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

To: daddyo2 who wrote (2137)	6/12/2001 9:08:43 PM
From: georgevista	Read Replies (2) \| Respond to of 2413

Sinobull And Equis, A Reuters Company, Form Development And Marketing Alliance For Greater China Equis Obtains Option To Convert Payments Into Equity Ownership Of Sinobull Financial Group INTERNET WIRE -- The Hartcourt Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that Sinobull Financial Group, a Hartcourt company, and Equis International, a wholly owned subsidiary of Reuters Group (NASDAQ: RTRSY - news), have signed an agreement to form a strategic partnership alliance. This alliance will jointly develop and implement a plan to localize Equis' award winning MetaStock family of products and market them to investors in Greater China (China, Hong Kong, Macau and Taiwan). Through this alliance, Equis International grants Sinobull Group conditional territorial exclusivity for the well-known MetaStock products to be marketed within Greater China. Sinobull and Equis will also jointly develop localized software products for Chinese investors. A mutually agreed upon royalty fee will be paid by Equis to Sinobull for any products developed through this alliance. Equis International has also obtained the option right to convert funds received from the sale of products into common shares or private placement equity ownership of Sinobull Financial Group. The two parties have planned to expand this alliance into additional future commercial and licensing contracts to optimize the marketing network and the technical capability of Sinobull Group in Greater China. Dr. Charlie Q. Yang, CEO of Hartcourt, said, "Our Sinobull subsidiaries have long been associated with Reuters in China and both are offering stock information services to leading media newspapers in China. This new alliance will give us another opportunity to work closely with Equis, a Reuters subsidiary, to develop a revenue-driven strategic partnership. MetaStock software products are very popular in America and Europe. If we could duplicate its success in Greater China, we shall have a real big winner. Our team is ready to start on the development and implementation of this agreement." About The Sinobull Financial Group Sinobull Financial Group is a financial data provider and technology developer and the owner of the popular financial portal, Sinobull.com. Together with all subsidiaries and affiliates of Sinobull Financial Group, Hartcourt and its strategic partners are providing news, data and analysis to the business community and media outlets; 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/media organizations. About Hartcourt The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government- sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt's operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors. 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.