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


To: funincolo who wrote (1685)1/5/2001 2:24:35 PM
From: StockDung  Read Replies (1) | Respond to of 2413
 
I thought I would post this before I died from laughter.

CHEERS CHUMPS!!

Go Call Inc. and Hartcourt Jointly Announce Rescission of Exchange


SAN JOSE, Costa Rica--(BUSINESS WIRE)--Jan. 5, 2001--Go Call, Inc., (Pink Sheets:GOCA) (www.goca.com), has announced that it has reached a mutually agreed upon rescission of the exchange made December 23, 1999. The transaction has been completely undone, and all stocks held by each of the companies have been returned to the respective owners. Both Companies have expressed disappointment.

James Palmer, CEO of Go Call Inc., said, "We sincerely thought that there was common ground on which to build a strong relationship when the exchange was made. It was a disappointment that we could not find a way to work out a long term continuation of the relationship. We wish each other well in our individual endeavors."

Go Call Inc. is an Internet gaming software development, gaming marketing, and Celebrity Casino/Sportsbook company. Its services include the processing of transactions for online gaming through its Go Cash subsidiary. Its customers include Charities Sports Book.com (www.charitiessportsbook.com), Charities Bingo.com (www.charitiesbingo.com), and Go Scratch Tickets.com (www.goscratchtickets.com).

The Hartcourt Companies (OTCBB:HRCT) www.hartcourt.com 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; 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.

Some paragraphs of this news release, particularly those describing Go Call Inc.'s strategies and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange of 1934, as amended. While Go Call Inc. is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing their products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of Go Call Inc., its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Go Call Inc.'s results of operation. In light of significant uncertainties inherent in forward looking statements included herein, the inclusion of such information should not be regarded as a representation by Go Call Inc. or any other person that the objectives and plans of Go Call Inc. will be achieved.

CONTACT:

For Go Call Inc., Los Angeles

Wall St. Marketing Group

Mark Taggatz, 949/477-0640

ir@gocash.com

or

Go Call, Inc. Corporate Office, San Jose

James Palmer, Tele: 506/290-8923

FAX: 506/290-8926

Email: info@gocash.com

KEYWORD: INTERNATIONAL LATIN AMERICA

BW2153 JAN 05,2001

5:39 PACIFIC

8:39 EASTERN



To: funincolo who wrote (1685)1/5/2001 2:38:56 PM
From: StockDung  Read Replies (1) | Respond to of 2413
 
And it was such a deal in 1999. How could it be in the pinks and be such a failure. I am shocked.

CHEERS CHUMPS!!

Go Call Inc. Reports First Profitable Quarter

Earns net income of $280,213, or $0.014 per share, for the quarter ended June 30, 1999

Go Call Inc. (www.goca.com) (OTC BB:GOCA) reported that for the three months ended June 30, 1999, the casino managed by Go Call reported gross wagering receipts of $14,707,118, which, together with Go Call revenue from other operations of $128,496, resulted in net income to Go Call of $280,213, or $0.014 fully diluted per share.

Comparable results for the three months ended March 31, 1999, were $10,717,129 in gross wagering receipts to the casino and $464,506 in Go Call revenue from other operations, which resulted in net loss to Go Call of $320,673, or $0.016 per share.

Go Call is also disclosing its six-months results since it intends to file Form 10SB to become a fully reporting company subject to the Securities Exchange Act of 1934.

For the six months ended June 30, 1999, gross wagering receipts to the casino were $25,424,247, which, together with Go Call revenue from other operations of $593,002, resulted in net loss to Go Call of $40,460, or $0.002 per share. The financial information disclosed in this release does not include results of operations of Go Call's 92 percent-owned subsidiary, Country Star Restaurant Inc., or the effect of a one-time gain of $500,000 on the pending sale of Go Call's Caribbean Resort in the Dominican Republic.

Go Call is an Internet and telecommunications service company specializing in e-commerce. Its services include Internet management, licensing of online casinos, a banner-ad network, a paging service, the development of a comparison-shopping search engine and Internet kiosks.

Go Call's competitors within the Internet gaming market include Cryptologic (OTC BB:CRY), Starnet Communications (OTC BB:SNMM), Atlantic International (OTC BB:AIEE), Youbet.com (OTC BB:UBET), GalaxiWorld.com (NASDAQ:GLXW), GIC Global (OTC BB:GGNC), First Entertainment (OTC BB:FTET).

Contact: Go Call Inc. Investor Relations, 800/448-2296 519/651-2121 ir@goca.com www.goca.com

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