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

To: Tom Allinder who wrote (254)	7/1/1999 1:25:00 PM
From: cabernetfranck	Read Replies (1) \| Respond to of 2413

Harcourt Invests In Chinese Stock Trading Network By Hans Lombardo Managing Editor, asia.internet.com [June 30, 1999--HONG KONG] Venture capital firm, Hartcourt Companies, Inc. (OTC: HRCT), has agreed to acquire 35 percent in UAC Stock Exchange On-Line Co Ltd, the pioneering operator of an online stock trading network in China. The UAC 162 Network is run on CHINAPAC, an intranet of packet switched data networks owned by China Telecom, and is designed to be a private, secure system connecting investors to brokerage firms throughout China. The UAC system has been operating at one office of Hua Xia Securities in Beijing with good results, according to Harcourt representatives. Hua Xia Securities, one of the largest brokerages in China, has signed an agreement to install the UAC system in all of its 98 offices nationwide. "With its technology and infrastructure, UAC has positioned itself to become the first and major E*Trade in China," said Dr. Alan Phan, Harcourt's chairman and CEO. "Its potential is mind-boggling, considering China's stock market is already bigger than the Hongkong stock market," added Phan. Shi Zhang, UAC's chairman and President of UAC, concurred,"China's stock market is growing very fast, to quickly capture the market share and better serve the investment community. We decided to team up with a foreign partner to access the latest technology and world capital markets." "Hartcourt is our choice because they have been working on many China projects since 1979, giving them a good understanding of our system, culture and potential," added Shi Zhang. UAC is the first CHINAPAC operating agent to be designated by China Telecom to run an online trading network and is in good position to market its UAC 162 Network to all brokerage firms in China. According to Harcourt, there are currently 4,000 brokerage offices in China serving 40 Million investors. Total revenue , excluding the TV set-top box users segment, is projected to exceed $40 Million by 2004 producing an annual net earning of $18 Million. Harcourt's transaction for the stake of UAC is scheduled to close within the next 60 days. Hartcourt has the option to increase its 35 percent if the Chinese government change its policy regarding foreign ownership of telecommucation companies in order to be admitted to the World Trade Organization (WTO). Phan confirmed that Hartcourt has signed agreements to joint venture with 2 other Internet companies in China including a national ISP. He said,"We set our goal last year to become a major Internet company in China. With the completion of these three acquisitions, our goal is fast becoming a reality." Earlier this year, Harcourt attempted to purchase a significant stake in Chinese portal, China Infohighway, but the move failed for unknown reasons.

To: Tom Allinder who wrote (254)	7/12/1999 9:09:00 AM
From: PK	Respond to of 2413

WALL STREET WEST NEWSWIRE..HRCT >July 11, 1999 > > >A WALL STREET WEST WELCOME TO ALL NEW MEMBERS! > >As always, we would like to extend a warm Wall Street West welcome to all >of our new subscribers from around the world. We believe you will find >our publication one of the most informative, easy to read, easy to >understand, and ,of course, profitable stock investment newsletters >available today. If you ever have any questions please don't hesitate to >write us at Editor@wallstreetwest.com. If we don't answer right away, >please be patient, as we do receive a large amount of letters. > >DO YOU HAVE TROUBLE READING OUR EMAILS? > >A very small number of you (3 or 4) have told us that you have trouble >reading our emails because the information appears to run sideways rather >than vertically. We think this is a format problem on some computers that >use NETSCAPE rather than Microsoft software. The newsletter is now on the >web at wallstreetwest.com. This will make reading >it more pleasurable, as the type is larger than that allowed by email. > > >HARTCOURT COMPANIES: THE STOCK OF THE WEEK! THE NEXT AOL? THE NEXT >E-TRADE? THE NEXT INTERNET SUPERSTOCK? > >Hartcourt Companies, Inc. (OTCBB:HRCT:$1.13). HRCT had HUGE volume on >Friday, with almost the entire float turning over in a day. HRCT is a >VERY EXCITING situation with the potential of being the Wall Street West >Internet Superstock of the year! We think this stock holds at least as >much potential as Digitcom of last year (.40 to $8) and Rbid.com a couple >of months ago ($1.50 to $16). HRCT is a very explosive situation because >of the nature of what the company does. Our short term target is the $3 >to $5 area minimum. Here is the exciting story: > >Hartcourt Companies, Inc. is essentially a Los Angeles based firm that has >business interests over in China. These Interests have to do with the >INTERNET. HRCT recently announced that they have agreed to acquire 35% of >China's very first and only online Stock Exchange. HRCT recently announced >that they have agreed to acquire 35% of China's very first ONLINE TRADING >SYSTEM (UAC). The system has been operating at one office of Hua Xia >Securities in Beijing and the results are excellent, in terms of >technology as well as financial. > >Hua Xia Securities, the second-largest brokerage firm in China, has signed >an agreement to install the new system in all of its 98 offices >nationwide. As the first and only CHINAPAC operating agent designated by >China Telecom, UAC is in a unique position to market UAC 162 Network to >all brokerage firms in China. > >At present, there are 4,000 brokerage offices in China serving 40 Million >investors. UAC's mission is to quickly capture as much market share as >possible. Total revenue, excluding the TV set-top box users segment, is >projected to exceed $40 Million by 2004, producing an annual net earning >of $18 Million. > >Dr. Alan Phan, Chairman and CEO of Hartcourt, confirmed that Hartcourt has >signed agreements to joint venture with 3 Internet companies in China, >including a national Internet Service Provider. Besides this announcement, >Hartcourt will issue releases on the other two, once the Chinese parties >approve the text. He said, ''We set our goal last year to become a major >Internet company in China. With the completion of these three >acquisitions, our goal is fast becoming a reality. With its technology and >infrastructure, UAC has positioned itself to become the first and major >E-trade in China. Its potential is mind-boggling, considering China stock >market is already bigger than the Hong Kong stock market. In my personal >opinion, UAC is ready to become another world-class online stock trading >company, comparable to those household names in America.'' > >Mr. Shi Zhang, Chairman and President of UAC, agreed: ''China's stock >market is growing very fast. To quickly capture the market share and >better serve the investment community, we decided to team up with a >foreign partner to access the latest technology and world capital markets. >Hartcourt is our choice because they have been working on many China >projects since 1979, giving them a good understanding of our system, >culture and potential. Together, we should meet the projection of our >business plan quite easily.'' > >The transaction is scheduled to close within the next 60 days. Hartcourt >has the option to increase its 35% holding, should the Chinese government >change its policy regarding foreign ownership in telecommunication >companies, once China is admitted to the World Trade Organization (WTO). > >Could HRCT be a Chinese version of AOL? Well, with a population >of billions in China and a growing Internet industry in China it is >entirely possible. What about 35% ownership of China's first and only >online stock exchange? HRCT could be the next E-trade in China! Can you >imagine if a company owned 35% of the NASDAQ stock exchange when it first >was started. Any ideas as to what the value of that company would be >today and how much of a reward early shareholders? > >The bottom line is we think HRCT is HUGE! We think that when the >investment community finds out about HRCT and what the company is doing >they will jump all over it. When public floats turn over in a day, that >is often a solid indicator that something is happening. We think HRCT >could be bought out. > >Some research this weekend revealed that there are rumours that HRCT >recently entertained a buy out offer at $2.50 share and the company turned >it down. We are also hearing rumours that the company will not sell for >anything less than $10 a share! HRCT is a very special opportunity for >very aggressive investors. We think it will gap up Monday morning and >start heading a long way North!!! If bloomberg and other news agencies >start picking up on this one that could help spark a massive stock price >RUN UP. For more information about HRCT visit the company website at >http://www.hartcourt.com. We think you will find the recent letter from >the Chairman to the shareholders INTERESTING to say the least. We will >keep you informed of any updates on HRCT via STOCK ALERT. > >