Hartcourt zahlen raus 10 vor 10 abends wie peinlich während der börsenzeit - 500 Beiträge pro Seite

[tangastuepsi]

LOS ANGELES, Aug 17, 2001 /PRNewswire via COMTEX/ -- The Hartcourt Companies, Inc. (HRCT , www.hartcourt.com, today reported financial results for the second quarter 2001. Revenues exceeded estimates for the second quarter posting 1,877,865 million U.S. dollars, which is a 700% increase over the $253,361 recorded Q1 2001 and a 525% increase over the $342,213 for Q2 2000. Revenues were $2,131,226 for the six months ended June 30, 2001 as compared to $690,441 for the same period in year 2000. Hartcourt lost one cent ($0.01) per share for Q2 2001 as compared to two cents ($0.02) loss per share for Q1 2001.

Revenues for the three months ended June 30, 2001 were derived from Hartcourt`s 100% ownership of the Sinobull Group, 50% ownership of Streaming Asia and a 51% ownership in subsidiary ElephantTalk. ElephantTalk`s revenues were recorded from the day of acquisition, May 16th to June 30th for the second quarter 2001.

Cost of sales was $1,294,404 for the three months ended June 30, 2001 compared to $115,531 for the same period in 2000. Selling, general and administrative expenses were $1,994,419 for the three months ended June 30, 2001, compared to $1,091,997 for the same period in 2000. The increases in cost of sales and SG&A expenses year over year were due to the additional segments being consolidated during the period not reflected in year 2000.

The net loss before interest, taxes, depreciation and amortization was $740,238 for Q2 2001 vs. $1,052,187 for Q1 2001. Cash Flows used by operations decreased from $762,201 in Q1 2001 to $382,321 for Q2 2001.

Mr. Manu Ohri, Hartcourt CFO explained, "Finalizing Hartcourt`s majority ownership positions in Sinobull Group, Elephant Talk Limited and Streaming Asia allowed Hartcourt to record a significant increase in revenues for the second quarter 2001. Hartcourt now has six revenue-producing subsidiaries, with a minimum three additional units expected to come online in Q3; Ton Bo Software, HCTV and the E-learning project. Hartcourt`s L.A. headquarters have been streamlined in anticipation of the company`s re-location of its main operations to China. Operational margins are expected to show continued improvement in subsequent quarters as the economies of location, lower cost of key personnel and increased effectiveness of operational oversight, work their way to the bottom line over the next few quarters.

Hartcourt Chairman Alan Phan, stated: "This was a landmark quarter for Hartcourt. Reporting the results from our ventures demonstrates the early success of our business strategy, and we are working hard to continue this success in what has proven to be a difficult year for the tech environment. The focus on developing synergies and building a commerce framework for our ElephantTalk, Sinobull, Media Services and E-learning properties while driving each units revenue growth will greatly expand the potential of our entire organization. We are dedicated to increasing shareholder value by aggressively pursuing additional expansion opportunities and accretive acquisitions to generate additional sustainable revenues in all four divisions. These developments will bring the goal of public divestiture of market mature operational segments closer to reality. We are positioning the Hartcourt Companies to best take advantage of China`s increasingly favorable business and economic environments as its entry into the WTO grows ever closer. This event will provide broad access to the largest emerging consumer and business markets in the world and Hartcourt plans to be ready."

Hartcourt`s second quarter accomplishments and subsequent events:
-- The closing of the Elephant Talk, Sinobull Information and Sinobull
Networks acquisitions ...
-- Hartcourt increased ownership in StreamingAsia to 85% ...
-- Sinobull`s acquisition agreement of 60% of Ton Bo Software ...
-- HC Financial TV Ltd commenced operations ...
-- Alliance with Equis, A Reuters Company, to market MetaStock products
to Greater China ...
-- Sinobull agreement to provide financial contents to YesMobile ...
-- ElephantTalk selected by Liu Chong Hing Bank for IDD Service ...
-- Launched e-learning division with Cal State Fullerton and Northern
JiaoTong University ...
-- ElephantTalk was selected as IDD Service Provider For Emperor Group ...
-- Sinobull Information agreement with China`s Bank of Communications to
provide FX products ...

About Hartcourt

The Hartcourt Companies is a holding and development enterprise that is building 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 divestitures via IPO or public merger in it`s four main divisions to fully realize the value of these assets for its investors.; The Sinobull Financial Group, Media Services Group, Broadband/Telecommunications Group and The E-learning Division.

About The Sinobull Group

The Sinobull Financial Group consists of Sinobull Information (formerly Guo Moa), Financial Telecom, Sinobull networks (formally Shangdi), and UAC online with investments in Wind Info. The Sinobull Group is a leading financial content provider, develops technologically advanced financial services platforms, and operates a financial internet portal. Sinobull provides mainland brokerages and financial institutions the hardware, software and internet platforms to enable their customers access to a comprehensive suite of quality financial news, real-time market data, financial analysis and professional market commentary. Sinobull.com, their financial services and information portal, is one of China`s most popular -- generating 60 million mpv. The company`s E-Finance platform is an integration of the most advanced internet, telecommunication and wireless access systems available on the market today. The service platform and collateral content is offered via subscription to leading securities brokerages, investment firms, banks, and media companies throughout Greater China.

About Broadband/Telecom Group

Broadband/ Telecommunications Group, centered around its subsidiary ElephantTalk and a future venture with Innostar HiTech Enterprises of China, is focused on the development and delivery of comprehensive telecommunication services, broadband content, broadband enabling technology and the management of services on broadband infrastructure. In addition, these broadband efforts are being designed to provide expanded revenue sources for Hartcourt`s existing subsidiaries products and services. Hartcourt is continuing its efforts to identify and actuate strategic investments in the development of web hosting and data warehouse solutions; providing secure internet services for China businesses in e-commerce, IP telephony, internet exchange centers, high speed wireless platforms, and ISP/Content services.

About Media Services Group

Media Services Group, Operating companies Streaming Asia, Logicspace and Syndicate Asia with an investment in Total System Solutions (TSS) provide comprehensive real-time audio and video delivery (Streaming Media) solutions along with internet consulting and web application development for businesses, professionals, organizations, web sites and content publishers. The Streaming Media Group`s network infrastructure enables the streaming of superior-quality multimedia advertising, live event broadcasting and on-demand audio and video content over the Internet to target audiences throughout Asia and globally.

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.

For further information please contact: Manu Ohri of The Hartcourt Companies

[projektionsmatrix]

hast Du den A.... o.... ?

p-matrix

[Sstocktrader]

Wieso peinlich?
Die meisten Unternehmen melden ihre Zahlen nach Börsenschluß.

Also erst überlegen, dann schreiben.


MfG Sstocktrader... .

[Supastah]

@Sstocktrader:
Hä ?

[tangastuepsi]

wann macht die börse zu 10 vor 10????
erst denken dann tippen


diese aktie ist einfach nur ein fake

[martina22]

Diese Zahlen sind doch etwas enttäuschend. Hätte mir mehr erwartet. So long.