Found this on the HRCT Thread after the Close Today
Hartcourt Companies, Inc. (OTCBB:HRCT:$1)
We just bought in, as the stock seems to be under
heavy accumulation this morning. We saw an 85,000
share purchase moments ago. Here is the story on what
could be the most EXPLOSIVE stock since Digitcom
of last year (runup from .40 to $8). Our target is $2 to
$3 in the short term. Here is the story:
HRCT is a holding company that manufactures and
develops environmental control systems and industrial
process equipment, and specializes in the manufacture
and assembly of printed circuit boards, telephone wire
and cabling, and coil winding and plastic injection. The
following information comes from the latest HRCT
press releases:
HRCT recently announced that they have agreed to
acquire 35% of China's very first ONLINE TRADING
SYSTEM (UAC). UAC 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 UAC
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).
DISCLAIMER AND DISCLOSURE STATEMENT:
The contents of this advertorial
profile, research report and/or e-mail data transmission
(hereinafter collectively referred to as "data") are
provided to our subscribers and the general public for
informational purposes only, should not be construed
as investment advice, and are subject to change
without notice. This data, profile/research report
should not be construed as independent research. All
statements and expressions are the opinion of Wall
Street West Communications, LLC and/or its affiliates,
and are not an offer or solicitation to buy or sell the
securities mentioned. The opinions and information
provided by Wall Street West Communications, LLC
are derived from independent market research and
materials available to the general public, information
provided from the company profiled, other profiles
written by Investor Relations firms hired by the
company profiled, and in some cases interviews with
management. All information contained in this data,
profile/research report is obtained from sources
believed to be reliable and accurate. However, errors
and omissions are possible due to human and/or
mechanical error. All information is provided "as is"
without warranty of any kind. Wall Street West
Communications, LLC and its information providers
make no representations as to the accuracy,
completeness, timeliness, merchantability or fitness for
a particular purpose of the information provided in this
profile/research report. Any sales and/or earnings
forecasts included are endorsed and provided by the
company profiled. Use of data, profiles/research
reports may be subject to the applicable rules of
certain self-regulatory organizations, and securities
mentioned which are traded over-the-counter may not
be cleared for sale in certain states. All claims made by
Wall Street West Communications, LLC should be
verified by the reader before investing. Investing in
securities is highly speculative and carries an
extremely high degree of risk. Investors should consult
with their accountants, financial planners, and business
advisors befo!
re investing. It is possible that an investor's entire
investment may be lost due to the speculative nature
of the company contained in profile/research report.
Wall Street West Communications, LLC has not
received compensation for the dissemination of this
information. Wall Street West Communications, LLC
has purchased shares of HRCT on the open market.
Said shares held were not received directly or
indirectly received from an issuer, underwriter or
dealer as compensation. Wall Street West
Communications, LLC will be buying and selling
simultaneous to this transmission and/or
recommendation. Readers of this profile/research
report agree that in no event shall Wall Street West
Communications, LLC or its affiliates be liable to
anyone for decisions made or action taken in reliance
on the information contained in this profile/research
report, on this web-site, in the weekly newsletter, or
for direct, indirect, or incidental damages resulting
from the use on content or services provided by Wall
Street West
Communications, LLC. SAFE HARBOR
DISCLAIMER- Certain statements contained herein
constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933
and 21E of the Exchange Act of 1934. Such
statements include, without limitation, statements
regarding business and financing, business trends,
future operating revenues and expenses. Although the
Company believes that the statements are reasonable,
it can give no assurances that such expectations will
prove to be correct. Investors are cautioned that any
forward-looking statements made by the Company, or
contained in this profile/research report, contain no
guarantee of future performance, and that the actual
result may differ materially from those set forth in the
forward-looking statements. Difference in results can
be caused by various factors including, but not limited
to, the Company's ability to be able to successfully
complete planned funding agreements, to successfully
market its products in competitive industries or to
effectively implement its business plan or strategies.
Wall Street West Communications, LLC. "The Call of
the West." |
