To: Return to Sender who wrote (4625 ) 11/30/1999 5:07:00 PM From: Matt Brown Respond to of 5041
Two stocks I like : HRCT - we've made money on this one before...Now look at it.>WOW!! Got an alert on this last night...when the PR came out ASAT- just got their Form 10 accepted..I want to review it and compre the company to the industry..might be worth something if they are getting into it all with HRCT..HRCT is a good stock..I like the thread too..on RB Hartcourt to Invest in ISP-Via-Satellite Company LOS ANGELES, Nov. 29 /PRNewswire/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt:HCT) today announced that it has entered into an agreement to purchase 2 Million common shares of eSAT, Inc. (OTC Bulletin Board: ASAT; Frankfurt:ES8) with an option to buy an additional 2 million shares. Fully-exercised, it will represent a 20 percent ownership of eSAT. eSAT Inc. based in Fountain Valley, California is a hi-tech company, which specializes in providing high-speed Internet connections via satellite, through their proprietary Satellite Internet Gateway products and services. eSAT system is a user-friendly cost-effective, solution, plug and play installation, easily interfaces with any existing computer LAN. eSAT has been serving many clients here in the US, from multi-national corporations to governments and educational institutions, Hartcourt is a Joint Venture partner with Innostar Hi-Tech of Beijing to create the first and only wireless ISP network throughout China via a Chinese satellite. The operation is expected to start around March 2000. By acquiring a stake in eSAT, Hartcourt will secure an experienced technology partner who will ensure the installation of only the best and the most updated hardware and software systems available. Dr. Alan Phan, Chairman & CEO of Hartcourt, said, "While we are very busy with the preparation for the IPO of Sinobull.com, we are still on schedule regarding the Innostar wireless ISP and IP phone project. Now that the financing arrangement has been completed and the technology partner has been selected, we will accelerate the process to bring forth the most profitable ISP in China. Innostar's success will be nothing short of spectacular." Mr. Michael Palmer, CEO of eSAT, comments, "China is fastest-growing market for ISP; and will be the biggest after 2007, surpassing the US. To participate with Hartcourt in this project is to be at the ground-floor of a unique opportunity. We expect to supply the Joint Venture with a cutting-edge technology to ensure its market domination. The potential long-term revenue of this project is very significant. The synergy between all parties is fantastic." Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. -------------------------------------------------------------------------------- SOURCE: The Hartcourt Companies Inc. CONTACT: Dr. Alan V. Phan of The Hartcourt Companies Inc., 562-426-9796