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

To: Investorman who wrote (1203)	10/31/2000 9:05:02 AM
From: Investorman	Respond to of 2413

Hartcourt Confirms That Shanghai Fiber-Based Broadband ISP Is 'World's First'@Family Broadband Networks Is the First Commercial Broadband ISP in the World Offering 10 Mbps and 100 Mbps Internet Access to Residential Customers LOS ANGELES, Oct 31, 2000 /PRNewswire via COMTEX/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today responded to shareholder's questions and offered further details about its joint venture partner, @Family Broadband Networks, which is an extension of the services currently being delivered by @Family Broadband Networks - Shanghai (www.shanghaifamily.net), the first commercial broadband ISP in the world offering 10 Mbps and 100 Mbps internet access to consumers. The Company explained that there are five types of networks offering broadband Internet accesses throughout the world today: (1) DSL (Digital Subscriber Loop): Connection speeds for DSL typically range from 384Kbps to 1.544Mbps downstream and 128Kbps upstream. In addition, a DSL line allows for one line to carry both voice and data signals, and for the data part of the line to be continuously connected, so users can talk on the phone line at the same time that they are surfing the Internet. Example: Broadband offered by SBC Telecom. (2) Satellite: Hughes DirecPC offers high-speed Internet access using DirecPC broadband satellite technology. At up to 400 kilobits per second downstream, DirecPC is broadband Internet connectivity. Example: Broadband offered by DirecPC and America Online. (3) Cable Modem: Cable modem broadband technology offers speeds far greater than dial-up phone modems and ISDN. Its upstream data transfer speed is limited to 128Kbps. Example: AT&T @Home. (4) Wireless: Next generation wireless (3G) and LMDS (Local Multipoint Distribution Services) solutions are point to multipoint broadband wireless systems operating in the millimeter-wave spectrum bands that can be used to cost-effectively deliver voice, data, Internet, and multimedia services. Wireless broadband is undergoing pre-commercial field trials today. Example: Alcatel LMDS. (5) FTTB (Fiber To The Building): With government funding support, Shanghai became the first city in the world to implement a fiber to the building (FTTB) backbone network covering the Shanghai metropolitan region during 1995-1998. The Shanghai Infoport has since become well known in Asia and leads all other cities in the world in building out a 100% fiber-based broadband infrastructure network. In June of 2000 a high-level forum called "City Informatization in the Asia-Pacific Region" was held in Shanghai. Speaking at the forum, which was jointly organized by the United Nations, China's Ministry of Information Industry, and Shanghai Municipal Government, Mr. Samuel Chang, the CEO of ChinaCityNet and @Family Broadband Networks said, "The Fiber To The Building(FTTB) technology is proving to be very cost-effective in Shanghai, a centralized controlled environment with high density apartment buildings. We are excited to be the first company dedicated to the design and build-out of the Shanghai city-wide fiber Internet infrastructure and at being the first to offer guaranteed broadband access at data rates of 10 Mbps and 100 Mbps to consumers." Detailed information on Hartcourt can be obtained via the company's Web site, www.hartcourt.com. Forward-looking Statements 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: Jack Westfield, Vice President, Corporate Finance of The Hartcourt Companies, Inc., 310-410-7290, JWestfield@Hartcourt.com URL: shanghaifamily.net hartcourt.com prnewswire.com