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

To: SinoKnowledge who wrote (1261)	11/3/2000 11:00:13 AM
From: Investorman	Read Replies (1) \| Respond to of 2413

HRCT is getting a little independent coverage this time. Not the WSJ but a little exposure never hurts. Hartcourt, ThinkersGroup to Form Marketing Alliance By Peter Lim Published by OTCNN.com 11/03/2000 09:50 AM EST ThinkersGroup.com has signed a letter of intent to establish an exclusive marketing agreement with Hartcourt Companies, Inc. (OTCBB: HRCT). Under the agreement, Hartcourt and its subsidiaries, StreamingAsia and Sinobull Financial Group, will receive exclusive rights to market ThinkersGroup.com’s web-to wireless products and solutions in Greater China, including Hong Kong. ThinkersGroup.com, Inc. is a privately held corporation providing software solutions for the gathering and delivery of content for Internet businesses to wireless devices. ThinkersGroup will set up their ThinkMotion Chinese language web-to-wireless service to allow HartCourt to offer this service to their existing and prospective customers in Greater China. “ThinkersGroup has developed a product that can automatically convert a Web site into a means that can be accessed by any wireless devices,” said Hartcourt CEO, Dr. Charlie Yang. “People on the move, for example, can access anything they want on any Web site from a hand-held phone.” Yang said he will look for the “best way for us to increase revenues” before committing to a definitive agreement with ThinkersGroup. “I believe that the selection of Hartcourt subsidiaries to be ThinkersGroup.com’s exclusive marketing partners in Greater China should be viewed as a validation of the business model we have been developing over the past 12 months,” he said. “The revenue generating potential of these services is considerable given the anticipated growth of web-to-wireless applications in China and other parts of the developing world.” Yang told OTCNN that a combination of factors makes China a ripe market for wireless-to-web products. So many companies in China are engaged in the import-export business, much of which is conducted through e-commerce, he said. The main factor that makes China an attractive, though, he added, was the copious number of cellular phones in China. “Web sites and web access (in China) are still not that popular yet,” Yang said. “But the wireless phone is so popular in China. There are 50 million wireless phone users. So people are more used to wireless than Web sites.” The Los Angeles-based company’s stock traded 401,900 shares, its highest volume in three months, for a 28.57 percent increase to close at $2.25 on Thursday when the pending agreement with ThinkersGroup was announced. The company reports 56.9 million shares outstanding for which 5.6 million are in float. On Oct. 24, the company split its stock 2 for 1. Over 10 years old, Hartcourt became a publicly traded company in 1994. Hartcourt is a holding and development company that is building a network of Internet and telecommunication service companies in China, including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Hartcourt's business goal over the next three years is to complete a series of IPOs or spin-offs focused on its four main divisions: StreamAsia, SinoBull Financial Group, the Broadband ISP and Internet Infrastructure Group and Hartcourt Capital Inc. Disclaimer OTC News Network is an unbiased, objective news source focusing exclusively on OTC Bulletin Board companies. We do NOT publish any paid editorial content. In addition, OTC News Network does NOT own any stock in any OTC Bulletin Board companies. None of the shareholders, officers and affiliated entities owns any stock in the companies mentioned in this article. This ensures that OTCNN can make its editorial decisions objectively. Companies included in the news stories have NOT paid a fee or any other form of compensation for their appearance.