfectData holds modest stakes in Flamemaster Corp. (Nasdaq:FAME), El Guapo Spices and Staruni (BB:SRUN), an Internet Inc. and Internet Commerce provider. PerfectData, based in Simi Valley, designs and markets a broad line of computer, office-care and maintenance products and accessories. The products are designed to eliminate or minimize contamination in and around computers and office-automation equipment, and to enhance user performance.