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

To: funincolo who wrote (1555)	11/21/2000 2:38:51 PM
From: funincolo	Read Replies (1) \| Respond to of 2413

(COMTEX) B: Hartcourt to Form HCTV Subsidiary and Develop 24 Hour Fin B: Hartcourt to Form HCTV Subsidiary and Develop 24 Hour Financial TV Programs in Shanghai HCTV Offers Financial TV Programs Backed Up By SinoBull Financial Group's Rich Content and Real Time Data LOS ANGELES, Nov 21, 2000 /PRNewswire via COMTEX/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced that it has completed the first phase of investment and signed a definite agreement with Hopeman Computer Services Corporation (Hopeman), to form a Hartcourt majority owned subsidiary in Shanghai to continue the development of HCTV financial TV programs. Hopeman is a technology company certified by Shanghai municipal government and approved by Chinese Ministry of Information Industry. Under the initiative by Hartcourt to develop a high-quality 24-hour financial TV program in China, Hartcourt and Hopeman have worked together to jointly develop HCTV business strategy and financial TV programs. Both parties agreed to form a Hartcourt majority owned joint venture in Shanghai. The joint venture's goal is to become the CNBC equivalent in China and develop HCTV financial TV programs for partners like China Cable Net. The developed HCTV financial TV programs are to be marketed through cable TV operators to over 80 millions cable TV subscribers in China, and to other media operations such as publishing and Internet in Greater China region, including Hong Kong. Together with SinoBull Financial Group, Hartcourt and its subsidiaries are now capable to provide news, data and analysis to the business community and media outlets, and provide real-time pricing, historical pricing, indicative data, analytics and electronic communications. Existing and potential clients include China's investment institutions, commercial banks, government offices and agencies, corporations, and news organizations. Dr. Charlie Yang, CEO of Hartcourt, said, "HCTV is uniquely positioned to become a CNBC equivalent in China to provide 24-hour Chinese financial TV programs. Further, the set up of the HCTV subsidiary in Shanghai is an important step for Hartcourt and its subsidiary SinoBull Financial Group to build up a leading China financial news and information organization similar to the Bloomberg business model outside the China. We are very excited about the initial progress made by our staff at Shanghai based HCTV subsidiary in making high-quality financial TV programs." About Hopeman Computer Hopeman Computer Services Corporation is a Shanghai based hi-tech model corporation certified by Shanghai municipal government. It is also a computer product and system developer approved by Chinese Ministry of Information Industry (MII) and received certificate as a quality enterprise in Chinese computer industry. It has sold over 100,000 personal computers/PC licenses in 1999. About The SinoBull Financial Group The SinoBull Financial Group is a financial services integrator, which enables China brokerage firms to provide online stock trading to its customers, over SinoBull's secure nationwide Virtual Private Network UAC162, which is separate from the Internet. With much concern and restriction to Internet-based trading in China, the SinoBull.com portal acts as secure a docking station between the Internet and the UAC162 intranet, providing the best of both worlds (Internet access by investors to input trade decisions & transactions delivered and processed over a secure network by attached brokerages). SinoBull's clients are leading securities firms in China, including giant China Securities (Hua Xia Securities, www.csc.com.cn), Guosen Securities (www.guosen.com.cn), Xiangcai Securities (www.xcsc.com) and Anshan Securities. About Hartcourt The Hartcourt Companies is a holding and development company that is building a network of Internet and telecommunication service companies in The People's Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Its mission is to become one of the leading broadband applications infrastructure providers in Asia, including developing broadband networks and vertical market focused contents for broadband applications. 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 Hartcourt Companies Inc. CONTACT: Jack Westfield of The Hartcourt Companies Inc., 310-410-7290 URL: csc.com.cn guosen.com.cn xcsc.com hartcourt.com prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0- KEYWORD: California China INDUSTRY KEYWORD: TLS MLM FIN SUBJECT CODE: OTC JVN * end of story *