Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: funincolo who wrote (1921)	2/14/2001 1:59:50 PM
From: Ice Cube	Read Replies (5) \| Respond to of 2413

That's it? What a shame.

To: funincolo who wrote (1921)	2/14/2001 9:34:42 PM
From: StockDung	Read Replies (1) \| Respond to of 2413

Highly regarded by who? tenkwizard.com Mr. Manu Ohri, Hartcourt's Chief Financial Officer stated, "Weinberg & Co. is a highly regarded accounting firm that provides professional services to a wide variety of publicly traded companies. Hartcourt Appoints Weinberg & Company As Its Independent Certified Public Accountants LOS ANGELES, Feb. 8 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT)(www.hartcourt.com) announced today that it has appointed Weinberg & Company, P.A., as the company's independent certified public accountants. Mr. Manu Ohri, Hartcourt's Chief Financial Officer stated, "Weinberg & Co. is a highly regarded accounting firm that provides professional services to a wide variety of publicly traded companies. Based upon the size and scope of Hartcourt's on-going activities, we believe that Weinberg is well suited to provide accounting and auditing services to Hartcourt in the U.S. and Asia. We are confident that Weinberg will be able to complete the audit of Hartcourt on time and assist in filing all required regulatory reports within the prescribed time period. "While I was in Hong Kong last week, I had the opportunity to meet with the management teams of Hartcourt's major affiliates and other professionals where we reviewed their objectives for the current year. Based upon those meetings, I am very optimistic that Hartcourt can meet the objectives of its previously stated 2001 business plan. The Company remains focused on those issues that are of the greatest importance to enhancing shareholder value." 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 goals over the next three years is to complete a series of IPOs or spin-offs focused on four main divisions: the streaming content group (video/audio) currently the leading 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 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. SOURCE The Hartcourt Companies, Inc. CO: Hartcourt Companies, Inc.; Weinberg & Company, P.A. ST: California IN: MLM TLS FIN SU: 02/08/2001 08:03 EST prnewswire.com

To: funincolo who wrote (1921)	2/17/2001 9:45:13 AM
From: funincolo	Read Replies (3) \| Respond to of 2413

Major IT growth foreseen (02/17/2001) China's information technology (IT) industry will double its size within five years to make the country a top telecom market and leading IT product maker worldwide, Wu Jichuan, the minister of information industry told a national IT forum Friday. The two legs of the IT industry, telecom and electronic product manufacturing, have become the most rapidly growing sectors and supporting pillars of the country's economic growth, Wu said. This annual forum of the Ministry of Information Industry, attracted representatives from all related government bureaux and leading IT companies. Wu said that year 2000 was the most significant year for the Ninth Five-Year Plan (1996-2000). During the year, China became the world's second biggest telecom market, in terms of both network capacity and number of subscribers. Telecom revenue reached 307.4 billion yuan (US$37.2 billion) in 2000, recording a 26.4 per cent growth rate compared with that of the previous year. Fixed-line telephone users increased by 35.6 million to reach 144 million and mobile telephone users doubled in number in the year to reach 85.26 million. National telephone coverage reached 20.1 per cent last year with 39 per cent of households in cities having fixed-line telephones and 6.7 per cent of the 1.25 billion Chinese having their own mobile phones. The electronic information product makers were not overshadowed by the outstanding performance of the telecom sector, with a total revenue of 580 billion yuan (US$70 billion), which represents a growth of 34 per cent over the previous year. Exports of electronic information products increased by 41 per cent to reach US$55.1 billion for the year. "The IT industry will maintain a 20 per cent growth rate through the coming five years," Wu said. He said the Ministry of Information Industry will help nurture a group of international conglomerates this year with three to four companies realizing total sales of 40 billion yuan (US$4.8 billion) and eight to 10 coming in at 20 billion yuan (US$2.5 billion). The ministry will also push for four or five electronic companies to go public abroad. Wu said he hoped one or two of them could make IPO (initial public offering) before the year is out. Wu also presented a blueprint for the country's IT industry in the 2001-05 period. Keeping a 20 per cent yearly growth rate, China will become the world leader in both the fixed-line and mobile telecom fields by the end of the period. Telephone coverage will reach 40 per cent with total telecom subscribers surpassing 500 million by the year 2005. Wu said by the year 2005, there will be 40 million computers connected to the Internet. Netizens will number 15 per cent of the total population, reaching 200 million. China had 22.5 million netizens by the end of year 2000, according to statistics from the Ministry of Information Industry. Wu said the revenue of the telecom and postal fields will reach 1,000 billion yuan (US$121 billion) by the year 2005. Exports of electronic information products will reach US$100 billion by 2005. Revenue from the electronic information product manufacturing sector will reach 1,500 billion yuan (US$181 billion) with income in the software field reaching 250 billion yuan (US$30.19 billion), Wu said. (China Daily by Hou Minjuan)