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

To: Investorman who wrote (1633)	12/7/2000 9:14:17 AM
From: Investorman	Respond to of 2413

StreamingAsia, a Hartcourt Subsidiary, to Deliver Video Technology Services To eTVonline.tv December 07, 2000 08:01:00 AM ET Online Programming is Being Produced and Distributed By Joint Venture of Radio Television Hong Kong and Education Department (HK) LOS ANGELES, Dec. 7 /PRNewswire/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com today announced that StreamingAsia.com Ltd., its Hong Kong-based subsidiary, has initiated service to a new enterprise that was developed by a joint venture of Radio Television Hong Kong (RTHK) and the local Education Department. In addition to producing educational programs for classroom students, RTHK will now distribute VCDs of popular programs and has launched a new website, www.eTVonline.tv, enabling global netizens to enjoy over 700 archived video programs anytime anywhere. In response to the growing need to improve access to and management of the vast amount of video material online, RTHK is now using StreamingAsia's Digital Content Manager (DCM) software to support the new website. This technology was designed to get content owners immediately up and running with online video while providing a robust and scalable foundation for Internet video uses. "Major media companies and large enterprises have relied on StreamingAsia to transform their video assets into compelling Internet content," said Patrick Kwan, Chairman of StreamingAsia. "The use of StreamingAsia technology by eTVonline demonstrates the benefits of on-demand and searchable streaming video for e-learning. We are delighted to help RTHK and Education Department maximize the value of their extensive video library network by enabling the student to easily find the learning content they want and need." About StreamingAsia.com Ltd. The Hartcourt Companies, Inc., which owns 50% of StreamingAsia, announced on September 21, 2000 that it has signed an underwriting agreement to bring StreamingAsia public through an Initial Public Offering. StreamingAsia (www.streamingasia.com) provides a wide range of Internet services including software for Web portals for the delivery of "streaming" or live and on-demand video and audio content over the Internet, content publishing, web page design, system architecture and solution implementation. 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. Hartcourt's business goal over the next three years is to complete a series of IPOs or spin-offs focused on four main divisions: StreamingAsia, the streaming content (video/audio) web-casting and web hosting leader in Hong Kong; SinoBull Financial Group, the multi-media financial data provider and online securities trading platform; the Broadband ISP and Internet Infrastructure Group; and Hartcourt Capital Inc., the financial E-Finance transactions platform offering online banking, securities, insurance, equipment leasing, credit, and B2B transaction settlements. 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. © 2000 PRNewswire