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Hartcourt Subsidiary Builds Asia`s Largest B2B Electronics Marketplace with Alliance Partner
LogicSpace and Traderfirst Announce Asia`s Largest Industry Specific Business-to-Business E-Platform
LOS ANGELES, Oct. 11 /PRNewswire/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com today announced that LogicSpace, a wholly-owned subsidiary of StreamingAsia, and the Internet`s leading solutions provider for online business-to-business services in Hong Kong, jointly announced that it and alliance partner, Traderfirst.com Ltd., have successfully launched their new e-commerce platform.

The online electronic B2B platform was designed and developed under the co-operative efforts of Traderfirst.com`s industry experts and LogicSpace`s Internet professionals. Traderfirst is generally recognized as Asia`s largest business-to-business electronics industry marketplace and ASP provider for the electronic components and semiconductor industries in Asia.

The strategic alliance was developed to allow Traderfirst.com Ltd. and LogicSpace to offer the Asian electronics community an open and neutral marketplace for industry trading. Trading is more competitive and efficient on Traderfirst.com because players have access to a wide range of buyers and sellers and timely market knowledge. To date, Traderfirst.com has over 3,000 registered corporate members who regularly use its online industry trading services while membership continues to expand at a significant rate.

``Traderfirst.com`s B2B platform is designed to enhance the efficiency in the supply chain of the Asian electronic component industry. LogicSpace will help to extend the Traderfirst online exchange, creating an infrastructure that will allow the exchange to operate a comprehensive open-market sourcing and trading solution for all participants in the electronics component industry,`` said Ricky Chan, President of Traderfirst.com Ltd.

``Having already demonstrated considerable expertise in constructing scalable net markets, today`s announcement further strengthens LogicSpace`s position as a leading solutions provider in B2B Net Market design, technology, architecture and security,`` said William Wong, CEO of StreamingAsia and LogicSpace.

About StreamingAsia 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. Hong Kong-based StreamingAsia (www.streamingasia.com) provides Web portals with services for the delivery of ``streaming`` or live and on-demand video and audio content over the Internet for content publishers and is considered to be among the premiere companies offering such services in Greater China.

About Traderfirst.com Ltd.

Traderfirst.com provides the most powerful electronics marketplace for electronics parts trading. Buyers post request for quotation (RFQ) on the site and locate hard-to-find parts by using the latest data-mining technologies. Sellers reply to the posted RFQ and advertise their inventories to the highly targeted buyers.

About LogicSpace Ltd.

LogicSpace, (www.logicspace.com) a wholly owned subsidiary of StreamingAsia, is an Internet consulting and web application development company that provides a wide range of Internet services, including web page design, system architecture and solution implementation.

SOURCE: The Hartcourt Companies Inc
 
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Autor (Datum des Eintrages): escapado  (11.10.00 14:50:57)
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