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

To: SinoKnowledge who wrote (926)	5/16/2000 12:25:00 PM
From: Investorman	Read Replies (1) \| Respond to of 2413

Hartcourt Announces Selection of StreamingAsia.com to Deliver Chinese Sports Video and Audio Over the Internet May 15, 2000 07:01 AM Eastern Time LOS ANGELES--(BUSINESS WIRE)--May 15, 2000--The Hartcourt Cos. Inc. HRCT (www.hartcourt.com) today announced that its subsidiary, StreamingAsia.com, has been selected by Chinese Sports Syndicating Co. Ltd. to provide streaming media service to sports fans on the Internet. StreamingAsia.com, the leading service provider for Internet audio and video delivery solutions in China, will use its streaming technology to enable sports fans and members of the Chinese Sports Program Syndicating Co. Ltd. (CSS), an online Chinese sports portal, to view and listen to Asian sports and news programs online at www.chinasportsnet.com. CSS is a high-profile player in the sports online media market in China. "This is an important and sizable contract win for StreamingAsia.com and further contributes to our recognition as the No. 1 provider of streaming video and audio in the Greater China marketplace," said Patrick Kwan, president of StreamingAsia.com. About StreamingAsia.com StreamingAsia.com provides Web-site owners and content publishers with services for the delivery or "streaming" of live and on-demand video and audio content over the Internet. StreamingAsia.com is a wholly owned subsidiary of Sinobull.com and is responsible for the design, operation and maintenance of Sinobull.com's Web site. Sinobull.com was launched on March 1, 2000, and, despite minimal advertising, is currently averaging over 1.6 million page hits per day, placing it in the top 20 Web sites in China. Hartcourt owns approximately 48 percent of Sinobull.com. About Hartcourt The Hartcourt Cos. Inc. is a holding and development company that is building a network of Internet and telecommunication service companies in the People's Republic of China, including Hong Kong, in partnership with young Chinese entrepreneurs as well as Chinese government-owned entities. Its mission is to become one of the leading Internet and broadband wireless companies in Asia. It recently participated in the launch of a comprehensive financial Web-site portal called Sinobull.com. Sinobull was developed to deliver real-time quotes, charts, research and analysis as well as other collateral information regarding stocks, bonds, currencies and commodities trading on Chinese and other Asian-based markets. A second major joint venture with Beijing-based Innostar HiTech Enterprises is preparing to start a national Internet service provider and IP phone service in China utilizing satellite for wireless data and voice transmission to computers, mobile phones, PDAs, pagers and cable-television set-top boxes. Detailed information on Hartcourt can be obtained via the company's Web site, www.hartcourt.com. Forward-looking statements This news release includes forward-looking statements, which depend on circumstances that may or may not occur, including the performance of the companies now held, the acquisition and performance of new companies, and other factors listed in the company's Form 10K for the period ending Dec. 31, 2000. Changes in these factors could alter the company's financial performance and future prospects. The Financial Relations Board Inc. serves as financial-relations counsel to this company and is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities. RWS/la CONTACT: The Hartcourt Cos. Inc., Los Angeles Dr. Alan Phan, 310/410-7290 or The Financial Relations Board Inc., Los Angeles Morgan Fry, 310/442-0599 (general information) Kristen Kopay, 310/442-0599 (investors/analysts) Ashley Piggot, 310/442-0599 (media)