Hartcourt ein neuer Anfang! - 500 Beiträge pro Seite

[new_investor]

Hartcourt Kursziel 1,10 $

infos unter :
http://www.investorshub.com/boards/board.asp?board_id=1456

Schau mer mal

[Gurki]

wie kommst du gerade auf 1,10 $ ?

[new_investor]

Gurki kannst erhöhen wenn du willst mein Kursziel ist sehr sehr konservativ!
Aus dem aktuellen Kurs von 0,435 wäre dies ein Anstieg von nur 150% ! Bedenke vor 4 Wochen standen wir noch bei 0,06 $ = Anstieg ca. 750%

Die Q1 Zahlen kommen mitte Mai (inkl. Umsatz von Huaqing)
Gemessen am Jahresumsatz von Huaqing wäre HRCT mit
1-1,50$ fair bewertet.

Wie gesagt Kursziel bis ende 2003 oder früher 1,10$.

Schau mer mal

[die_null]

Ich tippe auf 1,11

[new_investor]

Ein Traumchartbild
Nachdem wir die 0,42 geknackt haben ist der nächste Widerstand im Bereich von 0,63- 0,68 zu sehen! Mit den guten Q! Zahlen und ein paar guten News wird das zu schaffen sein!

Schau mer mal

ps:falls der chart nicht angezeigt wird hier der URL:

http://host.wallstreetcity.com/wsc2/GR-R-HRCTE-626860-1-1-0-…

[new_investor]

Noch eine Interessante Seite !

Schau mer mal

http://quotes.barchart.com/texpert.asp?sym=hrct

[new_investor]

Der Chart nochmal:

[new_investor]

Kursziel wird hiermit auf 2,50 $ erhöht! >bis ende 2003 oder früher

Schau mer mal

HARTCOURT COMPANIES INC OTCBB


Back to Headlines | Previous Story



Hartcourt Acquires NewHuaSun Group, a Major PC Marketer and Distributor in Southern China

LOS ANGELES, Apr 30, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that it has signed a definitive agreement to purchase 45 percent of Guangdong NewHuaSun Computer Co. Ltd., a major PC distributor and marketer based in Guangzhou, China. Furthermore, Hartcourt has obtained a voting proxy for an additional 10 percent of outstanding shares of NewHuaSun to effectively control the Board of Directors.

The purchase price for the 45 percent acquisition is RMB$27.26 Million (US$3.3Mil) payable in restricted common shares of Hartcourt at US$0.24 per share. The share price was fixed 2 months ago at the start of negotiation.

In 2002, NewHuaSun recorded sale revenue of 455 Million RMB (US$55 Million) and a net profit of 9.7 Million RMB (US$1.2 Million). It was recently voted by PC Online as the Top Computer Marketer in Southern China, occupying a 26.7 percent share of the local market ( www.pconline.com.cn ). NewHuaSun, founded in 1998, specializes in the marketing and distribution of PC and other digital products. The company owns and operates 5 flagship stores and service centers, as well as 60 affiliated stores in Guangdong, Guangxi, Fujian, Hunan and Hainan provinces, serving customers with latest computer hardware, software, technical services and digital products.

NewHuaSun`s business model is exactly the same as HuaQing, another Hartcourt subsidiary. Recently acquired by Hartcourt, HuaQing recorded a US$65 Million in sales and $1 Million in net profit in 2002. The two companies are complementary in their geographic coverage that includes the 6 richest areas in China. Their combined revenue should give Hartcourt over $125 Million in sales for the next 12 months. Despite being in the center of the SARS epidemic last few months, NewHuaSun obtained RMB$97 Million (US$ 11.82 Million) in sales for Q1 of 2003.

China has experienced explosive growth in PC sales for the last 10 years from 670,000 PCs sold in 1994 to 7,260,000 in 2001. IDC predicts China`s PC sales will grow at 18-22% for the next 5 years, with sales reaching 19,800,000 PCs in 2006 (global PC sales is 131,800,000 in 2002 vs. China`s 9,280,000). Experts believe the huge market potential will come from the low PC penetration in home uses (5% in China compared to 49% in the US), as well as demand from technology upgrades and adoption of information technology by SMEs (small medium enterprises) and government sectors.

More details on NewHuaSun and the PC market in China could be obtained from Hartcourt Website, www.hartcourt.com or NewHuaSun website, www.newhuasun.com.cn .

Mr. X.M Kan, Chairman and President of NewHuaSun, comments, "We look forward to a bright future under Hartcourt`s leadership. The synergy of HuaQing- NewHuaSun will enable us to improve our profit margin and to expand more easily with our combined purchasing power and marketing budget. If Hartcourt could carry out its plan to purchase additional companies with more geographical coverage as well as our major competitors in the next 12 months, we shall be the third largest PC marketer in China, after Legend and Founder."

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and developing company specializing in the acquisition and development of private companies within high-growth industries in China. Hartcourt`s business strategy is to add substantial value in terms of financial restructuring and corporate governance to enable these subsidiaries goes public via IPO or reverse merger. Detailed information on Hartcourt can be obtained via the company`s Web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

Contact: Ms. Wenny He Tel: [phone], Fax: [phone] Email: [e-mail] .

SOURCE The Hartcourt Companies, Inc.

Wenny He of The Hartcourt Companies, Inc., + 8621 5213 0673, or
fax, + 8621 5213 0664, [e-mail]

http://www.pconline.com.cn


Copyright (C) 2003 PR Newswire. All rights reserved.

[new_investor]

Einige Bilder von der Neuanschaffung NewHuaSun Computer Co. Ltd.

zu finden unter http://www.hartcourt.com

Schau mer mal

[Goldwasser]

Hallo Jungs!

Sieht ja richtig gut für unseren kleinen Schatz aus
Wünsche uns allen einen weiteren stabilen Kursverlauf.
<Goldwasser>

[new_investor]

Interressanter Artikel !

Kursziel 2,50$ ende 2003 oder früher

Schau mer mal

Quelle:
http://www.theaxcess.net/microcap_01_0503.html

Hartcourt Acquires Yet Another Chinese Resource

By Dave Porter - Axcess Business News

The Hartcourt Companies, Inc. (OTCBB: HRCT) of Los Angeles, a diversified holding company, announced Wednesday April 30th the acquisition of 45% of Guangdong NewHuaSun Computer Co. Ltd, marking the second Chinese PC distributor Hartcourt has purchased.

Hartcourt had acquired HuaQing, the first PC distributor, on March 17th, bringing the combined PC distributors revenue to approximately $125 million dollars. Hartcourt`s strategy is to acquire high-growth businesses in China and by the look of its recent acquisition this week, it appears to be doing just that.

Hartcourt is an usual story in that its an American company focused on acquiring Chinese companies. What has been in vogue by Asian entrepreneurs is to merge their business into an American shell corporation. That foreign enigma was due to the stability of the American dollar and access to our capital markets. Few of these reverse mergers have proven to be successful.

Axcess Business News had covered a Korean security equipment manufacturer who essentially gone public in via a shell merger. Hunno Technologies (OTCBB: HUNN), which had Fortune 500 ties and multi-million dollar contracts, to date has been unsuccessful in its attempts to find a receptive ear on Wall Street. But in the case of Hartcourt Companies, Inc., the strategy seems to be working when applied in reverse and acquisitions were negotiated to purchase Asian companies.

Behind Hartcourt`s success is Mr. Alan Phan, Chairman of Hartcourt, who has patiently surrounded himself with very distinguished board members and a management team that knows how to work collectively. A combination that in any business today is hard to find.

Axcess Business News credits Phan`s long-term thinking and sharp people skills with the Company`s recent success. Prior to the acquisitions of NewHuaSun and HuaQing Phan had shown his forward thinking by launching China Report magazine on March 4th. The magazine is financial in focus and centers on doing business in China, reporting on those industries worth watching. China Report is being distributed directly to investment banking firms, fund managers, venture capitalists and brokerage houses throughout the US, Europe and - Asia. It is Phan`s vision to bring awareness to the financial community of the many opportunities that exist in China, shaking the stigma of government restrictions and complex laws.

Hartcourt`s shares shot up 100% since signing the initial letter of intent with Guangdong NewHuaSun Computer Co. LTD, closing Thursday May 1 at $0.48 on volume of 624,400 shares. Average volume was reported to be 519,838 shares. HRCT`s 52 week hi/lo share price is $0.046 to $0.55. Axcess Business News added HRCT to its Stock Guide`s "best picks" column on the close of trading today.

We hope you enjoyed reading our newest financial column, Micro Cap Watch. Please show your support for our journalists and financial news columns by joining Axcess Business news now. By joining you can get news alerts on stocks we follow plus the latest financial columns, commentary and business news every week in our Axcess News Alert. Please join now.

[pattayamafia]

Hallo zusammen,

ich hbe diese Aktie nun schon mehrere Jahre mitgeschleppt und die Entwicklung nun ist doch nicht unerfreulich.

Welches Kursziel ist bis Dezember realistisch?

Gruss

Pattaya-Mafia

[new_investor]

Hi Pattaya

mein Kursziel von 2,50€ bleibt ! Nach den Q1 Zahlen schaun mer mal ; ob ich erhöhen mus oder so.

Schau mer mal ;

[new_investor]

Ein paar Bilder von GUOWEI!

[new_investor]

Unsere Dividende von Hartcourt (ETLK) kann sich auch sehen lassen

ELEPHANT TALK COMMUNICATIONS (OTCBB:ETLK)
Last: 0.510
High: 0.510
Low: 0.290
Open: 0.290
Change: +0.35
Volume: 10,600


Bid: 0.150
Ask: 0.510
Bid/Ask Size: 5,000 / 2,500


52 Wk High: 11.250
52 Wk Low: 0.040
%Change: 218.7%

[new_investor]

Hartcourt erwirbt GuoWei Group, einen bedeutenden PC Händler und Vertrieb in Shanghai

Los Angeles (08.05.2003) The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009 www.hartcourt.com) gaben heute bekannt, daß sie 45% von Shanghai GuoWei Science and Technology Ltd. erwarben (www.guowei.com.cn) . GuoeWei ist in ein bedeutender PC Händler und Vertrieb in Shanghai. Außerdem erhielten sie zusätzliche 10% des Umlaufkapitals, um die Kontrolle des Aufsichtsrats zu haben.

Der Kaufpreis für die Übernahme der 45% beträgt RMB35.85 Million (US$4.35Mio) und wird mit 10,863,792 "restricted common shares" von Hartcourt bezahlt. Der Aktienwert für diesen Vertrag wurde bei US$0.40 festgelegt.

GuoWei hatte 2002 einen Umsatz von RMB310 Million (US$37.6 Million) und einen Gewinn von RMB$4.8 Million (US$585,000). Es ist einer der Top PC Händler in Shanghai und ist spezialisiert auf „DIY (do-it- yourself)" PC Assembler und Online PC Vertrieb.

GuoWei wurde 1996 gegründet und betreibt 13 Filialen mit Service Center und Vertrieb in Shanghai und Umgebung. Die Kaufhäuser bieten Kunden die neuesten Hardware-, Software- und Digital Produkte, sowie den technischen Service. Sie sind ebenfalls der führende Online PC Vertrieb für Computerprodukte in Shanghai über www.12diy.com.

GuoWei´s Geschäftsmodell ist sehr ähnlich mit dem von HuaQing und NewHuaSun, zwei Hartcourt Tochterfirmen. Die kürzlich von Hartcourt übernommenen Tochterfirmen HuaQing und NewHuaSun erwirtschafteten 2002 zusammen einen Umsatz von US$120 Million und einen Gewinn von US$2.2 Million. Mit GuoWei werden alle drei Tochterfirmen in den nächsten 12 Monaten über US$165 Umsatz erwirtschaften. Im 1. Quartal 2003 verbuchte GuoWei einen Umsatz von RMB99.5Mil (US$12Mil).

In den letzten 10 Jahren erlebte China ein explosives Wachstum im PC Verkauf. 1994 wurden 670,000 und im Jahre 2001 7,260.000 PC´s verkauft. "IDC" erwartet für die nächsten 5 Jahre ein Wachstum von 18-22% bzw. 19,800,00 verkauften PCs im Jahre 2006 (weltweit wurden im Jahre 2002 131,800.00 PC gekauft und davon 9,280,000 in China). Experten glauben, daß das große Potential vom geringen PC Durchbruch in Haushalten (5% in China verglichen mit 49% in den Staaten), sowie die Nachfrage von Technologieverbesserungen und Annahme von Informationstechnologie durch kleine und mittlere Unternehmen und dem Regierungssektor kommt.

Weitere Informationen über GuoWei und den PC Markt in China finden sie auf der Hartcourt Webseite (www.hartcourt.com), oder auf der GuoWei Webseite (www.guowei.com.cn)

Mr. Zhou Jian, Geschäftsführer und Präsident von GuoWei sagte: „ Wir sind erfreut uns mit HuaQing und NewHuaSun zu vereinen, um eine bedeutende PC Marketing Gruppe unter der Leitung von Hartcourt in China zu schaffen. Zweifellos gibt es mehr Firmen, die bestrebt sind sich mit uns zu vereinen. Unsere gemeinsame Kaufkraft und Marketing Budget verbessert unsere Gewinnspanne. Die Übernahme Strategie von Hartcourt ermöglicht uns dynamischer zu expandieren. Hartcourt´s Mission ist „Bringing China`s future growth into the present". We only just begin."

Kursziel 2,50 ende 2003 oder früher

Schau mer mal

[pattayamafia]

Hi,
das sieht doch mal gar nicht soschlecht aus.
Es ist jedenfalls erfreulich, dass man mal endlich in den Hartcourt Reihen ohne dumme Polemik und Rumgesülze Infos bekommt und diskutieren kann.

Gruss

pattaya-mafia

[new_investor]

@pattaya

Ganz deiner Meinung.

Last: 0.560
High: 0.565
Low: 0.525
Open: 0.525
Change: +0.03
Volume: 280,800


Bid: 0.560
Ask: 0.570
Bid/Ask Size: 2,500 / 2,500

10:10:51 0.560 2500 OTCBB at Bid
10:10:43 0.560 3000 OTCBB at Bid
10:10:43 0.560 2000 OTCBB at Bid
10:10:43 0.565 5000 OTCBB
10:10:05 0.555 5000 OTCBB
10:09:35 0.555 3000 OTCBB at Bid
10:09:32 0.555 2500 OTCBB at Bid
10:08:10 0.560 500 OTCBB
10:06:44 0.565 2000 OTCBB at Ask
10:06:24 0.555 2500 OTCBB at Bid

Schau mer mal

[new_investor]

Was für ein Endspurt!

Kursziel 2,50€ bis ende 2003 oder früher

Schau mer mal

Last: 0.645
Close: 0.630
High: 0.650
Low: 0.525
Open: 0.525
Change: +0.11
Volume: 2,283,000


Bid: 0.640
Ask: 0.680
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 0.650
52 Wk Low: 0.046
%Change: 19.3%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


Quotes provided by S&P Comstock
05/09/03 - 4:20 p.m. Eastern -- No Quote Delay.




16:01:45 0.645 5000 OTCBB
16:00:43 0.645 2200 OTCBB
15:58:35 0.630 5000 OTCBB at Bid
15:58:14 0.640 8000 OTCBB
15:58:07 0.645 8000 OTCBB
15:57:25 0.645 300 OTCBB
15:57:00 0.640 13800 OTCBB
15:56:56 0.640 1000 OTCBB
15:56:56 0.645 200 OTCBB
15:56:56 0.645 1000 OTCBB

[Fuchsie]

Hallo Hartcourt-Freunde,

tolle Performance heute wieder. Endlich stehen wirklich Fakten dahinter. Da sind selbst die üblichen Nörgler stumm. Ist ja auch kein Wunder, denn jetzt stimmen die Fakten. Toll was Hartcourt nun auf die Beine bringt. Wenn man an die Zukunft denkt und an China, mit den olympischen Spielen und der immensen Bevölkerung, die zum großen Teil in entfernten Gebieten lebt, schreit doch das förmlich nach Computern und Internet. China steht doch erst am Anfang und der politische Umbruch findet auch erst gerade seinen Anfang. Wenn man dann an das Potenzial von Hartcourt denkt, kann es nur weiter bergauf gehen. Ich für mein Teil bin sowieso immer länger firstig ausgerichtet und baue mir immer Visionen aus. Ob ich damit immer richtig liege, kann ich natürlich auch nicht sagen. Aber ich denke, das dies bei der Aktienanlage immer der richtige Weg ist und ich in der Vergangenheit auch nicht schlecht gefahren bin, obwohl ich auch schmerzliche Verluste tragen musste. Aber das sind ja auch Erfahrungen die man einfach erleben muss um erfolgreich an der Börse zu sein.


Allen HRCT-Freunden und Aktienanlegern beste Grüße

Fuchsie

[pattayamafia]

Guten Morgen,

ich glaube, dass SARS mit dazu beiträgt, dass die Leute zu hause bleiben und sich mehr für das Internet interessieren.

Auf der anderen Seite denken wir hier in Europa viel zu klein. Diese Bevölkerungsmasse mit diesem Wirtschaftswachstum kann nur dazu führen, dass solche Aktien wie Hartcourt, Tsingtao Brauerei etc mittel und langfristig für verarmte Deutsche ( dazu wird es kommen) eine Rentensicherung sein können.

Ist denn schon bekant ob und wann es Dividende gibt?
Was ist eigentlich mit den Elephant Talks, die wir ins Depot eingebucht bekommen haben? Tut sich denn da etwas.

Gruss

Pattaya-Mafia

[Franz Beckenbauer]

Brauchst doch nur das Kürzel ETLK einzugeben
Am 8.5. 218% zugelegt (!!!) auf 0,51#
Heute Rückgang auf 0,30
Aber nach dem 1 Jahr Sperre liegen die auch ein ganzes Stück höher !!!!!!!!!!!!!!!!!!!1

[Axolotl]

hallo franz,
hab da wohl ordentlich etwas verpasst!?!:O
habe in meinem depot auch ein paar elephant talk, die jedoch ohne wert drin liegen. wann werden denn die frei bzw. würde mich interessieren, wieso ich diese aktien überhaupt erhalten habe. für eine kurze info wäre ich dankbar
gruß Axolotl

[Rattlesnake]

die ETLK-aktien hat hartcourt nach dem börsengang von ETLK als dividende an seine aktionäre weitergegeben. dabei wurden 5 mio ETLK aktien verteilt. die quote war etwa 1:17. also für je 17 HRCT hast du eine ETLK bekommen. da es sich um eingeschränkt handelbare aktien handelt, werden sie in deinem depot mit wert 0 angezeigt.
die ETLK-aktien unterliegen einer sperrfrist von einem jahr ab zuteilung. die sperrfrist läuft, glaube ich, im oktober 2003 aus.

Rattlesnake

[Axolotl]

hallo rattlesnake,
vielen dank für die info!
gruß Axolotl

[2002buyer]

Ihr könnt euch gerne bei dem Shareholder Meeting im IHub eintragen. Es wird eine Veranstaltung ohne dem Management und dient einfach dem Informationsaustausch zwischen den Aktionären. Es wird ein bunter Abend und für neue Shareholder sicher sehr interessant.

Viele Grüße
Andi

http://www.investorshub.com/boards/board.asp?board_id=1456

[H@ns]

ElephantTalk Signs Agreement With France Telecom to Bring Greater China`s Voice Traffic to Europe
Wednesday May 14, 7:01 am ET

ElephantTalk Continues to Build Impressive Position in China`s Telecom Sector

HONG KONG, May 14 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (OTC Bulletin Board: ETLK - News) announced the signing of a bilateral carrier`s agreement with Europe`s prestigious telecom giant, France Telecom, to transmit voice traffic from Greater China throughout Europe. ElephantTalk estimates the agreement will generate additional telecommunications traffic flow of approximately 60 million user minutes per month as a result of more cost- efficient routes. ElephantTalk is a former majority owned subsidiary of the Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT - News).

ADVERTISEMENT

"We look forward to working with France Telecom, one of the world`s leading telecommunications companies," commented Mr. Russelle K.P. Choi, ElephantTalk`s President and CEO. "ElephantTalk`s services and networks will be significantly enhanced by France Telecom`s broad international network coverage and their world renowned telecom research center. The infrastructure strength and extensive industry contacts of ElephantTalk in Greater China`s telecom sector combined with France Telecom`s world leading network hub positions our companies to serve as China`s preferred telecommunications gateway to the European continent."

The Vice President of France Telecom`s Network and Carriers Division -- Asia, Mr. Jean-Francois Thomas, added, "Our agreement with ElephantTalk is the latest example of our commitment to telecom growth in China and Asia more generally, which we see as a key priority in France Telecom`s international wholesale strategy. By interconnecting with competitive service providers like ElephantTalk, we are also opening up more quality routes for our 1,000 carrier customers worldwide. We look forward to a long relationship with our new partner."

About France Telecom

France Telecom is one of the world`s leading telecommunications carriers, with 111.7 million customers on the five continents (220 countries and territories) and consolidated operating revenues of 46.6 billion euro for 2002 (11.4 billion euro at March 31st, 2003). Through its major international brands, including Orange, Wanadoo, Equant and GlobeCast, France Telecom provides business, consumers and other carriers with a complete portfolio of solutions that spans local, long-distance and international telephony, wireless, Internet, multimedia, data, broadcast and cable TV services.

France Telecom is the second-largest wireless operator and Internet access provider in Europe, and a world leader in telecommunications solutions for multinational corporations. France Telecom (NYSE: FTE - News) is listed on the Paris and New York stock exchanges.

Corporate website: www.francetelecom.com

Carrier service website: www.opentransit.francetelecom.com

About ElephantTalk

Elephant Talk Communications, Inc. is a leading telecommunications company established in 1994. Located and operated in Hong Kong with offices in California, Hong Kong and Singapore, the company owns switching facilities in China, Hong Kong, US, and Singapore. ElephantTalk operates international long distance services on both sides of the Pacific to over 220 foreign destinations. They enable telecommunications carriers and other service providers the ability to offer long distance voice, fax, data and VoIP services to their end-customers, through an advanced and scaleable network. More information on ElephantTalk can be found at www.elephanttalk.com .

For more information please contact: Roxana Yung of ElephantTalk, (852) 2 707070 3, or fax, (852) 2 707070 7, [e-mail], or [e-mail]; or Manuel Lesaicherre of France Telecom, 33 1 44 44 93 93, or fax, 33 1 44 44 80 34, [e-mail]

The statements made in this press release, which are not historical facts, contains forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of the release, significant deviations on magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.





Source: Elephant Talk Communications, Inc.

[Lloret]

Ich sag nur: HAMMER! Go HRCT!

[Rattlesnake]

glaubt ihr, dass das große auswirkungen auf hartcourt haben wird?

Rattlesnake

[profibulle]

hi, eine frage habe ich:
wie gross ist der anteil von hrct an eltk noch??
immer noch die mehrheit?? dann würde der erfolg von eltk auch direkt in die bücher von hrct mit einfliessen. oder unter 50%, sodass hrct bei einer wertsteigerung von eltk enorme stille reserven aufbauen könnte?
besten dank für qualifizierte antwort
profibulle

[Lloret]

letzter stand 21 October 2002: 49.11%

The Hartcourt Companies, Inc.
2500 E. Colorado Blvd., Suite 301
Pasadena, California 91107

Common stock 17,895,580 -- 49.11%

sehe: www.elephanttalk.com -- Press Centre -- Proxy Statement

gruss
Lloret

[profibulle]

besten dank
profibulle

[Rattlesnake]

@Lloret, profibulle

mal langsam mit den pferden. hartcourt hält keine aktien mehr von elephant talk. sie haben sich komplett von elepant talk getrennt.

hier ein auszug aus den letzten Q&A:

Q. Are there any figures available on how ETLK is performing?

R. After distributing the dividends to our shareholders, Hartcourt has no shareholding or any other interest in ETLK. Please send your question directly to ETLK management

Rattlesnake

[new_investor]

Was für ein Tag!



HARTCOURT COS INC COM NEW (HRCT) Trade Set Alerts!
Quote 05/14/2003 16:04
Chart

Delayed / Real-Time
Last: 0.7600
Change: +0.1600 26.67%
Bid: 0.7500
Ask: 0.7650
Tick: Down
Vol.: 1,996,600
Mkt Cap: N/A
Market: OTCBB

-----------------------------------

ELEPHANT TALK COMMUNICATIONS INC COM (ETLK) Trade Set Alerts!

Quote 05/14/2003 16:07 ET
Chart

Delayed / Real-Time
Last: 0.5900
Change: +0.2900 96.67%
Bid: 0.5500
Ask: 0.6400
Tick: Up
Vol.: 195,400
Mkt Cap: N/A
Market: OTCBB

Morgen gehts weiter
Kursziel 2,50$ ende 2003 oder früher !

Schau mer mal

[MBent]

@rattlesnake
wie ist das hier zu verstehen?
The operations of Hartcourt for 2002 primarily consisted of operations of FTL (58.53% ownership interest), StreamingAsia (85% ownership interest), Sinobull (wholly-owned subsidiary), AI-Asia (wholly-owned subsidiary) and Hartcourt Capital, Inc. (wholly-owned subsidiary) and its investments and advances to entities in China, Hong Kong and US. ElephantTalk (51% ownership interest) and HCTV (66.7% ownership interest) were disposed-off as of September 30, 2002 and June 30 2002 respectively. The operations of Hartcourt for 2001 primarily consisted of operations of FTL (58.53% ownership interest), StreamingAsia (85% ownership interest), ElephantTalk (51% ownership interest) , Sinobull (wholly-owned subsidiary), HCTV (66.7% ownership interest), AI-Asia (wholly-owned subsidiary) and Hartcourt Capital, Inc. (wholly-owned subsidiary) and its investments and advances to entities in China, Hong Kong and US.

danke für eine info.
gruss mbent

[2002buyer]

Hartcourt hatte vor einigen Monaten 51% von Elephant Talk. Doch nach dem Börsengang wurden die Anteile in Form von Dividenden an die Aktionäre weitergegeben. Heute verfügt The Hartcourt Companies über keine Beteiligung an ETLK mehr. Lediglich das Management hält, wie jeder Aktionäre, ein paar Aktien durch die Dividendenausschüttung.

Diese Firma gehörte Hartcourt zu 51%, ist aber heute nur noch Geschichte.
Wir werde in ein paar Monaten, wenn wir unsere verkaufen können, deutlich bessere Kurse sehen. Für uns ist das ganze wirtschaftlich, aber für Hartcourt hätte es sich nicht gelohnt. Das neue Hauptgeschäftsfeld (HuaQIng Group) ist deutlich größer und wirft bereits Gewinn ab.

ANdi

[Rattlesnake]

jau, so ist es. hätte ich nicht besser beschreiben können. :-))

[Lloret]

results

Hartcourt Reports Substantial Improvements on Q1 Financial Results
LOS ANGELES, May 15 /PRNewswire-FirstCall/ -- The Hartcourt Companies,
Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today
reported financial results for the first quarter of 2003. Revenues for the
quarter were $5,722,349 as compared to $119,344 for the last quarter of 2002.
Hartcourt recorded a loss of $186,916 or $0.00 per share, as compared to a
loss of $768,523 during the same quarter of 2002.
The increase in revenue was due to the consolidation of one-month
operation of HuaQing, a recent acquisition. The cash position has improved
from $79,845 as of 31 December 2002 to $2,987,588 as of 31 March 2003. The
actual loss on ongoing operation was narrowed to only $30,383 (before
depreciation and impairment). The current ratio of assets over liabilities is
positive.
Mr. Richard Yan, Acting CFO of Hartcourt, comments," We look forward to
Q2; as we shall be able to consolidate all 3 months of HuaQing operation, as
well as additional revenue and income from NewHuaSun and GuoWei. There might
be some impact from SARS epidemic, but the positive trend will continue."
Since February 2003, Hartcourt has acquired controlling interest of
HuaQing, NewHuaSun and GuoWei, all top PC marketers and distributors in China
and dominant players in their own geographical areas. The combined revenue in
2002 of these subsidiaries was US$145 Million with a net profit of
US$2.5 Million. IDC expects the PC market in China to grow an average of
18-22% percent from now to 2006.
About Hartcourt
The Hartcourt Companies, Inc. is an investment holding and developing
company specializing in the acquisition and development of private companies
within high-growth industries in China. Hartcourt`s business strategy is to
add substantial value in terms of financial restructuring, strategic
consolidation and corporate governance to enable its subsidiaries to grow and
expand faster with the ultimate objective of mature divesture via public
markets. Detailed information on Hartcourt can be obtained via the company`s
Web site: www.hartcourt.com .
Forward-looking statements
The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains. The actual results of the
specific items described in this release, and the company`s operations
generally, may differ materially from what is projected in such forward-
looking statements. Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company`s
dependence on third parties, general market and economic conditions, technical
factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The company
disclaims any obligation to update information contained in any forward-

[Mr.Boombastic]

hi leute, hatte früher mal HRCT und habe auch ganz gut verdient damit. bin jetzt zufällig wieder auf HRCT gestossen. die letzten nachrichten waren ja sehr positiv. wie seht ihr die kurzfristige entwicklung? der kurs hat ja schon ganz gut angezogen. ist noch luft nach oben?? langfristig sicherlich!
grüße BOOM

[Boxster986]

Obwohl HRCT die letzten Wochen sehr stark gestiegen ist, denke ich ist diese Kursentwicklung erst der Anfang der Fahnenstange. Gründe hierfür liegen auf der Hand. Gewinnbringende Neu-Akquisitionen, die heutigen Zahlen und natürlich die Zukunft, für die man jetzt bestens gerüstet ist. Durch die Entwicklung der letzten Wochen wird HRCT immer mehr in den Vordergrund der Investoren rücken. Ich halte an meinem Kursziel von 1$ für diese Woche fest...

[new_investor]

@Mr.Boombastic

Kursziel 2,50$ ende 2003 oder früher ( =ca.330% Potenzial )

Schau mer mal

[Mr.Boombastic]

o.k., bin auch wieder dabei! 3000 stk. zu 0,67e. hoffe auf eine wiederholung. damals hab ich 2000% gemacht
gebe mich aber auch mit kursen von 1 euro zufrieden
allen viel glück!!!!
BOOM

[Rattlesnake]

Mr.Boombastic

diesen euro könntest du schon sehr bald sehen (mein tip: ende mai). aber irgendetwas sagt mir, dass du dann nicht verkaufen wirst, im gegenteil...

Rattlesnake

[Mr.Boombastic]

Rattlesnake: schau mer mal.......
könntest schon recht haben. hab mir aber fest vorgenommen nicht zu gierig zu sein! mal gespannt was in amiland heute so geht! BOOM

[Mr.Boombastic]

aktuell 65.000 stk. zu 0,69e auf der Geldseite in FRA. das sieht gut aus

[Mr.Boombastic]

jetzt 75.000 stk. !!!

[Mr.Boombastic]

WOW, 31199 Stk. zu 0,70. Wahnsinn

[sizilianer]

tja boom, jetzt geht`s langsam los.
kannst ruhig gierig sein. meine bekommt vor 8 € niemand.
die warterei scheint sich zu lohnen. vor allem was noch in der pipeline von hrct steckt, gibt zu kühnsten hoffungen anlass. zudem sind die I/03-zahlen aus meiner sicht viel besser als erwartet.

[Mr.Boombastic]

jetzt sind 39k in FRA über den Tresen gegangen. das geht mir fast zu schnell

[Mr.Boombastic]

nachtrag zu 49: zu 0,72 e !!!

[new_investor]

Bei den Ami´s 0,84 im Bid

Heute 1$ ??

Schau mer mal

[Mr.Boombastic]

@ new_investor: von welcher seite holst du dir die vorbörslichen kurse aus usa?? Danke BOOM

[Boxster986]

Hi new_investor,

kannst Du mir sagen, auf welcher Seite Du vorbörsliche Kurse aus Amerika bekommst????

Wenn in USA jetzt schon das Bid auf 0,84$ steht, dann wird es heute noch ein Kursfeuerwerk geben und wir werden vielleicht bei 0,90$ oder mehr schließen...

BOXSTER

[Mr.Boombastic]

ist ja echt der wahnsinn. in fra wird alles weggekauft was geht. als ob es morgen keine aktien mehr gibt.....
man bin ich happy

[Schinderluder]

Ich schon auch. Sowas habe ich lange nicht erlebt.

[rumbanuss]

http://www.gonow.com/investor_services.html


Hurry up !!!!!!!!!!!!!!!

[Mr.Boombastic]

jetzt ist wohl vorerst die luft raus! reicht ja aber auch fürs erste, oder

[2002buyer]

Eine kleine Pause. Ich denke sie werden noch zwei mal deutlich anziehen; gegen 19.00 und 20.30 Uhr.

Andi

[Rattlesnake]

wieso denn das. ist das ein langzeitbeobachtung? oder hast du in die kristallkugel geschaut?

Rattlesnake

[Lloret]

Unglaublich aber wahr -- US$1 ist geknackt um genau 11:35:16 Uhr (US zeit) bei 2000 Stücke.

Kann man die Zahlen auch für Lotto/Toto benutzen??
1, 5, 11, 15, 16, 35 (zeit + datum + 1 $)

na wer probiert??

Lloret

apropos high US$1.02

[new_investor]

Mein Kursziel wird bald erreicht nur noch 150%

Nachbörslich 1,06 auf der Bidseite

@Mr.Boombastic Vor-und Nachbörsliche Kurse gibts bei
http://www.wallstreetcity.com
musst dich allerdings registrieren.


Last: 1.040
High: 1.070
Low: 0.810
Open: 0.890
Change: +0.28
Volume: 6,286,300


Bid: 1,05
Ask: 1.10
Bid/Ask Size: 500 / 500


52 Wk High: 0.790
52 Wk Low: 0.046
%Change: 36.8%

Nachbörslich:

16:10:55 1.060 1000 OTCBB
16:02:31 1.040 500 OTCBB at Bid
16:02:16 1.040 8300 OTCBB at Bid
16:01:52 1.040 400 OTCBB at Bid
16:01:42 1.040 500 OTCBB at Bid
16:01:07 1.040 3900 OTCBB
16:00:35 1.040 500 OTCBB
16:00:15 1.040 1500 OTCBB
16:00:05 1.045 3000 OTCBB

[2002buyer]

new_investor

Die Bid und Ask bei Wallstreetcity stimmen nicht überein. Das sind die letzten, die gemacht wurden, aber man darf es nicht falsch bewerten.
Richtige Bid und Ask bekommst du bei:
www.scottrader.com

Die sind realistischer. Derzeit ist Bid und Ask gleich bei US$1.05.

Andi

[ciubuc]

2002 buyer

Auf Nasdaq.com ist bid / ask Kurs auch 1,05

Gruß Ciubuc

[new_investor]

HARTCOURT COMPANIES INC (HRCT.OB)
Quarterly Report (SEC form 10QSB)
MANAGEMENT`S DISCUSSION AND ANALYSIS
MARCH 31, 2003 (UNAUDITED)

Part I

Item 2 Management`s Discussion and Analysis or Plan of Operation

General

The following is a summary of certain information contained in this report and is qualified in its entirety by the detailed information and financial statements that appear elsewhere herein. Except for the historical information contained herein, the matters set forth in this report include forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties are detailed throughout the report and will be further discussed from time to time in Hartcourt`s periodic reports filed with the commission. The forward-looking statements included in the report speak only as of the date hereof.

Plan of Operation

The Hartcourt Companies, Inc. is a holding and development enterprise that is building a broad network of IT products` marketing and distribution, 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 establish market-leading position and facilitate a series of venture divestitures via IPO or public mergers in its five main business divisions to fully realize the value of these assets for its investors. The five business divisions are IT Products Marketing and Distribution Group, Sinobull Financial Group, Media Services Group, E-learning Group and Hartcourt Capital Group.

Hartcourt, through a combination of expertly managed internal expansion and accretive strategic acquisitions, is executing plans to provide a sustainable, growing, diversified and profitable revenue base throughout its operations. The company is aggressively identifying and pursuing the best business opportunities available. Through a continued refinement of operational efficiencies, and increasing revenue margins, the Company is providing a clear path to profitability for its current and future businesses."

Results of Operations

Since mid-1999, Hartcourt has been focusing on assembling a collection of companies and services that will provide citizens of China with next generation communication services, including China-focused Internet access and financial portals, online share trading services, data broadcasting, and financial services. The Company signed underwriting agreements for the initial public offerings of shares of its two most developed investments, both of which were planned in the year 2001. On January 4, 2002, pursuant to an Agreement of Merger and Plan of Reorganization, Hartcourt`s subsidiary Elephant Talk Limited merged



F-31
THE HARTCOURT COMPANIES, INC. AND SUBSIDIARIES
MANAGEMENT`S DISCUSSION AND ANALYSIS
MARCH 31, 2003 (UNAUDITED)

with Staruni Corporation, a California corporation, organized under the laws of California and listed on the over the counter on bulletin board of NASDAQ exchange. Hartcourt plans to eventually build all of its current operations into stand-alone entities that will also be taken public on US and/or Asian Financial markets. During 2003, Hartcourt continued its previously implemented plan to acquire profitable companies that were in established industries with a history of growth. In February 2003, Hartcourt successfully acquired HuaQing, a profitable and growing IT service related company. In April 2003, Hartcourt signed definite agreements to acquire NewHuaSun Group, another PC distributor, to further consolidate the marketing position and improve the operating result of the whole Company. When appropriate, Hartcourt will seek ways to make these entities be public to give shareholders high returns.
The operations of Hartcourt for the three months ended March 31, 2003 consisted of the operations of FTL (58.53% ownership interest), Hartcourt Companies Limited (formerly known as Sinobull.com Inc.) (100% ownership interest) which holds 85% ownership interest in StreamingAsia Limited and Syndicate Asia Limited, Ai-Asia Limited (100% ownership interest), HuaQing Corporate Development Co., Ltd. (45% ownership interest), Hartcourt Capital Inc. (100% ownership interest), and Hartcourt`s investment and advances to other entities in US, China and Hong Kong. Operations for the three months ended March 31, 2003 consisted of operations of FTL (58.53% ownership interest), Sinobull.com Inc. (100% ownership interest), Elephant Talk Communications, Inc. (51.7% ownership interest), StreamingAsia Holdings Limited (85% ownership interest), HCTV (66.7% ownership interest), and Hartcourt`s investment and advances to Hartcourt Capital Limited for acquisitions in China and Hong Kong.

Net sales and cost of sales: The Company recorded net sales of $5,722,349 for the three months ended March 31, 2003, compared to $3,547,599 for the same periods in 2002. Net sales during the three months ended March 31, 2003 primarily consisted of revenues derived from sales of IT products to customers, providing services to help customers build their own PCs with components, technology and after sales support. Net sales also include sale of rental of equipment, and the related Internet and telephone services provided by FTL; and real-time financial data services provided by Sinobull Financial Information using a satellite network to transmit data specializes in stock quotes, futures, indexes and commodities to its customers in China. Net sales for the three months ended March 31, 2002 primarily consisted of revenues derived from providing telecommunication services relating to voice, data transmission like IDD, pre-paid calling cards and ISP services to a wide range of customers including major telecommunication companies in US and Hong Kong. Net sales also include sale of wireless pagers, rental of equipment, and the related Internet and telephone services provided by FTL; real-time financial data services provided by Sinobull Financial Information using a satellite network to transmit data specializes in stock quotes, futures, indexes and commodities to its customers in China; and StreamingAsia providing web hosting and software development services in audio and video delivery or streaming solutions. The increase of sales was mainly attributed due to the sales of HuaQing, acquired in February 2003, although the accompanied financial statements only include one month`s operating result of HuaQing. Cost of sales amounted to $5,330,865 for the three months ended March 31, 2003 compared to $3,022,964 for the same period



F-32
THE HARTCOURT COMPANIES, INC. AND SUBSIDIARIES
MANAGEMENT`S DISCUSSION AND ANALYSIS
MARCH 31, 2003 (UNAUDITED)

in 2002. Cost of sales for the three months ended March 31, 2003 primarily included the costs of IT products sold to customers provided by HuaQing; cost of transmission and Internet services provided to FTL customers; and costs incurred in providing financial data services in stock quotes, futures and commodities by Sinobull. Cost of sales for the three months ended March 31, 2002 primarily included the costs in providing resale arrangements with long distance providers, cost of leasing transmission facilities, international gateway switches voice, data transmission and ISP services offered by Elephant Talk; cost of wireless pagers, cost of transmission and Internet services provided to FTL and FWL customers; costs incurred in providing financial data services in stock quotes, futures and commodities by Sinobull; and costs incurred in providing audio and video delivery and streaming solutions by StreamingAsia. The drop in operational margin was mainly contributed to the lower margin in distribution sector when compared to the margin of telecommunication sector.
Selling, general and administrative expenses (SG&A): SG&A were $421,867 for the three months ended March 31, 2003 compared to $1,079,593 for the same period in 2002. Apart from reduction in consulting, legal and administrative costs, the significant decrease was primarily attributed due to lower expenses ratio of IT distribution sector, compared to its higher sales amount.

Depreciation and amortization:. The depreciation and amortization were $37,628 for the three months ended March 31, 2003 compared to $362,307 for the same period in 2002. The significant decrease resulted mainly due to the lower equipment requirements in distribution sector in 2003 compared with the higher equipment requirements in telecommunication sector in 2002.

Liquidity and Capital Resources:

Hartcourt`s principal capital requirements during the year 2003 are to fund the acquisitions of growth oriented IT related operating companies in China and Asia. During the three months ended March 31, 2003, Hartcourt raised necessary funds to carry out its plans of acquisitions by selling its own common shares to selected investors and bringing in business partners whose contributions included the necessary cash.

As shown in the accompanying financial statements, Hartcourt incurred a net loss of $186,916 for the three months ended March 31, 2003 as compared to a net loss of $768,523 for the same period in 2002, although Hartcourt`s current assets exceeded its current liabilities by $586,836 at March 31, 2003. This factor and the need to raise additional funds to accomplish its objectives, create a doubt about Hartcourt`s ability to continue as a going concern.

Hartcourt has taken certain restructuring steps, which in the management`s opinion will provide the necessary capital to continue its operations. These steps included: 1) the settlement of certain matters of litigation and disputes. The Company plans to actively seek funding sources once Hartcourt is able to discontinue and dispose-off all non-profitable assets by selling or spinning-off or restructuring to minimize loss or liability.

Operating activities: During the three months ended March 31, 2003, net cash used by operating activities increased to $1,146,411 compared to $321,323 during


F-33
THE HARTCOURT COMPANIES, INC. AND SUBSIDIARIES
MANAGEMENT`S DISCUSSION AND ANALYSIS
MARCH 31, 2003 (UNAUDITED)

the same period in 2002. The cash outflow in operating activities resulted primarily due to the increase of accounts receivable of $2,172,162, netting of the increase of accrued expenses and other current liabilities of $1,125,097 after acquisition of HuaQing, due to the net loss during the period of $186,916, and also due to the increase of inventory, decrease of accounts payable, etc.
Investing activities. Net cash provided by investing activities during the three months ended March 31, 2003, was $2,618,356 compared to $71,491 for the same period in 2002. Cash provided during the three months ended March 31, 2003 was primarily due to proceeds received on return of investment from HCTV of $10,000 and the cash acquired resulted from the acquisition of HuaQing of $2,608,356.

Financing activities. Net cash provided by financing activities during the three months ended March 31, 2003 was $1,435,798 compared to $139,689 during the same period in 2002. Net cash was provided primarily due to proceeds from increase of bank loans and notes payable amounted to $604,741 and 622,883 respectively.

As a result of the above activities, the company experienced a net increase in cash of $2,987,588 for the three months ended March 31, 2003. In spite of the positive cashflow results, the ability of Hartcourt to continue as a going concern is still dependent on its success in obtaining additional financing and fulfilling its plan of restructuring.

[ehrenwort]

Nur mal so zwischendurch... seht Euch mal den Kursverlauf eines anderen "China-Rohrkrepierers" an... FORLINK (WKN 928317).

Ähnlich wie bei Hartcourt erwacht der Kurs in den letzten Tagen zu neuem Leben... +180% gestern in den USA!!!

Da ist was im Busch!

Darauf gebe ich Euch mein

EHRENWORT

[new_investor]

Aus irdeneinem unerklärlichen Grund habe ich ein Teilausführung in Frankfurt von 144 HRCT Anteile zu 0,89€ bekommen obwohl ich ein Limit von 0,92 gesetzt hatte !staun!
irgendjemand hat sein verkaufsorder unlimitiert reingestellt oder sowas.

Naja mir solls recht sein

Kursziel 2,50$ bis ende 2003 oder früher (viel früher)!

Schau mer mal

[Schinderluder]

Unglaublich! Da bin ich mal gespannt, wann eine Verschnaufpause eingelegt wird. Lange nicht mehr so etwas gesehen. Das wird der HIT für dieses Jahr!

[flipflop]

So, ich glaube das war es dann aber erstmal. Ich denke wir werden die ersten Gewinnmitnahmen sehen und nochmal unter den Dollar fallen, bis dann der nächste Anstieg folgt. Langfristig glaube ich brauchen wir uns alle keine allzu großen Sorgen machen, auch wenn Kursziele von 6-8 Euro, wie hier manchmal zu lesen, doch fern jeglicher Realität sind. Die Inselträumer hatten wir alle schon mal, auch wenn sich HRCT natürlich ganz schön gemausert hat. Allerdings waren auch damals alle überzeugt ...

Eine gute und solide Basis für weiteres Wachstum ist gelegt. Mein Gesamtdepot ist damit wieder im Plus und so soll es weitergehen. In diesem Sinne GO HRCT !!

Gruß
ff

[ehrenwort]

Liebe HRCT Freunde!

Bitte bleibt mal auf dem Teppich! Die Börsenkapitalisierung beträgt nun stolze 100 Mio USD. Das ist nicht von Pappe. Wie wäre ein höherer Wert gerechtfertigt?

Von Gewinnmitnahmen ist noch keiner Arm geworden...

Darauf gebe ich Euch mein

EHRENWORT

[Lloret]

mmmm, mir wird einiges immer klarer.

Q. Could you tell if HuaQing could profit of IBM and Kangrun partnership?
A. In our plan to expand HuaQing operation nationwide, we analyze all possible scenarios and synergies. It is still under internal discussion.


Q. Will Hartcourt Capital associate itself with a particular bank or financial institution in China or the US? Or will they go it alone?
A. Hartcourt Capital has been working with a number of banks, hedge funds, venture capitalists in the US, Europe and China to obtain funding for clients. In addition, we have held discussion with some financial institutions for strategic partnership and investment. We shall inform you once the agreement is in place.

also, Gewinnmitnahmen können sein, aber 1 neues announcement und HRCT läuft schnell 30-50%. Und wenn man dann nicht dabei ist -- tja das ist immer eine sehr persönliche Entscheidung

Lloret

[Lloret]

news & alerts




--------------------------------------------------------------------------------

ETLK (OTCBB) ELEPHANT TALK COMMUNICATIONS INC.
HRCT (OTCBB) THE HARTCOURT COMPANIES, INC.
HRCTE HARTCOURT COMPANIES, INC. (THE)

--------------------------------------------------------------------------------
ElephantTalk Commences Operations with Major Taiwan Telecom, NCIC
Company Continues Expansion into Greater China Telecommunications Sector

FRIDAY , MAY 16, 2003 07:00 AM

HONG KONG, May 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- Elephant Talk
Communications, Inc. (OTC Bulletin Board: ETLK), www.elephanttalk.com , today
announced that traffic has commenced between ElephantTalk and Taiwan`s telecom
conglomerate New Century InfoComm Tech Co., Ltd. (NCIC) www.sparq.com.tw . The
reciprocal carriers` agreement was signed earlier this year to utilize each
company`s networks for bilateral telecommunications traffic. ElephantTalk is a
former majority owned subsidiary of The Hartcourt Companies, Inc. (OTC Bulletin
Board: HRCT).



Mr. Russelle K.P. Choi, President and CEO of ElephantTalk, commented:
"ElephantTalk is excited about the potential in our relationship with NCIC, one
of Taiwan`s emerging telecom giants. NCIC has a solid telecommunications
infrastructure, a comprehensive network of operation centers and an extensive
variety of telecom services. Interconnecting with NCIC`s international voice
networks further strengthen our reach into Greater China`s telecom markets.
ElephantTalk and NCIC`s networks are complementary with no operational overlap,
increasing service efficiency and operating margins."



NCIC was established in 2002 as a result of Taiwan`s liberalization of its
telecom markets. NCIC was created to integrate various telecommunications
services, fulfill the growing needs of Taiwan`s telecom customers, and
facilitate high technology standards in the industry. Several leading
international corporations in the telecommunications sector established NCIC,
d.b.a. Sparq. Two of these companies are Far-Eastern Group -- a conglomerate
with extensive experience in mobile services, and SingTel -- a Singapore-based
international fixed-line network operator with more than 100 years of experience
in the industry. NCIC`s wide range of telecommunications services to Taiwan
customers include; traditional local and IDD voice / VoIP services, calling
cards, toll free number services, web-hosting, co-location services, IPLC, Frame
Relay, Internet access, and VPN services. More information on NCIC can be
obtained at www.sparq.com.tw .



About ElephantTalk



Elephant Talk Communications, Inc. is a leading telecommunications company
established in 1994. Located and operated in Hong Kong with offices in
California, Hong Kong and Singapore, the company owns switching facilities in
China, Hong Kong, US and Singapore. ElephantTalk operates international long
distance services on both sides of the Pacific to over 220 foreign destinations.
They enable telecommunications carriers and other service providers the ability
to offer long distance voice, fax, data and VoIP services to their
end-customers, through an advanced and scaleable network. More information on
ElephantTalk can be found at www.elephanttalk.com .



The statements made in this press release, which are not historical facts,
contains forward-looking statements concerning potential developments affecting
the business, prospects, financial conditions and other aspects of the company
to which this release pertains. The actual results of the specific items
described in the release, and the company`s operations generally, may differ
materially from what is projected in such forward-looking statements. Although
such statements are based upon the best judgments of management of the company
as of the date of this release, significant deviations in magnitude, timing and
other factors may result from business risks and uncertainties including,
without limitation, the company`s dependence on third parties, general market
and economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward-looking statement.





For more information ... please contact

Elephant Talk Communications, Inc.
Roxana Yung
Tel: [phone]
Fax: [phone]
Email: [e-mail] or [e-mail]




SOURCE Elephant Talk Communications, Inc.




CONTACT: Roxana Yung of Elephant Talk Communications, Inc.,
(852) 2 707070 3, or Fax, (852) 2 707070 7, [e-mail] , or
[e-mail]

URL: http://www.sparq.com.tw
http://www.elephanttalk.com
http://www.prnewswire.com





.




-0-





KEYWORD: California
China
INDUSTRY KEYWORD: CPR
TLS
OTC
SUBJECT CODE: OTC




STOCK SYMBOLS: [(etlk)] [(hrct)]



.





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NYSE and AMEX data is delayed at least 20 minutes. All other market data is delayed by 15 minutes or more.

[new_investor]

Vorbörslich bid bei 1,09$

Schau mer mal


Last: 1.070
High: 0.000
Low: 0.000
Open:
Change: +0.03
Volume: 10,000


Bid: 1.090
Ask: 1.250
Bid/Ask Size: 500 / 500


52 Wk High: 1.070
52 Wk Low: 0.046
%Change: 2.8

[new_investor]

Last: 1.100
Close: 1.100
High: 0.000
Low: 0.000
Open:
Change: +0.06
Volume: 12,000


Bid: 1.100
Ask: 1.150
Bid/Ask Size: 500 / 500

[tlmtar]

Wo bekommt Ihr die Kurse her???

[Mr.Boombastic]

heute wirds wohl gewinnmitnahmen geben......
nächste woche gehts weiter!!!
B M

[samy3110]

@ all

hi zusammen,
ich bin heute erst auf hrtc aufmerksam geworden
sieht sehr gut aus, muss ich sagen. aber kann mir bitte jemand kurz sagen was zu diesen niedrigen preisen geführt hatte!?!? bitte um schnelle antwort

danke im voraus

[MeinHerr]

Heute werden Gewinne mitgenommen, dann wieder zu 0,8 bis 0,85 rein und kommende Woche gehts Richtung 1,2/1,4 E Schlußkurs nächsten Freitag.

[rumbanuss]

Hi, wenns heute so bleibt bin ich zufrieden.

[der_captain]

hallo ich überlege auch nächste woche in hartcourt einzusteigen, aber was macht diese firma eigentlich?

[2002buyer]

@der_captain

Schau am Besten auf der unten stehenden Seite nach. Da bekommst du deutsche Informationen und einen guten Überblick.
Außerdem findest du auf der Hartcourt Webseite (www.hartcourt.com) einen Newsletter und eine deutsche Präsentation von 2002.

Ich hoffe es hilft die weiter.

Andi

http://www.investorshub.com/boards/board.asp?board_id=1456

[der_captain]

@2002buyer

danke, hat mir weiter geholfen, ich werden nächste woche in die aktie mal mit einsteigen.

welches mittelfristige kursziel (2-3 monate) habt ihr bei hartcourt?

[mike31]

3,50 €

[2002buyer]

Shareholder Meeting

Am 26.07.2003 ist die größte Resonanz und daher werden wir den Termin für das 1. Shareholder Meeting, ohne dem Management, an diesem Tag festlegen.

Es wird für neue Investoren eine kleine Einführung geben.
Im Anschluß werden wir bei einem großzügigen Buffet über private Börsenerfahrungen sprechen.

Für das Buffet (eine 7m lange Tischreihe) werden
40 Euro / Person berechnet.
Hotels stehen in der Nähe zur Verfügung.

Bitte gebt uns schnellstmöglich Bescheid, damit wir alles weitere vorbereiten können.


Andi

P.S. Wir werden an diesem Tag einen Kurs von 2 Dollar feiern können;-)

[der_captain]

hallo

was iss heute bei hartcourt los, warum so ein dickes minus?

gibt es irgendwelche news?

[die_null]

Hartcourt werden wohl wieder unter die 0,20 zusammengeprügelt werden die nächsten Tage, kennt man ja zur Genüge ...
Eigentlich unbegründeten Anstiegen folgen immer unbegründete Abstürze, that`s Börse live

[Schinderluder]

Na meine sind jedenfalls weg! Schade eigentlich...Stop-loss Orders haben etwas endgültiges. Man wird getrennt und möchte es eigentlich nicht....schade

[Franz Beckenbauer]

@ Super-Null
Wenn man keine Ahnung hat...einfach mal die Fresse halten !!!

[Boxster986]

Schaut Euch doch heute mal andere Hightechs in USA an wie die geschlossen haben. Da ist es doch völlig normal, dass HRCT auch gesunken ist.

[der_captain]

das absacken bei hartcourt ist lediglich eine technische gegenbewegung auf den anstieg der letzten tage.

[die_null]

@ captain :

nix mit techn. Gegenbewegung, das nennt man "mit dem Markt schwimmen".
Wenn der Markt heute positiv gewesen wäre, hattest Du bei Hartc. u. anderen lange auf Deine "techn. Gegenreaktion" warten können. Man legt`s halt immer so aus, wie man`s braucht ... deshalb ist Börse auch niemals nicht berechenbar (weder von sog. Profis oder blutigen Anfängern)u. das ist gut so !!!

[McCorry]

@die_größte_null

sag mal du hast ja von nichts eine ahnung.
unbegründeten anstiegen??
-> was für ein schwachsinn. entweder bist du total bescheuert oder du hast keine ahnung von hrct.
dein kommentar weckt in mir die lust dir ein paar "unbegründete blaue Augen zu hauen"!!

thats Börse live??
-> wo hast du den scheiss spruch her? gabs den bei der sesamstraße?

McCorry
HRCT -the number one-

[samy3110]

@ all

bruhigt euch alle wieder und lasst die_grösste_null in ruhe! er ist schon mit seinem nick name bestraft genug
er will doch nur unsicherheit unter uns schaffen. wir werden ja sehen wo hrtc in paar monaten oder jahren steht. wenn wir es schaffen ein zwei jahre durchzuhalten, bin ich sicher dass wir seht gutes geld machen werden

samy

[kyron7htx]

Mit welchem Kommentar sollte man User Null beachten bei dieser unsinnigen geistlosen Betrachtungsweise eines zukünftigen Turnaround und Highfligher-Kandidaten wie Hartcourt. Mit Null-Kommentar natürlich.
Hartcourt muß natürlich wie alle anderen Werte bei solchen enormen Anstiegen auch mal konsolidieren. Mann nennt das auch Gewinnmitnahmen oder zittrige Hände.
Gelegenheiten zum Nachkauf würde ich sagen. Vielleicht das letzte Mal unter einem Dollar?!

[Mr.Boombastic]

wenn der markt einigermassen mitspielt, stehen wir heute abend wieder locker über 0,80 euro !!!! bin sehr zuversichtlich. und dann hört man auch nichts mehr von der NULL

[Franz Beckenbauer]

Mal abwarten An der OTC haben die MM´s schon eine gewisse "Macht"

[Goldwasser]

Hallo Franz !
Schau doch mal in dein Postfach.: Gruss <Goldwasser>

[der_captain]

am freitag steht hartcourt bei über einem euro!

[Bernardo]

Bei PCCW und China Online dachten wir damals auch, dass es nur noch eine Richtung gibt. Gewinne mitnehmen und Nichts idealisieren!

[die_null]

Köstliche Kommentare von Möchtegern-Gurus

Nix aus den letzten 3 Jahren hinzugelernt

[huubstevens]

@ die_null

Wenn ich eines hasse, das ist wenn irgendwelche möchtegernbörsianer hier ihren müll verzapfen.
Was ich überhaupt nicht verstehe, wieso befindest du dich überhaupt hier in diesem Board.
Wenn du HRCT Scheiße findest dann schreibe doch in den Boards, von denen du welche besitzt.
Bin seit 4 Jahren dabei und bleibe auch dabei, weil die Story von HRCT einfach genial ist.
mfg
huub

[der_captain]

schönes intraday-reversal heute bei hartcourt, leider hat es für ein plus nicht gereicht, aber nachdem jetzt drei handelstage rot waren, sind der ausverkauf und die gewinnmitnahmen vorbei.

jetzt geht`s dann wieder rauf.

das konzept von hartcourt stimmt und die aktie wird der nächste highflyer.

[huubstevens]

@ captain

Ist sowieso seltsam das der Kurs bei Verkäufen rapide bergab geht und bei Käufen kaum nach oben geht.
Heute waren doch wirklich mehr Käufe als Verkäufe.
Also kann der Kurs nur noch Richtung Norden gehen.

HRCT strong buy and so long

huub

[der_captain]

@huub

ja stimmt, aber das ist egal, auf sicht von 12monaten sind kurse von 3$ bis 4$ realistisch.
auch wenn einige jetzt wieder mein kursziel als utopisch bezeichnen, glaube ich fest an hartcourt.
die aktie ist nach langem "am grund schnorcheln" wieder aufgetaucht und steigt und steigt.
es wäre naiv zu glauben die aktie würde immer steigen und steigen und nie konsolidieren.
jetzt wird kraft erst mal gesammelt für einen nachhaltigen anstieg über 1$.

hartcourt strong buy!

jetzt zugreifen

[huubstevens]

@ captain

Genau und das habe ich heute getan. Heute wieder zugekauft.
Wer so lange dabei ist, der glaubt an HRCT.
Unter 5€ gebe ich keine her, und wenn ich noch zwei bis drei Jahre warte.

HRCT strong buy

mfg
huub

[der_captain]

ich bin von hartcourt überzeugt und das geschäftsmodell ist auch gut.
da ist noch großes potential vorhanden, wenn erst mal alles richtig läuft.

schätze, dass morgen die kurse wieder nach oben ziehen werden.

[KATZENHASSER]

Schätz ich nicht!!!!

[die_null]

Schätz ich dito nicht, denke so an minus 5 bis 10 %

[new_investor]

NEWS>>>>>NEWS>>>>>>NEWS>>>>
HRCT (OTCBB) THE HARTCOURT COMPANIES, INC.
HRCTE HARTCOURT COMPANIES, INC. (THE)

-
Sinobull Information, a Hartcourt Subsidiary, Merges With Genius Technology Inc.

WEDNESDAY, MAY 21, 2003 02:50 AM

LOS ANGELES, May 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt
Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com
, today announced that one of its subsidiaries, Sinobull Information Ltd, has
signed a definitive merger agreement with Genius Technology Inc, a subsidiary of
First Shanghai Group. After the merger, Sinobull shareholders will own
approximately 17 percent of the combined entity. The objective of the merger is
to create a first-tier financial information provider in China for domestic as
well as international investors. Considered as the two best operations in this
sector, the merged Sinobull and GTI will naturally become the leader in its
field, offering a wide range of financial data and resources from Equis
Metastock (a Reuters software product) to CSRC Securities and Futures Index
(China`s official index).



By merging assets, revenue and resources, the two companies will maintain a
sizable market share of the fast-growing financial information sector; making an
IPO and access to capital markets more feasible in the near future. Details on
Genius could be found via Web site, www.chinaef.com ; on First Shanghai Group,
www.firstshanghai.com.hk ; and on Sinobull, www.sinobull.biz .



Mr. David Chen, President and CEO of Hartcourt, comments, "We would like to
concentrate our resources on the coming acquisitions of other PC companies to
increase our revenue and profit further. The unique platform provided by
HuaQing, NewHuaSun and GuoWei will allow us to move faster on new acquisitions.
As such, we believe that it`s better for Sinobull to merge with a much bigger
company whose focus is in the financial information industry. The combined
entity will be able to compete with the best global players who are coming to
China starting 2005 as planned in the WTO implementation. We look forward to a
successful GTI-Sinobull IPO so we would be able to declare another dividend to
our shareholders, as we had done with Elephant Talk last year."



Recently, Hartcourt has acquired 3 PC marketers, HuaQing, NewHuaSun and GuoWei,
that recorded sales of $145 Million and net profit of $2.5 Million in 2002.



About Genius Technology Inc



Genius is the first specialized securities information provider in China.
Uniquely positioned in the industry, it is capable of providing financial
information of companies listed in the Shanghai and Shenzhen stock exchanges. In
addition, Genius` main product, the CSRC Securities and Futures Publications
Index System was patronized by the Chinese Securities Regulatory Commission
("CSRC") and is exclusively developed by Genius for the CSRC. This system has a
huge databank containing all publications concerning the securities and futures
industry in China. Another key product, the Integrated Securities Information
System, provides comprehensive information on all major enterprises and
institutions in China including listed companies. SecureStockTrade is also an
effective online trading product that allows real time stock trading and
analysis. Analysis, trading and settlement can thus be performed inclusively.
All information content is provided in a multi-media format such as in written
words, pictures and voices carried online or through point-to-point terminals.
Target customers include listed companies, securities companies, market
watchdogs, corporate and individual investors, research houses as well as the
news media. www.chinaef.com



About Hartcourt



The Hartcourt Companies, Inc. is an investment holding and developing company
specializing in the acquisition and development of private companies within
high-growth industries in China. Hartcourt`s business strategy is to add
substantial value in terms of financial restructuring and corporate governance
to enable these subsidiaries goes public via IPO or reverse merger. Detailed
information on Hartcourt can be obtained via the company`s Web site:
www.hartcourt.com .



Forward-looking statements



The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of the
company to which this release pertains. The actual results of the specific items
described in this release, and the company`s operations generally, may differ
materially from what is projected in such forward- looking statements. Although
such statements are based upon the best judgments of management of the company
as of the date of this release, significant deviations in magnitude, timing and
other factors may result from business risks and uncertainties including,
without limitation, the company`s dependence on third parties, general market
and economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward- looking statement.



SOURCE The Hartcourt Companies, Inc.




CONTACT: Mr. Raymond Liu of The Hartcourt Companies, Inc., [phone]
0673, ext. 204, or fax, [phone], [e-mail]

URL: http://www.chinaef.com
http://www.sinobull.biz
http://www.firstshanghai.com.hk
http://www.chinaef.com
http://www.hartcourt.com
http://www.prnewswire.com





.




-0-





KEYWORD: California
China
INDUSTRY KEYWORD: OTC
FIN
SUBJECT CODE: TNM
OTC




STOCK SYMBOLS: [(hrct)]



.





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Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither the GoNow Financial Network, nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the GoNow.com Web site, a user agrees not to redistribute the information found therein. GoNow.com is not a registered broker-dealer and does not endorse or recommend any securities listed herein or any services of any brokerage company.
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[Geldrausch]

Hm, also was mich jetzt beschäftigt, mal abgesehen von der wirklichen Stellung der Firma (ertragstechnisch).

Es ist doch wie damals, oder? (War im ürigen schon damals dabei )

Wer zum Dümpelkurs eingekauft hat, der hat bei 1 Euro seine Kohle schon wieder ver20facht (!!!) Im übrigen die gleiche Quote wie "damals"!

Ich warne nur vor dem optisch günstigen Preis! Für 20-30 cent wäre ich vielleicht dabei, nur hat die Firma dermassen negative Erinnerungen für mich parat, ich glaube ich warte bis Sie aus dem otc-Segment wieder raus sind (wenn das denn mal wieder klappen sollte)


Ich gebe allerdings zu, mich fundamental nicht mit der neuen Situation auseinandergesetzt zu haben. (Mir ist nur aufgefallen,dass der Anstieg nahezu identisch war --auch im Zeitraum--)


Grüsse und viel Glück
Geldrausch

[ehrenwort]

@ Goldrausch:

Ich kann Deine Aussage nur unterschreiben...wie vor 3 Jahren... gut, damals war alles erstmal Phantasie. Das hat sich jetzt konkretisiert. Aber 80 Mio USD ist Hartcourt nicht wert. Das wird wieder schell in einen vernünftigen Bereich von 30-40 Mio USD absacken... Ihr werdet schon sehen.

EHRENWORT

[new_investor]

@Geldrausch

Damals war dei Phantasie für den Kursanstieg verantwortlich.

Heute: Fakten Fakten Fakten

Kursziel 2,50$ ende 2003 oder früher

Schau mer mal

[ehrenwort]

@ new_investor:

Ich bekomme das dumpfe Gefühl, dass hier ziemlich gepusht werde soll. Warum sonst erscheint folgender Satz in der letzten PR:

"Recently, Hartcourt has acquired 3 PC marketers, HuaQing, NewHuaSun and GuoWei, that recorded sales of $145 Million and net profit of $2.5 Million in 2002."

Das hat doch mit Sinobull 0,nix zu tun, oder?

Liebe Hartcourt Aktionäre: Augen auf beim Eierkauf...

EHRENWORT

[new_investor]

Unsere Dividende vom letzten Jahr!


ElephantTalk Signs Agreement With PLDT, Philippines Largest Telecom Operator

ElephantTalk Continues Expansion in Asia Pacific Region

Wednesday, May 21, 2003 07:01 ET

HONG KONG, May 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- Elephant Talk Communications, Inc. (OTC Bulletin Board: ETLK) www.elephanttalk.com, announces today the signing of a bilateral carrier`s agreement with PLDT HK Limited www.pldthk.com, a subsidiary of PLDT Global. ElephantTalk estimates this agreement will initially generate additional annual revenues of approximately $2.5 million. ElephantTalk is a former majority owned subsidiary of the Hartcourt Companies, Inc.

PLDT Global is a 100% owned subsidiary of the Philippines largest telecom operator, Philippine Long Distance Telephone Company, PLDT, (NYSE: PHI; PSE: TEL) www.pldt.com.ph. PLDT is the Philippines` principal supplier of domestic and international telecommunications services with a wide network of office exchanges in Metro Manila and 188 other cities and municipalities throughout the Philippines. International long distance services are provided via PLDT`s two international gateway switching exchanges, submarine cables and satellite systems worldwide. It also operates Philippines` only nation-wide digital microwave backbone. Other services that PLDT provides include: digital leased lines for domestic and international communication, high-speed data transmission, high performance packet switching service, and private networking. PLDT Global has offices in U.S.A., U.K., Singapore and Hong Kong which is a major Asia Pacific hub.

Mr. Russelle K.P. Choi, President and CEO of ElephantTalk commented, "We are pleased to enter into this agreement with PLDT HK Limited linking into one of PLDT Global`s major hub locations. Interconnecting with PLDT HK Limited further expands our rapidly growing service area and strengthens our network availability throughout the region. ElephantTalk is now in an even better position to provide more efficient and cost effective telecommunication services between the Asia Pacific and Greater China. This is a major step forward in our business expansion and we continue to pursue a number of additional opportunities in this rapidly developing region."

Mr. Anthony Balinger, General Manager of PLDT HK Limited added, "PLDT Hong Kong Limited is always looking for good partners to perfect our development plans in the Asian Pacific and Greater China areas. Working with ElephantTalk is a definite step forward. This cooperation also benefits our carrier customers with more savings on costs to a wide range of countries and international areas."

About ElephantTalk

Elephant Talk Communications, Inc. is a leading telecommunications company established in 1994. Located and operated in Hong Kong with offices in California, Hong Kong and Singapore, the company owns switching facilities in China, Hong Kong, US, and Singapore. ElephantTalk operates international long distance, voice, fax, data and VoIP services on both sides of the Pacific to over 220 foreign destinations through an advanced and scaleable network. More information on ElephantTalk can be found at www.elephanttalk.com.

[Mr.Boombastic]

hört sich gut an

[haegar123]

da wird aber kräftig eingesammelt heute

[kyron7htx]

#115


Da wir aber kräftig verkauft heite

[Schinderluder]

Ihr wollt alle raus und ich will da wieder rein! Meint Ihr, daß die 0,43 zu hoch angesetzt sind?

Bitte um ehrliche Antworten! Ich glaube, da wird gezockt, was das Zeug hält! Die kommt ganz sicher nochmals!

[Schinderluder]

Ich bin wieder an Bord! Das ging viel schneller als ich dachte! Und schon gehts los!

[new_investor]

***Shareholder Q&A with Hartcourt Management, May 2003***

Q. What are you going to do to keep PPS around a buck? So tired of news with increase in PPS then back down to basement. Some call HRCT a pump and dump, I think not.

R. In all correspondences, we kept emphasizing that the management could only focus on the execution of our business plan and strategy. We could not do anything regarding the share price. We believe that the market will reward the shareholders properly once we complete our objective: making Hartcourt a profitable company in 2003 and continue to expand aggressively in the same business in 2004. Since none of the management team has sold or bought any HRCT shares, we don`t see why we should pump or dump.

Q. When is next China Report magazine due out? Will SARS affect PPS in short term?

R. Due to the late submittal of some advertising layouts, we must delay the magazine until next week. As for SARS, its impact on Chinese economy is projected to reduce about 1 percent of its GDP growth rate. We expect to see about 7.2 percent of growth, instead of 8.3 percent. Again, we could not predict its effect on our share price.

Q. Who was behind these PC companies` acquisition deals? Dr. Phan or David Chen? Or both?

R. Dr. Phan is no longer involved in the daily management of Hartcourt. The credit belongs to the whole Hartcourt management team, from David Chen, Richard Yan to Raymond Liu and everyone else.

Q. Any new plan to add management positions? HRCT is now an $80 Million company, should we need more executives?

R. Yes, we are looking for more independent Directors to increase corporate governance of the company. We also plan to add an experienced CFO to our team; as well as a few investment associates.

Q. Give us an overview of Hartcourt business plan in the next 24 months. What kind of projected revenue and profit? Growth rate? On what business model?

R. Our business plan for the next 2 years is simply expanding our core operations by making more acquisitions. We are quite ambitious in this plan; but it is counter-productive to announce the numbers publicly. As we have experienced in the past, any missed target would cause a much bigger backlash against the company.

Q. The latest news was GREAT. Are there more things in the near future that will make us all more warm and fuzzy? PR`s or a nice letter from Dr Phan?

R. Whenever we complete an acquisition or we spin-off an asset, we will announce the news. We learned not to raise shareholders` expectation.

Q. Would you say that the computer marketing business will be the only area Hartcourt will focus on in the next 3 to 5 years? If so, are there any plans to expand Hartcourt Capitals business during this period? Will they do outside jobs or just direct its attention solely on Hartcourt companies?

R. Hartcourt will focus solely on the business of IT product distribution, marketing and service. We find out that we do not have sufficient financial resources and managerial bandwidth to involve in other business models. We love the financial information and data business, with its potential and Sinobull`s unique market position. However, we think it`s better to merge it with a much bigger entity so it can grow properly. In the end, shareholders would benefit more from the dividends, as ETLK has proved, than for us to hold on to these assets. We expect to spin-off Hartcourt Capital, E-Education and other assets in the similar fashion.

Q. Which of the previous acquisitions are being sold off and how will their sale affect the bottom line, i.e. how much of the profits of the new acquisition were applied towards covering their losses?

R. It`s true that most of our recent losses came from ETLK and FTL operations. As they will be gone from Hartcourt financial statements after their respective spin off (FTL in Q3 of 2003), we shall realize fully the profit figures from new acquisitions (HuaQing, NewHuaSun, and GuoWei).

Q. As I looked through the First Shanghai web site I notice that their company is active in the exact same area as Hartcourt Capital. Will there be any future mergers with this company? Perhaps a partnership with Hartcourt itself? Is First Shanghai Group currently an owner of Hartcourt shares?

R. We have an excellent working relationship with First Shanghai and we are partners in Sinobull/GTI. Both of us are continually looking for potential partnership in variety of projects. It`s difficult to predict what the final results will be; except that we keep an open mind on all possibilities. We don`t know if First Shanghai owns any HRCT shares.

Q. About the Sinobull merger. "After the merger, Sinobull shareholders will own approximately 17 percent of the combined entity." Could you tell us the value (US$) of Sinobull Information after we should get 17%?

R. Before the merger, we have independent appraisal of both companies, GTI and Sinobull Info. The 17 percent was the result of comparative valuations based on revenue, profit, net assets, intangibles and cash position. It`s difficult to estimate the value of the merged entity before it goes public; but we hope that it shall be bigger than ETLK.

Q. Will Hartcourt Capital accomplish or assist in the Sinobull IPO?

R. We presume that First Shanghai would be the lead sponsor of any GTI-Sinobull IPO because of their credential in Hong Kong. Of course, Hartcourt would assist in any way possible to expedite the process.

Q. Hartcourt has said that they want to be a household name in China after this plan (acquisition of PC companies) is successful. Will this computer sales network ever be called Hartcourt computers? What name will it take?

R. Hartcourt is committed to become a major force in China`s IT and digital economy. Hartcourt will earn its name as the investment holding and corporate development company that link all the subsidiaries together and create this major force.

Q. Shanghai`s growth dropped down in the 1st quarter of 2003 around 50%. What does it mean for the growth of HuaQing, NewHuaSun and GuoWei?

R. I think you got the wrong figure. Shanghai recorded a GDP growth rate of 10.3 percent in the first quarter of 2003, amongst highest in China. Due to SARS, this rate might drop down to 7.2 percent in second quarter. If it is so, then the financial results of HuaQing and GuoWei shall also be affected. However, the Chinese growth figures are still much higher than most developed countries.

Q. HuaQing, NewHuaSun and GuoWei are operating in the richest provinces. Which other provinces are important to create a top Computer Marketing Company in China? Could you give geographic overview about this business?

R. According to the official statistics, the Eastern Seaboard of China is the most advanced region of the country. Guangdong, Shanghai and nearby provinces are among the top. We would like to have some network in the Beijing-Tianjin area; as well as Shenyang and Qingdao area. However, the Western provinces are catching up fast with the active assistance of the government. In short, China is such a big country that we are happy to grow wherever the opportunity arises.

Q. As this network of computer marketers grows, will Hartcourt entertain proposals for a complete buy out of the company? Or possibly a majority sold to a large partner?

R. The Board of Directors considers shareholders` interest the top issue. We keep an open mind on this subject; the long-term benefit to all shareholders will dictate our decision.

Q. What type of response has China Report magazine gotten? How many new subscribers? Will the distribution area be enlarged or are you waiting for more subscribers before going forth?

R. The response has been moderate. It was our first issue and there is still much room for improvement. As the magazine is distributed free during its first year: we don`t have any paid subscribers. We rely on advertising revenue for income. Fortunately, the ads are increasing better than projected; as you could see in the coming Issue No 2.

Q. What are your perceptions on GoNow`s performance up until now? It seems like we have gotten a lot of exposure since they came on.

R. As expressed in previous Q&A, there are many concurrent campaigns on PR-IR. They include China Report, active participation from existing shareholders, GoNow web site and our extensive marketing to institutional investors. We are happy that this combination of efforts has been fruitful.

Q. Have all the requirements to list on the BBX been made? What is the status? Application complete?

R. BBX would accept application starting July this year. We are planning to file early.

Q. Do you have any plans for a shareholder meeting yet, and a location?

R. Provisionally, we plan to hold the Annual Shareholders` meeting on August 22nd in San Francisco. However, we shall make it official in the Proxy to be sent to shareholders in June.

Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[samy3110]

interessanter dialog!
also ich hoffe das alle pläne gut umgesetzt werden können! wenn ja dann ist hrct ein investment für die zukunft und nicht nur ein kurzfristiges zockerpapier.in diesem sinne..... dabei bleiben und warten!

[prof19]

und - was meinen die HRCT-Bullen zu den jetzigen Schleuderpreisen ?

Augen auf im Straßenverkehr...

[prof19]

[new_investor]

Capital Research Group: Capital Research Group posts stock movers forTuesday, May 27, 2003

WESTON, Fla., May 27, 2003 (M2 PRESSWIRE via COMTEX) -- Capital Research Group announces Gateway Distributors Ltd. (OTCBB: GWDL) to its Stock Movers List. GWDL just announced a move that should allow the Company to use its resources more effectively! GWDL is executing! Watch this stock it could be a big gainer in the short term!

Oracle Corporation (Nasdaq: ORCL): Market Underperform, down 2% on 25 million shares,

Harley-Davidson Inc. (NYSE: HDI): Market Underperform, down 6% on 6 million shares,

Juniper Networks Inc. (Nasdaq: JNPR): Market Perform, down 1% on 5 million shares,

Harcourt Cos. Inc. (OTCBB: HRCT): Market Perform, down 18% on 4 million shares.

WHAT THESE RATINGS MEAN:

Capital Research Group ranks stocks from time to time utilizing both fundamental and technical analysis in comparison to the S&P 500 over the short term. These ratings reflect the opinion of Capital Research Group, Inc.

ABOUT Capital Research Group:

Capital Research Group, a leader in corporate communications and finance, provides all investors with a wide-ranging set of financial tools, including original stock market commentary, stock quotes, interactive charts, portfolio watch, live chat and message boards, etc., plus the latest news, press releases, investment opinions, and research reports for all companies highlighted on the site. For more daily commentary, go to www.thesubway.com/sub_comm.asp.

All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (crghas received seven thousand five hundred dollars for gwdl) CRG intends to sell its shares. CRG has sold approximately zero shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG`saffiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those sharesrise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

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(C)1994-2003 M2 COMMUNICATIONS LTD

-0-

[new_investor]

Was für ein rebound!

Nachbörslich gehts da richtig ab!

Schau mer mal

Last: 0.665
High: 0.655
Low: 0.460
Open: 0.490
Change: +0.12
Volume: 3,690,000


Bid: 0.660
Ask: 0.730
Bid/Ask Size: 2,500 / 2,500
%Change: 21.2%

52 Wk High: 1.120
52 Wk Low: 0.046

16:02:27 0.665 35500 OTCBB
16:01:42 0.660 3000 OTCBB
16:00:30 0.660 2500 OTCBB
16:00:14 0.655 2500 OTCBB
16:00:06 0.655 20000 OTCBB
15:59:56 0.655 500 OTCBB
15:59:51 0.655 8000 OTCBB
15:59:49 0.650 2000 OTCBB at Bid
15:58:28 0.650 10000 OTCBB at Bid
15:58:24 0.655 7000 OTCBB at Ask

[Schinderluder]

MORGEN IST HIER DER TEUFEL LOS!

[sizilianer]

@new_investor
wo findet man die nachbörslichen kurse bitte?

[new_investor]

Dear Shareholders:

Despite the uncertainty created by SEC action against the company today, we would like to assure you that Hartcourt will continue to execute its business strategy and we are confident that the 2003 results will record a sustainable profit from its ongoing operations. Nothing will change this fact.

The lawsuit is likely to last a few years; like other lawsuits we had experienced in our 10-year history. It will be new food for the feeding frenzy of our short sellers and their hired bashers. However, we are determined to overcome this adversity and we shall not quit for any reason. Persevere and focus is our strength; this is the time to close ranks against our opponents.

Please note that the lawsuit does not allege that anybody in Hartcourt management have misused your trust: we didn`t have an accounting problem; we didn`t have an insider trading problem; we didn`t mislead anybody for our personal benefit. The allegation involved some technical and procedural regulations involving the option contract we had executed for the UAC acquisition back in 1999. Our legal counsel had different interpretation of this contract, in dispute with the SEC viewpoint. The jury alone will decide which version is right.

We are sorry that we have again placed the company under difficulty. Please understand that all business must go through these challenges as the price of growth. The final result is what counts; and we promise to do our very best to prevail.

Thank you for your understanding and support.

[new_investor]

May 29th, 2003

Dear Shareholders:

Further to our letter yesterday, we have reviewed the SEC civil complaint and we are appalled at the inaccuracies and half-truths of the document. Since we are not allowed by our legal counsel to discuss the details of these allegations, we could only summarize our position for your understanding:

On the $820,000 S-8 matter, the juror alone will decide whether Yan Wu and her husband were the bona-fide brokers in the UAC deal. We believe we are right.

On all the Press Releases issued afterwards, we had submitted all the supporting documents to the SEC back in 1999 upon their request. We believe there was NO false and misleading information contained. We know we are right.

Whatever the outcome of this matter (2 or 3 years down the road), we would like to emphasize the following:

The complaint did not accuse myself or anybody in the management of personal profiting. I have not sold a single share of HRCT, I have accepted twice the $1 fee as my annual salary, I have donated my 5 Million shares back to Hartcourt. The complaint did not question my personal honesty and integrity. There has always been NO financial incentive for me to misuse your trust.

This civil complaint won’t stop and slow Hartcourt acquisitions. I have personally explained this situation to our present and future partners and they have supported me 100 percent. I guess living under Communist rule for a long time gave these people the understanding about governmental abuse of power.

If my present position at Hartcourt would distract the company attention, I am ready to withdraw. In fact, I have repeatedly asked the Board to resign, but I guess they still need a scapegoat. I would love to get out of Hartcourt so I could have some free time to fight against power abuse and be free to express all my thoughts about Hartcourt as an outsider.

It’s funny but at this moment, I am excited about Hartcourt’s future and my future. The challenges have forced both of us to grow and mature. As we become stronger and stronger, all obstacles are minor irritations. I believe we have a Destiny to meet and we won’t be late this time.

Best
Alan

[new_investor]

Hartcourt Responds to the SEC Civil Lawsuit
5/29/2003 6:01:00 AM

LOS ANGELES, May 29, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that it has preliminarily reviewed the civil complaint filed by the Securities and Exchange Commission against Hartcourt and its Chairman on some business activities dated back in 1999.


The company strongly believes that it has not done anything wrong and will vigorously defend the lawsuit. Its legal counsel believes that the allegations are baseless and the company will prevail in Court.

Dr. Alan Phan, Hartcourt`s Chairman, comments, "We look forward to our day in Court so we could prove to the juror that the lawsuit is without merit. Everything we did was legal, truthful, fully-disclosed and taken solely in the interest of our shareholders. Personally, I felt that this is a character assassination. I donated to Hartcourt 5 Million shares in 2001 and I accepted an annual salary of $1 in 2000 and 2002 to help out the cash flow etc ... To accuse me of anything unethical is beyond imagination."

Mr. David Chen, Hartcourt`s President and CEO, said, "I joined Hartcourt in 2002 so I cannot comment much on a 4-year old issue. I believe that our legal team will present a formidable Hartcourt position to the juror, one or two years down the road. Meanwhile, all our Chinese partners have shown strong support for the company and will increase their effort to bring about better financial results for 2003. Since the SARS epidemic has subsided, we will also increase our road trips to complete more acquisitions."

[@Alle]

Reuters
U.S. sues Calif.-based China investment company
Wednesday May 28, 5:13 pm ET


SAN FRANCISCO, May 28 (Reuters) - Federal securities regulators on Wednesday sued The Hartcourt Companies Inc., (OTC BB:HRCT.OB - News) and its chairman for allegedly participating in a scheme that illegally raised more than $800,000 for the investing holding company.

The Securities and Exchange Commission complaint alleges Long Beach, California-based Hartcourt violated securities regulations that permit the issuance of shares to compensate consultants as a back-door means to raise capital for the company itself.

The SEC named Hartcourt, its chairman Alan Phan and Los Angeles resident Yongzhi Yang in its complaint seeking civil penalties and permanent injunctions.

The SEC also said Yang, whose lawyer could not be reached for comment, assisted in selling the shares.

The company, which specializes in the acquisition and development of private companies in China, denied the allegations and said it would vigorously fight the lawsuit.

"Unless settled, this lawsuit may last for a few years," Phan said in a statement. "It will be one of the major challenges facing Hartcourt."

According to the SEC, the company violated federal securities laws by issuing one million shares to Yang`s wife to raise money for the company rather than compensate her for services provided to Hartcourt. Yang`s wife did not provide any services for the company, the SEC said.

The complaint also alleges that Phan caused Hartcourt to issue a series of false and misleading press releases while Yang was selling stock into the market.

During the period in which Hartcourt issued the press releases, its stock price rose from $1.27 to $4.50, a 254 percent increase, the commission said. Hartcourt stock was off 25 percent on Wednesday to close at 49 cents.

[@Alle]

http://www.sec.gov/litigation/complaints/comp18088.htm




UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF OHIO
EASTERN DIVISION


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UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,

Plaintiff,

v.

SIERRA BROKERAGE SERVICES, INC.,
RICHARD GEIGER, JEFFREY A. RICHARDSON,
AARON TSAI, MICHAEL M. MARKOW,
GLOBAL GUARANTEE CORPORATION,
FRANCOIS GOELO, YONGZHI YANG,
K&J CONSULTING, LIMITED, KE LUO,
M&M MANAGEMENT, LIMITED,
JEROME B. ARMSTRONG,

Defendants.


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CIVIL ACTION
CASE NO.



COMPLAINT FOR PERMANENT INJUNCTION
AND OTHER EQUITABLE RELIEF

Plaintiff United States Securities & Exchange Commission ("Commission" alleges as follows:

SUMMARY

1. The Commission brings this civil action against eight individuals and four entities for their conduct between April 1999 and July 2000 relating to the price manipulation, unregistered sales, unreported stock ownership and touting of securities issued by BluePoint Linux Software Corporation ("BluePoint", a U.S. corporation formerly named MAS Acquisition XI Corporation ("MAS".

2. Aaron Tsai ("Tsai" formed MAS as a shell corporation in 1996. From then through August 1999, Tsai purported to transfer ownership of many of MAS`s outstanding shares of common stock to approximately thirty shareholders. These transfers were shams; the shareholders were nominees, and Tsai retained control of the stock during all relevant times. Tsai`s intent was to create the appearance that the nominee shares could later be sold without limitation and without a registration statement in effect with the Commission.

3. From late 1999 through early 2000, Tsai, Michael Markow and his company, Global Guarantee Corporation (collectively, "Markow", Francois Goelo ("Goelo", and Yongzhi Yang and his company, K&J Consulting, Ltd. (collectively, "Yang", arranged for MAS to acquire a Chinese company that purportedly had developed a Chinese version of the Linux computer operating system. Upon the acquisition in February 2000, the Chinese Linux company became a subsidiary of MAS, which changed its name to BluePoint.

4. Markow, Goelo, Yang, and Ke Luo, and his company, M&M Management, Ltd. (collectively, "Luo", placed 3.75 million shares they bought from Tsai in their names, the names of entities they controlled, and the names of their relatives.

5. Sierra Brokerage Services, Inc. ("Sierra", its president, Jeffrey Richardson ("Richardson" and its trader, Richard Geiger ("Geiger" (collectively, the "Broker-dealer

Defendants" participated in the scheme to manipulate the price of BluePoint shares.

6. At all relevant times, Markow, Goelo, Yang and Luo (collectively, the "Promoter Defendants" acted as a group and controlled a vast majority of the free-trading shares, or float, of BluePoint in order to manipulate the price of BluePoint shares. When BluePoint stock began trading publicly on March 6, 2000, the Broker-dealer Defendants facilitated the scheme by creating artificial trading activity in BluePoint stock that enabled the Promoter Defendants to complete the scheme. The Promoter Defendants and Broker-dealer Defendants engaged in trading of BluePoint shares at artificially high prices that were hundreds of times more than what the Promoter Defendants had paid for less than three weeks earlier.

7. Tsai made false filings with the Commission when he failed to disclose his true ownership of the shares and the subsequent sale of those shares to the Promoter Defendants. Although the Promoter Defendants had collectively acquired nearly 20% of BluePoint`s 20 million outstanding shares and over 90% of the publicly traded shares, they never reported their ownership to the Commission in any filing as required under the federal securities laws.

8. On March 6, 2000 and after, Jerome Armstrong ("Armstrong" promoted BluePoint on the Raging Bull internet site, which carried hundreds of posts about BluePoint. Armstrong received undisclosed compensation from Markow and Goelo in return for his posts.

9. In the weeks and months after BluePoint started trading, BluePoint`s price and volume steadily declined from its all-time high of $21. Nonetheless, the Promoter Defendants continued to sell at a profit, having paid Tsai only pennies for their shares. The Promoter Defendants never reported any changes in ownership when they sold their BluePoint shares in any filings with the Commission.

10. Tsai, directly and indirectly, has engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the registration provisions of the federal securities laws, specifically, Section 5(a) and 5(c) of the Securities Act of 1933 ("Securities Act" [15 U.S.C. §§77e(a) and 77e(c)] and Sections 13(d)(1) and 16(a) of the Exchange Act [15 U.S.C. §§78m(d)(1) and 78p(a)] and Rules 13d-1(a) and 16a-3 [17 C.F.R. §240.16a-3] thereunder.

11. Markow, directly and indirectly, has engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the anti-fraud provisions of the federal securities laws, specifically, Section 17(a) of the Securities Act [15 U.S.C. §77q(a)], Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act" [15 U.S.C. §78j(b)], and Rule 10b-5 [17 C.F.R. §240.10b-5] thereunder; or in the alternative, Markow has engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute aiding and abetting the other promoter`s violations of the anti-fraud provisions of the federal securities laws, specifically, Section 17(a) of the Securities Act [15 U.S.C. §77q(a)], Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act" [15 U.S.C. §78j(b)], and Rule 10b-5 [17 C.F.R. §240.10b-5] thereunder.

12. Goelo, Yang, Luo, and the Broker-dealer Defendants, directly and indirectly, have engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the anti-fraud provisions of the federal securities laws, specifically, Section 17(a) of the Securities Act [15 U.S.C. §77q(a)], Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act" [15 U.S.C. §78j(b)], and Rule 10b-5 [17 C.F.R. §240.10b-5] thereunder.

13. The Promoter Defendants, directly and indirectly, have engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the anti-fraud provisions of the federal securities laws, specifically, Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. §77q(a)], and Sections 13(d)(1), 13(d)(2), and 16(a) of the Exchange Act [15 U.S.C. §§78j(b), 78m(d)(1), 78m(d)(2) and 78p(a)] and Rules 13d-1(a), 13d-2(a), and 16a-3 [17 C.F.R. §§240.10b-5, 240.13d-1(a), 240.13d-2(a), and 240.16a-3] thereunder.

14. Sierra, directly and indirectly, has engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the broker-dealer anti-fraud provisions of the federal securities laws, specifically Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)]. Geiger and Richardson, directly and indirectly, have engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute aiding and abetting violations of the broker-dealer anti-fraud provisions of the federal securities laws, specifically, Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)].

15. Armstrong, directly and indirectly, has engaged and, unless enjoined, will continue to engage in acts, practices and courses of business which constitute violations of the touting provisions of the federal securities laws, specifically, Section 17(b) of the Securities Act [15 U.S.C. §77q(b)].

JURISDICTION AND VENUE

16. The Court has jurisdiction over this action pursuant to Section 22(a) of the Securities Act [15 U.S.C. §77v(a)], Sections 21(e) and 27 of the Exchange Act [15 U.S.C. §§78u(e) and 78aa] and 28 U.S.C. §1331. Venue is proper in this Court pursuant to Section 22(a) of the Securities Act [15 U.S.C. §77v(a)] and Section 27 of the Exchange Act [15 U.S.C. §78aa].

17. The transactions, acts, practices, and courses of business constituting the violations alleged herein occurred within the jurisdiction of the United States District Court for the Southern District of Ohio and elsewhere.

18. Defendants, directly and indirectly, made use of the means and instrumentalities of interstate commerce and of the mails in connection with the transactions, acts, practices, and courses of business alleged in this Complaint.

DEFENDANTS

19. Aaron Tsai, age 33, resides in Evansville, Indiana. Tsai formed MAS in October 1996. From October 1996 through at least February 2000, he was the chairman, president, and treasurer of MAS. During this same time period, Tsai formed nearly fifty "blank check" public shell corporations, including MAS. From 1998 through 2000, Tsai was also a registered representative for three securities firms.

Promoter Defendants

20. Michael Markow, age 56, resides in Westlake Village, California. At all relevant times, he controlled Global Guarantee Corporation as the president and chief executive officer of the company. He was employed as a registered representative for four different securities firms before 1993. In 1998, California issued "desist-and-refrain" orders against him for operating an unlicensed broker-dealer and for selling securities that had not been "qualified." Alabama issued a cease-and-desist order against him in 2000 for operating an unregistered broker-dealer.

21. Global Guarantee Corporation ("Global Guarantee" is a California corporation that Michael Markow formed in 1992 and controlled throughout the relevant times. Michael Markow used Global Guarantee to acquire and sell BluePoint stock. At all relevant times, acts of this entity were caused solely by Michael Markow.

22. Francois Goelo, age unknown, resides in the Cayman Islands. Goelo`s citizenship is unknown.

23. Yongzhi Yang, age 44, resides in Irvine, California. At all relevant times, he controlled K&J Consulting, Ltd. as the president of the company. He was born in China but is a U.S. citizen. From 1994 through 1999, he was a college professor in the U.S. Since then, he has been a self-employed business consultant. At all relevant times, he was a consultant for the Chinese Linux company, and then continued to be a consultant for MAS after it acquired the Chinese Linux company and changed its name to BluePoint.

24. K&J Consulting Ltd. ("K&J" is a British Virgin Islands entity organized and controlled by Yongzhi Yang. Yongzhi Yang formed K&J in January 2000. Yongzhi Yang used K&J to acquire and sell BluePoint stock. At all relevant times, acts of this entity were caused solely by Yongzhi Yang.

25. Ke Luo, age 44, resides in Jamaica Plain, Massachusetts. At all relevant times, he controlled M&M Management, Ltd. as the president of the company. He is a citizen of the People`s Republic of China. From 1992 through 1998, he was a student in the United States, and during 1998-99, he was employed as a research scientist at a university in Alabama.

26. M&M Management Ltd. ("M&M" is a British Virgin Islands entity organized and controlled by Ke Luo. Ke Luo formed M&M in February 1999. Ke Luo used M&M to acquire and sell BluePoint stock. At all relevant times, acts of this entity were caused solely by Ke Luo.

Broker-Dealer Defendants

27. Sierra is a broker-dealer located in Columbus, Ohio that has been registered with the Commission since 1994. Sierra is a small, one-office operation that conducted a general securities business in listed and over-the-counter securities and made a market in many bulletin board stocks. During all relevant times in the Complaint, Sierra was a market maker in BluePoint. On March 7, 2003, the NASD gave Sierra notice of its intention to expel the firm from membership for failure to pay a fine. Since November 2002, Sierra has not been operating for failure to meet net capital requirements under the federal securities laws. On October 8, 2002, the Commission instituted an unrelated administrative and cease-and-desist proceedings against Sierra`s Chairman, who was also CEO and part-owner, in a matter involving a fraudulent, unregistered offering of securities in an unregistered hedge fund. In 1998, 2000 and 2002, Sierra was censured and fined by the National Association of Securities Dealers ("NASD" three times for various violations of NASD regulations, including, failure to timely report transactions, failure to correctly memorialize the time of execution of transactions, failure to memorialize the time of entry and time of execution of transactions, and failure to establish, maintain and enforce written supervisory procedures regarding trading and market making activities.

28. Geiger, age 48, resides in Morton, Illinois. During the relevant time period, Geiger was employed as a registered representative and trader at Sierra. In July 2002, the NASD fined Geiger $10,000 and suspended him from association with any NASD member for twenty days for conducting transactions at Sierra as an equity trader without being registered. In January 1997, the NASD censured Geiger, fined him $10,000, suspended him for ten days, and barred him from acting as a securities firm principal for one year. Geiger had acted as an unregistered principal of a member firm, allowed another individual to work at the firm without the required registration, and failed to properly report transactions and prepare trade confirmations. Based on the NASD action, the state of Ohio refused to grant Geiger a securities sales license, and Geiger worked for Sierra out of his home in Illinois during the times alleged in the Complaint.

29. Richardson, age 44, resides in Columbus Ohio. Richardson is the president of Sierra, its head trader, and a part-owner of the firm. He supervised Geiger and authorized all of Geiger`s trades in BluePoint during all relevant times. In July 2002, the NASD censured Richardson and fined him $10,000 (jointly and severally with Sierra) for allowing Geiger and another Sierra employee to function as equity traders without being registered to do so. In June 2000, Richardson was fined $5,000 by the NASD for various violations at Sierra, including, its failure to timely report transactions, failure to correctly memorialize the time of execution of transactions, failure to memorialize the time of entry and time of execution of transactions, and failure to establish, maintain and enforce written supervisory procedures regarding trading and market making activities.

Touting Defendant

30. Armstrong, age 39, resides in Seaside, Oregon. Since early 2000, his only source of income has been from stock market investing.

OTHER RELEVANT NON-DEEFENDANT ENTITIES

31. MAS was formed by Tsai in 1996 as a blank check Indiana shell corporation. In April 1999, Tsai caused MAS to become a voluntary reporting company by registering its class of common stock under Section 12(g) of the Exchange Act by filing a Form 10-SB with the Commission. In February 2000, MAS acquired BluePoint Linux Software Company, and changed its name to BluePoint upon the acquisition.

32. BluePoint Linux Software Company was a Chinese entity that marketed a Chinese version of the Linux computer operating system, an alternative to Microsoft`s Windows program. As a result of being acquired by MAS, it became BluePoint Linux Software Corporation or BluePoint. Aside from a December 2000 Form S-8 involving common stock to be awarded to certain employees as part of an employee benefit plan, BluePoint has never filed a registration statement under the Securities Act. BluePoint stock currently trades on the OTC Bulletin Board around $0.10.

THE FRAUDULENT SCHEME

The Start of the Scheme

33. When Tsai formed MAS in October 1996, he was its chairman, president, and treasurer, and he caused MAS to issue him 8.5 million shares of common stock. MAS was a shell with minimal assets, and its express purpose was to merge with a private entity looking to establish a public trading market for its shares.

34. In several Commission filings made in 1999, Tsai falsely represented that he and MAS had transferred thousands of MAS shares to dozens of individuals during 1997 and 1998 in order to conceal his true ownership and control of the shares and to make it appear that the shares could be later sold without a registration statement in effect. More specifically, Tsai falsely reported in these filings that in January 1997 he gifted 50,000 of his own shares to each of five former directors, for a total of 250,000 shares, and that MAS issued a total of 500 shares in January 1997 and a total of 750 shares in September 1998 to former directors as compensation for services in 1997 and 1998. Tsai subsequently fabricated documents which showed that the former directors transferred most of their 250,000 shares supposedly gifted by Tsai in January 1997 to roughly thirty other individuals in August 1999.

35. The two January 1997 transfers and the September 1998 transfer were shams since the purported directors rendered no services for MAS and never knew they supposedly were directors. Tsai never told the purported directors they received shares in MAS from him or the company, or that the 250,000 shares they supposedly collectively received from Tsai in January 1997 were later transferred to others.

36. In fact, at all relevant times, the "directors" and other "shareholders" were nominees, and Tsai controlled the stock they supposedly owned. Tsai duped the nominees into signing one or more blank stock powers, which Tsai kept and later used to further the scheme.

The Promoter Defendants` Initial Involvement in the Scheme

37. On February 17, 2000, after MAS acquired the Chinese Linux company and changed its name to BluePoint, the total outstanding shares of BluePoint stood at 20 million shares. Of the 20 million shares, approximately 16 million shares were restricted. The Chinese Linux company`s founders held 15.5 million restricted shares, and Tsai held 450,000 restricted shares. This left roughly 4 million shares in the float. On the same day, the Promoter Defendants obtained 3.75 million shares, or over 90% of the supposed unrestricted shares, from Tsai. Tsai sold the nominees` shares to the Promoter Defendants through the stock powers he obtained earlier in 1997 and 1998, and he never told the nominees about the stock sale.

38. Markow facilitated the transfer of the 3.75 million BluePoint shares from Tsai to the other Promoter Defendants. Through Markow, the Promoter Defendants paid Tsai $250,000 for the shares while Markow paid the nominees each $100 to make it look like he and the other Promoter Defendants were buying from shareholders rather than Tsai. The Promoter Defendants never reported their acquisition of 90% of the free-trading shares of BluePoint, and Tsai never reported the sale of the nominees` shares which he effectively controlled to the Promoter Defendants.

Distribution of BluePoint Shares to the Promoter Defendants and
Preparation to Trade

39. Markow and Goelo knew that they were required to report their control of BluePoint stock in a Commission filing and actively took steps in an unsuccessful attempt to evade the reporting requirement. Markow was careful to cause the 3.75 million shares to be assigned to fourteen separate holders, with no single holder assigned more than 2.5% of BluePoint`s outstanding stock.

40. Out of the 20 million total shares of BluePoint outstanding, the promoters had collectively acquired 18.75% (3.75 million shares). They held or directly controlled 15.45% (3,090,000 shares), and Yang at least partially controlled an additional 3.3% (660,000 shares) held by him, K&J, his spouse and in-laws.

41. Of the 3.75 million shares controlled by the Promoter Defendants, Markow caused a total of 2.6 million BluePoint shares to be issued in the names of the Promoter Defendants and entities they controlled. Markow also caused another 590,000 shares to be placed in the names of the spouses of Yang (220,000 shares) and Luo (220,000 shares), and Luo`s minor child (150,000 shares). The remaining shares (560,000) were placed in the names of Yang`s mother, father-in-law, and mother-in-law. The shares initially assigned to Yang`s mother (120,000) were soon transferred to Yang, and he had at least partial control of the shares held by his in-laws and spouse. The shares assigned to Luo`s child were soon transferred to Luo, and he controlled the shares held by his spouse.

42. The Promoter Defendants concealed from the investing public that they controlled the float of BluePoint, that they planned to manipulate the BluePoint market, and that they had paid only pennies for their shares. In addition, Markow never reported the "desist-and-refrain" orders issued against him by the state of California in 1998 in any BluePoint filing with the Commission.

43. Around the time of the acquisition, Markow, Goelo, Yang, and Luo worked together as a group to arrange for BluePoint to trade publicly by lining up market makers for BluePoint shares, communicating frequently amongst each other, and transferring a majority of the BluePoint shares held by the Promoter Defendants to Sierra.

44. During this same time, Markow also recruited Sierra and other brokerage firms to act as market makers for BluePoint.

45. Three days before trading began in early March, Markow wrote to Yang and Goelo as follows: "WE CAN TRADE ON MONDAY. EVERYTHING IS FINE. LET`S HAVE A CONFERENCE CALL SHORTLY."

The Manipulative Trading Activity on March 6, 2000
Domination and Control of the BluePoint Market

46. By March 6, 2000, the Promoter Defendants had placed 2.43 million BluePoint shares in Sierra accounts they controlled. That day, BluePoint began trading on the OTC Bulletin Board.

47. On March 6, 2000, the Promoter Defendants and Broker-Dealer Defendants maintained control of BluePoint`s float and exercised domination and control of the market in BluePoint shares. The initial BluePoint trades all involved Sierra, Goelo, Yang, and Luo. Specifically, in the first eleven minutes of trading, the following transactions occurred:


Acting for Sierra`s account, Geiger bought 100,000 shares from Yang at $6 per share. Sierra reported the purchase to the Nasdaq system as four separate blocks of 25,000 shares each.

Geiger (on behalf of Sierra) sold 40,000 of the Yang shares for $6.02 per share to Goelo, who already owned nearly a million shares.

Geiger (on behalf of Sierra) bought one block of 50,000 shares each from Yang and Luo at $6.50 per share.
48. These transactions were artificially structured by the Promoter Defendants acting in concert and were executed at literally hundreds of times the price that the Promoter Defendants had paid just weeks earlier.

49. Geiger resold another 40,000 of the first 100,000 Yang shares to Geiger`s wife, his mother, Richardson, and John McCamey ("McCamey" of Sierra. Each buyer got 10,000 shares at $6.1275 per share.

50. At 9:58 a.m., sixteen minutes after the first trade, Sierra sold 5,000 shares of BluePoint at $7.1875 per share to a Sierra customer, who was advised by Markow to buy BluePoint. Markow arranged this trade in advance with Geiger.

51. At 10:22 a.m., forty minutes after the first trade, Geiger bought another 20,000 shares for Sierra from Luo at $15 per share. Sierra`s bid was then 200 shares at $11 per share.

52. By 10:28 a.m., BluePoint had traded at its high for the day, $21 per share.

53. After the first eleven minutes, Sierra began reselling the shares it bought from Yang and Luo to other broker-dealers. In just over half an hour between 9:54 a.m. and 10:31 a.m., Sierra sold 59,700 shares at prices starting at $7.125 per share and ending at $20 per share. By 1:00 p.m., Sierra had sold 103,700 shares at prices as high as $21 per share.

54. BluePoint`s total trading volume on March 6 was 1.15 million shares. Sierra`s trading accounted for 44% of the volume, and the market maker with the next highest volume had just 8%.

Price Leadership by Sierra

55. Throughout the day, the Broker-dealer Defendants demonstrated price leadership

of the BluePoint shares. During this sell-off, Sierra dominated other market makers. For much of the morning, only Sierra consistently offered BluePoint for sale. From the first trade at 9:42 a.m. until 10:06 a.m., Sierra was the only market maker quoting an ask. During that time, Geiger raised Sierra`s ask from $7 to $10.

56. From 10:06 a.m. until 10:17 a.m., only one other market maker quoted an ask.

57. From 10:17 a.m. through 11:18 a.m., other market makers frequently quoted a bid but no ask, while Sierra always quoted both prices.

58. Geiger also ensured the Sierra led the bid, although it bought little from other broker-dealers. Between the market open and 10:47 a.m., Sierra`s bid (entered by Geiger) went from $3 to $19. Yet Sierra did not buy BluePoint from another broker-dealer until 10:51 a.m.

59. Sierra`s bid leadership occurred when over half the float was in Sierra accounts and over 90% of it was held by the promoters or their relatives. For the day, Sierra had the exclusive high bid 59% of the time, and shared the high bid with one or more other broker-dealers 16% of the time. Sierra also raised its bid ten times to match or exceed the high bid. Yet for the day, Sierra bought only 5,400 shares from other broker-dealers.

60. Sierra bid and bought aggressively (from Yang and Luo) in the absence of arms-length retail demand for BluePoint from Sierra customers. Every retail customer to whom Sierra sold BluePoint on March 6, with the exception of one person, was either one of the promoters, a Sierra employee, a relative of Geiger, someone whose account Geiger set up specifically to trade in BluePoint, or someone with ties to Markow. Because Sierra had purchased enough shares of BluePoint from Yang and Luo in the first eleven minutes to satisfy the total retail customer demand on March 6, Sierra had no legitimate reason to raise the bid throughout the day.

61. Likewise, Sierra had purchased enough shares to satisfy demand from other broker-dealers and had no legitimate reason to raise the bid throughout the day on March 6.

62. Geiger and Richardson knew they could immediately resell 80,000 shares to Sierra customers when Sierra bought the initial 100,000 shares from Yang. The customers, however, were Goelo, Geiger`s wife, Geiger`s mother, Richardson, and McCamey. There was no preexisting retail interest in the remaining 20,000 Yang shares, or for the other 100,000 shares Sierra bought from Yang and Luo in the first eleven minutes of trading on March 6, 2000.

63. As the day wore on, Sierra bought back over half of the 40,000 BluePoint shares Sierra had sold earlier to Geiger`s wife, Geiger`s mother, Richardson, and McCamey. Sierra paid as much as $19.875 per share for the stock, which it had sold to these customers for $6.1275 per share.

64. At all relevant times and to date, the Promoter Defendants never made any filings with the Commission as required to report their sales of BluePoint securities and the change in their ownership.

65. At all relevant times, Tsai, the Promoter Defendants, Sierra and Richardson sold or offered to sell shares of BluePoint without a registration statement in effect.

The Slide Down

66. BluePoint never regained the $21 per share high and million-plus volume seen on its first day of trading. On the first day, it closed at $17.75 per share. On the second day, BluePoint closed at $18.50 per share, and trading volume fell to slightly over 100,000 shares. By March 13, 2000, BluePoint closed at $17.875 per share on volume of 80,000 shares. By March 20, 2000, the closing price was $14.50 per share on a volume of 34,000, and by March 27, 2000, BluePoint closed at $13.75 per share with volume of 25,000. On April 6, 2000, one month after it began trading, BluePoint closed at $6.875 per share with volume of 6,700.

67. On the last trading day in April, BluePoint closed at $6.375 per share with 3,700 in volume. By the end of May, it was down to slightly over $4.00 per share, and by the end of June, it fell to under $3.00 per share, with volume at 3,800.

68. After July 2000, BluePoint never closed above $5 again.

Touting Scheme

69. Markow and Goelo orchestrated a scheme to arrange for individuals, including Armstrong, to tout the BluePoint stock. Armstrong posted over eighty times on the BluePoint message board located on the Raging Bull website in the first three weeks. He praised BluePoint`s investment value and encouraged traders who were having trouble getting their orders filled to keep trying. Armstrong never stated in his posts on the Internet that he was being compensated for making the postings. However, Goelo and Markow compensated Armstrong by transferring stock in three separate companies to Armstrong at below market prices during the relevant time period.

Profits to the Defendants

70. All the defendants profited from selling BluePoint. After the first day of trading and continuing through July, the Promoter Defendants sold off many of their remaining shares. Although the price of BluePoint fell sharply during this period, the Promoter Defendants continued to profit because they had paid Tsai only pennies per share for their stock.

71. Tsai received $250,000 from the Promoter Defendants when they bought the nominee shares from him.

72. To date, the Promoter Defendants` approximate profits from selling BluePoint are as follows: Yang $1.27 million; Luo $1.24 million; Markow $1.23 million; and Goelo $300,000.

73. Sierra`s profits from BluePoint were about $570,000 on March 6, 2000 and about $40,000 thereafter. Sierra paid 60% of its March 6 BluePoint profits to Geiger, per his usual compensation program. Richardson has made about $90,000 in profits from trading BluePoint in his personal account, most of which he made on March 6.

74. Armstrong made at least $20,000 from selling the shares of the three securities he received from Markow and Goelo.

75. In making their profits, the Promoter Defendants did not give up their control of the float. By the end of the third week of trading (March 27, 2000), they still directly held about 2.97 million shares. On succeeding dates, they still held shares as follows: April 17, 2.96 million shares; April 30, 2.94 million shares; May 31, 2.63 million shares; June 30, 2.82 million shares; July 31, 2.78 million shares.

76. During this time, the Promoter Defendants never reported made any filings with the Commission as required to report their sales of BluePoint stock and the change in their ownership of the securities.

COUNT I

Violations of Sections 5(a) and 5(c) of the Securities Act
[15 U.S.C. §77e(a) and §77e(c)]

77. Paragraphs 1 through 76 are hereby realleged and incorporated by reference.

78. From February 2000 through at least July 2000, Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra and Richardson, and each of them, directly or indirectly, made use of the means or instruments of transportation or communication in interstate commerce or of the mails to offer and sell securities through the use or medium of a prospectus or otherwise when no registration statement has been filed or was in effect as to such securities and when no exemption from registration was available.

79. Tsai orchestrated a complex scheme to create the appearance that he had distributed MAS shares to dozens of shareholders who in fact were nominees. Tsai then sold this nominee stock to the Promoter Defendants. Yang and Luo resold 220,000 shares to Sierra, which immediately resold shares. Thereafter, all the promoters continued to sell shares they had acquired from Tsai, and Richardson sold the BluePoint shares he obtained from Sierra. Overall, Tsai, the promoters, Sierra and Richardson funneled BluePoint stock into the public trading market without a registration statement in effect.

80. By reason of the activities described in paragraphs 77 through 79 above, Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra and Richardson, and each of them, violated Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. §77e(a) and §77e(c)].

COUNT II

Violations of Section 17(a)(1) of the Securities Act [15 U.S.C. §77q(a)(1)]

81. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

82. At the times alleged in this Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, in the offer and sale of securities, by the use of the means and instruments of transportation and communication in interstate commerce and by the use of the mails, directly and indirectly, employed devices, schemes and artifices to defraud, all as more fully described in paragraphs 1 through 76 above.

83. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, knew or were reckless in not knowing of the facts and circumstances described in paragraphs 1 and 76 above.

84. By reason of the activities described in paragraphs 81 through 83 above, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, violated Section 17(a)(1) of the Securities Act [15 U.S.C. §77q(a)(1)].

85. Alternatively, by reason of the activities described in paragraphs 81 through 83 above, Defendant Markow and Global Guarantee knew, or was reckless in not knowing, of the activities committed by Defendants Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, violated Section 17(a)(1) of the Securities Act [15 U.S.C. §78q(a)(1)], and provided substantial assistance in their violation. Thus, Defendants Markow and Global Guarantee aided and abetted Defendants Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson`s violation of Section 17(a)(1) of the Securities Act [15 U.S.C. §78q(a)(1)].

COUNT III

Violations of Section 17(a)(2) and 17(a)(3) of the Securities Act
[15 U.S.C. §§77q(a)(2) and 77q(a)(3)]

86. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

87. At the times alleged in this Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, in the offer and sale of securities described above in paragraphs 1 through 76, by the use of the means or instruments of transportation and communication in interstate commerce and by the use of the mails, directly and indirectly, obtained money and property by means of untrue statements of material facts and have omitted and are omitting to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and engaged in transactions, practices or courses of business which operated and operated as a fraud and deceit upon purchasers and prospective purchasers as more fully described in paragraphs 1 through 76 above.

88. By reason of the activities described in paragraphs 86 and 87 above, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, violated Section 17(a)(2) and 17(a)(3) of the Securities Act [15 U.S.C. §77q(a)(2) and §77q(a)(3)].

89. Alternatively, by reason of the activities described in paragraphs 86 through 87 above, Defendants Markow and Global Guarantee knew, or was reckless in not knowing, of the activities committed by Defendants Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, violated Section 17(a)(2) and 17(a)(3) of the Securities Act [15 U.S.C. §77q(a)(2) and §77q(a)(3)], and provided substantial assistance in their violation. Thus, Defendants Markow and Global Guarantee aided and abetted Defendants Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson`s violation of Section 17(a)(2) and 17(a)(3) of the Securities Act [15 U.S.C. §78q(a)(2) and §78q(a)(3)].

COUNT IV

Violations of Section 10(b) of the Exchange Act [15 U.S.C. §78j(b)]
and Rule 10b-5 [17 C.F.R. §240.10b-5] Thereunder

90. Paragraphs 1 through 76 are realleged and incorporated by reference as if set forth fully herein.

91. At the times alleged in the Complaint, Defendants Markow and Global Guarantee, in connection with the purchase and sale of securities described above in paragraphs 1 through 76, by the use of the means and instrumentalities of interstate commerce and of the mails, directly and indirectly, employed devices, schemes and artifices to defraud; made statements of material fact and omitted to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and engaged in acts, practices and courses of business which operated as a fraud and deceit upon purchasers and sellers of such securities as more fully described in paragraphs 1 through 76 above; or in the alternative, by reason of the activities described in paragraphs 1 through 76 above, Defendants Markow and Global Guarantee knew, or was reckless in not knowing, of the activities committed by Defendants Goelo, Yang, Luo, Sierra, Geiger, and Richardson, violated Section 10(b) of the Exchange Act [15 U.S.C. §78j(b)] and Rule 10b-5 [17 C.F.R. §240.10b-5] promulgated thereunder, and provided substantial assistance in their violation. Thus, Defendants Markow and Global Guarantee aided and abetted Defendants Goelo, Yang, Luo, Sierra, Geiger, and Richardson`s violation of Section 10(b) of the Exchange Act [15 U.S.C. §78j(b)] and Rule 10b-5 [17 C.F.R. §240.10b-5] promulgated thereunder.

92. At the times alleged in the Complaint, Defendants Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, in connection with the purchase and sale of securities described above in paragraphs 1 through 76, by the use of the means and instrumentalities of interstate commerce and of the mails, directly and indirectly, employed devices, schemes and artifices to defraud; made statements of material fact and omitted to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and engaged in acts, practices and courses of business which operated as a fraud and deceit upon purchasers and sellers of such securities as more fully described in paragraphs 1 through 76 above.

93. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, knew or were reckless in not knowing of the activities described in paragraphs 1 and 76 above.

94. By reason of the activities described in paragraphs 90 through 93 above, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, and each of them, violated Section 10(b) of the Exchange Act [15 U.S.C. §78j(b)] and Rule 10b-5 [17 C.F.R. §240.10b-5] promulgated thereunder.

COUNT V

Violations of Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)]

95. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

96. At all times alleged in the Complaint, Defendants Sierra, as a registered broker-dealer, made use of the mails and instrumentalities of interstate commerce, and induced the purchase and sale of securities, otherwise than on a national securities exchange of which they were members, by means of manipulative, deceptive and fraudulent devices and contrivances, as more fully described in paragraphs 1 through 76 above.

97. Defendant Sierra knew, or was reckless in not knowing, of the activities described in paragraphs 1 and 76 above.

98. By reason of the activities described in paragraphs 95 through 97 above, Defendant Sierra violated Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)] and Rule 15c1-2 [17 C.F.R. §240.15c1-2].

COUNT VI

Aiding and Abetting Violations of Section 15(c)(1) of the Exchange Act
[15 U.S.C. §78o(c)(1)]

99. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

100. At all times alleged in the Complaint, Defendant Sierra, as a registered broker-dealer, made use of the mails and instrumentalities of interstate commerce, and induced the purchase and sale of securities, otherwise than on a national securities exchange of which they were members, by means of manipulative, deceptive and fraudulent devices and contrivances, as more fully described in paragraphs 1 through 76 above.

101. Defendants Geiger and Richardson knew, or were reckless in not knowing, of the activities committed by Defendant Sierra as described in paragraphs 1 and 76 above, violated Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)], and provided substantial assistance in Defendant Sierra`s violation.

102. By reason of the activities described in paragraphs 99 through 101 above, Defendants Geiger and Richardson aided and abetted Defendant Sierra`s violation of Section 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)].

COUNT VII

Violations of Section 17(b) of the Securities Act [15 U.S.C. §77q(b)]

103. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

104. At all times alleged in the Complaint, Defendant Armstrong, by engaging in the conduct described above with respect to BluePoint, used the means or instruments of interstate transportation, or communication in interstate commerce, or the mails, to publish or circulate communications which described securities for a consideration received or to be received, directly or indirectly from the issuers, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof, as more fully described in paragraph 66 above.

105. By reason of the activities described in paragraphs 103 through 104 above, Defendant Armstrong violated Section 17(b) of the Securities Act [15 U.S.C. § 77q(b)].

COUNT VIII

Violations of Section 13(d) (1) and (2) of the Exchange Act
[15 U.S.C. §§78m(d)(1) and (2)] and Rule 13d-1(a) and 13d-2(a)
thereunder [17 C.F.R. §§240.13d-1(a) and 240.13d-2(a)]

106. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

107. The common stock of BluePoint was registered pursuant to Section 12 of the Exchange Act [15 U.S.C. §78l] and was listed and traded on the OTC Bulletin Board, as more fully described in paragraphs 31 and 32 above.

108. At all times alleged in the Complaint, Defendant Tsai, directly or indirectly through nominees, beneficially owned substantially more than 5% of the issued and outstanding shares of MAS. Defendant Tsai, however, never filed any Schedule 13D with the Commission which disclosed his beneficial ownership of MAS stock.

109. At all times alleged in the Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M acted as a "group for the purpose of acquiring, holding, or disposing of securities" and thus, are deemed a "person" as defined by Section 13(d)(3) of the Exchange Act [15 U.S.C. §78m(d)(3)].

110. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M acting as a group, directly or indirectly, beneficially owned substantially more than 5% of the issued and outstanding shares of BluePoint. During all relevant times, Defendants Markow, Global Guarantee, Goelo, Yang, and Luo, directly or through entities they controlled, sold, for their own benefit, no less than 611,400 of these shares. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, however, never filed any Schedule 13D with the Commission disclosing their beneficial ownership and changes in beneficial ownership of BluePoint stock.

111. At all times alleged in the Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, never filed any Schedule 13D with the Commission disclosing their purpose for acquiring shares in BluePoint and any contracts, arrangements, or understandings they had amongst themselves with respect to BluePoint, including but not limited to, guaranties against loss or guaranties of profits. During this same time period, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, never filed any Schedule 13D with the Commission disclosing the source and amount of the funds or other consideration used or to be used in making the purchases in shares of BluePoint. Furthermore, Markow never reported the "desist-and-refrain" orders issued against him by the state of California as required by Schedule 13D.

112. By reason of the activities described in paragraphs 106 through 111 above, Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M violated Section 13(d)(1) of the Exchange Act [15 U.S.C. §78m(d)(1)] and Rule 13d-1(a) thereunder [17 C.F.R. §§240.13d-1(a)].

113. By reason of the activities described in paragraphs 106 through 111 above, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M violated Section 13(d)(2) of the Exchange Act [15 U.S.C. §78m(d)(2)] and Rule 13d-2(a) thereunder [17 C.F.R. §§240.13d-2(a)].

COUNT IX

Violations of Section 16(a) of the Exchange Act [15 U.S.C. §78p(a)]
and Rule 16a-3 thereunder [17 C.F.R. §§ 240.16a-3]

114. Paragraphs 1 through 76 are realleged and incorporated by reference herein.

115. The common stock of BluePoint was registered pursuant to Section 12 of the Exchange Act [15 U.S.C. §78l] and was listed and traded on the OTC Bulletin Board, as more fully described in paragraphs 31 and 32 above.

116. At all times alleged in the Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, are deemed a "person" as defined by Rule 16a-1(a)(1) of the Exchange Act [17 C.F.R. §240.16a-1(a)(1)].

117. At all times alleged in the Complaint, Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, acting as a group, and Tsai beneficially owned substantially more than 10% of the issued and outstanding shares of BluePoint. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, however, never filed any Forms 3 or 5 with the Commission disclosing their beneficial ownership of BluePoint stock.

118. Defendants Markow, Goelo, Yang, and Luo, directly or through entities they controlled, sold, for their own benefit, no less than 611,400 of their BluePoint shares. Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M, never filed any Forms 4 notifying the Commission of changes in their BluePoint holdings.

119. By reason of the activities described in paragraphs 114 through 118 above, Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, and M&M violated Section 16(a) of the Exchange Act [15 U.S.C. §78p(a)] and Rule 16a-3 thereunder [17 C.F.R. §§240.16a-3].

PRAYER FOR RELIEF

WHEREFORE, the Commission requests that the Court:

I.

Find that Defendants committed the violations alleged above.

II.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, and Richardson, their officers, agents, servants, employees, attorneys and those persons in active concert or participation with them who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. §77e(a) and 77e(c)].

III.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, Sierra, Geiger, and Richardson, their officers, agents, servants, employees, attorneys and those persons in active concert or participation with them who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 17(a)(1), 17(a)(2) and 17(a)(3) of the Securities Act [15 U.S.C. §§77q(a)(1), 77q(a)(2) and 77q(a)(3)] and Section 10(b) of the Exchange Act [15 U.S.C. §78j(b)] and Rule 10b-5 [17 C.F.R. §240.10b-5] thereunder.

IV.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Sierra, Richardson and Geiger, their agents, servants, employees, attorneys and those persons in active concert or participation with them who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 15(c)(1) of the Exchange Act [15 U.S.C. §78o(c)(1)].

V.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Armstrong, his agents, servants, employees, attorneys and those persons in active concert or participation with him who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 17(b) of the Securities Act [15 U.S.C. §77q(b)].

VI.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Defendants Tsai, Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, their agents, servants, employees, attorneys and those persons in active concert or participation with them who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 13(d)(1) and 16(a) of the Exchange Act [15 U.S.C. §§78m(d)(1) and 78p(a)] and Rules 13d-1(a) and 16a-3 promulgated thereunder [17 C.F.R. §§240.13d-1(a) and 240.16a-3].

VII.

Grant an Order of Permanent Injunction, in a form consistent with Rule 65(d) of the Federal Rules of Civil Procedure, restraining and enjoining Defendants Markow, Global Guarantee, Goelo, Yang, K&J, Luo, M&M, their agents, servants, employees, attorneys and those persons in active concert or participation with them who receive actual notice of the Order of Permanent Injunction, by personal service or otherwise, and each of them, from, directly or indirectly, engaging in the acts, practices or courses of business described above, or in conduct of similar purport and object, in violation of Sections 13(d)(2) of the Exchange Act [15 U.S.C. §78m(d)(2)] and Rule 13d-2(a) promulgated thereunder [17 C.F.R. §§240.13d-2(a)].

VIII.

Grant an Order requiring all Defendants to disgorge the ill-gotten gains that they received as a result of their wrongful conduct, including prejudgment interest.

IX.

Impose civil penalties against all Defendants in accordance with Section 20(d) of the Securities Act [15 U.S.C. §77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. §78u(d)(3)].

X.

Retain jurisdiction of this action in accordance with the principals of equity and the Federal Rules of Civil Procedure in order to implement and carry out the terms of all orders and decrees that may be entered or to entertain any suitable application or motion for additional relief within the jurisdiction of this Court.

XI.

Grant Orders for such further relief as the Court may deem appropriate.

Respectfully Submitted,

___________________________
Amy Stahl Cotter

___________________________
Tracy W. Lo

Attorneys for
Plaintiff U.S. Securities and Exchange Commission
175 W. Jackson Blvd., Suite 900
Chicago, IL 60604
[phone] (phone)
[phone] (fax)
Dated: April 11, 2003



http://www.sec.gov/litigation/complaints/comp18088.htm

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Gute Nachrichten

Press Release Source: The Hartcourt Companies, Inc.
http://biz.yahoo.com/prnews/030529/lath053_1.html

Hartcourt`s Subsidiary Achieves Significant Sales Contracts
Thursday May 29, 7:04 am ET


LOS ANGELES, May 29 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that its newly acquired subsidiaries has won key strategic contracts to ensure steady growth amid SARS epidemic.
ADVERTISEMENT


HuaQing, Shanghai` based leading IT product marketer and distributor in Eastern China, has won a contract to supply additional 768 LCD flat-panel monitors and 160 PDP 42 inch display units to Shanghai`s Metro railway system for use in public communication and outdoor advertising. The contract, worth RMB$5.2 Million, to be used on the Route Two of the Shanghai Metro is in addition to the 900 LCD flat-panel monitors previously sold by HuaQing to be used on the Metro Route One. The Metro Route Two, with 19KM in length, links Shanghai downtown with the Pudong Development Zone and carries average 2mil passengers per days. This contract demonstrates HuaQing`s relationship with government sectors and ability to win additional contracts with Shanghai Metro as it commits to extend its Metro network during the next few years.

NewHuaSun, Guangzhou based leading IT product marketer and distributor in Southern China, has signed a contract with China`s leading software developer and system integrator, SunTek Technology (A Share listed 600728) ( www.suntektech.com ), to supply exclusively computer monitors to all SunTek corporate customers. The contract worth about RMB30mil per year brings about RMB12mil sales to NewHuaSun in the first 5 months of 2003 amid the SARS epidemic impact.

Mr. David Chen, Hartcourt`s President and CEO, comments, "We are very pleased that our newly acquired subsidaries in both Eastern China and Southern China, 2 of most important economic areas in China has shown strong growth and relentless push into business and government sectors. Together with our partners, we will be continuously seeking more innovative ways to grow our businesses, to count balance the effect SARS has on the Chinese economy. As the SARS has being put under control and travel restrictions lifted, we will be on the road again to seek additional acquisition targets."

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and corporate development company focusing on the acquisition of private companies within high-growth industries in China with the goal of building stronger businesses. Hartcourt`s business strategy is to bring together a group of complementary companies, add substantial value in terms of financial restructuring, strategic planning and corporate governance to enable these subsidiaries to fully realize the value of their assets and become public companies. Hartcourt has strategic investments and operating management control in 3 leading companies in the area of IT product marketing, retail, and distribution. Detailed information on Hartcourt can be obtained via the company`s Web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.




--------------------------------------------------------------------------------
Source: The Hartcourt Companies, Inc.

[prof19]

da könnt ihr noch so lange das Juristengewäsch reinstellen - HRCT steigt!

[Ebro]

#Prof19

So sehe ich das auch! Die Juristen werden Jahre brauchen und die Entwicklung von HRCT geht weiter.

Ebro

[Fuchsie]

Hallo Hartcourt-Freunde,

die letzte Meldung war doch wieder echt Klasse. Es zeigt über welch glänzende Kontakte HRCT in China verfügt (Metro in Shanghai). Man bedenke das Shanghai schon jetzt die Nr. 1 in Asien ist. Dieser lächerliche Zivil-Prozess der von den Bashern wieder gnadenlos ausgeschlachtet wird ist doch nun wirklich für die glänzende Zukunft von HRCT uninteressant. Haben wohl einige gestern in USA auch kapiert, denn der Kurs ging ja wieder gen Norden.

Auf eine goldene Zukunft mit Hartcourt
und beste Grüße

Fuchsie

[new_investor]

LOS ANGELES, June 3 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (BULLETIN BOARD: HRCT, Frankfurt: 900009) , http://www.hartcourt.com/," target="_blank" rel="nofollow ugc noopener">http://www.hartcourt.com/, today announced that it has received all governmental approval and has completed the acquisition of Shanghai GuoWei Technology Co. Ltd. as per the signed agreement dated April 30th, 2003. Since it has also obtained the voting proxy for an additional 10 percent of outstanding shares of GuoWei, Hartcourt has control of the Board of Directors and will be able to consolidate 100 percent of GuoWei revenue and 45 percent of its net profit.

In 2002, GuoWei recorded sale revenue of 310 Million RMB (US$37.6 Million) and a net profit of 4.5 Million RMB (US$550,000). In Q1 of 2003, GuoWei recorded 99.5 Million RMB (US$12 Million) in revenue. It was one of the top PC retailers in Shanghai, specializing in DIY (do-it- yourself) PC assembly and online PC sales. More details of the company could be found at http://www.guowei.com.cn/ .

GuoWei, founded in 1996, owns and operates 13 stores in Shanghai area and surrounding areas, completed with service centers and warehouse distribution. The stores provide customers with latest computer hardware, software, technical services and other digital products. It is also the leading online PC retailer in Shanghai for computer products at http://www.12diy.com/ .

Mr. David Chen, President and CEO of Hartcourt, stated, "We are happy to complete another acquisition. We are on target to record the first profitable quarter in Q2 of 2003. It will be a milestone for Hartcourt and it will instill confidence in other acquisition candidates we are pursuing. Our focus and persistence has paid off in continuing improvements on our financial results."

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and corporate development company focusing on the acquisition of private companies within high-growth industries in China with the goal of building stronger businesses. Hartcourt``s business strategy is to bring together a group of complementary companies, add substantial value in terms of financial restructuring, strategic planning and corporate governance to enable these subsidiaries to fully realize the value of their assets and become public companies. Hartcourt has strategic investments and operating management control in 3 leading companies in the area of IT product marketing, retail, and distribution. Detailed information on Hartcourt can be obtained via the company``s Web site: http://www.hartcourt.com/ .

Forward-looking statements The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company``s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company``s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

The Hartcourt Companies, Inc.

© PR Newswire

[samy3110]

es wird ruhiger im board!?
in den letzten tagen wurden nur wenig aktien umgesetzt, ich denke es wird wieder mal zeit für einen kurssprung bis 0,80$

hrct long!

[samy3110]

wenig beteiligung heute hier! genau so ist es recht, sind wahrscheinlich alle damit beschäftigt ihre kauforder durchzubekommen!?
spätestens wenn hrct wieder über 1 $ steht kommen alle pessimisten aus den löchern und erzählen von kursen zu 0,10 $

hrct hrct long!!!!!

[new_investor]

Iss ja nix los hier!
Egal hauptsache der Kurs steigt in kleinen stritten.

Schau mer mal

June 04, 2003

HARTCOURT COMPANIES INC (HRCT.OB)
form 8-K
Item 2. Acquisition or Disposition of Assets

On May 20, 2003, Sinobull Information Ltd, one of the
subsidiaries of The Hartcourt Companies, Inc., a Utah
Corporation (Registrant), has signed a definitive merger
agreement with Genius Technology Inc, a subsidiary of First
Shanghai Group. After the merger, Sinobull shareholders will
own approximately 17 percent of the combined entity.

Genius Technology Inc, founded in 1994, is biggest
financial information provider in China. It is also the leader
in technology by using satellite, multimedia, Internet and
multi-platform to render financial data services to millions
of Chinese users.

[haegar123]

Na, schon Wochenende ?

Holt HRCT nur Luft oder legen sie schon mal Sommerpause ein ?

Gruß haegar

[kyron7htx]

Was ist denn los. Schläft die Aktie ein oder was.

[Tradershark]

Guck einmal unter

HARTCOURT, KLARER KAUF, Posting 1907!!

Da stehts genau drin, warum Hartcourt so stabil ist!!!

mfg

Sharky

[Franz Beckenbauer]

@ sharky

Sorry sharky.....aber in deinem Posting #1907 steht so gut wie nix drin...ausser div. Vermutungen die fast jeder ableiten kann !!! Das eine Aktie nach einem 1500%-Anstieg wieder Gewinne abgibt ist zu 99% völlig logisch. Auch das diese Aktie jetzt nicht jeden Tag 60% steigen od. fallen kann !! HRCT führt an der Börse (gerade weil OTC) ein Eigenleben....und nur weil der Wert im Bereich von 0,60-0,70 Cent rumpendelt ist es noch kein "normaler" Wert geworden !!! Wei schon mal geschrieben wird HRCT für mich ein "normaler" Wert wenn sie die OTC-Börse verlassen und sich ein geregelter Handelsablauf einstellt (ohne große Zockerei und MM-Manipulationen). Hinzu kommt das jetzt 3-4 positive Quartale folgen müssen um das Vertrauen zu bestätigen das HRCT seriös ist und in einem vernünftigen Geschäftsfeld arbeitet. Die Meldung mit der SEC wird zusätzlich einige Anleger verunsichert haben (Neue und Alte; die damals sich die Finger verbrannt haben). Man wartet jetzt vermutlich auf den nächsten Schritt von HRCT !! Wie angekündigt arbeitet man weiter an PC-Akquisitionen und geht von einem positiven Quartalsergebniss (erstmaliger Gewinn !!!) aus. Wenn diese Bestätigung erfolgt (Q-Zahlen vermutlich Anfang August)...dann geht es auch wieder ordentlich im Kurs weiter und die $ 1-Marke sollte nur eine Frage der Zeit sein

[new_investor]

Hartcourt Responds to the SEC Civil Lawsuit

LOS ANGELES, Jun 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com, today announced that it has preliminarily reviewed the civil complaint filed by the Securities and Exchange Commission against Hartcourt and its Chairman on some business activities dated back in 1999.

The company strongly believes that it has not done anything wrong and will vigorously defend the lawsuit. Its legal counsel believes that the allegations are baseless and the company will prevail in Court.

Dr. Alan Phan, Hartcourt`s Chairman, comments, " We look forward to our day in Court so we could prove to the juror that the lawsuit is without merit. Everything we did was legal, truthful, fully-disclosed and taken solely in the interest of our shareholders. Personally, I felt that this is a character assassination. I donated to Hartcourt 5 Million shares in 2001 and I accepted an annual salary of $1 in 2000 and 2002 to help out the cash flow etc ... To accuse me of anything unethical is beyond imagination."

Mr. David Chen, Hartcourt`s President and CEO, said," I joined Hartcourt in 2002 so I cannot comment much on a 4-year old issue. I believe that our legal team will present a formidable Hartcourt position to the juror, one or two years down the road. Meanwhile, all our Chinese partners have shown strong support for the company and will increase their effort to bring about better financial results for 2003. Since the SARS epidemic has subsided, we will also increase our road trips to complete more acquisitions."

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and corporate development company focusing on the acquisition of private companies within high-growth industries in China. Hartcourt`s business strategy is to bring together a group of complimentary companies, add substantial value in terms of financial restructuring, strategic planning and corporate governance to enable these subsidiaries to fully realize the value of their assets. Hartcourt has strategic investments and operating management control in 3 leading companies in the area of IT product marketing, retail, and distribution. Detailed information on Hartcourt can be obtained via the company`s Web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

SOURCE The Hartcourt Companies, Inc.


CONTACT: Mr. Raymond Liu of The Hartcourt Companies, Inc.,
[phone], or Fax, [phone], [e-mail]

URL: www.hartcourt.com
www.prnewswire.com


Copyright (C) 2003 PR Newswire. All rights reserved.

-0-


ProviderSequenceNumber: 6861

KEYWORD: California
China
INDUSTRY KEYWORD: FIN
OTC
SUBJECT CODE: LAW
OTC

STOCK SYMBOLS: [(hrct)]

[new_investor]

Die 2.Ausgabe von China-Report ist da

http://www.china-report.net/issue02/chinareport.pdf

Schau mer mal

[samy3110]

hab mal eine allgemeine frage....
ist es überhaupt möglich das es an der nasdaq otc auch kurse von 2-5 oder auch noch mehr gibt?

danke im voraus

[Franz Beckenbauer]

@ samy3110

Na klaro !! HRCT stand ja damals bei fast 20 € !!! Und war die ganze Zeit an der OTC-Börse gelistet !!

[samy3110]

danke franz!

na dann bleibt ja meine hoffnung
meinst du nicht das heute ein wichtiger tag ist!? ich mein charttechnisch!

gruss

[Rattlesnake]

hi samy3110,

das hat mit hoffnung nichts mehr zu tun. hoffnung war bis anfang märz der richtige weg. jetzt musst du nur noch vertrauen haben.
vertraust du den ankündigungen von ca. 165 mio us$ jahresumsatz bei einem kleinen gewinn, vertraust du darauf, dass dies wirklich so eintrifft?
dann sind kurse von 2-5 us$ auch erst ein kleiner anfang. ausserdem wird hartcourt nicht mehr sehr lange an der OTC sein...

Rattlesnake

[Franz Beckenbauer]

@samy3110

Sorry samy....von Charttechnik bei OTC-Werten halte ich nix ) Entweder man zockt blind od. vertraut auf NEWS und FAKTEN

[Rattlesnake]

sag ich doch. vertrauen ist alles.
wenn hartcourt seinen ambitionierten plan umsetzen und tatsächlich alle unabhängig operierenden PC-vermarkter in china zu einer einheit verschmelzen und damit eines der drei größten PC-unternehmen chinas werden kann, wo soll man dann eine faire bewertung ansetzen?
ich meine, wir reden dann von einem unternehmen mit einem jahresumsatz von vielleicht einer halbe milliarde us$, das im weltweit größten wachstumsmarkt in einer der wachstumsstärksten branchen schwarze zahlen schreibt...
welche marktkapitalisierung wäre wohl angemessen: 50 mio, 500 mio, 5 mrd? wer weiss...

nochmal zum vergleich:

Martkapitalisierung
sohu...980 mio
ntes....975 mio
sina....795 mio
hrct........70 mio

[samy3110]

gibt es eigentlich stichtage zu denen man aus der otc raus kann?

[samy3110]

@ rattlesnake

deine euphorie steckt mich an!
hoffen wir das beste!

[Franz Beckenbauer]

@ samy

Damals war ein Wechsel zur Nasdaq nur möglich wenn der Kurs mind. 30 Tage über 4 $ lag Welche genaue Formalitäten dann noch zu erfüllen sind weiß ich leider nicht

[Rattlesnake]

quelle:
http://http://www.topsmallcaps.com/deutsch/content_listing_r…


Listing Regularien

Die meisten der am OTCBB notierten Unternehmen haben es sich zum Ziel erklärt, Ihre Unternehmenspolitik auf ein Listing an der NASDAQ auszurichten. An der NASDAQ gibt es zwei verschiedene Segmente, das SmallCap System und den National Market. Der NASDAQ SmallCap Market ist das Sprungbrett für OTCBB-Werte auf dem Weg zum großen Investorengeld. Ein OTCBB-Unternehmen muss für die Aufnahme an den NASDAQ SmallCap Market folgende Listing-Bestimmungen erfüllen und konsequent einhalten:

Bedingung Erstlisting
Nettosachanlagen $ 4 Mio.
ODER Marktkapitalisierung $ 50 Mio.
ODER Nettogewinn $ 750.000
Streubesitz 1.000.000 Aktien
Marktwert Streubesitz $ 5 Mio
Minimumangebot $ 4 Mio
Aktienbesitzer über 300
Aktienhändler mindestens 3
Geschäftstätigkeit 1 Jahr (ODER Marktkapitalisierung von 50 Mio.)

[Rattlesnake]

sorry
http://www.topsmallcaps.com/deutsch/content_listing_regulati…

[samy3110]

fängt ja schlecht an heute!

[samy3110]

@ alle

meine absicht: alle zu informieren das hartcourt grosses potenzial hat!

go china! go hrct!

[samy3110]

@ alle

meine absicht: alle zu informieren das hartcourt grosses potenzial hat!

go china! go hrct!

[Rattlesnake]

ruig blut samy. jeder muss letztlich selbst entscheiden, ob er in hartcourt investiert oder nicht...
die story hat gerade erst begonnen.

Rattlesnake

[samy3110]

ich weiss doch
wollte nur ein wenig schwung in den threat bringen

hrct long!

[Rattlesnake]

nicht nur in diesen, wie ich verfolgen konnte. tu mir bitte einen gefallen und pushe hartcourt nicht weiter in allen möglichen threads. das hat die aktie gar nicht nötig...

Rattlesnake

[samy3110]

ok

[McCorry]

alle infos und nützliche Links zu Hartcourt findet ihr unter:

www.mccorry.de


gruß
MC

[samy3110]

@ mccorry

klasse deine seite!
bist du auch aus düsseldorf??

[Lloret]

News!

Hartcourt Sold StreamingAsia to Hong Kong Investment Group
LOS ANGELES, July 1 /PRNewswire-FirstCall/ -- The Hartcourt Companies,
Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009),
http://www.hartcourt.com /, today announced that it has completed the sale of
its interest in StreamingAsia Group to Yee Fu Laser Company Limited, a company
controlled by Venetian Holdings Ltd, a privately-held investment fund with
major stakes in publishing and real estate industries in Hong Kong.
StreamingAsia Group is composed of StreamingAsia Limited, Logic Space Asia
Ltd. and Syndicate Asia Ltd.
Due to the severe recession of Hong Kong high-tech industry, StreamingAsia
has suspended its operation since June 2002. The acquisition by Yee Fu will
give the company a second chance to implement its expansion plan to provide
service to Chinese enterprises in the Pearl Delta region of Southern China.
Hartcourt holds an option to purchase up to 49 percent of the company for a
nominal fee in the next 36 months, should the company be successful in its
effort to go IPO.
About Hartcourt
The Hartcourt Companies, Inc. is an investment holding and corporate
development company focusing on the acquisition of private companies within
high-growth industries in China with the goal of building stronger businesses.
Hartcourt`s business strategy is to bring together a group of complementary
companies, add substantial value in terms of financial restructuring,
strategic planning and corporate governance to enable these subsidiaries to
fully realize the value of their assets and become public companies.
Hartcourt has strategic investments and operating management control in
3 leading companies in the area of IT product marketing, retail, and
distribution. Detailed information on Hartcourt can be obtained via the
company`s Web site: www.hartcourt.com .
Forward-looking statements
The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains. The actual results of the
specific items described in this release, and the company`s operations
generally, may differ materially from what is projected in such forward-
looking statements. Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company`s
dependence on third parties, general market and economic conditions, technical
factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The company
disclaims any obligation to update information contained in any forward-
looking statement.
SOURCE The Hartcourt

[McCorry]

@samy 3110

hi samy. vielen dank
jap, ich komme aus düsseldorf. sag bloß du auch !?

Gruß
MC

[samy3110]

ja ich auch... stadtteil lierenfeld / eller !
seit wann bist du in hrct investiert??

@ Lloret
das scheinen gute news zu sein. kannst du die auch in deutsch reinstellen. nicht das ich kein englisch könnte

[samy3110]

@Lloret

woher hast du die news?? auf der hompage von hrct finde ich nichts

[McCorry]

wow, die welt ist klein.lol

wohne grenze flinger/bilk bzw. friedrichstadt
arbeite in wersten.....wie auch gerade.lol

ich bin seit 99 investiert (mit unterbrechungen). war damals aber weder so gut informiert noch so engagiert dabei.
vielleicht siehst du mich ja mal mit meinem silberen tipo (mit schriftzug "The Hartcourt Companies" auf der heckscheibe...leider etwas schief) irgendwo langsausen.
seit wann bist du in hrct?

MC

[McCorry]

hey samy, die news bekommst du auch über meine seite.
klicke auf aktuelle kurse: amerkia !!

der link geht zu yahoo finance. scrolle das bild runter zu den news...und zack da ist sie..

MC

[samy3110]

ich bin auch bei der arbeit in gerresheim
ich bin seit ca. drei monaten investiert auch mit unterbrechungen! aber hab mir jetzt vorgenommen die teile liegen zu lassen, bis sie mich mal zu einem glücklichen mann machen

[McCorry]

hast du die news jetzt gefunden??
(siehe mein letztes posting)

MC

[samy3110]

@ Lloret

die news sind nichts besonderes... habs mir mal genauer durchgelesen... wird ja nur über einen verkauf berichtet

[samy3110]

@ mccorry

ich schau mir das gleich auf deiner seite an. was hälst du von diesen nachrichten!? nichts besonders oder?

[McCorry]

tja, so ganz genau kann ich das jetzt noch nicht sagen.
großen einfluss auf den kurs wird es momentan nicht haben.
wichtig zu wissen wäre jetzt, ob diese beteiligung verlust erwirtschaftet hat.
wenn ich es richtig im kopf habe, war dies so...( ohne gewähr )
das hätte zur folge, dass eine momentan unwirtschaftliche beteiligung abgestossenen worden wäre und der reingewinn von HRCT dadurch steigt.
darüber hinaus erhalten sie durch den verkauf ja auch noch geld. nur das geht aus der news nicht hervor.

MC

[Rattlesnake]

hallo freunde,

so ganz nebensächlich ist diese news durchaus nicht. sie zeigt, dass hartcourt mit seinen ankündigungen, unprofitable beteiligungen abzustoßen und sich auf das IT-distributionsgeschäft zu konzentrieren, weiter ernst macht.
es verschwindet also eine verlustbringende beteiligung aus der bilanz und im gegenzug erhält hartcourt cash in die kasse.
dass man nicht öffentlich herausposaunt, wie hoch der kaufpreis war, ist völlig normal und wird in den nächsten filings ohnehin abzulesen sein.

Rattlesnake

[der_captain]

hallo

bin schon seit längerer zeit in hartcourt investiert und mich würde interessieren, welcher gewinn/umsatz für dieses jahr erwartet wird.

[samy3110]

seid ihr euch sicher, dass diese beteiligung verluste schreibt??

[Rattlesnake]

ja.
du kannst es zwischen den zeilen in der PR lesen:
...
Due to the severe recession of Hong Kong high-tech industry, StreamingAsia has suspended its operation since June 2002. The acquisition by Yee Fu will give the company a second chance to implement its expansion plan to provide service to Chinese enterprises in the Pearl Delta region f Southern China.
...

Rattlesnake

[McCorry]

@samy

soweit ich weiss hatte die beteiligung bisher verlust.


@der capitain

das kann man nicht so leicht sagen. guck dir die 3 firmen an, die hrct dieses jahr übernommen hat. alle 3 erwirtschaften schon gewinn.
wir können also nur von diesen werten ausgehen. rechne mal nach.
nur wer sagt den, dass hrct dieses jahr keine weiteren beiteiligungen mehr übernimmt?

MC

[Lloret]

Dies ist sehr positiv wie schon Rattleschlange geschrieben hat: Verluste raus, cash (obwohl wahrscheinlich nicht viel) rein.

Lloret

[flipflop]

Ich glaube, das steht bisher noch nicht drin.

Gruß
ff

June 30th, 2003

Shareholder Q&A FOR JUNE 2003

Q. There are those shareholders who would accuse you of side-stepping the negative questions and feeding us only positive stories. Do you plead guilty?

A. The objective of this monthly Q&A is to answer tough questions from shareholders, an effort seldom seen by other bigger companies. We always want to answer all questions, side-stepping only questions which are repetitive, or require a public disclosure in proper form (such as when the NewHuaSun deal is closed), or have something to do with share price prediction etc… It’s true that Hartcourt, like many other companies, does not publish a brochure highlighting all its failures and mistakes; but any investor who takes time to read our SEC filings would be well-informed of all transactions and related risks, no matter how insignificant they are. We are proud to say that among small companies, we are one of the most transparent and have the highest standard of corporate governance.

Q. Hartcourt should be in a good position to begin to attract institutional investors after second quarter. Should we expect an increased amount of buying as was the case for the other major China stocks?

A. We are confident of our Q2 financial results. However, to attract strong institutional buying depends on many factors, all of which are difficult to predict precisely.

Q. How is the acquisition pipeline doing to this point? Have there been any potential acquisitions that have been reluctant or stubborn to join Hartcourt group because of the SEC issue?

A. An M&A transaction involves plenty of uncertain factors: pricing, payment terms, due diligence, governmental approval, management issue, employees, personality conflict, market position versus our existing network etc…We are in negotiation with a number of these companies but the only way to be sure that we conclude the deal is when we sign the definitive agreement. So far, we have not encountered any problem relating to the SEC issue.

Q. We saw 3 rapid acquisitions then things get quiet again. When could we expect the acquisition machine rolling again?

A. We are working non-stop on our acquisition plan. However, the completion of each acquisition depends on many outside factors (as discussed above) that we could not give you an accurate reply.

Q. Can you tell us how negative the effect of SARS has been on Hartcourt in Q2. We have seen conflicting reports about PC and tech sales in China. Could this delay the expectation of showing positive profits for Q2?

A. We did have some adverse affect of SARS on our operation. Luckily, the SARS epidemic was over early, so the damage was minimal.

Q. Is there any news concerning getting off the OTCBB? Especially now that we hear the BBX is not going to happen.

A. We have repeatedly stated that we plan to apply for listings in other exchanges in the US as well as Asia. However, we believe that we must perfect our corporate governance and internal operation including showing sustainable profitable financial results before taking this step. We hope to start the process in 2004.

Q. How is the Sinobull/Genius merger progressing? Will this be the only spin off of a Hartcourt company or is there more to come?

A. The Sinobull merger is going well. As we mentioned in previous PR’s, we expect to spin off all Hartcourt divisions and focus our effort only on the business of IT product distribution.

Q. What was the problem with China Report, and will the next issue be on time?

A. To ensure that we have sufficient cash flow to maintain the publication, we have delayed the printing until we have enough advertisers for the magazine. Since the magazine does not have long-term subscribers at the moment, there is no dateline for publication. However, we think that we shall able to continue the operation well into 2004.

Q. SOHU, PACT, Guangshen Railway, China Eastern, FPDSavill...are big advertisers on China Report. They are also big companies. Now that we have certain relationship, do we expect to have some business tie or partnership with them?

A. In addition to these companies, we have great relationship with many other multi-nationals. However, to elevate these relationships into partnerships or investments is another matter, depending entirely on the mutual benefit generated for each party. We keep an open mind on this issue; when things do happen, they happen.

Q. What kind of progress is China`s government making in its plan to divest its state-owned assets? And has Hartcourt made any inroad in taking advantage of this transformation?

A. Since the amount involved is huge (estimated over $500 Billion), the Chinese government is moving very slow to ensure consensus from all administrative parties, as well potential foreign investors. We have indicated strong interest in this investment opportunity; but the timing is not within our control.

Q. The method that Hartcourt is using to grow (acquisitions through issuance of additional stock) is a bit un-nerving. How long do you see this continuing? What plans do you have to consolidate current subsidiaries and begin focusing on organic growth? Considering that Hartcourt does not own a majority of any of the companies, is consolidation even an option?

A. When we closed our first deal with HuaQing, our share price was 6 cents. To get them accepting 13.8 cents as the base price for restricted shares required hard bargaining. As our share price moves up, the number of shares issued in each transaction become smaller and smaller. If the share price continues to appreciate, cash might be a better alternative. Meanwhile, each of these subsidiaries is looking for ways to expand their revenue, either by organic growth or by their own acquisition. The size and growth of the PC market in China offer excellent opportunities.

Q. Why the extensive recap on the recent 10K? Did the extended disclosure into past Hartcourt history have anything to do with the SEC?

A. When we filed our original 10K back in April, our new auditor, Loral CPA International, used the 2001 numbers of the previous auditor, Weinberg & Co. The SEC requested Loral to go back and audit these numbers themselves. Therefore, Loral had to do the 2001 audit again as well as 2002. After they were done, we filed the amended 10K on Loral’s certified numbers last Friday. The two 10Ks are identical, in disclosure text, numbers as well in all footnotes.

Q. Many shareholders have brought up their concerns about a reverse split. Do you see that ever happening to Hartcourt? Also might there be a forward split again in HRCT land?

A. We have said repeatedly that we have no plan to do any reverse split or forward split in the near future.

Q. What is the estimated cost for Hartcourt`s lawyers to defend charges from SEC?

A. It will depend on the length of the trial and other unpredictable events like settlement, discovery process etc… Our costliest legal fee involved the Charles Hogue matter was about $80,000.

Q. Is this the Shanghai HuaQing Group Hartcourt has acquired?
http://www.huaqinggroup.com.cn/index.asp
They go by the same name but are into much more than computer sales. The similar names are confusing. Are any of these companies Hartcourt has acquired into other business area as well as the computer marketing? If so, does Hartcourt plan to expand in these areas also?

A. Huaqing is quite a common name in China. The above group is not the same HuaQing in Shanghai. HuaQing and GuoWei own some real estate related to their operation; but neither involve in any other business except PC marketing.

Q. I did not see Dr. Phan name included in new Board of Directors. What is his role in Hartcourt now?

A. This is his reply to our nomination letter,” I will not accept your nomination for another term as Director. After 15 years with Hartcourt, I think I deserve a rest. Especially now when we have fresh young bloods who are executing a great game plan to perfection. I am so proud of the management and its achievement that I will spend the whole year of 2004 traveling the world to tell people of the Hartcourt story.” Of course, Dr. Phan is still a consultant to Hartcourt until 2004.

Q. Hartcourt has a good start in their quest to acquire all the independent PC marketers in China. Are the remaining companies that are in line to be acquired, as large, larger, or smaller than say, HuaQing? Will HuaQing be the biggest and most widespread with their current network of stores?

A. Actually, NewHuaSun is about the same size as HuaQing, in terms of revenue, profit and distribution outlets. We are pursuing acquisition targets that are smaller and larger than HuaQing.

Q. With Dell, IBM and HP pushing hard to get a piece of the action in China, will Hartcourt PC sales move to include these products in their inventory, or will they try and stay with China-made products? I know foreign made Samsung monitors are sold now. Will Hartcourt try to be the distributor for any particular product in the near future? Are you planning more agreements with Chinese companies to expand the business, or are you planning more agreements with US and European companies to increase the resources in the near future?

A. Once we entered into exclusive distributorship with one company, we are constrained by the terms and conditions of the agreement. However, our marketing plan must be flexible enough to accommodate growth and gross margin. Our biggest asset is the distribution network established over 10 years by our subsidiaries in a difficult market environment: we shall leverage this network to the maximum to increase revenue and profit. It does not matter who our partners would be; but which ones would bring us the maximum benefit.

Q. As reported in various articles, China PC sales are booming and will continue to do so as long as the economic condition improves as expected. The standard of living will change dramatically for many and more people will have money for computer products. Will Hartcourt`s PC sales concentrate mainly on the multitudes of new average PC users, or government contracts and small business? And where does the inventory come from to supply these accounts? All entirely built from scratch? What companies provide products?

A. We are optimistic on the growth factor, as China should record another banner year in GDP growth despite the SARS effect (now projected 9.2 percent for 2003). Our marketing plan does not limit itself to organic growth from environment; as we must be opportunistic to expand into government and small business sectors. Once the market share is defined, the supply channel would be established accordingly.

Q. Please compare with the market in the US and Europe with China. What can you tell us about the purchasing power for IT products?

A. US and Europe have bigger economy; therefore, their combined purchasing power should be 12 times bigger than China. However, China has the fastest growth in size and demand and its market is not yet maturing like the ones in the US and Europe. As such, China offers an opportunity for consolidation of local distributors, much like the US ten years ago.

Q. Are you planning to drop the fixed costs short term to achieve a higher profit?

A. We promised to cut overhead to a bare minimum to achieve profit in 2003. We believe we shall be able to meet our target. Profit will be Job No 1 not only in 2003 but also to all the years beyond.

Q. The Chinese PC/IT products business seems to be like a commodity, not much brand loyalty/recognition. This is a dangerous. Approximately how many independent PC providers are working for market share in the areas Hartcourt is focusing on. Which single entity/entities would Hartcourt consider the biggest and most successful operation and are they a candidate for a business relationship? Are there any providers that have a commanding market share of retail IT products like BestBuy or CompUSA in the U.S.A.?

A. We think your statement is not correct. Like the US, brand name products from IBM, HP, Samsung, Toshiba, Motorola, Nokia… command a premium over no-name brands. Our subsidiaries carried many of these brand name products; even the DIY (do-it-yourself) customers would prefer Intel, Samsung…components in their PCs. We have a great relationship with these brand-name manufacturers: they need our distribution network and we need their quality products and support. GuoWei is one of the largest retailers in Shanghai: we hope to build on their successful model to create another BestBuy in China.

Q. Would our partners in HuaQing, NewHuaSun, GouWei be at the Orlando meeting?

A. Yes, they plan to be in Orlando, unless they experience some visa delay.

Q. Will Alan Phan himself be able to attend the Shareholders meeting?

A. Yes, Dr. Phan plans to be in Orlando.

Q. Does the company know Tony Forberg, and if so how did he get 800,000 shares? Were they purchased, given to him for services, etc...?

A. Mr. Forberg is the attorney of Mr. Gerald Newman who was involved in a legal dispute with Dr. Phan. Since it is personal and unrelated to Hartcourt, we do not know details of this lawsuit.

Q. How many months will Enlight be receiving 2.47 million shares? Is there a way to stop it now that they`ve made 10 times their money back?

A. According to our legal contract disclosed in our filings, Enlight would receive its monthly shares until September 2003. Our legal counsel does not think another lawsuit by breaching the contract is advisable at this time.

Q. How many restricted shares are issued as of June 24 2003?

A. As of March 30th, 2003, there are 113,252,503 shares outstanding, of which, 40,711,499 shares are restricted.

Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[Franz Beckenbauer]

@ McCorry,

habe mir gestern deine "Seite" angesehen...wirklich sehr schön !! Aber bei den Erfolgen von F95 hättest du vielleicht noch erwähnen können das "wir" ausser Dt.Meister und Pokalsieger auch VIZE-Europapokalsieger geworden sind Damals mit Verlängerung und gaaannnzzz viel Pech gegen Barcelona verloren

[new_investor]

Hartcourt Acquires ZhongNan Group, a Major PC Distributor in Wenzhou

LOS ANGELES, Jul 7, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that it has signed a definitive agreement to purchase 51 percent of Wenzhou ZhongNan Computer Group ("ZhongNan"), www.zncomputer.com.cn , a major PC distributor and retailer based in Wenzhou, China.

The purchase price for the 51 percent acquisition is RMB34.46 Million (US$4.18 Million) payable in 7,013,951 restricted common shares of Hartcourt priced at US$0.5955 per share.

In 2002, ZhongNan recorded sale revenue of RMB 297 Million (US$36 Million) and net profit of RMB5 Million (US$0.6 Million). It is one of the top PC distributors in Wenzhou and has the same business model like HuaQing, GuoWei and NewHuaSun. The city of Wenzhou (population: 8 Million) located 300 miles south of Shanghai, has one of the highest GDP per capita in China.

ZhongNan, founded in 1996, has 202 employees. It owns distribution warehouses and operates 16 retail stores in Wenzhou and surrounding areas, completed with service centers. The stores provide customers with latest computer hardware, software, technical services and other digital products.

ZhongNan is the fourth acquisition of Hartcourt in the IT product distribution business. In 2002, the combined revenue of 4 entities was RMB$1,493 Million (US$181 Million) and the net profit was RMB$25 Million (US$3.1 Million). In the first four months of 2003, ZhongNan recorded a sale of US$16.2 Million and net profit of US$0.24 Million.

China has experienced explosive growth in PC sales for the last 10 years from 670,000 PCs sold in 1994 to 7,260,000 in 2001. IDC predicts China`s PC sales will grow at 18-22% for the next 5 years, with sales reaching 19,800,000 PCs in 2006 (global PC sales is 131,800,000 in 2002 vs. China`s 9,280,000). Experts believe the huge market potential will come from the low PC penetration in home uses (5% in China compared to 49% in the US), as well as demand from technology upgrades and adoption of information technology by SMEs (small medium enterprises) and government sectors.

More details on these subsidiaries and the PC market in China could be obtained from Hartcourt Website, www.hartcourt.com or ZhongNan website, www.zncomputer.com.cn .

Mr. Hu JianGuo, Chairman and President of ZhongNan, comments, "We are glad to follow the footsteps of HuaQing, NewHuaSun and GuoWei to create a major PC distribution network under Hartcourt umbrella. Besides improving our profit margin with the combined purchasing and advertising power, all of us will be able to expand faster thanks to access to international capital sources. As more PC distribution companies are waiting to join us, our onward momentum could bring forth a new force in China PC market."

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and developing company specializing in the acquisition and development of private companies within high-growth industries in China. Recent acquisitions of Hartcourt included 4 major PC marketers in China that have a combined revenue of US$181 Million and net profit of $US 3.1 Million in 2002. Detailed information on Hartcourt can be obtained via the company`s Web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.

SOURCE The Hartcourt Companies, Inc.


CONTACT: Stokley Akers, 626-844-2437, or fax, 626-844-2442,
[e-mail] , for The Hartcourt Companies, Inc.

URL: www.zncomputer.com.cn
www.hartcourt.com
www.prnewswire.com


Copyright (C) 2003 PR Newswire. All rights reserved.

[new_investor]

Die (großen) käufer sind wieder da.

Last: 0.720
High: 0.725
Low: 0.655
Open: 0.655
Change: +0.06
Volume: 1,518,500


Bid: 0.710
Ask: 0.725
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 9.9%


15:46:30 0.720 14000 OTCBB
15:46:30 0.720 6000 OTCBB
15:46:17 0.719 9400 OTCBB
15:46:14 0.725 21100 OTCBB
15:39:00 0.710 100000 OTCBB
15:36:47 0.725 2000 OTCBB at Ask
15:36:04 0.720 2500 OTCBB
15:35:58 0.720 2500 OTCBB
15:35:44 0.720 500 OTCBB
15:33:32 0.710 1600 OTCBB

Schau mer mal

[new_investor]

Nachbörslich gehts weiter!
Schau mer mal wie es morgen weiter geht

16:05:00 0.725 1000 OTCBB
16:04:25 0.720 20000 OTCBB
16:03:05 0.725 17500 OTCBB
16:01:54 0.725 2500 OTCBB
16:01:25 0.720 20100 OTCBB at Bid
16:01:22 0.720 10000 OTCBB at Bid
16:00:20 0.720 4000 OTCBB at Bid
16:00:10 0.725 5000 OTCBB
15:59:01 0.715 500 OTCBB
15:58:48 0.720 5000 OTCBB

Last: 0.725
Close: 0.715
High: 0.725
Low: 0.655
Open: 0.655
Change: +0.07
Volume: 1,662,300


Bid: 0.720
Ask: 0.740
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 9.1%

[McCorry]

Das Hartcourt Voting auf

http://www.mccorry.de

viel spass
grüße
MC

[McCorry]

The Hartcourt Companies

!!!!!veränderter Voting-Ablauf:!!!!!
Das Voting endet am 30.08.03 um 22 MEZ

http://www.mccorry.de
Kurs-Voting:

http://tools.freecity.de/voting/McCorry

grüße
McCorry
-vielen dank für euer Voting-

[new_investor]

NEWS NEWS NEWS!
(COMTEX) B: Hartcourt Purchased Additional 6 Percent of HuaQing
B: Hartcourt Purchased Additional 6 Percent of HuaQing

LOS ANGELES, Jul 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt
Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com
, today announced that it has purchased an additional 6 percent of all
outstanding shares of HuaQing Corporation Development Co. Ltd. and HuaQing
Economics Development Co. Ltd., a major IT product marketer based in Shanghai,
China. Together with the 45 percent purchased on Feb 14th, 2003, Hartcourt will
own 51 percent of HuaQing Group, www.shanghaihuaqing.com .

The purchase price for the 6 percent of total outstanding shares is 7.08 Million
RMB (US$0.86 Million) payable in 1,340,455 restricted common shares of
Hartcourt, calculated at $0.64 a share.

In Q1 of 2003, HuaQing recorded sale revenue of 103 Million RMB (US$12.5
Million) and a net profit of 1.1 Million RMB (US$130,000). It was voted by IDG`s
Computer World (China) in 2002 as one of the Top 100 Computer Marketing
Companies in China. HuaQing, founded in 1992 in Shanghai, has developed into a
well-respected IT marketing and distribution company and a key marketing partner
for Samsung Electronics in China.

Mr. Li ZhengZheng, Chairman and President of HuaQing comments: "Chinabyte, the
leading IT magazine, described Hartcourt as `China`s Emerging PC Marketing
Leader in China.` Apparently, our shareholders and management agreed with this
assessment. We are proud to be under Hartcourt`s leadership to expand
aggressively our business operation, in coordination with other subsidiaries.
This is also a vote of confidence in HuaQing as a result of our performance and
growth despite SARS epidemic."

China has experienced explosive growth in PC sales for the last 10 years from
670,000 PC units sold in 1994 to about 10,310,000 units in 2003. IDC (
www.idc.com ) predicts China`s PC sales will grow at 18-22% for the next 5
years, with sales reaching 19,800,000 PCs in 2006. Analysts with Gartner
research firm ( www.gartner.com ) believe continuing economic growth, government
IT spending and a maturing home PC market will be the three major driving forces
for steady growth. Gartner pointed out that PCs are high on the lists of "must
haves" after such basics as TV sets, refrigerators and washing machines for
urban Chinese.

About Hartcourt

The Hartcourt Companies, Inc. is an investment holding and developing company
specializing in the acquisition and development of private companies within
high-growth industries in China. Recent acquisitions of Hartcourt included 4
major PC marketers in China that have combined revenue of US$194 Million and net
profit of US$3.3 Million in 2002. Detailed information on Hartcourt can be
obtained via the company`s Web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of the
company to which this release pertains. The actual results of the specific items
described in this release, and the company`s operations generally, may differ
materially from what is projected in such forward-looking statements. Although
such statements are based upon the best judgments of management of the company
as of the date of this release, significant deviations in magnitude, timing and
other factors may result from business risks and uncertainties including,
without limitation, the company`s dependence on third parties, general market
and economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward- looking statement.

SOURCE The Hartcourt Companies, Inc.


CONTACT: Stokley Akers of The Hartcourt Companies, Inc.,
[phone], or fax, [phone], stokley.akers@hartc
urt.com

URL: http://www.shanghaihuaqing.com
http://www.hartcourt.com
http://www.prnewswire.com

Copyright (C) 2003 PR Newswire. All rights reserved.

-0-


KEYWORD: California
China
INDUSTRY KEYWORD: FIN
CPR
ITE
OTC
SUBJECT CODE: OTC

[Franz Beckenbauer]

...und einige Leute haben gelacht als ich meinte das HRCT im Jahr 2003 auf einen Gewinn von $ 2,5 Mio. kommen kann

[Rattlesnake]

ich habe auch gelacht. war doch auch ein grund, sich mal so richtig zu freuen...

Rattlesnake

[McCorry]

Das Hartcourt Voting auf

http://www.mccorry.de


aktueller stand:
HARTCOURTS SHAREPRICE END OF 2003
max. 0,50 $ 2.60%
0,51 $ - 1,00 $ 20.13%
1,01 $ - 2,50 $ 32.47%
2,51 $ - 5,00 $ 19.48%
over 5 $ 25.32%
Aktueller Zwischenstand: (154 Stimmen)
Diese Umfrage läuft vom 10.07.2003 - 10:17 bis 30.08.2003 - 22:00

grüße
MC

[McCorry]

http://www.hartcourt.com

die neue seite ist online.
it looks great.

grüße
MC

[spooky0815]

Lachen ist gesund!!!


...ganz nebenbei...die neue Website ist online:

http://www.hartcourt.com

$pooky

[jobser]

Danke für die Info´s über Hartcourt! Behalte meine noch, glaube wir sehen bald die 1€ Marke.

[McCorry]

der deutsche Newsletter Nr. 3 ist online !!!

ab sofort könnt ihr euch den newsletter von meiner seite ziehen.
im moment kann ich ihn leider nur im .rar-format zur verfügung stellen -sorry-
http://www.mccorry.de

[McCorry]

German Newsletter auf .zip

so, jetzt könnt ihr euch den newsletter doch als .zip-datei ziehen. falls ihr ein entpacker-programm braucht, habe ich ebenfalls ein link auf meine seite gesetzt. der entpackt alles; .rar .zip und und und

grüße
MC
http://www.mccorry.de

[flipflop]

Halle Leute,

eine kurze Frage zu den Zahlen von HuaQing:

Umsatz Gesamt 2002 = 539 Mill.RMB (65 Mill.US$)
Gewinn Gesamt 2002 = 7,7 Mill.RMB (0,94 Mill.US$)

Umsatz 1.Q 2003 = 103 Mill.RMB (12,5 Mill.US$)
Gewinn 1.Q 2003 = 1,1 Mill.RMB (0,13 Mill.US$),

also nur etwas weniger als ein fünftel des Vorjahresumsatzes und ein siebtel des Vorjahresgewinns.

Sieht doch erstmal nicht so richtig überzeugend aus, oder ?
Gibt es dafür Erklärungen ?

Vielen Dank für Eure Antworten und immer weiter steigende Kurse.

Gruß
ff

[new_investor]

@flipflop

Stell dir vor es gibt Unternehmen die machen in 2-3 quartalen 70-80% ihres Jahresumsatzes.

Schau mer mal

ps: 1 quartal ist wie bei vielen anderen Unternehmen auch nicht die stärkste

[Rattlesnake]

hi flipflop,

genauso habe ich das gestern zunächst auch gesehen. das PC-business an sich scheint aber übers jahr sowohl in die eine als auch in die andere richtung zu schwanken.

das beispiel von dir:

Umsatz Gesamt 2002 = 539 Mill.RMB (65 Mill.US$)
Gewinn Gesamt 2002 = 7,7 Mill.RMB (0,94 Mill.US$)

Umsatz 1.Q 2003 = 103 Mill.RMB (12,5 Mill.US$)
Gewinn 1.Q 2003 = 1,1 Mill.RMB (0,13 Mill.US$),

also nur etwas weniger als ein fünftel des Vorjahresumsatzes und ein siebtel des Vorjahresgewinns.


andererseits:

Umsatz 1.Q 2003 = 12,5 Mill.US$
Umsatz März 2003 ca. 5,x Mio.US$ (das wissen wir aus den q1-zahlen, da hier der märz-monatsumsatz von huaqing enthalten war)
huaqing hat also alleine im märz mehr als 40% seines q1-umsatzes gemacht.
hochrechnungen (sowohl negativ als auch positiv ausfallende) scheinen also keinen sinn zu machen. dadurch lässt sich das geschäft zwar schwerer vorhersagen, dafür kann man aber bei jedem neuen quartalsbericht mit überraschungen rechnen. das hält uns in schwung, erhält die spannung und macht die aktie irgendwie cool & sexy...

Rattlesnake

[flipflop]

Vielen Dank für die Antworten.

Dann schauen wir doch mal, was noch so alles kommt.

Gruß
ff

[Rattlesnake]

hartcourt hat seit gestern eine neue webseite online gestellt. es lohnt sich:

http://www.hartcourt.com


Rattlesnake

[McCorry]

http://www.hartcourt.com

Hartcourt Voting:

HARTCOURTS SHAREPRICE END OF 2003
max. 0,50 $ 2.47%
0,51 $ - 1,00 $ 20.37%
1,01 $ - 2,50 $ 30.86%
2,51 $ - 5,00 $ 20.37%
over 5 $ 25.93%
Aktueller Zwischenstand: (162 Stimmen)
Diese Umfrage läuft vom 10.07.2003 - 10:17 bis 30.08.2003 - 22:00

kommt leute, wer hat noch nicht abgestimmt??


http://www.mccorry.de

GOOO HRCT GOOOO !!!!

MC

[Franz Beckenbauer]

NEWS
Hartcourt Completed the NewHuaSun Acquisition
Monday July 21, 2:00 am ET


LOS ANGELES, July 21 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), http://www.hartcourt.com , today announced that it has received all governmental approval and has completed the acquisition of NewHuaSun Computer Co. Ltd. as per the signed agreement dated 24 April 2003. Since it has also obtained the voting proxy for an additional 10 percent of outstanding shares of NewHuaSun, it has control of the Board of Directors and will be able to consolidate 100 percent of NewHuaSun revenue and 45 percent of its net profit.
ADVERTISEMENT


In 2002, NewHuaSun recorded sale revenue of 455 Million RMB (US$55 Million). It was recently voted by PC Online as the Top Computer Marketer in Southern China, occupying a 26.7 percent share of the local market ( www.pconline.com.cn ). NewHuaSun, founded in 1998, specializes in the marketing and distribution of PC and other digital products. The company owns and operates 5 flagship stores and service centers, as well as 60 affiliated stores in Guangdong, Guangxi, Fujian, Hunan and Hainan provinces, serving customers with latest computer hardware, software, technical services and digital products.

In addition to NewHuaSun, Hartcourt has completed the acquisition of HuaQing and GuoWei, and recently acquired Wenzhou ZhongNan Computer Group. In 2002, the 4 companies reported total revenue of US$ 194 million and net profit of US$ 3 million.

China has experienced explosive growth in PC sales for the last 10 years from 670,000 PC units sold in 1994 to about 10,310,000 units in 2003. IDC ( www.idc.com ) predicts China`s PC sales will grow at 18-22% for the next 5 years, with sales reaching 19,800,000 PCs in 2006. Analysts with Gartner research firm ( www.gartner.com ) believe continuing economic growth, government IT spending and a maturing home PC market will be the three major driving forces of steady growth.

More details on NewHuaSun and the PC market in China could be obtained from Hartcourt website www.hartcourt.com or NewHuaSun website www.newhuasun.com.cn .

Mr. David Chen, President and CEO of Hartcourt, commented: "There are always plenty of uncertainties in M&A transactions, particularly in China where governmental approval is critical. We are happy to complete three out of three announced acquisitions during Q1 and Q2 of 2003. As a result, the financial report of Q2 will mark a new beginning of a profitable era for Hartcourt. We look forward to expand further in Q3 and Q4 to build a strong foundation for the coming years. At the same time, we shall set a higher standard of corporate governance and transparency."

About Hartcourt

The Hartcourt Companies, Inc. is an investment and development company focusing on the acquisition and consolidation of fast-growing IT companies in China. Detailed information on Hartcourt can be obtained via its web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.




--------------------------------------------------------------------------------
Source: The Hartcourt Companies, Inc.

Quelle: I-Hub

[new_investor]

Wurde auch Zeit das NewHuasun Deal abgeschlossen wurde. Damit kommt der Mai-und Juniumsatz mit ins Q2 Report.

Meine Prognose:

HuaQing = 3 Monate ca. 15 Mio
NewHuaSun = 2 Monate ca. 8,5 Mio
GoWei = 2 Monate ca. 8 Mio
Hartcourt = 3 Monate 0,5 Mio

Gesamt ca. 32 Mio Umsatz.

Wie sind eure prognosen?

Schau mer mal

[new_investor]

ps: Übrigens rechne ich mit 0,2 Mio Gewinn !

Schau mer mal

[new_investor]

July 28th, 2003

Shareholder Q&A FOR JULY 03

Q. How does Hartcourt get around the PRC`s restriction of foreign ownership of Chinese companies only being a maximum 49%?

A. Restriction doesn`t apply to all industries and it is in constant revision. As for the IT distribution industry, PRC government allows, under WTO commitment, 50% foreign ownership by the first WTO anniversary on 11th Dec 2002, controlling foreign ownership no later than 11th Dec 2003, and 100% foreign ownership no later than 11th Dec 2004.

Q. Would you comment on the HuaQing first quarter revenues/earnings? Are they not substantially lower than expected?

A. Please note that IT product distribution is seasonal and the best quarter is usually Q4. We only consolidated one month of HuaQing in Q1, so there should be adjustments for annualized sales and profit.

Q. Please post Chinabyte`s write up or link in English about HRCT as it is always nice to read from an outside source. "Chinabyte", the leading IT magazine, described Hartcourt as `China`s Emerging PC Marketing Leader in China."

A. We will translate the article and post it on our web site for those who are interested.

Q. Will there be an early PR about Q2 numbers B/4 Aug 15th and does management still expect those numbers to be good for shareholders?

A. We will file Q2 no later than 15th August. Of course, there will be a PR about Q2 results when we file.

Q. Assuming Hartcourt will show terrific growth and profits for Q2 and Q3, will our listing on the OTC hold any institutions or funds back from investing in Hartcourt?

A. We think a sustainable strong financial performance will attract institutional investors, even if we are on OTC exchange.

Q. How close to completion is the Sinobull/Genius merger?

A. We expect the deal will be completed within the current quarter.

Q. Any chance HRCT getting off OTC BB? Provided HRCT does have plans to list on another exchange, which exchange will they target?

A. We plan to apply for listing on other exchanges, domestic and overseas, in 2004.

Q. What prevents the Hartcourt Companies from applying for a listing on another exchange (other than share price)? If there is an "uncontrollable" variable that has prevented HRCT from getting off of the OTC BB, what is the variable?

A. We are not aware of any variables.

Q. Is HRCT considered a "China company" or an "American-based Company" doing business in China?

A. Hartcourt is a US listed company with its main operations in China.

Q. Does management expect to get the 2 QTR earnings in to the SEC EARLY and not wait till August 15th at 4 PM, thus not making the shareholders sweat another E on the end of our ticker symbol??

A. We have learned from our mistakes and we will file as early as possible.

Q. On Hartcourt purchased additional 6 percent of HuaQing: My question is this: How does 1/8 of the stock (i.e. 6/45) cost over 1/3 (i.e. 2.2 mil/860 K) the original purchase price? 45% for roughly $2.2 Million in stock and 6% for roughly $860K in stock. All this for only 60K in profit?

A. As expressed earlier, the IT product distribution business is seasonal, so we cannot base the valuation on profit of one quarter. Besides, the additional 6% is very strategic for Hartcourt as we shall have absolute control without requiring additional proxy. Actually, due to the appreciation of our share price, the number of shares paid for the controlling 6 percent are 75 percent less than the original number of shares paid for the 45 percent.

Q. How far along is the GTI merger with Sinobull? Completed?...Since Stephen Tang is a big part of developing Sinobull will he stay with Hartcourt or will he move on with the newly formed company?

A. Mr. Stephen Tang has served as Hartcourt director for the last 2 year and he is nominated again for 2003/04 as an independent director. He`s not involved in daily operations of Sinobull.

Q. If/When HRCT decides to move to a bigger exchange, are they leaning toward reverse merger or the application route to gain access?

A. We will consider all available options when the time comes.

Q. The Business strategy says, "Hartcourt will continue to evaluate the growth prospects for each specific industry sector on an on-going basis in order to determine the optimal holdings of any its portfolio company as well as to refine its acquisition strategy going forward". What other specific industries beside PC sales is HRCT currently looking to acquire companies? Has the process gone past the PC plan or will HRCT remains focused on only one direction for the present? How far along is HRCT acquisition plan? 25 percent? 50 percent? With the speed at which HRCT has acquired the first four companies, how long do you believe it will take to finish the acquisition process?

A. We will be focusing on the current line of business until we reach the market position of being The Top Three in China. We hope to achieve this objective by 2005. As an investment holding and developing company, we have to evaluate our strategy from different perspective and market condition to maximize returns to shareholders.

Q. With SARS subsiding and people going back to a normal routine, business wise how does the advertising side of HRCT revenues factor percentage wise into their earnings. Has this picked up substantially and has HRCT advertised itself in China with the 4 recent acquisitions so as to let the masses know of itself and its growth and future as to becoming China`s #1 PC distributor.

A. Hartcourt doesn`t advertise to consumers. However, all of our subsidiaries advertise directly to the consumers regularly. On our PR campaign in China, Hartcourt will host a luncheon celebrating our 20th Anniversary on 7th August 2003 at the Four Seasons Hotel in Shanghai. Over 150 dignitaries in government, business and media are invited.

Q. Is HRCT looking to fill management positions? Have they been successful? What positions do they need to fill?

A. We are currently looking for a experienced world-class CFO to strengthen our internal audit control and set higher standard for corporate governance. We have added a few more executive positions in Shanghai, including an in-house legal counsel.

Q. Do you find that doors are opening up for HRCT more easily now that HRCT has broken through and completed these acquisitions? Or is it still a very difficult process to deal with the government and endless regulations?

A. Our recent acquisitions have attracted plenty of attentions in the industry and given us excellent credibility. We plan to leverage these advantages to complete our objective earlier than projected. However, there will always be difficulties and challenges on all fronts.

Q. If you are to rate HRCT success for 2003 on a scale of one to ten how would you rate it? Everything included top to bottom.

A. We will leave the rating to you, our shareholders.

Q. Is there any one problem area that you think HRCT could do better at in the future? Whether it involves deal making, investor perception, expansion problem for the new stores, if any...

A. We don`t think that we will focus on improving just "one area". Hartcourt has to be a first-class operation in all aspect. It will be a long struggle filled with obstacles and challenges. However, we think the future is very exciting for us. And we believe that you will be just as excited.

Q. How long is your personal timeline to make HRCT the company you want it to be? The day where you can finally take a step back and say, "this is what we imagined HRCT could be when we first started"…

A. Success is a life long struggle. We will always strive to surpass and reset our goals and challenges. We plan to be The Top Three in our current business in 3 years. Afterwards, there will be other mountain top to be conquered.

Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[new_investor]

Ja wo schließen wir den heute?

Schau mer mal

Last: 0.870
High: 0.870
Low: 0.740
Open: 0.750
Change: +0.14
Volume: 1,269,000


Bid: 0.860
Ask: 0.870
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 19.1%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A

14:30:15 0.870 300 OTCBB
14:30:08 0.870 500 OTCBB
14:29:58 0.870 500 OTCBB
14:29:35 0.860 5000 OTCBB at Bid
14:28:55 0.860 500 OTCBB at Bid
14:28:54 0.860 9800 OTCBB at Bid
14:28:36 0.865 5000 OTCBB
14:28:33 0.865 2500 OTCBB
14:27:24 0.865 2500 OTCBB
14:26:18 0.860 1200 OTCBB

[jobser]

Was ist heute los? Gibt es neue Nachrichten, die ich wissen sollte? Was meint Ihr, hält der Kurs oder geht er gen Süden, was ich nicht hoffe!


Gruß jobser

[new_investor]

Die Q2 Zahlen stehen an und vom Hrct-Mgmt. wurde mehrmals ein Rekordergebnis mit Gewinn in aussicht gestellt!
Nebenbei rollt die Aquisitionszug weiter !!


Ziel 2,50 $ bis ende 2003 oder früher

Schau mer mal

Last: 0.895
High: 0.895
Low: 0.740
Open: 0.750
Change: +0.16
Volume: 1,460,200


Bid: 0.545
Ask: 0.895
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 22.6%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A

14:49:44 0.895 500 OTCBB at Ask
14:47:58 0.885 2500 OTCBB
14:47:45 0.885 7000 OTCBB
14:47:40 0.885 3000 OTCBB
14:47:40 0.890 3000 OTCBB at Ask
14:47:18 0.885 6500 OTCBB
14:47:04 0.890 2500 OTCBB
14:46:19 0.885 2500 OTCBB at Bid
14:45:20 0.890 5000 OTCBB at Bid
14:44:51 0.895 2500 OTCBB

[new_investor]

Und weiter!

Last: 0.900
High: 0.900
Low: 0.740
Open: 0.750
Change: +0.17
Volume: 1,650,900


Bid: 0.850
Ask: 0.950
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 23.2%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A

[new_investor]

Huii da gehts aber ab!!

Last: 0.910
High: 0.920
Low: 0.740
Open: 0.750
Change: +0.18
Volume: 1,737,400


Bid: 0.680
Ask: 0.910
Bid/Ask Size: 2,500 / 2,500


52 Wk High: 1.120
52 Wk Low: 0.046
%Change: 24.6%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


15:05:13 0.910 1000 OTCBB at Ask
15:04:52 0.900 7500 OTCBB
15:04:35 0.910 7000 OTCBB
15:04:23 0.910 2500 OTCBB
15:04:23 0.920 2500 OTCBB
15:04:16 0.910 2500 OTCBB
15:04:14 0.900 20000 OTCBB at Bid
15:04:03 0.910 2500 OTCBB
15:04:01 0.910 5000 OTCBB
15:04:01 0.910 4500 OTCBB

[covino02]

[rohrberg]

in usa gestern 0,89$ +21% 1400000 stck umsatz

[new_investor]

Sehen wir diese Woche die 1$ Marke??

Mein Kursziel 2,50$ ende 2003 oder früher!!!

Schau mer mal

[covino02]

Diese Woche ist auf jeden Fall die 1 $ Marke drin...

...vielleicht heute schon?!

Mfg
Covino02

[Andreolly]

@all

Wann stehen die Zahlen an???

[new_investor]

Die Zahlen sollen lt.Hrct-Mgmt pünktlich erscheinen.(deadline 15.August)

Schau mer mal

[haegar123]

Moin,

so langsam wird es ruhig, so ruhig, wie wie vor einem Sturm. Nächste Wochen kommen die Zahlen, darauf die Woche die HV. Wenn keine Kapitalerhöhung geplant ist, sollte der Kurs noch Potential nach oben haben.
Rein Charttechnisch stehen fast alle Indikatoren auf buy.
Kommt da noch eine PR ?

Bin ja gespannt, ob die Hartis wirklich zum erstenmal ein positives Ergebnis ausweisen werden. Wäre ja nicht schlecht. Oder gibt es noch eine Leiche im Keller ?

Gruß haegar

[new_investor]

Hartcourt Reports Profitable Second Quarter

LOS ANGELES, Aug 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today reported financial results for the second quarter of 2003. Revenues for the quarter were $ 28,112,109 as compared to $1,795,965 for the same quarter of 2002. Hartcourt recorded a net profit of $463,387 or $0.004 per share, as compared to a loss of $1,061,185 during the same quarter of 2002.

The increase in revenue was due to the consolidation of two-month operation of NewHuaSun and Guo Wei and three-month operation of HuaQing. Revenue of ZhongNan, a recent acquisition, would be recorded in Q3. The cash position has improved from $79,845 as of 31 December 2002 to $6,085,682 as of 30 June 2003. The current ratio of assets over liabilities remains positive.

Mr. Richard Yan, Acting CFO of Hartcourt, comments, "The positive trend should continue in Q3 and Q4 as new acquisitions are coming on stream. Our financial priorities now are building a stronger cash position and to strengthen our internal audit control to prepare for 2004. That will be a crucial year to achieve the ambitious goal of our business strategy."

Since February 2003, Hartcourt has acquired controlling interest of HuaQing, NewHuaSun, GuoWei and ZhongNan, all top PC marketers and distributors in China and dominant players in their own geographical areas. The combined revenue in 2002 of these subsidiaries was US$181 Million with a net profit of US$3.1 Million. IDC expects the PC market in China to grow an average of 18-22% percent from now to 2006.

The company marks its 20th anniversary on August 7th, 2003 by hosting a reception at the Four Seasons Hotel in Shanghai. Over 150 dignitaries from IT industries, multi-nationals, financial institutions, government and media are expected to attend the event.

About Hartcourt

The Hartcourt Companies, Inc. is an investment and development company focusing on the acquisition and consolidation of fast-growing IT companies in China. Detailed information on Hartcourt can be obtained via its web site: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.

SOURCE The Hartcourt Companies, Inc.


CONTACT: Stokley Akers of The Hartcourt Companies, Inc.,
[phone], or fax, [phone], [e-mail]

URL: www.hartcourt.com
www.prnewswire.com


Copyright (C) 2003 PR Newswire. All rights reserved.

-0-



KEYWORD: California
New York
INDUSTRY KEYWORD: FIN
CPR
OTC
SUBJECT CODE: ERN
OTC

STOCK SYMBOLS: [(hrct)]

[Lloret]

HRCT wird heute rennen! EOM

[fhr]

das wirds heute - schnelle 30 %

[haegar123]

Hey, was denn ? Das war ich nicht. Ist ja ein Ding.

Gratulation zum Jubiläum.



Erstes profitables Quartal bei Rekordumsätzen und steigenden Erartungen, die schon sicher sind.

Mensch, ich kanns kaum glauben. Nach so langer Zeit ist es nun soweit. HRCT hat es geschafft. Meine Verehrung.

gruß haegar

[fhr]

HARTCOURT COMPANIES - Nasdaq OTC BB: HRCT
Quote, Profile, News, Options, Time&Sales, MultexInvestor, Conference Calls, Chart, MessageBoard, Remove from WatchList
Time & Sales most recent next page
Rec. Time Action Price Volume Exch.
9:38:00 AM Trade 0.82 1000
9:37:52 AM Trade 0.8 3000
9:37:46 AM Trade 0.82 2500
9:37:44 AM Bid 0.8 2500

[fhr]

HARTCOURT COMPANIES - Nasdaq OTC BB: HRCT
0.84 0.10 (13.51) 0.84 (25) 0.85 (25) 09:41 98,800
Last Size Open High Low Latest Ticks # of Trades

[fhr]

@new_investor


Hartcourt recorded a net profit of $463,387

[haegar123]

Lese ich da richtig ?

The positive trend should continue in Q3 and Q4 as new acquisitions are coming on stream

Yep

[fhr]

und in amiland gehts abwärts - manche haben sich wohl von den zahlen mehr versprochen

[fhr]

stopp loss wippe oder was

[haegar123]

Ab wann wird Masse zur Qualität ? Bezogen auf den UMSATZ natürlich

[haegar123]

#fhr

wir haben noch nicht einmal das Durchschnittsvolumen erreicht. Da wollen halt noch ein paar rein und manche machen den sellongoodnews.

gruß haegar

[fhr]

@haegar123

10:43:24 AM Ask 0.79 2500

deine einschätzung stimmt - sie kommt gerade wieder zurück -

[new_investor]

Nicht schlecht!!

Umsatz: $28 Mio
Gewinn: $0,46 Mio
Und das Beste: CASH: $6,085,682 !!!!!!!!

Mr. Richard Yan, Acting CFO of Hartcourt, comments, "The positive trend should continue in Q3 and Q4 as new acquisitions are coming on stream. Our financial priorities now are building a stronger cash position and to strengthen our internal audit control to prepare for 2004. That will be a crucial year to achieve the ambitious goal of our business strategy."

Morgen kommen neue Investoren und eventuell neue Aqusitionen?

The company marks its 20th anniversary on August 7th, 2003 by hosting a reception at the Four Seasons Hotel in Shanghai. Over 150 dignitaries from IT industries, multi-nationals, financial institutions, government and media are expected to attend the event.

Super aussichten!!

Kursziel 5,00 $ ende 2003 oder früher

Schau mer mal

[new_investor]

Financial News USA: HotStockChat.com reports on OTC/OTCBB stocks on themove and stocks of interest for August 6, 2003

Virginia Beach, VA, Aug 06, 2003 (M2 PRESSWIRE via COMTEX) -- HotStockChat.com scans of moving stocks on the OTCBB and Pink Sheets revealed a short list of stocks on the move today.

Volume is light on the OTCBB.

Among Stocks of interest today, The Hartcourt Companies, Inc. (OTCBB: HRCT), reported financial results for the second quarter of 2003. Revenues for the quarter were $ 28,112,109 as compared to $1,795,965 for the same quarter of 2002. Hartcourt recorded a net profit of $463,387 or $0.004 per share, as compared to a loss of $1,061,185 during the same quarter of 2002. The stock is up nicely on this news. XRAYMEDIA.COM (OTCBB: XRMD) has broken out of a narrow trading range with news this morning. The Company announced that the Company released its 3rd quarter guidance for sales and profitability. . XRAYMEDIA.COM now sees transactions for the 3rd quarter in excess of $100 million and gross profits of between $5-10 million. Network Installation Corp. (OTCBB: NWIS) announced today the execution of a partnership agreement with FTS Wireless, Inc. (OTCBB: FLIP), Network Installation Corp. is up another $2.00 in early trading today. This stock has moved from around .50 to $5.95 over the last 6 trading sessions. And, HiEnergy Technologies, Inc., (OTCBB: HIET) is moving higher this morning.

These stocks and many more will be discussed by Kurt Schemers, host of TradersNation.com and Co-host Tom Allinder of HotStockChat.com on the Traders Nation Radio Show at www.tradersnation.com/radio.shtml aired at 11:00AM EDT every weekday morning. The entire list of stocks mentioned during the show can be seen at www.hotstockchat.com shortly after the end of the radio show.

Today`s Statistics for the OTCBB as of 10:20AM EDT are as follows: Advancing Issues: 271 Declining Issues: 290 Unchanged Issues: 256 New Highs/New Lows: 15/7 Total Volume: 70,449,400

About HotStockChat.com

HotStockChat.com is a media and information site dealing with the OTCBB, AMEX and NASDAQ stock markets. HotStockChat.com produces quality and timely audio content that is unique and offers market participants and investors a different look at the markets. Audio interviews are regularly conducted with company officials as well as individuals associated with the stock markets. Market statistics and updates on individual stocks of interest are transmitted to HotStockChat.com subscribers daily via email and stocks mentioned during the radio show at TradersNation.com are posted at www.hotstockchat.com by noon each weekday.

About TradersNation.com

TradersNation.com is a leader in the small cap community for providing syndicators and website visitors current market trend commentary and delivering that content via an audio program produced `LIVE` Daily. Outside markets are also covered with breaking news and interviews of newsmakers. Traders Nation is currently syndicated online with 87 sites carrying the program. Traders Nation is available through an embedded link titled "Radio" via the Media button in the financial software, Quotestream, that when clicked will transport the end user to a pre-determined web page hosted by TradersNation.com and can also be heard on RagingBull.com and other Lycos family sites with an average visitor rate of 500,000+ a month.

The above news release may contain forward-looking statements and/or announcements. The list of stocks on HotStockChat.com`s "scans" and "stocks of interest" are for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities of the companies listed in this news release or on the web site at www.hotstockchat.com.

HotStockChat.com is a services and advertising company only. HotStockChat.com is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing any stock of any company listed in news releases, interviewed and/or profiled at www.hotstockchat.com . HotStockChat.com features interviews and profiles of publicly traded companies. In most cases we are compensated for the services rendered by a third party on behalf of the company.

HotStockChat.com has no position in any company mentioned in this news release. HotStockChat.com`s associates may have bought or may buy the shares of stocks that we profile/interview or list in news releases and may profit in the event those shares rise in value. HotStockChat.com regularly updates our disclaimer page and will post how many shares sold of any given stock that we have profiled or interviewed. Additionally, HotStockChat.com will not offer any opinion as to when others should sell; each investor must make that decision based on their own due diligence of the company.

CONTACT: Tom Allinder, HotStockChat.com Tel: [phone] e-mail: [e-mail] WWW: www.hotstockchat.com Kurt Schemers, TradersNation.com Tel: [phone] e-mail: [e-mail] WWW: www.tradersnation.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at www.presswire.net on the world wide web. Inquiries to [e-mail].



(C)1994-2003 M2 COMMUNICATIONS LTD

[Franz Beckenbauer]

@ new investor

5 $ an einer NORMALEN Börse gut möglich !!! Aber an der OTC ??? Wenn wir 2 $ sehen freue ich mich auch schon !!! Den grossen Kursanstieg sehen wir vermutlich nur an einer RICHTIGEN Börse !! Man hat den Eindruck das die Kuh Hartcourt, die so viele Male von den MM´s gemolken wurde nicht von der Weide gelassen wird !!

[flipflop]

Immer mir der Ruhe,
nun warten doch einige schon jahrelang, bzw. haben einen Hype ja schon richtig mitgemacht und sind entweder clever gewesen um rechtzeitig auszusteigen und später wieder einzusteigen oder (wie ich) haben gehalten und gehofft.

Nun sind wir doch endlich soweit, dass wir Unternehmensanteile von einem GEWINNbringenden Unternehmen besitzen. HRCT hat alles eingehalten, was versprochen wurde und die Zukunft kann doch eigentlich nur noch positiv aussehen. Mit weiteren Aquisitionen und Geduld haben wir auch bald die Kurse die gerechtfertigt erscheinen. Ein Wechsel an eine andere Börse wird doch eigentlich erst dann richtig interessant.

Ich freue mich jedenfalls, dass die Ankündigungen gehalten wurden und bin sicher in 5 Jahren mit dickem, dickem Plus einen kleinen Teil meiner Anteile verkaufen zu können.

Gruß
ff

[haegar123]

Welch besonnene Worte flipflop

Charttechnisch ist alles noch im grünen Bereich und wenn die Investoren das filing abwarten wollen, ist da auch nix gegen einzuwenden.
Rein ökonomisch betrachtet, werden die Hartis sich schwer tun, nicht am chinesischen Wachstum teilzunehmen. Im MOment tun sie es ja schon und das mittlerweile mit einem, wenn auch bescheidenen, Gewinn. Selbiger aber in absehbarer Zeit ansteigen sollte. Und eine Aquisition kommt dieses Jahr bestimmt noch, was den Preis noch ein wenig nach oben treiben sollte.
Das einzige, was gegen einen Kursanstieg imo spricht, wäre eine Kapitalerhöhung ohne Beteiligung der Kleinaktionäre also eine Genehmigung von Options durch die GF auf der HV.

Aber wird sich ja in spätestens 2 Wochen herausstellen

gruß haegar

[Fuchsie]

Hier nun noch eine tolle Nachricht von unserer Dividende ElephantTalk!


ElephantTalk Partners With GD Belton for Nationwide Fiber Optic Network Access in China
Thursday August 7, 1:30 am ET
Company to Expand Value-Added IP Services in Greater China


HONG KONG, Aug. 7 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (OTC Bulletin Board: ETLK - News), today announced they have entered into partnership with Guangdong Belton Telecommunications Technology Development Co., Ltd. (Belton) to gain access to a nationwide fiber optic network in the People`s Republic of China. The Company plans to utilize the network for launching new Internet protocol (IP) based services, as well as enhancing its existing IP based value-added services in Greater China -- PRC, Taiwan and Hong Kong.

With this agreement ElephantTalk (www.elephanttalk.com) will acquire a fifteen year right of access and purchase rights for controlling ownership in Belton`s (www.belton.net.cn) PRC nation-wide fiber optic network, a state-of-the-art 9,000 km nationwide fiber optic backbone network valued at approximately $200 million in 2002. This agreement will allow the company to immediately begin competitive development of its various IP-based valued added services in the region and to enhance provision of services to it`s existing client base that includes; France Telecom, PLDT, MCI, Taiwan Telecom conglomerate NCIC, New World Telecommunications, Wharf T&T, and China Unicom.

Belton is a PRC nation-wide broadband services provider leading development of a comprehensive broadband network across the major cities of China and is quickly establishing its IP and telecommunications services. Established in 1999, Belton is a private company that holds PRC nation-wide ISP, ICP, VSat, and Call Center licenses.

"ElephantTalk looks forward to employing this additional fiber optic access to increase our presence as well as strengthen our foothold for IP value added services in the under served areas of China`s vast telecom market," said Mr. Russelle Choi, President and CEO of ElephantTalk. "This is another important step in our strategy to enter new markets and to offer higher margin IP services in areas of Greater China where the demand for connections to international destinations rank among the highest in the region. Our Company has installed packet-switched technology in its infrastructure and will provide these IP-based services through its privately managed IP networks. We are developing our strategies to capture market share in the expanding and untapped telecom markets of Greater China and Asia, and ElephantTalk is building a leading global Internet Telephony Service Provider (ITSP), focused on the deployment of IP-based communications."

ElephantTalk will integrate this new backbone access with its existing worldwide telecommunications network, and sophisticated software and technology platforms, to expand its range of higher margin IP services and to increase its market share in the Greater China region. This agreement expedites ElephantTalk`s strategy of developing a comprehensive nationwide fiber optic network in Mainland China to better serve the fastest growing telecommunications market in the world. The Company has reached expanded reseller and cross branding agreements for various IP-based services with a number of China`s incumbent telecom operators.

About ElephantTalk

Elephant Talk Communications, Inc. is a leading telecommunications company located and operated in Hong Kong with offices in California and Singapore, and with switching facilities in China, Hong Kong, US and Singapore. ElephantTalk operates international long distance, voice, fax, data and VoIP services on both sides of the Pacific to over 220 foreign destinations, through an advanced and scaleable network. More information on ElephantTalk can be found at www.elephanttalk.com.

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

For further information please contact: Roxana Yung of Elephant Talk Communications, Inc., (852) 2 707070 3, or fax, (852) 2 707070 7, [e-mail] or [e-mail].




--------------------------------------------------------------------------------
Source: Elephant Talk Communications, Inc.

Mit den besten Grüßen Fuchsie

[haegar123]

fuchsie,

du kannst einem einen verschlafenen HRCT-Tag wirklich versüssen.

merci beaucoup

gruß haegar

[haegar123]

Da scheint dann doch noch eine Leiche im Keller zu liegen, anders kann ich mir den Kursverlauf nicht erklären. Na, egal, jetzt habe ich die Dinger schon über 3 Jahre nu kann ich auch noch mal dreie warten.

gruß haegar

[Prinz_von_Burnei]

@ von haegar123

sag mal, kannst du dein Geld denn nicht besser plazieren, als es dort auf die Wartebank zu schieben ??
Gruss
Prinz

[haegar123]

Oh mein prinz,

könnte ichs, so wäre ich doch nicht mehr hier im Board sondern da, wo ich glücklich und zufrieden mein Dasein fristete.
so aber bin ich auf gedeih und Verderb verbunden mit diesem Wert, muß gar Zins und Tilgung damit tragen würds sonst auch nicht wagen doch steht hier dem Risko eine Chance entgegen die mich meiner Meiner nach nicht lässt stehen im Regen wie Banken, Familie und sonstige Helfer
doch gibts auch kein Grund für unnötiges Gebelfer
schreib nur ab und zu meine Sprüchlein hier rein
damit meine Hoffnung ist nicht ganz so allein

gruß haegar

[Arzgebigler]

#243
Grüße von Arzgb.

[profibulle]

...jetzt wird hrct auch in deutschland richtig bekannt.
um 10:31h meldung von dpa-afx zu den zahlen von q2.
habe vorher noch nie `ne meldung auf meinem schirm aus dieser quelle zu hrct gesehen.kann nicht schaden!!!
ich verstehe zwar nicht, dass die zahlen so spurlos am kurs vorbeigegangen sind, aber egal.ich muss ja auch nicht alles verstehen. aber die ausssage von cfo yan:"der positive trend sollte im dritten und vierten quartal fortgesetzt werden können,da weitere akquisitionen folgen werden.unsere finanziellen prioritäten liegen jetzt in der bildung einer grösseren cash-position....." lässt mich sehr beruhigt in die nahe zukunft sehen.
weiterhin wird von "martbeherrschenden unternehmen in jeweiligen geografischen regionen" geschrieben, wenn es um die neuen beteiligungen geht. sie werden als"alles erstklassige pc-vermarkter" beschrieben.
was will man mehr? es grüsst der profibulle

[Rattlesnake]

mal sehen, was passiert, wenn das offizielle filing kommt. bis jetzt ist das ganze ja nur als pressemitteilung raus.

Rattlesnake

[Rattlesnake]

Chinas Industrieproduktion steigt im Juli um 16,5 Prozent

Das chinesische Statistikamt in Peking hat am Montag die Daten zur chinesischen Industrieproduktion für den Monat Juli bekannt gegeben.

Demnach ist die Industrieproduktion im Reich der Mitte im Berichtsmonat gegenüber dem Vorjahr um 16,5 Prozent gestiegen. Im Vormonat hat die Industrieproduktion gegenüber dem Vorjahr um 13,7 Prozent zugelegt. Weiter teilte das Statistikamt mit, dass von Januar bis Juli der Produktionszuwachs 16,4 Prozent betragen habe.

Einer der großen Gewinner des Chinabooms sind die Automobilhersteller. So stieg die Automobilproduktion im Juli gegenüber dem Vorjahr um 71 Prozent auf 171.000 Fahrzeuge. Die Zuwachsrate bei Computern war auf Jahressicht mit 76,6 Prozent noch stärker ausgefallen.

[Tradershark]

Was ist das los, schlafen die alle!!!

Hammerzahlen von Hartcourt!!!

Umsatz versechzehnfacht!!!!
Gewinn pro Aktie 0,004 US$ gegen über von 0,009 US$ Verlust
im Vorjahr!!!!

Und es rührt sich nichts!!

Sharky

[haegar123]

#248

Dat kann nur die Ruhe vor dem Sturm sein. Bei 6 mio$ cash in de Täsch muß wat jutes vorjefallen sin. Bis jetzt hätt evver noch kinne jefracht wo die her kumme.
Müsse mer halt waade bis der Pfeil die SEC trifft.
Ich verstehe den kursverlauf sonst auch nicht.
Umsätze ziehen auch leicht an heute. Also da kütt no jet.

Jeduld leeven Jung

gruß Haegar

[2002buyer]

Das man bereits nach sehr kurzer Zeit Kaeufer findet ist sehr unwahrscheinlich. Hartcourt muss in D`land einiges nachholen und dies erfordert etwas Zeit und Arbeit. Die naechsten guten Meldungen werden kommen und alle werden in D`land ueber diesen Service veroeffentlicht. Waehrend dieser Zeit versuchen wir uns zu etablieren und Hartcourt bekannt zu machen. Das Unternehmen ist sehr beeindruckend und dies wird von Finanzzeitschriften, Analysten und Investoren recht bald zur Kenntniss genommen.

Andi

[SYRAKUS]

http://www.finanzen.net/news/news_detail.asp?NewsNr=130607

[haegar123]

Ker, wat muss dat nen Sturm geben, wenn dat so ruhig wird.
Aber pro Tag ein posting sollte schon noch drin sein, gelle!

gruß haegar

[haegar123]

Nach einer ersten Durchsicht der Zahlen, verstehe ich nicht, warum der Kurs nicht steigt.
Das Portfolio wird bereinigt, also Altlasten beseitigt. Okay, da sind bestimmt noch ein paar kleinere Risiken versteckt. Kann bis jetzt aber keine größeren erkennen. Vielleicht ein anderer ?
Die Bruttomarge könnte besser sein, okay, aber die Netcash-Position spricht eigentlich für sich.
Aussichten könnten auch nicht besser sein als derzeit in China. Also, worin liegt die vorsichtige Bewertung begründet ?

gruß haegar

[Franz Beckenbauer]

@ haegar123

Liegt vermutlich an der Sch*** OTC-Börse

Aber wenn alles nach Plan läuft wechselt HRCT in spätestens 6 Monaten das Bösensegment !!!!!!

Bis dahin sehen wir noch ein gutes 3.tes und 4.tes Quartal in Verbindung mit weiteren Akquisationen !!

Mit diesem Futter ein Wechsel z.B. an die Nasdaq und du kannst dir das Feuerwerk ausmalen !!!!!

[Mr. Phan]

Es kommt der Tag da werden wir alle zufrieden zurück blicken . Und ein jeder wird sich fragen : Möchtest Du noch einmal arm sein ?

[11Nils]

Find das gabz schön komisch!
Am 15.5. diesen Jahres ist der Kurs explodiert(50% in 2 tagen)
Und die jetzt vorgelgten Zahlen sehen doch noch viel besser aus, von den rosigen Zukunftsaussichten mal ganz zu schweigen.
Oder liegt es daran, dass die Zahlen erst noch offiziel rauskommen müssen?
HAb zumindest gestern nochmal nachgekauft..

[Rattlesnake]

ich denke, du wirst es auch nicht bereuen. dennoch, ein bisschen zeit wirst du wohl noch investieren müssen. erst mehrere profitable quartale in folge mit steigendem umsatz und gewinn und steigender gewinnspanne sind der schlüssel zu einem langfristigen anstieg.
... und natuerlich eine vernünftige börse, aber da arbeitet hartcourt ja schon dran.

Rattlesnake

p.s. ich frage mich, was hartcourt auf der basis ihres PC-geschäftes aufbauen werden. ich glaube, da kommt noch was ganz großes!!

[wunderlich]

Hartcourt Subsidiary Signed Exclusive Contract With Haier Group
Company Answers Inquiries On Q2 Financial Results
LOS ANGELES, Aug 14, 2003 /PRNewswire-FirstCall via COMTEX/ --

The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that ZhongNan Computer Group, its subsidiary, has signed a contract to be an exclusive sales agent of Haier IT products in Zhejiang province. The one-year contract is estimated to add 30 to 50 Million RMB of revenue to ZhongNan.

With 30,000 employees and $72 Billion RMB in sales, Haier Group is one of the largest electronics and IT manufacturers in China. Its Chairman, Zhang Ruimin, was voted by "Fortune" magazine as one of the 25 most powerful executives in the world (see www.fortune.com). Details of Haier Group are available on www.haier.com .

On August 6th, 2003, Hartcourt reported a profitable second quarter with $US 28 Million in revenue and $463,378 in net profit. Since then, the company has received some inquiries on the actual meaning of these financial results. Mr. Richard Yan, Acting CFO, explains, "Despite the SARS epidemic, the sales revenue and the gross profit margin of Hartcourt subsidiaries remained unchanged in Q2. Actually, the net profit of these companies increased to 1.86 percent compared to 1.69 percent last year. However, when consolidating with Hartcourt expenses, the net profit was reduced, especially due to the legal and accounting fees associated with the recent acquisitions. On Hartcourt`s overhead cost, the amount was reduced to $313,177 in Q2, compared to $807,778 of last year. Taking into account the acquisition cost and the management expense of a much bigger entity, the savings were remarkable. On the sale of StreamingAsia, LogicSpace and SyndicateAsia, the purchase price was nominal; but Hartcourt could buy back these entities within 36 months at no cost. In effect, the deal was structured to allow the buyer to inject sufficient capital to revive these dormant entities. If they are successful, Hartcourt would benefit handsomely from the effort. Overall, we are very satisfied with the substantial progress made in our business plan. During last year`s shareholders meeting, we set our goal to be profitable in 2003 and to get ready for major expansion in 2004. We think we would meet the target."

About Hartcourt

The Hartcourt Companies, Inc. is an investment and development company focusing on the acquisition and consolidation of fast-growing IT companies in China. Detailed information on Hartcourt can be obtained via its web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.

SOURCE The Hartcourt Companies, Inc.

Stokley Akers of The Hartcourt Companies, Inc.,
[phone], or fax, [phone], [e-mail]

http://www.haier.com


--------------------------------------------------------------------------------
Copyright (C) 2003 PR Newswire. All rights reserved.
News provided by

[jobser]

Hallo Hartcourt-Freunde, bitte nicht vergessen, wo die Aktie vor einigen Monaten stand!!! und wie lange sie mit 0,05 usw. Ihr Dasein pflegte. Ich glaube, sie muss erst mal die großen Investoren überzeugen, dass es sich nicht mehr um eine Eintagsfliege handelt. UND WIR WERDEN UNS NO
CH ALLE SEHR SEHR FREUEN!!!

Gruss jobser

[haegar123]

Un wat mäd de kurs ? Eh fällt. Soll mich noch ens eener saache, dä Wirtschaft is rational.

gruß haegar

[new_investor]

Zusätzliches Umsatz 3,6 - 6 Mio. US$!!!

Wir können gespannt sein auf die kommenden News!!

Schau mer mal


Aus dem IHUB anke Rattlesnake
Hartcourt-Tochter unterzeichnet Exklusiv-Vertrag mit Haier-Gruppe

LOS ANGELES, 14. August 2003
Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com, gaben heute bekannt, dass ZhongNan Computer Group, ein Tochterunternehmen von Hartcourt, einen Vertrag über den Exklusivvertrieb der IT-Produkte von Haier in der Provinz Zhejiang unterzeichnet hat. Durch den Einjahresvertrag wird ZhongNan voraussichtlich einen zusätzlichen Umsatz von 30 bis 50 Mio. RMB (3,6 bis 6 Mio. US$) generieren.

Mit 30.000 Angestellten und 8,7 Mrd. US$ Umsatz ist die Haier-Gruppe einer der größten Hersteller von Elektronik- und IT-Produkten in China. Haiers Vorsitzender, Zhang Ruimin, wurde von "Fortune" zu einem der 25 weltweit einflussreichsten Geschäftsleute gewählt (siehe www.fortune.com).

Am 6. August 2003 meldete Hartcourt ein profitables zweites Quartal mit 28 Mio. US$ Umsatz und 463.378 US$ Gewinn. Seitdem erhielt das Unternehmen einige Anfragen nach der tatsächlichen Bedeutung dieser Ergebnisse. Mr. Richard Yan, CFO von Hartcourt, erklärte: "Trotz SARS blieben der Umsatz und die Gewinnmarge der Hartcourt-Töchter im zweiten Quartal unverändert. Tatsächlich stieg der Gewinn der Beteiligungen auf 1,86 Prozent im Vergleich zu 1,69 Prozent im letzten Jahr. Durch die Konsolidierung der Kosten von Hartcourt reduzierte sich jedoch dieser Gewinn, vor allem wegen der durch die aktuellen Aquisitionen verursachten juristischen und buchhalterischen Ausgaben. Die Verwaltungskosten wurden von 807.778 US$ im letzten Jahr auf 313.177 US$ in diesem Jahr reduziert. Bezieht man in die Berechnung die Aquisitionskosten und die Managementkosten eines nun wesentlich größeren Unternehmens ein, waren die Einsparungen bemerkenswert. Der Verkaufspreis von StreamingAsia, LogicSpace und SyndicateAsia war nur nominal; aber Hartcourt kann diese Firmen ohne weitere Kosten innerhalb der nächsten 36 Monate zurückkaufen. Im Ergebnis war dieser Deal so strukturiert, dass es dem Käufer möglich ist, ausreichend Kapital investieren zu können, um diese ruhenden Unternehmen wiederzubeleben. Wenn dies Erfolg hat, wird Hartcourt enorm davon profitieren. Alles in allem sind wir mit den substanziellen Fortschritten in unserem Business-Plan sehr zufrieden. Während der letzten Jahreshauptversammlung haben wir uns zum Ziel gesetzt, in 2003 profitabel zu sein und uns auf eine große Expansion in 2004 vorzubereiten. Wir denken, dass wir dieses Ziel erreichen werden."


Über Hartcourt

The Hartcourt Companies, Inc. ist eine Investment-Holding, die sich auf den Erwerb und die Entwicklung von stark wachsenden IT-Unternehmen in China spezialisiert hat. Detaillierte Informationen über Hartcourt sind unter www.hartcourt.com abrufbar.

[Rattlesnake]

die deutsche webseite ist von andi fertiggestellt worden: http://www.hartcourt.com/hartcourtgerman/index.htm
und wird wohl auch bald unter hartcourt.de zu sehen sein.

Rattlesnake

[haegar123]

Klasse website andi, danke.

They will turnaround and we will see the progress.

Weiss übrigens jemand, ob eine kapitalerhöhung auf dr Tagesordnung der HV steht ?

gruß haegar

[pokibeloki]

Tageshoch 0,65 Euro, aktuell 0,63 Euro ,also unverändert.

[haegar123]

pokibeloki,

das ist doch endlich mal ein statement. Ob morgen das glleiche passiert ?

gruß haegar

[haegar123]

Na, dann mach ich halt mal den Alleinunterhalter. Irgendwann werden ja mal wieder ein paar Worte über HRCT zu verlieren sein. Momentan schauen anscheinend alle auf Freitag, das Orlandoorakel zu erleben.

Wohlan denn, werde ich mich auch mal gedulden. Mögen die Götter den Hartis gewogen sein und bleiben.

gruß haegar

[toepperkatze]

Ja wat is denn nu mit den Hartis, Kursziele bis zu 5 $ wurden hier angegeben bis Weihnachten. Schöner Traum.
Alle Nachrichten und Daten von Brasilchen und Co. sind ja wunderbar, aber der Kurs steht wie festgenagelt.Und das Schweigen im Bord ist genau so lang. Wenn der Wert denn so viel Chancen hat, wooo bleibt denn dann die Kursfantasie. Wo ist der Haken

[Franz Beckenbauer]

Ich denke das 5 $ doch etwas hoch gegriffen ist (obwohl wer weiß das schon !!). Außerdem bis Weihnachten ist es noch was hin Und bis dahin kommt noch einiges !!!

- Meeting in Orlando
- Mind. noch 1-2 Neuerwerbungen
- ein starkes (hoffentlich überraschendes) 3.tes Quartal
- Eine (hoffentlich) Bestätigung für den Börsenwechsel innerhalb der nächsten 6 Monate

Wenn das Wachstum (wie angedeutet)kontinuierlich gesteigert wird, dann sollte auch der Kurs wieder reagieren (wenn uns die MM´s von der Leine lassen - aktuell sind aber auch die Umsätze sehr schwach...was hoffentlich die Ruhe vor dem Sturm ist). Sollte im Herbst dann eine Ankündigung für einen Börsenwechsel im Frühjahr erfolgen, dürfte der Kurs kräftig nach Norden laufen !! (IMO).

Mein persönliches Kursziel bis Ende 2003: $ 1,50 - $ 2.

Was im Jahre 2004 dann an einer z.B. Nasdaq möglich ist, das kann sich jeder selber ausmalen !!!$$;-)

[toepperkatze]

Ein KZ von 1,5 ist realistischer und bis Weihnachten wäre voll ok. Ein Wechsel an die Nasdaq zieht Auflagen nach sich ,deren Erfüllung derzeit nicht in Sicht sind. Es klemmt irgendwo, ich weiß nicht wo.

Natürlich, Hartcourt Strong buy oder so

[Rattlesnake]

ich denke, dass hartcourt im moment alles tut, um sich auf einen wechsel des börsensegmentes in q1 2004 vorzubereiten.

1. hartcourt weist verstärkt in allen veröffentlichungen darauf hin, dass man um die verbesserung der internen kontrollprozesse bemüht ist.

2. hartcourt sucht einen erfahrenen CFO.

3. hartcourt baut eine story auf, die man verkaufen kann.

4. hartcourt betreibt eine intensive PR- und IR-arbeit.

5. hartcourt hat das primärziel ausgegeben, bis 2004 eine wesentlich größere cashposition aufzubauen und in 2004 stark zu expandieren.

der für mich einzig unklare faktor ist, wohin genau will hartcourt?
im moment hat das unternehmen sich für einen gigantischen aber margenschwache markt entschieden. es ist kaum vorstellbar, dass hartcourt sich im verlauf der nächsten jahre weitere firmen mit ähnlichen kennziffern kauft. vielmehr halte ich es für möglich, dass hartcourt aufgrund der geschaffenen basis, der guten kontakte, der größer werdenden cashreserven, etc. in zukunft wesentlich bessere deals abschließen wird.

wir haben heute ca. 147 mio aktien auf dem markt und machen auf jahresbasis bei stagnierendem geschäft 1,4 mio Gewinn (463.000 x 3) gewinn, also etwa 1 ct pro aktie. bei einem kurs von 66 ct kommen wir im moment also auf ein kgv von 66.
ein neuer deal könnte die situation sofort enorm verbessern. angenommen hartcourt könnte aufgrund der o.g. umstände einen deal abschliessen, der den gewinn von 1,4 mio für dieses jahr vorraussichtlich verdoppeln würde.
auch dieser deal würde sicherlich mit aktien bezahlt, sagen wir mal 20 mio Aktien zu 0.66. das wären immerhin 13 mio US$ kaufpreis; 20 mio aktien ist also eher zu hoch angesetzt, aber egal.
bei stabilem kgv von 66 und 2,8 mio gewinn und dann 167 mio aktien kämen wir auf einen kurs von: 1,10 us$

wie gesagt, ich denke, dass ein solcher deal durchaus möglich wäre. ich denke weiterhin, dass nach einem solchen deal auch ein höheres kgv gerechtfertigt wäre. ich bin auch überzeugt, dass man nicht 20 mio aktien dafür hinlegen müsste, sondern wesentlich weniger.
rechnet man das gleiche beispiel mit:
10 mio aktien, kgv 80 und 2,8 mio gewinn kommt man auf: 1,42 us$
... und dabei wird noch vorausgesetzt, dass die bereits übernommenen unternehmen tatsächlich "nur" 1,4 mio gewinn machen werden.

könnte, würde, hätte...
alles nur gedankenspiele, aber worauf es hinausläuft ist klar: kann hartcourt lukrativere firmen aquirieren, dann werden die deals immer besser werden und mit dieser story an die NASDAQ oder die AMEX oder nach Hongkong zu gehen, würde den aktionären sicherlich den einen oder anderen dollar/euro einbringen...

Rattlesnake

[haegar123]

rattle,

im Moment sehe ich drei Einnahmequellen bei Hartc.

1. Die PC-Schiene Gewinn 1,4 mio
2. Das Chinamagazin
3. Investmentaktivitäten Gewinn 2,9 mio


Also die Beschränkung auf die PC-Story läßt glaube ich noch einige unschätzbare Möglichkeiten offen.

Vielleicht erfahren wir ja im Laufe des Tages mehr aus Orlando.

gruß haegar

[haegar123]

aus dem ihub

The Famous B and B Men are here!!

Just back from the meeting, so we must report the main topics:

-Well over 60 people there...GREAT!
-Dr. Alan Phan was not here, because he has a big business to work on.
-Law suite has no chance but will take many month to resouvle.
-Earnings for the next years: 2004/550M US$, 2005/1000M US$ revenue and more then 50M US$ profit.
-Changing the Excange next year to a US big board(promissed!)
-David Chen is the right man for us, he is UNBELIVABLLY FANTASTIC and his main concern is PROFIT, PROFIT AND PROFIT!!
-All the hard questions are answered Berrygood - we see noting but good things ahead for Hartcourt!!!
-The head of each companies are here, and they each talk about there business(no babelfish, David translated).
-Each companie is profitable and growing and under the 3 biggest in there area. They each can make more money by joining together to buy goods at a discount.
-More aquisitions are comming this year. Hartcourt has become very dominate in the chinese market.
-The 20th. anniversary celebration was attendend by a very high top ranking government official, what is very unusual.
-The meeting was very positive and the s/h are very happy, you can be happy too!!
-2 cakes were brought in for 2 birthdays (Happy Birthday TIN-
Berrygood!!! und Happy Birthday Hartcourt!!!!)
-Tonight 20th. anniversary party @7:00PM in the conference room...everybody is invited!!

...so watch out the dark sunglasses in the evening!!!!

The Famous B and B Men

[new_investor]

Shareholder Q&A for August 03

Q. I know most shareholders would like to know if there was any specific business purpose to have the folks from Dell, Morgan Stanley, Intel, Softbank, Siemens and GE Capital? Have I missed anyone? It`s good to see HRCT associating with these folks, I would just like to know if there is any business relationships developing with them also.

A. These people are social and business friends of Hartcourt. Whether we can do business together depends on how mutual benefit could be achieved. There are always possibilities.

Q. HRCT`s share price has not reacted at all to the early announcement of the 2nd Q numbers. Shareholders are pleased with the progress of the company on the business end but what can the company do to bring in new investors?

A. We agree with you. We are currently working on plans to expand our shareholder base beyond the current level of 11,000.

Q. Was there any press coverage of the HRCT 20th anniversary event?

A. We have received many requests for interviews and will respond in the most appropriate time and manner. Considering the sensitive political climate in China, it is not always good to have a high profile. We prefer a low profile and high profit.

Q. There has been much talk about all the restricted HRCT shares to hit market over the next 6 months. What will HRCT do to make all these shareholders of restricted shares hold on to them and not dump them on all us loyal shareholders.

A. We don’t give advice to shareholders on their investments. However, we strongly believe that investors love to hold on the stock of companies with fast growth and strong fundamentals.

Q. With less than 1% profit margin and competition growing ever more fierce, is it even possible to increase it? If so, how will you go about doing it?

A. The net profit margin of our operating subsidiaries is about 1.85 percent. We believe that we could increase them to about 2.6 percent in 2004 and 3.2 percent in 2005. First, we could save from consolidating marketing cost and support services. Second, we would be able to obtain better pricing thanks to increased purchasing power. Third, we plan to add more products and services that have higher profit margin. Fourth, we could raise price a little if we dominate certain market. Fifth, we could have special buying opportunities if we have stronger financial resources.

Q. If the company where to be approached by another entity looking to BUY HRCT what would it take to make that deal possible. Specifically what PRICE would it take to make the deal happen per share wise?

A.The decision to sell Hartcourt would involve not only the Board of Directors; but also valuation experts and investment bankers; and possibly a special shareholders’ meeting. The value of a company cannot be simplified into a formula or a pricing unit.
Q. Has any progress been made with the SEC lawsuit?? What are your thoughts to the investment community`s perception on the lawsuit as it relates to HRCT business, pps, etc.

A. Our attorneys truly believe that we would win the lawsuit. However, the public relation cost and the opportunity cost demand that we should settle the lawsuit as soon as possible. We have made an offer to the SEC and are waiting for their reply.

Q. With 250 million shares authorized, do you have a cap on the amount of shares you`re willing to issue for acquisitions?

A. When we make an offer to acquire a company, we always evaluate various options and its cost versus our financial resources and possible impact on the share price. It’s not possible to structure every deal using the same formula. In future acquisitions, a combination of cash and shares is more likely.

Q. I read an article that has DELL as the #3 PC distributor in China. Wouldn`t it be easier to court them into a takeover of Hartcourt rather than go head to head with this behemoth?

A.When we compete in the IT product distribution, we compete against all distributors, foreign and local. Our goal is to reach $800 Million to $1 Billion sales in 2005. That’s all we focus on. Dell has a different business model and might have different goal in China. By the way, we have a great business relationship with many Dell executives in China. The head to head we normally go with Dell are lunches and dinners.

Q. Now that GO-NOW seems to be another lost cause in the PR Dept what is HRCT going to do to as to getting a REAL P.R. company so as to spread the word. This should be a HIGH PRIORITY as to gaining a stronger shareholder base. And did we loose any revenue to Go-Now?

A. You notice in our presentation that increasing shareholder base beyond 11,000 is one of our major goals for the next 12 months. Whether it would require another PR firm or an in-house campaign or a combination of both is a decision we must make before next month. We are waiting for some study and replies from various PR firms we contacted.

Q. HRCT any closer to getting the heck off the OTC before 2004?

A. How many times do we need to repeat this : we are planning to apply for a bigger US exchange listing in 2004, as well as another listing in Asia.

Q. Will HRCT release 3Qtr numbers early via a PR?

A. We shall let you know about one month from due date (November 15)

Q. How much revenue is expected to be made through China Report advertising? And, has it created any interest from the recipients?

A. We could say that the magazine meets our expectation in terms of revenue and readership. However, we are forced to devote our financial and human resources to where they impact the most on our bottom line. That is the acquisition program to consolidate IT products distribution. Therefore, we are afraid that China report is suffering from unintentional neglect. We are discussing with potential strategic partners and investors to dispose this asset.

Q. When will the required audited financial information for the new acquisitions be available?

A. We already filed the 8K for Hua Qing last month. The others should be filed soon.

Q. Is it possible to not include Hartcourts ancient history and repetitive information in each and every one of the 10Q`s & K`s? It makes them more confusing and complicated to read.

A. The information must be included as it is required by the SEC regulation.

Q. Will the proceeds from the sale of SA, SA and LS be distributed in the form of dividends to shareholders? It appears Genius has acquired a portion of SinoBull. Can we assume there will no longer be divestiture of Sinobull to shareholders? HRCT Mgmt has said over the years that Shareholder Value is the most important thing when considering business dealings. There has been much said in the past that shareholders would receive shares of new companies and old companies bought by HRCT. My question is with all these companies you are dumping will there be any thing left to give us shareholders?

A. We are going to distribute various stock dividends to shareholders whenever we receive them from our portfolio companies.

Q. What`s the purpose of incorporating various subsidiaries in the British Virgin Islands?

A.BVI corporations provides the lowest maintenance cost and free of any income taxes. They shelter Hartcourt from liabilities and lawsuits.

Q. Why not just cash Manu Ohri out? The hassle, headaches and legal fees got to exceed $52,000.

A. We have a dispute on the amount. From our records, it was Mr. Ohri who owes us some money. We shall leave it to our lawyer to resolve, either in Court or in settlement.

Q. I noticed that shares issued to unknown consultants have all but dried up. Do you feel Hartcourt has the right people in place now so as not to have to pay huge money for outside advice? Or is this just temporary?

A. When we issued the shares to consultants and professionals such as lawyers and business brokers, HRCT share price was 5 cents. In that context, the amount we paid was nothing out of ordinary business practice. Looking at Hartcourt overhead, we believe that we run a very tight ship, with minimum for necessity.

Q. I know Chinese culture is quite different than the US. What type of agreement do you have with the nominees of each subsidiary that allow you to report such high percentages of revenue and profit? Legal binding contracts, or a smile, handshake and verbal promise?

A. Every contract we signed must have a binding legal opinion. Hartcourt interest must be fully protected, legally and financially. Nominees used for proxies must sign a very strict contract requiring them to mortgage all the assets to Hartcourt and accept many restrictions put forth by the best legal minds. SOHU, NetEase, Sina…are all used similar contracts.

Q. What is the status of the ENOVA stock? When will it come off of restriction?

A.Hartcourt has nothing to do with Enova or ElephantTalk, once the spin off was completed. We understand that they are involved in a lawsuit with a bank and got their assets tied up in Court. Until it is resolved, there is not much they can do.

Q. Are you planning on marketing all the retail stores under one name? Are you centralizing purchasing for all stores to obtain the best possible prices from suppliers? Are you setting up inventory distribution to minimize inventory costs and provide effective stocking in each store?
Are you tracking item sales from all stores to understand which items are moving fastest at the best profit margins?

A. We have commissioned a consulting group to prepare for us a Feasibility Study to organize a chain of mega Digital Multi-Media Supermarkets in China. All technical aspects of such operation will undergo a SWOT analysis to determine the optimal business model.
Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[Franz Beckenbauer]

@ haegar123

Hört sich alles super an !!!!
Mich wundert nur das das bisherige (sehr vorsichtige) Management mit Zahlen von 2004/5 "rumwirft" !!

Aber Akquisitionen (Mehrzahl..es kommen also mind. noch 2)....Börsenwechsel an eine grosse US-Börse und Listing in Asien.....da kann es eigentlich nur bergauf gehen !!

[haegar123]

@franz

grundsätzlich kann ich dir nur zustimmen, da auch der Chart diese Sprache spricht. Ausserdem sind die Aussichten der chinesischen Wirtschaft wohl noch nie so günstig gewesen und HRCt mit ihrer Strategie der Fokussierung auf einen Wachstumsmarkt gut aufgestellt.
Will hier auch gar nicht in Pessimismus machen aber der 11. September naht und damit ein Datum, welches geradezu prädestiniert ist für einen externen Schock. Bin mal gespannt, ob die Amis sich für eine vorsichtige oder eine Haltung der Stärke entscheiden. Ihre Indizes stehen vor wichtigen Widerständen.
Auch im Irak scheint mir noch nicht alles zur Ruhe gekommen zu sein. Da liegt noch gehöriges Potential für einen Crash.

gruß haegar

[Rattlesnake]

@Franz
meine persönliche einschätzung ist folgende: hartcourt wirft mit zahlen für 2004/2005 um sich, weil diese wohl so konservativ geplant sind, dass deren erreichung wohl als sicher angesehn wird.
wären das extrem ambitionierte ziele, die verfehlt werden könnten, dann hätte hartcourt wirklich nichts aus der vergangenheit gelernt. die IR-/PR-arbeit der letzten monate spricht jedoch eine andere sprache.

Rattlesnake

[kyron7htx]

Gibt es negative News o. was geht da heute ab.
Grottenschlechter Verlauf heute.

[haegar123]

kyron,

das wüsste ich auch gerne. Überdurchschnittliche Umsätze in Amiland bei sinkenden Kursen.


gruß haegar

[haegar123]

haben die nun gestern in us eingekauft oder verkauft ?

[new_investor]

@haeger123 #279

Die Anwort lautet ja.

Schau mer mal

[haegar123]

newinvestor,

deine Antworten sind von einer erstaunlichen Stringenz, die auf tiefere Einsichten schließen lassen.

Aber betrachten wir die Hartis mal aus charttechnischer Sicht.

Der Kurs befindet sich seit Ende März in einem primären Aufwärtstrend dessen unterer Rand mit 54 Cent getestet wurde und von dort gestern abprallte.

Der sekundäre Aufwärtstrendkanal wird derzeit nach unten durch 55 und nach oben bei 82 Cent begrenzt. Innerhalb dieser Range sollte der Kurs sich stabilisieren. Nächster Widerstand ist die 66 c-Marke, wird diese durchbrochen, ist der Weg frei bis zum nächsten bei 76 Cent und darüber
bis 87 Cent, alles auf Schlußkursbasis gesehen.

Nimmt man die Candlesticks als Betrachtungsmethode ändern sich die Werte nach oben entsprechend auf 79 und 98 Cents.

Der MACD befindet sich im neutralen Bereich während der Slow Stochastik ein Kaufsignal liefert.

gruß haegar

[Rattlesnake]

...und vergessen wir dabei nicht, dass eine einzige neue aquisition das alles über den haufen werfen wird...

Rattlesnake

[haegar123]

würde es mitnichten, rattle. es würde das ganze nur beschleunigen.

gruß haegar

[Rattlesnake]

1:0 für dich.

Rattlesnake

[McCorry]

hey Leute, bei Hartcourt ist im moment ja nicht viel los. da dachte ich mir geb ich euch mal das ergebniss meiner umfrage.

HARTCOURTS SHAREPRICE END OF 2003
max. 0,50$ 10.57%
0,51$ - 1,00$ 18.50%
1,01$ - 2,50$ 28.19%
2,51$ - 5,00$ 17.62%
over 5$ 25.11%
Die Umfrage ist beendet. (227 Stimmen)
Diese Umfrage lief vom 10.07.2003 - 10:17 bis 30.08.2003 - 22:00

vielen dank fürs mitmachen


http://www.hartcourt.cn
http://www.mccorry.de

MC

[flipflop]

Hallo ihr,

was passiert hier mit unserem Baby ?
Nun werden endlich Gewinne gemacht und die Zukunft sieht so schlecht auch nicht aus, wobei mir etwas die großen Phantasiebringer fehlen (aber es geht eben nur eines; entweder Gewinne oder unglaubliche Stories ausprobieren).
Trotzdem dümpelt die Aktie von Tag zu Tag dahin und verliert langsam aber stetig einige Prozente.

Hat jemand eine sinnvolle Erklärung ?

Gruß
ff

[Stock Crackie]

@FlipFlop

Ist doch ganz einfach !! Es gibt überhaupt keine neuen Nachrichten von Hartcourt. Und die Shoties verabschieden sich aus dem Wert, weil man mit anderen Werten die letzten Tage mehr verdienen konnte !!

[oestareicha]

griass enk leitln .....aufwachen....den gestrigen tag irgendwie verschlafen, oder was??? kaufsignal bei hartcourt...leider die 0,70 nicht geknackt....was sagt uns das für heute?? wär schön, wenn wir die 0,70 knacken würden und in richtung 0,80 abziehen.....bloss mein magen sagt was anderes.

was meint ihr....könnt ruhig mal euren senf dazugeben...allein was die charttechnik betrifft...wird ja zeit, dass hier mal etwas bewegung einekummt.

oiso donn.....

gruss aus wien
pfiat enk

[traderofthelord]

seawas oestareicha!
bi ganz deina meinung, oba naxt moi bidde mid undadidl fuea unsre bifges. Nix fuea unguad.
gritings from bawaeria.

[oestareicha]

okay, okay. schreib i hoit in hochdeitsch...ups...schreib ich eben in hochdeutsch..

also..so wie es aussieht werden doch wohl heute die 0,70 genommen. die eröffnung in usa sieht doch recht vielversprechend aus. mal sehen...kann ja sein, dass jetzt einige wieder auf hartcourt aufmerksam geworden sind. ich hoffe es...denn ich bin noch im minus ....auf 0,85 euro sollt`s schon mal gehen in nächster zeit.

na dann, bis in bälde

hoits enk zomm - es dauat neamma long

oestareicha

[new_investor]

Hi Leute,

wollte mich mal nach langer Zeit wieder melden.
Gestern konnte man beobachten wie der Kurs innerhalb von 20 min. von 0.68 auf 0,63 mit einem lächerlichen Volumen von 50.000 Stk. runterging. Spiele der MM´s oder was?

Die käufer warten zur Zeit auf weitere Deals.
Gerüchten zufolge soll in kürze ein "$ 250 Mio.Deal" kommen!

An den Gerüchten könnte was dran sein:
Our revenue projected to reach - US$250 million by the end of 2003 - ; US$550 million by end of 2004 and US$800-1000 million by end of 2005

Quelle:
http://www.hartcourt.com/Shareholdersmeeting_Aug2003.ppt

Die Ziele für die nächsten 12 Monate sind sehr vielversprechend :

-Increase subsidiaries’ profit margin;
-Increase revenue to US$500 million by acquiring more companies;
-Increase net profit to over US$5 million;
-Apply to a different US exchange board;
-Higher level of internal control and corporate governance;
-Raise additional expansion capital;
-Increase shareholder base in Asia.

Meine Prognose für Q3-Report:
Umsatz = US$47 - 52 Mio
Gewinn = US$ 0,9 - 1,2 Mio

Mein Kursziel $ 2,50 bis ende 2003 ( oder früher ) und $5,00 in den nächsten 12 Monaten.

Schau mer mal

[Lloret]

Nett! (Cooperation with HRCT)

It is interesting to note recent comments made by Haier, the world`s number 5 in white goods with sales of US$9bn. The company aims to overtake GE (US$31.5) and Bosch-Siemens Haushaltsgeraete to become the world`s number three. With the domestic market characterised by rising overcapacity and poor pricing, growth is being driven by international sales. Haier aims for example to raise its US sales from US$520m this year to US$1bn by 2005. For the group as a whole, management is targeting an 11% increase in sales this year. H1 results (earnings down 13%) were negatively impacted by SARS and increased domestic competition. To gain market share, Haier has been adopting US management philosophies (e.g copying the GE approach) and Japanese just-in-time production technologies, including platform sharing.

[sireuitz]

Halloooooo!!!

Mit den Umsätzen ist wohl auch Eure Diskussion eingeschlafen.
Aber in meinen Augen ergibt sich doch gerade weil der Kurs mit Witz-Umsätzen derart gedrückt wurde eine Kaufgelegenheit. Auch wenn die Charttechnik bei OTC-Werten nur bedingt greift, so meine ich trotzdem, daß man bei 0,5$ einfach mal zugreifen sollte, zumal mir keine negativen news bekannt sind und ich hier eine Unterszützung ausmache.

Meinungen hierzu sind erwünscht.

Gruß, sireuitz

[rassli]

@ sireuitz!

Du hast recht, hier ist ja wirklich in den letzten Wochen tote Hose. Der Kurz tümpelt von Tag zu Tag einen Cent tiefer ohne irgend welche news. Ich rechne ja nicht gerade damit, dass Hartcourt in diesem Jahr noch eine neu Investition tätigt, doch im Frühjahr werden wir uns sicherlich wieder freuen dürfen. Ich halte die Kursentwicklung bis 0,5 $ für gesund. Eben nach dem Chema, nach Kursanstiegen 50% Korrektur, wo dann der Boden ca bei 0,57$ erreicht sein sollte. Unter die 0,50$ sollte wir schon nicht fallen, denn dann könnten wir noch weiter rutschen, was ich nicht glaube. Auf diesem Niveau werden sicherlich wieder die einen oder andren Investoren einsteigen. Ich werde mir auch noch ein Paar Stücke in Depot legen. Denn sollte demnächst eine positive News auf dem Markt kommen, so sehe ich kurzfirstig Potential bis 0,75$.

Es grüßt euer Rassli

[MBent]

kannst meine 2400 derzeit in frankfurt haben. brauch ich momentan nicht. sieht anderswo interessanter aus.
gruss mbent

[sireuitz]

Sollten die 0,5$ in den nächsten Handelstagen erreicht werden, baue ich eine erste Position auf.

@MBent: Mag sein, daß andere Titel derzeit interessanter sind. Das sehen wohl andere Marktteilnehmer genauso aber nur deshalb bietet sich die Möglichkeit HRCT so "billig" einzusammeln.

Wir werden sehen,

Gruß,sireuitz

[rassli]

Hätte eigentlich nicht gedacht, dass wir noch unter die 0,57 fallen. Natürlich ist Hartcourt bei 0,50 $ sehr günstig, doch leider fehlen mir im Moment die News für eine Kurskorrektur. Es tut sich eben nichts bei hrct. Sollte sich das in den nächsten Tagen ändern, so werde ich mir noch ein paar Stücke ins Säckchen legen.

Bereits vor 1999 sagte ich meine Rente zahlt Hartcourt und ich bleibe dabei. Doch wessen Rente ist noch sicher??

[jobser]

Wann kommen eigentlich wieder neue Zahlen von hrct?

Danke und Gruß jobser

[Habinet]

Die Zahlen kommen mitte November glaube ich.
Ich hoffe das bei den Zahlen die erhofften News bereits bekannt sind.

Grüsse

Habinet

[jobser]

Danke für die Info! Erwarte auch gute News demnächst von hrtc, da in China der Markt blüht und hrtc nun endlich gut vertreten ist.

Gruß und für uns eine gute Börsenwoche


jobser

[new_investor]

September Shareholder Q&A

1. The Olympic committee is now taking bids for the 2008 Olympic sponsorships. Are you planning on participating? If you are not planning to try and be a sponsor at the 2008 Olympics,(very expensive!) are you planning to approach the Olympic committee to sell them computers? I know from previous Olympics, each country attending has its own headquarters setup with tons of computers, electronics.

A. Hartcourt does not plan to build itself as a brand name of consumer products. On the other hand, our subsidiaries are working with their manufacturing partners to participate in all levels of the Olympic 2008, from advertising sponsorship to IT product supplying.

2. One of your answers to a question in the last Q&A stated that Hartcourt prefers to keep a low profile. How will you manage that while becoming the 3rd largest PC retailer in China?

A. Hartcourt is the holding company planning to have the third largest distribution network of IT products and services in China. Revenue and profit from our subsidiaries are our main focus. Since low public profile and humility is the preferable way of doing business in China, we shall do our best to respect this Chinese tradition, as long as our goal is attainable.

3. How did the number of shareholders jump from 700 in the April 10K to 11,000 by Aug. 22nd?

A. As of 8/31/03, Hartcourt has 788 shareholders of record who are registered with Our Transfer Agent. These holders include Cede & Co, a deposit trust for all brokerages, who hold shares under street names. On 7/15/03, Cede, through ADP, informed us that they were holding shares for 11,842 shareholders so we could send the proxies out to these NOBO shares. Therefore, we have approximately 12,500 shareholders. This amount has not changed much during past year.

4. Will this year law changes in December allow you to simplify the way these foreign majority owned subs are structured?

A. WTO entry commitments, once implemented, will certainly simplify the legal structure of our holdings. However, the change in governmental regulations will be gradual and different from each province.

5. Are there any plans to detail the financials for the specific subs and their stores so that we can have more than a broad understanding of how well they are functioning and how much progress they are making quarter to quarter?

A. Please note that revenue from retail stores represents only 24.83 percent of our total revenue. By giving out these numbers monthly, the general public investors might misunderstand our business model and compare us to other retailers. On the year-to-year growth of revenue, since we acquired these subsidiaries only a few months ago, the numbers would not be representative of the whole picture. Please wait until Q2 of 2004. Furthermore, our strategy is to grow via acquisitions: as more subsidiaries come into the fold, the mix of revenue might change drastically. If you look at the general trend, revenue has increased 1,465 percent from last year and net profit has increased by an amount of $1.5 Million from Q2 of 2002.

6. There has always been talk (the promise) of getting HRCT off the OTCBB and listed on another exchange. With this being a stated goal for 2004, how does management plan on accomplishing this if the current pps does not significantly increase?

A. Depending on the requirements of a particular exchange, we might have to re-structure our legal framework to fit in. However, there are many ways to skin a cat; so why don`t we wait until January to address this issue.

7. How do Chinese laws affecting share ownership of foreign companies come into play with Chinese nationals who hold Hartcourt stock?

A. We are not aware of any restrictions on Chinese national owning any foreign stocks, as long as currency regulations are observed.

8. David said at the meeting that there would be no competitors for 6 - 12 months. No competitors to what?

A. David Chen, our CEO, believes that there is no direct competitor in the same business model and strategy as Hartcourt in China at this moment. The business model he meant is the consolidation of IT product distribution companies.

9. What are the major differences with business in China and the normal business in the US? How does this affect HRCT?

A. In general, China`s IT environment is somewhat comparable to the American`s ten years ago. In particular, the IT product distribution and retail sector compose mainly of small to medium size companies. They give us a unique opportunity to consolidate. On the other hand, we have to face a very fast growth curve, a cumbersome bureaucracy, a big income gap in different provinces and a very Chinese business culture.

10. Are margins lower in China because of the lower cost of living? Gross and net?

A. To a certain extent, lower operating cost allows Chinese companies to be extremely competitive. However, the margin in this IT product distribution business is traditionally low, not only in China, but all over the world.

11. Is there a "sales tax" in China? If so how exactly does it work?

A. Instead of sales tax, China uses the Value-Added Taxes (VAT) similar to the European system.

12. Now that HRCT has cash on hand. Is it not more prudent to purchase any additional companies in cash (wholly or partially) as opposed to adding millions of additional shares into the float?

A. We always examine and negotiate carefully the best available options to purchase companies, either by cash or shares or a combination. The cash reserve is also needed for working capital and for emergencies.

13. What exactly is HRCT doing to improve margins in each of the subs? What kind of margin increases can be expected over time, in other words, are the subs inherently low margin because of the business or because of management?

A. We are working closely with our subs to develop a very detailed plan to improve profit margin. It will involve all phases of operation: from consolidation of purchasing and warehousing to group advertising and software sharing. At the moment, the net profit is only about 1.5 percent of sales. If we implement the plan successfully, we could double this net profit within 2 years.

14. With the 3rd quarter winding down, would you say we`re on track to meet or beat expectations?

A. We are very optimistic on our performance. However, we will comment on this subject only in a coming Press Release.

15. Being a small co. on the OTCBB, it is difficult to find information of insider trading activity. Would you be able to disclose some of the holdings and recent trading activity of insiders. (if any) Certainly it would be a positive sign for shareholders to see that those who run the company are investing in their own progress. Have you bought shares recently?

A. All insider activities are required to file with SEC under Form 144 or Schedule 13G. This information is available on many financial portals, such as Yahoo! Finance. As a clear vote of confidence in Hartcourt`s future, David Chen takes half of his salary in restricted shares and all members of the Board of Directors takes their fees in 144 shares as well, instead of cash.

16. There were 147+ million issued and outstanding shares at the end of the second quarter. Where do we sit here at the end of the 3rdQ?

A. Please be patient and wait for the filing of our 10Q.

17. At this stage of the company`s development, is it an impossible task to entice Asian investors to HRCT? Do they have a difficult time buying HRCT shares from China?

A. We are actively looking at ways to increase our Asia-based investors, which are numbered about 2,000. One of the first steps is to engage an Investor Relation firm for Hong Kong, Singapore and Taiwan. At the same time, the RMB is still a restricted and controlled currency, posing difficulties for Chinese investors.

18. With HRCT growing at such a terrific rate, is it difficult to continually monitor each sub to make sure they have the same goals and are on the same page as HRCT?

A. We have doubled the internal auditor staff at Hartcourt. We hold regular meetings with managers of sub units. We are trying to integrate operating and accounting software of all subs to ease the monitoring and controlling process. We are hiring a top-notched CFO to ensure our corporate governance is first-rate. It is a challenging and difficult task, but we will handle it successfully.

19. HRCT has been very quiet in the past few months. Can you elaborate on the steps to the process of acquisition from beginning to end. From the time you or whoever, finds a company, to the actual take over.

A. There are plenty of books and articles written in minute details regarding M&A transactions. In addition, we have to deal with the complicated legal and business environment of China. The process begins with identifying targets to initial discussions, to financial due diligence to specific negotiation on final structure of the deal. It ends with the legal paperwork, including government approval. We could start with 10 deals and end up with only 1 closing. The whole process could take 6 months to 2 years to complete.

20. Most of the HRCT subs appear to specialize in retail sales of PC product. That is except Wenzhou ZhongNan. They appear to be a major distributor of world- renowned PC products to government agencies and schools. How big is their software development business and how much of a focus will HRCT direct into this part of the company? Are they doing well as a supplier to government agencies? Is that an area HRCT would like to concentrate on?

A. ZhongNan`s business is quite similar to our other subsidiaries` business that is IT product distribution and retailing. ZhongNam happened to be the exclusive distributor for Haier IT products in their province. It is a lucrative contract and they should do well. However, they are not in the software development business. Other subsidiaries, namely HuaQing and NewHuaSun, also have sales force devoting to business and government sectors.

21. We all know what a huge task it is for China to become modernized in a short period of time. Pre WTO if China 50 years to build something, time wasn`t an issue. Now entire cities spring up from nowhere in a matter of months. What are HRCT`s plans to reap the benefits of an entire country makeover? Where are the best places (cities, government organizations, SME`s) to get a foothold that will produce the most rewards for HRCT in the long run?

A. We will keep doing what bring us success at the present. That is to grow our revenue by consolidating companies and increase our net profit by merging our operational units. If the IT market in China could equal the US market within 15 years as planned; and if Hartcourt present strategy is successfully executed; we would join the rank of the Fortune 500 companies. This vision is sufficient to motivate all Hartcourt employees to give 150 percent of their talent and resources to make the dream come true.

22.Can you list some of the pros and cons for HRCT, regarding the revaluation of Chinese currency?

A. Since all our revenue and earning are in RMB, the appreciation of the RMB exchange rate will improve our financial results. In addition, the Chinese consumers will spend more as their purchasing power will increase with cheaper imported products. In short, it will help all our subs increase their revenue and earning.

23. As HRCT grows to be that billion dollar revenue company in the next few years, what would you like investors to think of when they see the name Hartcourt? Where do you see HRCT by the year 2005?

A. We want the investment community to simply recognize that Hartcourt is a billion-dollar company. We want all investors to know that Hartcourt is the fastest growing IT business in China. We want our shareholders to be proud of the name Hartcourt. We want our employees and associates to be satisfied and happy with their achievement.

24. Of the four companies HRCT has purchased, which of them stands out above the rest?(Size, profits, popularity among consumers)..Are they too different in their objectives to compare them?

A. All of our subsidiaries stand out among their competitors in their geographical area. They do not compete against each other to make any meaningful comparison. All of them have one common objective: grow their sales and maximize their profits.

Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[wunderlich]

Hartcourt Declares Dividend for Second Consecutive Year
LOS ANGELES, Oct 9, 2003 /PRNewswire-FirstCall via COMTEX/ --

The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , announced today that it will distribute 15.1 Million shares of Financial Telecom Limited (USA) Inc. (FTL) to all Hartcourt shareholders of record as of October 17th, 2003. FTL, a wholly-owned subsidiary of Hartcourt, operates a financial data service in Hong Kong. Hartcourt anticipates the dividend distribution to take place in mid January 2004 assuming certain conditions are satisfied, including the listing of FTL stock on the OTC Bulletin Board exchange in the United States.

Last year, Hartcourt had declared a dividend by distributing 5 Million shares of Elephant Talk Communications Inc. to its shareholders in October 2002.

Details on this dividend distribution are available in the preliminary information statement in the Schedule 14 C filed by Hartcourt with the SEC today. The preliminary information statement is also available on Hartcourt`s Web site, www.hartcourt.com .

About Hartcourt

The Hartcourt Companies, Inc. is an investment and development company focusing on the acquisition and consolidation of fast-growing IT companies in China. Since February 2003, Hartcourt has acquired 4 companies with total revenue of US$183 Million in 2002. Detailed information on Hartcourt can be obtained via its web site: www.hartcourt.com .

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.

SOURCE The Hartcourt Companies, Inc.

Stokley Akers of The Hartcourt Companies, Inc.,
[phone], fax [phone], [e-mail]

http://www.hartcourt.com


--------------------------------------------------------------------------------
Copyright (C) 2003 PR Newswire. All rights reserved.
News provided by

[Ichtradegern]

Das sollte den Kurs doch erstmal hochtreiben, oder?
Meinungen?

[Rattlesnake]

ich glaube nicht an einen starken einfluss dieser meldung auf den kurs. wichtig ist jedoch, dass hartcourt seine ankündigungen in die tat umsetzt. verlustbringende beteiligungen werden ausgegliedert und deren aktien den aktionären als dividende ausgezahlt. das ist ein wichtiger bestandteil der vertrauensbildung...

dennoch ist zuvieles unklar, um einen gewaltigen kursschub auszulösen...

Rattlesnake

[asiate]

Hey

hier sin die ganzen Neuigeitken nachzulesen incl. einem Interview mit Dr. Phan durch a-e

http://www.f-tor.de/board/forumdisplay.php?s=&forumid=115

Bis dann

[Fuchsie]

Hallo Rattle,

ist doch egal, wir glauben an HRCT.
Wenn wir die letzten Jahre miterlebt haben, kann doch einem nichts mehr schrecken. Ich bin auch schon seit Anfang 1999 dabei. Habe aber schon zwischenzeitlich mein bestes Geschäft aller Zeiten gemacht. Trotzdem bin ich einer der größten Anhänger von Hartcourt und glaube an die Zukunft von Hartcourt und an China. Ich habe viel Zeit und fahre am besten damit – jetzt schon die 2. Dividende mit Gratisaktien, besser geht es nicht (ist mir viel lieber als Dividenden von deutschen Unternehmen, wo man wieder besteuert wird). Endlich ist ein glaubwürdiges Konzept zu erkennen. Ich möchte mich auch einmal an Alle bedanken, die sich so für Hartcourt engagieret haben. Ich beobachte lieber Alles im Stillen und bilde meine eigene Meinung. Deshalb bin ich auch nur sehr wenig im Internet anzutreffen. Trotzdem vielen, vielen Dank für Alle die sich so viel Mühe mit Hartcourt geben.

Was soll ich noch sagen, toll, ich glaube wer gemeint ist.


The great Future of China – Hartcourt, simply the best.

[Fuchsie]

Sorry, für die schreckliche Schreibweie, es ist schon sehr spät und ich habe schon 13 Tage durch gearbeietet.

Freizeit ist doch was schönes, und jeder sollte doch einmal über sich selbst nachdenken und was einem Menschen auszeichnet, dann wären wir vielleicht in Deutschland weiter.

Sorry, nur meine kleine Meinung. In Klammern, man denke nur an andere Generationen. Deutschland ist einfach nur verwöhnt.

Ich meine Alles nur gut und jeder kan mich zerreissen wenn er mag.

Wenn es hilft: Nicht nur immer an sich selbst denken, sondern unsere schöne Welt erhalten. Ich mach den Anfang und sage Dank für 47 Jahre ohne Krieg, Hunger,Amgst, Familie und Lebenslust. Schade – aber ich glaube, der Mensch ist einfach nicht fähig für so viele Emotionen.

In erster Linie ist jeder Mensch sich der Nächste – und das ist eigentlich das gößte Problem.

Beste Grüße und Frieden
Fuchsie (Vielleicht hat er auch die verkehrte Bille auf)

[seventeen]

wir werden heute zwar schwächer eröffnen, aber die Amis werden sicher wieder nachlegen,

sodass der Kurs in Richtung 0,60 EUR laufen wird. Mfg

[rassli]

Das sehe ich auch so. In den nächsten Tagen passiert so einiges. Wir werden in Amerika wieder steigende Kurse sehen. Die Aussichten werden immer besser. Wir sollte diese kleine Korrektur nutzen um nachzulegen.

Ich habe mir Heute noch mal 3000 Stück ins Depot gelegt.

Vielen Dank für denjenigen, der mir seine Stücke für 0,51 EUR überlassen hat.

Gruß Rassli

[rassli]

Frankfurt 0,54 EUR

es geht schon los!

[die_null]

Das war`s schon wieder

[new_investor]

Hartcourt to Announce Q3 2003 Financial Results

LOS ANGELES, CA, Oct. 20, 2003 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, will announce its financial results of the third quarter of 2003 in a press release to be issued on November 3, 2003. In addition, the news release will address current performance, projected businesses growth and other relevant information to give shareholders and analysts a better valuation on the success of its business strategy.

Questions from shareholders and analysts could be submitted directly to [e-mail] or posted on Hartcourt chat room at www.investorshub.com. The regular monthly Q&A is published on company` web site, www.hartcourt.com.

About Hartcourt

The Hartcourt Companies, Inc. is one of the fastest growing IT distribution and retail service companies in China. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies within this sector in key geographical areas in China. Recent acquisitions of Hartcourt included four major IT distribution and retail services companies in Eastern and Southern China (amongst the highest GDP-per-capita in China) that have a combined revenue of US$181 Million and net profit of US$3.1 Million in 2002. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact: Mr. Stokley Akers
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc



Copyright 2003 Market Wire, All rights reserved.

-0-



SUBJECT CODE: Technology:Personal Computers

[new_investor]

Hartcourt Reports Record Third Quarter Results
Monday November 3, 4:00 pm ET
Revenue Increased to $33 Million in the Second Consecutive Profitable Quarter

SHANGHAI, CHINA--(MARKET WIRE)--Nov 3, 2003 -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, China`s fastest growing IT distribution and retail company, today reported financial results for the third quarter ending September 30, 2003.

The company reported total revenues of $ 33,665,719, an increase of 20% over $28,112,109 reported in the previous quarter and an increase of 3124% over $1,044,252 reported in the same period in 2002. Net profit for the quarter totaled $514,204, as compared to the previous quarter`s net profit of $463,387. The same quarter in 2002 had a net loss of $77,301.

The third quarter`s financial results reflect the solid execution of the Company`s mission: to be China`s leading IT and Mobile distribution and retail company. During the third quarter Hartcourt`s revenues were derived from the operations of its subsidiaries: HuaQing, NewHuaSun and GuoWei. The fourth acquisition, ZhongNan, was completed in October 2003, and its financial performance will be recorded starting Q4 2003.

Hartcourt`s profit from continuing operations in the third quarter grew 1056% to $635,567 compared to the previous quarter of $55,002, underscoring the success of Hartcourt`s restructuring of its core business and its sustainable profitability.

Hartcourt`s cash position has improved to $7,384,200 as of September 30, 2003 from $79,845 as of December 31, 2002. The current ratio of assets over liabilities remains positive. Most importantly, the cash flow from operating activities was $617,596 during the third quarter.

Mr. Richard Yan, Acting CFO of Hartcourt, comments, " This quarter represents our second consecutive report of operating profitability for the company. Through consistent execution, Hartcourt`s positive financial trend should continue in Q4 as ZhongNan`s financial results will be added to Hartcourt`s total revenue and net profit. It gives the Company a strong financial footing to capture future opportunities for growth and consolidation of the IT and Mobile distribution and retail sector. Hartcourt is well positioned to take advantages of China`s continuing double digit growth in corporate and consumer IT products spending."

Since February 2003, Hartcourt has acquired controlling interest of HuaQing, NewHuaSun, GuoWei and ZhongNan, all top IT distributors and retailer in China and dominant players in their own geographical areas. The combined revenue in 2002 of these subsidiaries was US$181 Million with a net profit of US$3.1 Million. IDC expects the PC market in China to grow an average of 18-22% percent from now to 2006.

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution and retail services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China. Recent acquisitions of Hartcourt included four major IT distribution and retail services companies in Eastern and Southern China (amongst the highest GDP-per-capita in China) that have a combined revenue of US$181 Million and net profit of US$3.1 Million in 2002. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

[new_investor]

Für alle dies noch nicht gelesen haben.

kursziel 2,50$ ende 2003 oder früher ?

schau mer mal

Shareholder Q&A
November 2003

Q: There are debates on I-hub board relating to the reversibility of those proxies given to Hartcourt by the subs. What are the possibilities and how would they affect Hartcourt?

A: Since Hartcourt is the largest shareholder of each subsidiary and we have absolute control of the Board, we could consolidate the revenue even with only 45% ownership. We do not need the proxies to do so. They were given to us as a gesture of goodwill and commitment from the sub owners to assure us that that we shall obtain additional shares once the WTO rules and the local government allow us to proceed. We were able to complete this step with HuaQing and ZhongNan already. Legally, the withdrawal of the proxies would subject the nominees to severe fines and penalties that would exceed their shareholding in both Hartcourt and their own subs. Since they are also among Hartcourt`s largest shareholders, we do not see how such possibility would happen?

Q: In the last Q&A you stated, "revenue from retail stores represents only 24.83 percent of our total revenue." Where does the other 75.17 percent come from?

A: Our IT businesses are divided into distribution and retail. The remaining revenue comes from wholesale distribution operations. The split for Q3 was about 72:28 proportionately.

Q: It`s been a month since the first court date with the SEC. How did the first (Second? Third?) Round go? Any idea when this will be behind us?

A: We filed the motion for summary dismissal with the court last month. We are still waiting for the ruling.

Q: Any idea when the Sinobull/GTI spin off will occur? Approx? Within a six month period?

A: The board of Sinobull/GTI will determine the best timing for company listing. Since Hartcourt is now a minority shareholder in the combined Sinobull/GTI entity, we shall wait for their decision.

Q: What has been the main difficulty in bringing these first companies under one roof? The acquisition aspect? Post acquisition cooperation? Streamlining their operations?

A: Every aspect of the acquisition process is a challenge of its own, from streamlining operations to maintaining steady growth. The process involves series of complex issues and influencing factors. Time and resources are required; patience and persistence are necessary.

Q: Do you have any ballpark figure as to the total number of employees currently working for HRCT and their subs?

A: Hartcourt headquarter has 9 full time employees. Its subsidiaries have around 550 full time employees.

Q: The purchasing price of Zhongnan differs from the one announced in the first Zhongnan-PR. Why?

A: There was minor adjustment in total considerations at the time of the completion (our 2nd press release), as we have acquired an additional operation that was not included in the first press releases. This operation involves some other shareholders which we only got consent later on.

Q: Why didn`t we see the revenues and earnings of Zhongnan in Q3 although we signed the agreement on 07/30/2003?

A: The ZhongNan deal was not completed until October; so we had to consolidate the revenue in Q4 in accordance with accounting rules.

Q: With many companies benefiting from the interest in China issues, what plans are there for making the re-invented HRCT story known? Would appreciate specifics?

A: In decision-making process, the most important consideration is cost vs. benefit ratio. It`s easy to hire PR firms, big or small. However, the money spent on PR-IR would reduce our profit number; and the effectiveness of a PR firm is always questionable. Hartcourt had hired about 16 PR firms since its inception, and the most effective PR program so far was the word-of-mouth campaign initiated by our shareholders back in 1999. At the moment, we think it is prudent to focus on the bottom line (net profit and growing revenue each quarter). Once we have solid earnings for 4 consecutive quarters, with revenue reaching $500 Million mark and different listing exchange, we shall go all out on a PR campaign. That`s when the cost-benefit ratio will be most advantageous. Of course, if opportunity presents itself in a different environment, we shall seize it without hesitation.

Q: With HRCT being an American Holding Company and holding all Chinese companies, how do you propose to continue in the future? (Will HRCT remain a US company or become a Chinese company?)
Statements:
....you have a token office here in the USA but your main offices of operation are in China
....you have done a 360% on company goals and now are focusing on electronic distribution
....you continue to say getting off the OTCBB is your main shareholder priority
....you stand fast on keeping a low profile while "Chinese" companies take the spotlight
Is HRCT more vulnerable because it is an American company and not a Chinese company?

A: Hartcourt is always an American company. Our business model is always about creating value from China`s enormous market with unprecedented growth rate. Our operations are always in China. We are always interested in the IT business. It`s true that after the burst of the Internet bubble, we had to tighten our belts and focus only on one business sector, instead of 5 as originally planned. However, this re-structuring has neither changed the company nature nor its determination to succeed.

Q: Is this still true "...Hartcourt`s business strategy is to add substantial value in terms of financial restructuring and corporate governance to enable these subsidiaries go public via IPO or reverse merger...." and will the shareholders have to deal with more restricted share distributions?

A: At this moment, Hartcourt has no further plans to spin off any of its assets. However, we will consider any strategic move available as long as it will increase shareholder value and help us achieve our goals faster and surer.

Q: What steps are being taken to bring NEW investors to HRCT? This stock needs new blood and faces. Have you found a new reputable P.R. Firm yet, to get the HRCT word out across all investment markets domestic and abroad?

A: As stated above, it is one of our bigger concerns. The cost vs. benefit ratio must be analyzed and decided upon. The opportunity must be available and Hartcourt must have the sustainable fundamentals to satisfy the demand.

Q: Has there been a noticeable difference in government policy and relaxing of regulations during the past year since WTO?

A: There have definitely been vast improvements on foreign investment rules in China since WTO. However, changes on rules and regulations regarding wholesale and retail sectors are the slowest. Patience is required.

Q: There are so many areas that can use IT equipment in a country the size of China. Are there any specific directions that the HRCT`s subs feel there are the most potential? Government contracts? Small and medium sized business? All the upgrading for the Olympics and the Shanghai Expo? The average PC user?

A: The marketing plan of our subsidiaries, as well their competitors, targets all IT consumers, including government, education, SME`s, home users and many others. The situation is ever changing, fast growing and very dynamic. We rely on the expertise of our sub managers, who have been in this business since the beginning, to exploit all available opportunities and connections.

Q: One would think that any US company with an idea of moving their goods into China would benefit a great deal from the network of companies HRCT has built up to now. Are there any name brands in particular that have expressed a desire to use the HRCT network as their primary pipe line to China IT customers?

A: Most of the top technology brands in the world have already entered into China and quite a few have discussed possibilities with our subsidiaries. Again, the market conditions are very dynamic and our competitors are very active as well. The growing size of revenue and profit will be the indicator of a successful network. Of course, the more successful you are, the more opportunities you attract.

Q: If the company tries to become the third largest IT-merchant in China, when do you think to achieve this goal, approximately?

A: We aim to achieve this goal by the end of 2005.

Q: If it has become the third largest IT-merchant, which companies are the leaders, namely Legend or Founder? (Then we might be the largest non stated-owned distributor?)

A: The largest IT distribution company is China Digital, which Legend has the majority interest.

Q: At which rank in the list of the IT-business companies in China are we in the moment, just to have an idea of the march to walk?

A: We believe we are ranked as one of the top 10.

Q: Will Hartcourt subs ever expand its operations to include other Non IT related products? What other items do the HRCT subs focus on besides PC`s. Phones maybe?

A: Our definition of IT products is the complete range of digital and electronic devices used in the IT industry. They include PC hardware, software, game, consumer electronics, PDA, phone and accessories etc…

Q: How long do you plan on keeping this low profile strategy in place? With roughly 80 million restricted shares coming to market over the next year, I would think you`d have to switch to a high profile strategy (Media blitz) to counter/absorb the affects of massive dilution. Do you have a feel for how the 4 acquisitions which now own millions of restricted shares of HRCT plan to use them?

A: Total restricted shares issued to the owners of the subsidiaries were about 40 Million. Like all shareholders, the reason why they accepted (bought) these shares was their strong belief in the fast growth curve of Hartcourt ‘s bottom line (revenue and profit). It was and still is the best performing stock this year, from share price to bottom line. They had other alternatives before buying into Hartcourt. To think that they would trade HRCT for inferior products when we are still growing and on top of the game is too irrational. We are confident that they would remain to be HRCT long-term shareholders, just like you.

Q: I have noticed that HRCT is advertising to fill job openings within the company. Is the workload becoming a problem for the current amount of working staff on hand? Will Hartcourt need to recruit a significant amount of new employees to keep up with the added workload as it grows?

A: A growing, successful company always needs new talents. However, the ratio of cost vs. benefit has to be maintained. We have a very productive work force doing what we doing. The workload is tremendous and the demand is constant. Yet, we are very selective and there is no immediate need to hire lots of people.

Q: Will there be any other issues of China Report? Is there a plan to merge or sell it to any interested party that would continue the magazine and/or web site?

A: We are in discussion with several publishers to have China Report continue independently, both on line and offline. We are determined to focus on the IT distribution business.

Q: The Elephant Talk restricted share distribution appears to have its problems for shareholders. There is the paperwork required and if you hold certificates, the cost to have the certificates replaced with the restriction removed (some brokerages will not assist or accept 144 shares), make the dividend much less attractive for HRCT shareholders. Is there any way to simplify the process for future spin offs?

A: Unfortunately, we had not foreseen the cost of rules and regulations imposed by some of these brokers. We learned the lesson and shall try to have the shares registered before distribution.

Q: One of the goals for the next year is to leave the OTC. Hartcourt has mentioned applying to another exchange in previous Q&A`s. Does this mean there is little chance for Hartcourt to do a reverse merge to gain access to the bigger exchange? Would Hartcourt prefer to apply rather than do the reverse merge? Pros/Cons?

A: Since it is a major issue demanded by most shareholders, we will have to study all options before deciding. Again, the cost-benefit ratio is a major consideration.

Q: The PC industry is booming in China. How many years do you believe the HRCT subs have before there is a slowdown in PC sales? What will be the plan to counter a possible slow down?

A: According to IDC research, IT industry in China still is growing at 18-22% before 2006. Because of low PC home penetration, technology adoption by SME`s and increased demands by governments, financial and educational institutions, we believe the growth will continue until 2010.

Forward-looking statements
The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this document pertains. The actual results of the specific items described in this document, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this document, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[McCorry]

wichitge Infos an alle Hartcourtler:

die neue webseite von http://www.hartcourt.de ist freigeschaltet:

-unter anderem habt ihr da auch die möglichkeit unter dem bereich " presseservice" folgendes in anspruch zu nehmen:

Wir freuen uns, dass Sie sich für The Hartcourt Companies, Inc. interessieren.
Hier können Sie sich online für unseren Presseservice registrieren, um zukünftig direkt und ohne zeitliche Verzögerung alle Veröffentlichungen per E-Mail oder Fax zu erhalten.

Auf Wunsch senden wir Ihnen gerne auch unsere Pressemappe mit umfangreichen Informationen über unser Unternehmen zu.

Alle Daten werden selbstverständlich vertrauensvoll behandelt und nur für den angegeben Zweck verwendet.

[e-mail]

http://www.hartcourt.de

grüße
MC

[asiate]

Hey

noch eine Neuheit

Finanzdirektorin von Dell (China) wechselt zu Hartcourt

http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

Bis dann

[aktientiger2]

In USA scheinen doch die Leute zu sitzen, die diese
Meldung für gut befinden.

Gooooooooooo!!!!

[asiate]

Hey

Hartcourt akquiriert chinesischen IBM-Vertragshändler
Hartcourt gibt Übernahme der Unternehmensgruppe Beijing Challenger bekannt, eines großen Vertragshändlers von IBM-Produkten

Übernahme soll 65 Mio. USD Umsatz und 1,22 Mio. USD Reingewinn bringen

Los Angeles (ots) - The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, Chinas am schnellsten wachsende IT-Vertriebs- und Einzelhandelsgesellschaft, gab heute den Abschluss eines endgültigen Vertrages über die Übernahme von 51% Prozent der Unternehmensgruppe Beijing Challenger bekannt, bestehend aus vier hundertprozentigen Unternehmen mit Sitz in Peking und einer in Shanghai. Mit der Challenger-Übernahme steigt Hartcourt in die Top 5 im IT-Vertriebs- und Einzelhandelssektor auf und betritt den sehr wichtigen nordchinesischen Markt.

Der Kaufpreis für 51 Prozent der Challenger beträgt 31,3 Mio. RMB (3,8 Mio. USD), zahlbar in 6.324.748 nicht zum Handel zugelassenen Stammaktien von Hartcourt, berechnet zum Kurs von 0,60 USD je Aktie, und einer Investition von 5 Mio. RMB (610.000 USD) in eine der hundertprozentigen Tochtergesellschaften von Challenger, um deren Wachstum zu verstärken. Das Managementteam der Gruppe wird die übrigen 49% von Challenger halten.

Die 1995 gegründete Challenger-Gruppe ist gegenwärtig einer der wichtigsten regionalen Vertriebs- und Marketingpartner für IBM (www.ibm.com/cn). Die fünf Tochtergesellschaften von Challenger sind auf das gesamte Spektrum von IBM-Produkten spezialisiert, darunter NT-Server, UNIX-Server, Speichereinrichtungen, Notebooks und Desktop-Computer, und bieten zudem ein komplettes Sortiment an integrierten Lösungen für ihre Kunden in den Sektoren Wirtschaft, Bildung, Verteidigung, Bankwesen, Telekommunikation und Regierung.
Ihr Vertriebsnetz erstreckt sich über den nordchinesischen Markt mit Beijing, Tianjin, Shandong, Shanxi, Hebei, Henan und der Inneren Mongolei.

Für die ersten 10 Monate 2003 wies Challenger Konzernumsätze von 448 Mio. RMB (54,4 Mio. USD) und einen Gewinn von 8,4 Mio. RMB (ca.1,0 Mio. USD) aus. Die Umsatz- und Reingewinnprognosen für 2003 belaufen sich auf 537,6 Mio. RMB (65,2 Mio. USD) bzw. 10,1 Mio. USD (1,22 Mio. USD). Die 5 Hartcourt-Tochterunternehmen Huaqing, Guowei,
Newhuasun, Zhongnan und Pengyang werden voraussichtlich Umsätze von 1.530 Mio. RMB (185 Mio. USD) und einen Reingewinn von 26 Mio. RMB (3,2 Mio. USD) im Jahre 2003 erzielen. Der Jahreskonzernumsatz und -gewinn dieser beiden Gruppen würde 250,2 Mio. USD bzw. 4,19 Mio. USD betragen.
Jetzt die neue TIGER&DRAGON Ausgabe (ROHSTOFFE) bestellen 17.12.03 (rh)

http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

Bis dann

[jobser]

Glaube, dass es dieses Jahr keine Weihnachtsgeschenke mehr gibt

[biglebovsky]

Glaube, dass es dieses Jahr keine Weihnachtsgeschenke mehr gibt


Dann ruhen alle unsere Hoffnungen auf dem Osterhasen !!!

[lui2]

die Orderbücher im Netz sind auch nur Fack!!
Habe seit gestern einige 1000 HRCT im Ask bei $ 0,62.

Aber im Orderbuch ist überhaupt nichts zu sehen
mit 0,62????

siehe: http://www.otcbb.com/asp/mp_quotes.asp?Sort=4&Quotes=HRCT&Bo…

Was soll man davon halten?

[new_investor]

#lui2
wenn du etwas nicht verstehst muss es nicht unbedingt ein Fake sein. Der MM der deine Shares verkauft muss erst mal die ask´s bei 0,615 loswerden bevor dein Order von 0,62 zum vorschein kommt.

Kursziel ... ach ihr wisst schon

Schau mer mal

[new_investor]

Interessantes Interview mit David Chen

Financial Relations Inc: HotStockChat.com announces interview with DavidChen, CEO of The Hartcourt Companies

Virginia Beach, VA, Dec 17, 2003 (M2 PRESSWIRE via COMTEX) -- HotStockChat.com today announced that an interview with David Chen, CEO of the Hartcourt Companies, Inc, (OTCBB: HRCT) (Frankfurt: 900009) is now available at HotStockChat.com. During the interview, Mr. Chen discusses Hartcourt`s latest business including the acquisition of Beijing Challenger group of companies, Company revenues, net profits, growth strategy as well as the capital structure of the HRCT common stock.

The interview can be accessed at www.hotstockchat.com/hrct.htm

About HotStockChat.com

HotStockChat.com is a media and information site dealing with the OTCBB, Pink Sheets, AMEX and NASDAQ stock markets. HotStockChat.com produces quality and timely audio content that is unique and offers market participants and investors a different look at the markets. Audio interviews are regularly conducted with company officials as well as individuals associated with the stock markets. Market statistics and updates on individual stocks of interest are transmitted to HotStockChat.com subscribers daily via email and are posted at the web site at www.hotstockchat.com by early afternoon each weekday.

HotStockChat.com also assists publicly traded companies by providing consulting services and a variety of financing options as well as assisting privately owned companies with financing through reverse mergers.

[lui2]

new_investor

so....???

..und warum kommen dann aber die ASK von 0,65 usw zum vorschein???

Hast Du Dir die Seite überhaupt angeschaut, bevor Du mir "kompetente" Antwort geben willst?

[new_investor]

#lui2
Nochmal ganz langsam zum mitschreiben:
Dein MM, nehmen wir mal an es ist NITE ist zur Zeit bei b0,605 / a0,615. Bevor dein order von 0,62 zum vorschein kommt müssen erst mal alle orders bei 0,615 bedient werden. Erst danach wird NITE den ask kurs hochtaxen und siehe da dein verkaufkurs wird sichtbar.
Es ist dir bestimmt nicht entgangen, daß jede MM nur einmal aufgeführt ist nämlich bei der jeweiligen aktuellen b/a kurs (siehe unten) !!
Ich hoffe diese antwort ist für dich kompetent genug.

MPID bid - size ask - size
NITE 0.605 2500 0.615 2500
HILL 0.600 2500 0.650 2500
CRWN 0.600 2500 0.660 2500
GVRC 0.600 2500 0.615 2500
SCHB 0.590 2500 0.615 2500
WIEN 0.590 2500 0.710 2500
VIEW 0.580 2500 0.615 2500
JEFF 0.570 2500 0.700 2500
TDCM 0.570 2500 0.670 2500
SEAB 0.560 2500 0.720 2500
PERT 0.555 2500 0.770 2500
SACM 0.550 2500 0.870 2500
CARR 0.530 2500 1.010 500
DOMS 0.520 2500 1.010 500
FRAN 0.520 2500 0.900 2500
MAYF 0.510 2500 0.900 2500
BAMM 0.510 2500 0.700 2500
NATL 0.460 5000 0.965 2500
NAIB 0.445 5000 1.010 500
BMIC 0.340 5000 0.890 2500
VFIN 0.250 5000 0.860 2500
FRGP 0.200 5000 1.010 500
VNDM 0.200 5000 2.000 500
BWNC 0.100 5000 2.000 500
QUIN 0.100 5000 0.840 2500
EFGI 0.001 5000 0.860 2500

Schau mer mal

[new_investor]

Für alle die den interview mit David Chen noch nicht angehört haben.

Quelle: http://www.hotstockchat.com/hrct.htm

Interview Transcript

Tom Allinder interviews David Chen, CEO and Chairman of The Hartcourt Companies, Inc. (OTCBB: HRCT)

Having covered that, David Chen is our guest today. Mr. Chen, thank you for joining us for the interview today.

David: Thank you, Tom.

Tom: Can you give us a brief summary of the business of the Hartcourt Companies?

David: Sure. Hartcourt is one of China’s fastest-growing companies in the IT distribution and retail service sectors. We have currently six companies covering all major regions of China.

Tom: Okay. One of the reasons that we’re doing this interview is the fact that your company disseminated some very significant news today and that’s the acquisition of Beijing Challenger Group of companies. Can you give our audience some details on this acquisition – how it fits into Hartcourt’s business plan and what it means to Hartcourt’s bottom line?

David: Sure. Hartcourt’s growth strategy is to acquire controlling interest in profitable companies with proven management in key areas of China. The recent acquisition of Hartcourt including six key IT distribution and retail services companies covering all major regions of China that has the highest GDP per capita in China, the Challenger Group acquisition, on the projected revenue basis, will bring to Hartcourt about $65 million (US) on an annualized basis, and $1.2 million in profit on an annualized basis.

Tom: Okay. If my research is correct, this will put Hartcourt over $200 million in annual revenues; is this correct?

David: That’s right. As a matter of fact, this will bring Hartcourt’s revenue to $250 million US dollars in annualized revenue and about $4 million US dollars annualized net profit.

Tom: All right. How about net income? Where do you stand as far as your net income is concerned?

David: As we talked about earlier, it’s about $4 million (US) on an annualized basis.

Tom: Okay. Mr. Chen, can you give us a little bit of background on your experience?

David: Sure, Tom. I was born in China, raised in Australia. I was educated in Australia. I went to the Monash University in Melbourne. I worked for a number of international companies including Time Warner for a number of years. I’ve been running companies in China for the last four years. I consider myself very experienced in operating international companies in China, such like Hartcourt, which I’ve been with for the last two years.

Tom: Okay. You’re growing Hartcourt through strategic acquisitions; do you expect to continue this sort of growth strategy?

David: Absolutely. We have grown from $2 million (US) annualized revenue to $250 million (US) annualized revenue in the year 2003 alone. Our objective is to double the current numbers to reach $500 million (US) annualized revenue in a year’s time, which is by the end of year 2004.

Tom: Okay. China has the fastest growing economy on the planet; do you foresee this to continue to be the case over the next few years?

David: Absolutely. China has had fantastic growth for the last ten years... and International World Expo coming to Shanghai and I believe that growth will continue and we believe Hartcourt will benefit tremendously from that growth.

Tom: All right. How well is Hartcourt financed to continue your growth? It would seem to me that Hartcourt itself is self-sufficient, given your revenues and net income; is that true?



David: Yes. We are in a very strong financial position. We have currently $8 million US cash on hand. We have many alternatives in looking at a lot of different investment opportunities and we will pick the best options.

Tom: Okay. The capital structure for HRCT – how many shares outstanding and what’s in the public float?

David: At the moment we have about 160 million shares outstanding; about 100 million shares in the public float.

Tom: All right. Are there any plans to significantly change this structure over the next year or so?

David: We don’t have plans to do so.

Tom: Has Hartcourt contemplated a stock buy back?

David: Yes; however, that depends on timing and market conditions. We’ll consider that when the timing is right.

Tom: Okay. Where do you expect to see Hartcourt a year from now, with regard to growth, revenues, net income, etc?

David: Like we said before, we aim to grow Hartcourt so that it will reach $500 million (US) in annualized revenue, and that’s about $8 million in annualized profit, which is double what we’re doing now. We also expect to double our cash positions so we expect to see much stronger fundamentals than today by the end of next year.

Tom: Okay. Do you plan to move to a more senior exchange any time in the next year or so?

David: Yes. We eventually plan to apply to either NASDAQ or AMEX in the first quarter in the year 2004.

Tom: Well, that’s certainly pretty close then. Where can investors go to get more information on your company?

David: Detailed information from Hartcourt can be obtained from our website, that’s www.hartcourt.com. That’s spelled H-a-r-t-c-o-u-r-t, Hartcourt. Thank you.

Tom: All right, Mr. Chen. Thank you so much for taking the time to do the interview today. Certainly a pleasure speaking to you regarding the Hartcourt Companies.

David: It’s my pleasure, Tom. Thanks.

End

[new_investor]

Christmas Letter vom letzten Jahr (siehe unten)! Die Pläne wurden umgesetzt und die Ziele für 2003 wurden erfüllt. Bin gespannt auf die diesjährige Christmas-Letter

schau mer mal

Dear Friend:

From all Hartcourt employees, a warm greeting and best wishes for A GREAT CHRISTMAS and WONDERFUL NEW YEAR. May good luck be your best companion throughout.

It’s also that time of the year to go through our achievements and failures to learn and prepare for the new beginning.

2002 was a watershed year for Hartcourt. On management, Dr. Ching stepped down and David Chen took over the rein of Hartcourt. The company moved its operational headquarter to Shanghai to be right on the front line. The overhead expenses were reduced dramatically to ensure a profitable result in 2003. ETLK successfully went public in January and spun-off in October. ETLK dividends were paid, equaling 6 percent annual return. The Hogue judgment of $2.3 Million was set aside. Disposal of old assets is being carried out at the same time of new acquisition. In spite of doubters, the annual shareholders meeting in LA was successfully completed.

On the other hand, 2002 witnessed the worst stock market downturn. China hi-tech and financial sectors were also affected by global recession, despite a strong gain in GDP and manufacturing sector. Hartcourt had to struggle with dwindling resources and personnel changes. The business plan to build 5 powerful divisions must be scaled down dramatically. Despite WTO, new opportunities were slow to develop due to lack of adequate funding. Strategic partnerships were idled due to internal problems of major multi-nationals caused by the stock market crash. Public and investor relation campaign failed to generate any investor interest. Management had to face daily complaints and challenges from laid-off employees and dissatisfied shareholders.

Over all, we think the worst was over with 2002. A new chapter in Hartcourt history will be written in 2003. The following plan will be executed:

New acquisitions would result in a profitable fiscal year and stronger financial position;
Spin-off of existing assets should deliver more dividends to shareholders;
New PR program should bring in new investors and financiers if stock markets return to normalcy;
Additional listings in BBX, Hong Kong GEM and other exchanges would be sought to facilitate 24-hour trading of HRCT and its subsidiaries.
None of the above is too ambitious, and if we could complete any one of these plans, shareholders value should increase tremendously. In a way, we are lucky because we have hit the bottom of the pit and there is no other way but up.

We sincerely apologize for all the mistakes, delays, disappointments and inconvenience suffered by our loyal shareholders. Sometimes, the best intention is not sufficient. However, we are still here and we still believe in our goal and mission. No one can defeat us, except ourselves. We will give 110 percent of our heart and our brain in 2003 to make up for the lost years. We will never give up until Hartcourt fulfill its promise.

We would like to share with you the wisdom of an old Chinese sage,” Within me is infinite power, before me is endless possibility, around me is boundless opportunity…why should I fear?”

Let us say goodbye to 2002 and welcome 2003 with all our heart.

As always,

Hartcourt

[traderofthelord]

Warum endet die PRESS ROOM-Seite auf der HRCT-Webside seit Tagen bei Monat 07?
Hat jemand eine Antwort parat?

Servus.

[new_investor]

HRCT Christmas Letter!


Dear Shareholders:
It`s that magical season again and all Hartcourt employees would like to send you and your family our warmest greeting for a BEAUTIFUL JOYOUS CHRISTMAS and the BEST YEAR EVER IN 2004.
We are grateful that you have stayed with us during the worst downturn of the stock markets; we hope that you will stay on to enjoy the coming achievements that are uniquely Hartcourt`s.
A year ago, we set forth 3 simple goals: a profitable 2003, a new direction with major acquisitions, and more spin-offs to gain dividends for you.
We all have given our best and despite many unseen challenges, we have delivered our promise.
This year, we will make it simple again: double the revenue and profit, obtain listing in a better exchange, and start promoting Hartcourt to institutional investors.
Some of you have questioned us repeatedly about our reluctance to launch a major PR-IR campaign for Hartcourt. Our situation is similar to any artist or scientist who does not want to show off his half-finished work. When Hartcourt become the third largest IT product distribution company in China with over $500 million in revenue, we will be ready for Wall Street. Big time.
We will pursue this goal with all our heart, brain and muscles. We want to make sure that 2004 will be the year of becoming. The year we will show the world what Hartcourt is all about. The year we graduate and join the elite club.
If you like our records in 2003, you`ll love our performance in 2004. Let us welcome the New Year with confidence, diligence and deliverance. We always remember this teaching of Mencius, " Success is never an accident; it is the result of high intention, sincere effort, intelligent direction, skillful execution and the vision to see obstacles as opportunities."



As always,
Hartcourt

[new_investor]

Hartcourt´s Weihnachtsbrief

Lieber Aktionaere:

Alle Hartcourt Mitarbeiter wuenschen Ihnen und Ihrer Familie ein frohes Weihnachtsfest und einen guten Rutsch ins Jahr 2004.

Wir sind Ihnen dankbar, daß sie uns waehrend diesem schlechten Boersenumfeld die Treue gehalten haben und wir hoffen, daß sie auch weiterhin bei uns bleiben, um die kommenden Erfolge mit uns genießen zu koennen.

Im letzten Jahr hatten wir 3 einfache Ziele: ein profitables 2003, einen neuen Businessplan mit bedeutenden Uebernahmen und Boersengaenge, um Ihnen die Dividende zukommen zu lassen.

Das gesamte Team hat ihr Bestes gegeben und wir haben unsere Versprechen trotz vieler unvorhersehbarer Schwierigkeiten eingehalten.
Dieses Jahr werden wir wieder einfache Ziele haben: unseren Umsatz und Gewinn verdoppeln, einen Wechsel an einen besseren Boersenplatz und Hartcourt den Institutionellen Anlegern zu praesentieren.

Einige von Ihnen haben uns nach unserer Zurueckhaltung fuer eine grosse PR-IR Kampagne fuer Hartcourt gefragt. Unsere Situation ist aehnlich wie bei einem Kuenstler oder Wissenschaftler, die keinem eine halbfertige Arbeit zeigen moechten. Wenn Hartcourt China´s drittgroesster IT-Produkt Vertrieb mit ueber US$500 Mio Umsatz ist werden wir fuer die "Wall Street" bereit sein.

Wir verfolgen dieses Ziel mit unserem Herzen, Gehirn und Muskeln. Wir werden dafuer sorgen, dass 2004 unser Jahr wird. Das Jahr wird der Welt zeigen wer Hartcourt ist. Das Jahr, indem wir dem "Elite Klub" beitreten.

Wenn Sie unsere Ziele im Jahre 2003 gemocht haben, dann werden sie die Performance in 2004 lieben. Lassen Sie uns das Neue Jahr mit Zuversicht und Fleiss beginnen. Wir denken immer an die Lehren des chinesischen Philosophen Mencius: "Erfolg ist kein Unfall; es ist das Ergebnis hoher Ziele, aufrichtiger Bemuehungen, intelligenter Fuehrung, geschickter Ausfuehrung und dem Weitblick Hindernisse als Gelegenheiten zu sehen.

Mit freundlichen Gruessen

Hartcourt

[Lan]

das hört sich gut an

[AndreasSchulz]

Umsätze steigen!
Frohes Fest
Andi

[new_investor]

Große Blöcke gehen gerade über den Tisch!
Wissen vielleicht ein paar leute was?

Denke das dämnächst kurstreibende news kommen und unser Baby aus seinem Dornröschenschlaf erwacht.
Kursziel ... wisst ihr schon!

Schau mer mal

14:51:11 0.630 22500 OTCBB at Ask
14:39:45 0.620 200 OTCBB
14:34:51 0.620 58800 OTCBB
14:34:21 0.630 12000 OTCBB at Ask
14:26:51 0.625 2000 OTCBB
14:26:24 0.625 2000 OTCBB
14:02:03 0.620 600 OTCBB
13:55:57 0.620 2500 OTCBB
13:36:58 0.625 5000 OTCBB
13:14:58 0.625 2000 OTCBB

[traderofthelord]

Geht jetzt vielleicht der neue Anfang endlich los?!?

Ciao.

[Stock Crackie]

Neee, neee das ist nur HRCT die 3.Show (gibt es jetzt immer vor den Quartalzahlen)!! Das sind die ersten drei ahnungslosen Privatanleger, die ihr ganzes Taschengeld in HRCT investiert haben, weil Sie denken, es könnten noch 20 andere ahnungslose Privatanleger folgen, die das gleiche machen in den nächsten 2 Wochen.
Wer rechtzeitig sein Taschengeld wieder einsammelt, hat gewonnen.

S. Crackie

[new_investor]

@crakie
Stell dir vor,da gibt es ein paar Privatanleger die mal soeben 30.000 oder 32000 oder 20000 Hrct Aktien mit ihrem Taschengeld gekauft haben.

@traderofthelord
Es geht seit 02.2003 wieder aufwärts!
Highligts 2003
Aus einem Pleitekandidaten (ende 2002) wurde Hartcourt dank der lezten Deal´s ein solides profitables Unternehmen.
Einstellung eines hochkarätigen Managementteams
6 Aquisition´s mit Gesamtumsatz 250 Mio.
Alle aquirierten Unternehmen arbeiten seit Jahren profitabel
Verzehnfachung des Kurses 0,06-->0,64
Verzwanzigfachung des Börsenwertes 5,4Mio -->105,6Mio
über 8Mio.$ Cash (Challenger noch nicht berücksichtigt!)
usw.

Gleiche performance von 2003 wird in diesem Jahr schlechtenfalls wiederholt oder bestenfalls getoppt! was wollen wir mehr?

Geduld.....

Schau mer mal

[Stock Crackie]

@New Investor

Denkst Du bei Stückzahlen von 20000 - 30000 handelt es sich um institutionelle Anleger ?

Aber ganz sicher nicht. Da musst Du schon noch 1 oder 2 Nullen dranhängen !!!

Zu den 32000 zu 0.52 kann ich Dir folgendes sagen. Das mindestens 2 Käufer bedient wurden. Einer etwa zu 10000-15000 Stück, der Rest auf weitere.

Bin aber dennoch leicht optimistisch, dass HRCT zur Zeit ne gute Partie ist. Ich würde jetzt einsteigen, weil die Chance, dass HRCT nächste oder übernächste Woche 20%-30% Prozent hinlegen könnte doch recht groß ist, oder ? Zumindest kurzfristig! Alle sind auf die Zahlen gespannt.

S.Crackie

[traderofthelord]

@new_investor

Na das ist doch schon mal ein netter Anfang (+0,08UScent / +12,70% / VOL 1.489773!!!).

Danke für Deine kurze Zusammenfassung der wichtigsten Errungenschaften unseres Investments.
Der Turnaround in profitables Geschäft ist voll im Gange und wird sich letztendlich auch in Kursregionen von > 1Euro demnächst wiederspiegeln.
Wünsche ein angenehmes WE.

Ciao.

[new_investor]

Aus dem HRCT-IHUB Board:

Hartcourt Hoehepunkte 2003

1. Uebernahmen

a) HuaQing - Ist die der erste Uebernahme in Hartcourt`s neuem Geschaeftsfeld. Shanghai HuaQing ist ein führender Anbieter von IT, elektronischen und digitalen Bauteilen, Logistik und anderen Mehrwertdiensten. HuaQing hat enge strategische Beziehungen zu den Hauptanbietern von Computer-Produkten entwickelt, einschließlich Intel, Sony, Philip, Kingston, usw.. Seit 1998 ist das Unternehmen der alleinige Distributor von Samsung-Monitoren in Shanghai und der Provinz Zhejiang.
http://www.shanghaihuaqing.com

**1) Pengyang - HuaQing erwarb kuerzlich 100% von Pengyang, einen bedeutenden Notebook Vertriebshaendler in Shanghai. Die Firma ist ein bedeutender Vertriebs- und Einelhaendler fuer HP, IBM, BENQ, ASUS und Compower. Die Filialen bieten auch Notebooks und Zubehoer von Samsung, Fujitsu, Compaq, Toshiba und Intel an.
http://www.shtip.com.cn/summit/default.asp
** Tochtergesellschaft von HuaQing

b)GuoWei - 180 Mitarbeiter, 13 Einzelhandelsgeschaeffte, die 11 Bezirke in Shanghai. Guowei Science and Technology Ltd. die Bereiche Verkauf von Computerkomponenten, Softwareentwicklung und das Design der IC-Bausteine mit einbezogen, um eine dominierende Stellung in der Computerindustrie zu erreichen. Sie sind ebenfalls der führende Online PC Vertrieb für Computerprodukte in Shanghai über www.12diy.com.
http://www.guowei.com.cn

c)ZhongNan - Mit einer Marktdominanz von über 30 Prozent des lokalen Marktes hat sich die ZhongNan Gruppe zu einem beachteten und respektierten Computerhandels- und -vermarktungsunternehmen mit vielen Partnerschaften zu internationalen und heimischen Marken entwickelt. Mit etwa 200 Mitarbeitern besitzt und betreibt das Unternehmen 16 Geschäfte, welche alle größeren Städte in der Provinz Zhejiang einschliesslich Hangzhou, Wenzhou, Taizhou, Ningbo, Jinhua, etc. abdecken. ZhongNan ist ein vertrieb von Monitoren, digitalen Produkten, PCs und PC-Zubehör; es etablierte strategische Partnerschaften zu vielen Weltmarktführenden IT-Herstellern und wurde Wahlpartner für viele einheimische und internationale Marken wie IBM, HP, DELL, Intel, Philips, Sony, Samsung, Legend, Asus, MSI, Haier, Hedy, etc.
http://www.zncomputer.com.cn

d)NewHuaSun - Guangdong NewHuaSun Computer Co. Ltd. hat 80 Mitarbeiter, besitzen 5 große Warenhäuser sowie über 60 Filialen und Tochterbüros in den Städten Shenzhen (wirtschaftliche Region), City of Shantou (Guangdong Province), City of Changsha ( Hauptstadt der Hunan Province), City of Nanning (Hauptstadt der Guangxi Province) sowie City of Haikou ( Hauptstadt der Hainan Province).
Guangdong NewHuaSun Computer Co. Ltd wurde vor kurzem durch " PC Online" http://www.pconline.com.cn/ zu einem der Top Computer Vermarkter in Südchina, mit einem Marktanteil von 26,7%, gewählt.
Im Laufe der letzten 5 Jahre hat NewHuaSun eine große Partnerschaft zu Samsung Electronics, eine der führenden IT Firmen weltweit, aufgebaut. Sie sind der exklusiv Vertrieb für Samsung Monitore, welcher derzeit der meißtverkaufteste Monitor in Südchina ist (www.samsungmonitors.com.cn). Zusätzlich vermarktet NewHuaSun weitere Computerkomponenten, Laptops und Digitalprodukte von Samsung und ist derzeit der größte Hauptvertriebshändler für Samsung Computerprodukte in China. Sie haben über 300 Verteiler und 500 Firmenkunden wie beispielsweise: China Mobile, China Southern Airlines, Sinopec, Guangzhou Honda Auto, China Merchant Bank, ZTE, und viele führende lokale Firmen, sowie Regierungsabteilungen und Agenturen.
http://www.newhuasun.com.cn

e)Challenger Group - Beijing Challenger Group wurde 1995 gegründet und ist gegenwärtig einer der wichtigsten regionalen Vertriebs- und Marketingpartner für IBM (www.ibm.com/cn). Die fünf Tochtergesellschaften von Challenger sind auf das gesamte Spektrum von IBM-Produkten spezialisiert, darunter NT-Server, UNIX-Server, Speichereinrichtungen, Notebooks und Desktop-Computer, und bieten zudem ein komplettes Sortiment an integrierten Lösungen für ihre Kunden in den Sektoren Wirtschaft, Bildung, Verteidigung, Bankwesen, Telekommunikation und Regierung. Ihr Vertriebsnetz erstreckt sich über den nordchinesischen Markt mit Beijing, Tianjin, Shandong, Shanxi, Hebei, Henan und der Inneren Mongolei.
http://www.changdegroup.com

2. Management und Aufsichtsrat

a) David Y. Chen (ehem. Marketing Direktor bei CNN) - Hauptgeschäftsführer und Vorstandsvorsitzender (vorläufig)
b) Ms. Carrie Hartwick (ehem. Finanzdirektorin bei Dell) - Präsidentin und Finanzdirektorin
c) Julia Zhang (ehem. Rechtsanwaeltin bei Albright firm Lawyer) - Innerbetriebliche Anwältin
d) Richard Yan (ehem. Finanzdirektor bei KPMG) - Finanzdirektor
e) Billy Wang (Manager NCH China) - Aufsichtsrat
f) XiaoYang Li (Geschaeftsfuehreder Teilhaber von Anwaltskanzlei King and Wood) - Aufsichtsrat
g) Goeffrey Wei (vorlaeufiger Finanzdirektor, Vizepraesident und Hauptbuchhalter von Netease) - Aufsichtsrat

3. Umsatz- und Gewinnanstieg
a)Umsatz 1. Quartal $ 5,722,349 Verlust ($186,916)
b)Umsatz 2. Quartal $ 28,112,109 Gewinn $463,387
c)Umsatz 3. Quartal $ 33,665,719 Gewinn $514,204

4. Anstieg des Aktienkurses
a) 2. Januar 2003; Schlusskurs US$.065
b) 2. Dezember 2003; Schlusskurs US$.64

5. Weitere Neustrukturierungen von Hartcourt`s Beteiligungen
a) Die ersten zwei Ausgaben des China Report - Wird demnaechst an eine interessierte Gesellschaft verkauft werden oder fusionieren
b) Sinobull - Fusion mit GTI, grosser Finanzdatenanbieter
c) FTL - Wird in Kuerze am OTC handelbar sein und Aktionaere bekommen eine Dividende

6. Ziele 2004
a) Umsatz auf US$500 Mio steigern
b) Wechsel an einen bedeutenden US Boersenplatz

Weitere Info´s zu HRCT....
http://www.investorshub.com/boards/board.asp?board_id=1456
http://www.hartcourt.com
oder die Deutsche Hompage
http://www.hartcourt.de

[McCorry]

http://www.mccorry.de
gebt euren tip ab

[Abendrot1971]

Hi...wo wird denn morgen früh in Frankfurt der erste Kurs ca. sein! Wer hat denn eine Meinung dazu...will mich eindecken...!

[Gurki]

Ich rechne mit 0,60 EUR !! Wie ... Du willst Dich eindecken !?

Jetzt aber husch , husch !!

[Gurki]

Treffer

Eröffnung 0,60 EUR

Mal schaun , ob unsere Freunde aus Übersee heute Nachmittag bei uns einkaufen !?

[kyron7htx]

#341

doll war das aber noch nicht mit dem eindecken

[Vipermann1]

Hi,

unsere " Freund " haben heute frei.

ToM !

[traderofthelord]

Lasst die Amis doch erst einmal ausschlafen, danach wird die ein oder andere Order von Uebersee schon eintrudeln und die Aktie auf ihrem Weg nach oben weitertreiben.

Ciao.

[jobser]

Kann mir jemand sagen, wann das Jahresendergebnis kommt?
Danke und eine schöne Woche!

[traderofthelord]

Na dann eben morgen den Steilpaß spielen!!!

Ciao und gute N8.

[Franz Beckenbauer]

@jobser

Müßte Anfang bis Mitte Februar kommen

Franz

[asiate]

Hey

hats wer gekauft und stellt es rein

HARTCOURT - Wachstum durch neue Strategie

http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

Bis dann

[kyron7htx]

Wer schmeißt denn jetzt in Fra bei 0,58.
Nur Kurzfristzocker?! Ts, ts, ts.........

[wunderlich]

Financial Relations Inc: HotStockChat.com Reports on Stocks of Interest and Stocks on the Move on the OTCBB for January 20, 2004
HotStockChat.com also announces availability of Trading Shells and Online Store
Virginia Beach, VA, Jan 20, 2004 (M2 PRESSWIRE via COMTEX) --
HotStockChat.com`s morning scans of moving stocks on the OTCBB and Pink Sheets revealed a large list of stocks on the move today. Volume is heavy on the OTCBB so far today.

Among Stocks of interest today, Point Group Holdings Inc. (OTCBB: PGHI) is back near .06 on good volume so far today. The breakout level for the stock is around .062. Viper Networks Inc (OTC Pink Sheets: VPER) has reached a new 52-week high today and is higher for the 6th straight trading session. As mentioned during the radio show last Friday at TradersNation.com, IPVoice Communications, Inc. (OTCBB: IPVO) has begun to move up this morning. Other stocks on the move and of interest include Integrity Messenger Corporation (OTC Pink Sheets: IGYM) which announced this morning that it has become a new publicly traded company effective as of January 16, 2004 and The Hartcourt Companies, Inc, (OTCBB: HRCT) (Frankfurt: 900009).

These stocks and many more will be discussed by Kurt Schemers, Host of TradersNation.com and Co-host Tom Allinder of HotStockChat.com on the Traders Nation Radio Show at http://www.tradersnation.com/radio.shtml aired at 11:00AM EST every weekday morning. The entire list of stocks mentioned during the show can be seen at http://www.hotstockchat.com shortly after the end of the radio show.

Today`s Statistics for the OTCBB as of 10:27AM EDT are as follows: Advancing Issues: 571 Declining Issues: 385 Unchanged Issues: 350 New Highs/New Lows: 55/02 Total Volume: 409,622,368

About HotStockChat.com

HotStockChat.com is a media and information site dealing with the OTCBB, Pink Sheets, AMEX and NASDAQ stock markets. HotStockChat.com`s newly updated site includes a page on availability of trading shells at http://www.hotstockchat.com/shells.htm and an online store. HotStockChat.com also produces quality and timely audio content that is unique and offers market participants and investors a different look at the markets. Audio interviews are regularly conducted with company officials as well as individuals associated with the stock markets. Market statistics and updates on individual stocks of interest are transmitted to HotStockChat.com subscribers daily via email and are posted at the web site at http://www.hotstockchat.com by early afternoon each weekday.

HotStockChat.com also assists publicly traded companies by providing consulting services and a variety of financing options. HotStockChat.com also assists privately owned companies with financing through reverse mergers.

About TradersNation.com

TradersNation.com is a leader in the small cap community for providing syndicators and Website visitors current market trend commentary and delivering that content via an audio program produced `LIVE` Daily. Outside markets are also covered with breaking news and interviews of newsmakers. Traders Nation is currently syndicated online with 99 sites carrying the program. Traders Nation is available through an embedded link titled "Radio" via the Media button in the financial software, Quotestream, that when clicked will transport the end user to a pre-determined webpage hosted by TradersNation.com and can also be heard on RagingBull.com and other Lycos family sites with an average visitor rate of 500,000+ a month. Additionally, TradersNation.com is offering archived interviews at their web site at http://www.tradersnation.com/store.shtml

The above news release may contain forward-looking statements and/or announcements. The list of stocks on HotStockChat.com`s "scans" and "stocks of interest" are for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities of the companies listed in this news release or on the web site at http://www.hotstockchat.com.

HotStockChat.com is a services and advertising company only. HotStockChat.com is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing any stock of any company listed in news releases, interviewed and/or profiled at http://www.hotstockchat.com. HotStockChat.com features interviews and profiles of publicly traded companies. In most cases we are compensated for the services rendered by a third party on behalf of the company.

HotStockChat.com has generally has no position in any company mentioned in this daily news release. However, HotStockChat.com`s principles and associates may have bought or may buy the shares of stocks that we profile/interview or list in news releases and may profit in the event those shares rise in value.

HotStockChat.com owns no position in any company mentioned in this news release. HotStockChat.com or its principles were not compensated by any company or third party to mention any of the above companies in this news release.

HotStockChat.com regularly updates our disclaimer page and will post how many shares sold of any given stock that we have profiled or interviewed.

Additionally, HotStockChat.com will not offer any opinion as to when others should sell; each investor must make that decision based on their own due diligence of the company.

CONTACT: Tom Allinder, HotStockChat.com Tel: [phone] e-mail: [e-mail] WWW: http://www.hotstockchat.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].


--------------------------------------------------------------------------------

(C)1994-2004 M2 COMMUNICATIONS LTD

News provided by

[new_investor]

Die Analyse von Asia-Economy ist sehr empfehlenswert!

Nettes Volumen in den Staaten heute 1,85 Mio Shares bis jetzt gehandelt bei steigenden Kursen Akt.:0,765 $.
Mal sehen wo wir heute schließen.
Mein Tip 0,77 - 0,79


Schau mer mal

Shareholder Q & A
January 2004

Q: Has HRCT ruled out a Reverse Split as an option for transition to legitimate exchanges such as AMEX or NASDAQ since the timeline announced by the CEO is in the 1st Qtr?

A: The company plans to apply for listing on another exchange as soon as the audited statements and the 10K filing for 2003 are completed. The whole process will be handled by an outside law firm and we shall listen to the alternatives they propose.

Q: When is the company planning on making the required filing referred to in the last 10Q?
"As the Company is a public traded entity in the United States, it is required to disclose such a major acquisition event on Form 8-K with the Securities and Exchange Commission under the federal securities laws of the United States. The disclosure should include audited financial statements of NewHuaSun and GuoWei, the recently acquired entity, for the two most recent fiscal years and any interim periods prior to the date of such an acquisition. Such a disclosure should also include in pro forma financial information showing the effect of the acquisition.".

A: We are working with our auditors as well as Chinese CPA on all of these audits.

Q: Is listing on a Hong Kong exchange still being considered?

A: Yes.

Q: On June 30, 2003 HRCT bought an additional 6% interest in HuaQing taking them into the majority position and making the 10% proxy agreement meaningless. The next three acquisitions are all majority positions. Do you know why HRCT decided to change their approach? I`m just curious as it seems something changed. If something did change why has HRCT not purchased 6% more of the two minority subs?

A: We have operating controls in all of our subsidiaries either by more than 50% direct ownership or by proxies to control the board. The final percentages of ownership in a subsidiary will depend on the sellers and managers` position, our projected ROI, the legal requirement by the local government and the prospect of growth and merger for that particular unit.

Q: Hartcourt`s IT businesses are divided into distribution and retail. The remaining revenue comes from wholesale distribution operations. The split for Q3 was about 72:28 proportionately. So if revenue was $33 million (approx): IT = $9,240,000 and Distribution was $27,760,000 with a 1.5% margin,
1a. Is the margin the same for both IT and Distribution?
1b. What and to who were the wholesale distributions?
1c. And what and to who were the IT sales?

A: The customers of our distributors are corporate, government and retailers in the geographical area each distributor operates. The customers of our retail units are walk-in customers, with some phone and Web orders. We sold PC hardware and software, as well as components for self-assembly (DIY). Our suppliers are major multinationals like Samsung, IBM, Intel and HP. Of course, the gross margin of retail business is higher than wholesale distribution.

Q: I would like to ask how many of these (it) companies even exist in China? Are there thousands of them or just a few hundreds. And do they run in classes by volume sales?

A: There might be hundreds of wholesale distributors covering a large geographical area in China. However, most of these companies are small. We already have presence in major cities and provinces of China. We think we will be one of the top 5 in this sector this year and aim to be one of the top 3 in 2005.

Q: When will Ms. Hartwicks photo be available with the rest of management on Hartcourts website? And when will she take (The Bull By The Horns) control?

A: Ms Carrie Hartwick is working hard to establish strong corporate governance and upgrade internal control and management system in all subsidiaries. She is also implementing the plan to merge many operational functions of these subsidiaries such as purchasing, accounting, promotion, communication… to increase profit margin. She is extremely busy to go yet to a photo shop.

Q: David can you give us (shareholders) your best professional opinion as to WHY you think THE MARKET HAS NOT REWARDED HRCT by affording a higher PPS from the .60 level with all the positive news and info that has been disseminated to the market over the last year. Knowing we are in the Chinese market which is booming and we have let it be known that we have more acquisitions coming and are trying to move to another exchange?
a] Lack of exposure (No PR firm)
b] Lack of info regarding same store sales figures
c] Low PSR
d] Low margins
e] The SEC suit
f] Waiting for 4 qrts of profitability
g] Market manipulation
h] Lack of NEW investors

A: We do not understand fully the mechanism of how and why the market undervalues HRCT. However, we believe that by improving the company fundamentals steadily and by growing revenue and profit aggressively like we did in 2003 will create tremendous shareholder value eventually. The day we achieve our goal to be the Top Three IT distributor in China might be the day the market will reward HRCT.

Q: What if/any progress has been made in the SEC lawsuit matter? Have there been any meetings between the SEC and Hartcourt/DR. Phan lawyers? Has SEC and HRCT discussed a possible mutual end to this issue? And most important of all, HRCT has said on numerous occasions that it will file for entry into another exchange in the first quarter of 2004. Does this mean that HRCT expects to have this whole SEC issue completed by that time? I for one can not see an application to the AMEX or Nasdaq Small Cap without these issues being resolved.

A: The lawsuit is proceeding according to the rule of law and Court procedure. According to the legal opinion of our counsel, the listing criteria do not include any prohibition relating to an unresolved lawsuit. Many blue-chip companies like Microsoft, Citicorp… are involved in unresolved governmental lawsuits and their public listing status is not an issue.

Q: A recent article in the US press has indicated that there are significant problems with the electrical power supply in the mainland. This article claims that the lack of power has the possibility of reducing manufacturing output due to the reduction of production hours. Is this a real event and, if true, what impact does this event have on HRCT?

A: Economists predict that the power shortage might cost China about 0.40% of lower growth. However, as China GDP expects to grow 8.9% in 2003 (despite SARS), the power problem is a small factor. Our IT distribution sector is not affected.

Q: HRCT has purchased a supplier of notebook computers and HRCT has stated that the industry in the PRC is like the US 10 years ago. With notebooks being a bigger part of the US market now, what is the view for notebooks in the PRC?

A: We are very bullish on notebook PC market in China and believe it will grow strongly. At the moment China notebook share of total PC sales is only 12%, comparing to 58% in the US.

Q: Since HRCT has retail outlets and has both IBM (and other well known International brands) and PRC brands available for retail sales, what is the trend for buyers? Are they willing to buy home-grown computers or do they favor the top U S brands or Japanese brands or South Korean brands? Is there a real preference? If so, what trends do you find and how can HRCT capitalize on these trends?

A: We believe delivering value to customers is the key to a successful business in the long run. There are many IT brands in China, each with different pricing, features, value and positioning, in a very competitive market. We only want to sell what the market wants; therefore, we shall monitor closely the preference.

Q: Dell has an obvious strategy that differs little wherever it sells. Is Dell`s strategy an important concern for HRCT? If not, why not? If so, why so and how does HRCT compete effectively?

A: We have repeated many times that we do not compete with DELL. DELL is a role model for the IT industry as a whole. DELL is a producer of IT products and sells its products direct. However the remaining of the IT industry sells their products via distributors such as Hartcourt. Samsung and IBM might compete with DELL in some product categories, but the market is big enough for many players with different products and positioning.

Q: HRCT seems to have significant emphasis on regional manufacturers and providing the distribution network for the various PRC brands, what is the HRCT strategy for marketing these various regional products?

A: We don`t emphasis on PRC brands or regional manufacturers. As we said earlier, there are 2 parts to our business, distribution of well-known international brands on a regional level and retailing of the whole spectrum of IT products.

Q: Gateway has had significant problems in supporting a retail outlet type structure in the US. While they only sell their own branded products at their stores Dell has kicked them via their distribution plan, at least here in the US. What is the HRCT plan for the retail outlet stores?

A: Gateway is not here in China and Dell is not a dominant player in China. It is difficult to make any comparison. We will maintain our current retail exposure since majority of the Chinese consumers wants to buy IT products in a store. However, we will constantly study the market for expansion opportunities and strategy adjustment.

Q: With 70+% of the sales of the consolidated HRCT companies coming from distribution, is that where the HRCT plan for the future lies? Is the distribution network the emphasis?

A: We see ourselves as supply chain management service company that offers distribution services to IT product makers. We want to build one of the largest and closest-to-end users network by internal growth and external acquisitions.

Q: Now that HRCT is experiencing significant dilution by the acquisition deals being transacted, has Management put the possibility of adding a mandatory stock buyback program to its bylaws? The company is profitable. Maybe this can be implemented on some sliding scale as profit margins increase.

A: Assets, cash, revenue and profit per share have been increased significantly in the past year thanks to these highly accretive acquisitions. As a result, it is not correct to say that these transactions are diluting shareholder value. As for stock buy back, it is an option we might consider when the timing is right.

Q: Will the new Legend/China telecom alliance have any sort of negative impact on Hrct`s business, in the near future, or long term..

A: We are not a direct competitor of either Legend or China Telecom. We are not even in the same industry (Legend is a manufacturer). We don`t foresee any impact, positive or negative.

Q: What % of cost savings is targeted for the Q1/Q2-04 period with the consolidation of resources for each business?
a. Has the software been put in place to monitor the businesses from a financial point of view?
b. Has combined buying power been initiated for the businesses and if not then when?
c. Will Hartcourt be encouraging combined marketing and advertising or is this not a factor with such local distribution regions?

A: Ms Hartwick`s main task is to integrate the supporting operations and to increase profit margin by cost saving and function merging. Significant progress and improvement have been achieved, but the work is tedious, challenging and time consuming.

Q: "Sinobull Merger with GTI waiting for favorable market conditions" Markets have been favorable for some time now. Can we expect to hear some news on the Sinobull Merger/ Listing in the near future?

A: GTI has a strong management team and an experienced board, especially relating to IPO and capital markets. It has its own plan for corporate development and we will have to be patient. Since Hartcourt is a minority shareholder, we don`t control the timetable.

Q: Is FTL still scheduled to be listed and distributed as dividends within the next week or two?

A: FTL is working with its auditors and lawyers to complete the filing for listing. It is a complicated process that takes longer than our counsel had advised.

Q: I assume you all received ETLK dividend shares through ownership of HRCT. How does Hartcourt management and its employees feel about Elephant Talks lack of cooperation to release the restricted shares? Assuming, of course, you`re not being favored.

A: We can`t comment on ETLK management as we have been completely separated.

Q: Request: I would like to have an accountability of HRCT`s total # of restricted shares, including the totals of Enlight (27+m) Edda Limited, and PYR, plus all the subs, and any others we don`t know about? Will the recipients of all the restricted shares issued over the last year or so have to file 4`s/144`s or will they automatically become free trading?

A: As of 30 September 2003, Hartcourt has about 82 million restricted shares. According to Rule 144, all non-affiliated shareholders who want to sell over $10,000 worth of shares after the one-year restriction must file Form 144 publicly. After a 2-year holding, however they are not required to file Form 144.

Q: I just can`t imagine that you will not have any influence on the management decisions by the acquired companies. Is it possible to explain in which style you will have control or vote on management decisions, necessary for each of the companies (especially new acquisitions, development of employment, PR…)?

A: Hartcourt has complete operating control of all of our subsidiaries and we are responsible for all major management decisions.

Q: Can you tell us something about profit margins in the business of Mobile distribution in comparison to the IT distribution and retail business?

A: We are not in the mobile phone distribution business. However, we are studying the market and will inform you accordingly.

Forward-looking statements

The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this document pertains. The actual results of the specific items described in this document, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this document, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[seinfeld]

Hier mal ein kleiner Ausschnitt aus der Analyse von asia-economy.de ...


7. Einschätzung und Fazit

Wir glauben, dass Hartcourt seinen Wachstumskurs weiter fortsetzen wird und über das hohe Umsatzvolumen hinaus auch in der Lage sein wird entsprechende Synergieen frei zu setzen, um die Nettomarge steigern zu können.

Im Wesentlichen gehen wir von drei Szenarien aus, die alle bescheinigen, dass die Aktie zurzeit mehr als unterbewertet ist. Die Erfolge in diesem Jahr sind noch nicht vollumfänglich im Aktienkurs berücksichtigt. Das Kurs-Umsatz-Verhältnis auf Basis 2003 beträgt, unter Einrechnung der getätigten Übernahmen, nur etwa 0,2. Ein solches Niveau ist normalerweise nur bei unprofitablen Gesellschaften aufzufinden. Wir gehen aber davon, dass der kürzlich stattgefundene Sprung in die Gewinnzone, nachhaltig ist und sich die Profitabilität weiter erhöhen wird.


Allein durch die verbesserten Bedingungen auf der Einkaufsseite wird es Hartcourt gelingen seine Umsatzkosten, die bei 94 % des Umsatzvolumens liegen, zu senken. Eine Kosteneinsparung von nur 1 %, würde den operativen Gewinn nahezu verdoppeln.

Wir gehen deshalb von folgenden Grundszenarien bis 2005 aus:

Szenario Umsatz (Mio. USD) Nettomarge Nettogewinn Aktienzahl EPS KUV 05e KGV 05e
Positiv 1.200 4 % 48 Mio. 250 Mio. 0,19 0,08 3
Neutral 800 3 % 24 Mio. 200 Mio. 0,12 0,12 5
Negativ 500 2 % 10 Mio. 180 Mio. 0,06 0,19 10

Selbst wenn das Unternehmen keine Übernahmen mehr tätigt, es durch Optionen bedingt, zu einem leichten Anstieg der ausstehenden Aktien kommt und die Nettomarge nur geringfügig gesteigert werden kann, so ist die aktuelle Bewertung mit einem KGV von 10 und einem KUV von 0,19 als sehr günstig zu bezeichnen.

Wir sehen deshalb, selbst im schlechtesten Falle, Aufwertungspotential für die Aktie. Ein Kursziel zwischen 1,20 USD und 2,40 USD sollte bei einem KGV zwischen 12-20 gut möglich sein.

Ein DCF Modell zeigt folgend die weiteren Möglichkeiten auf:

Szenario Abzinsungssatz (WACC) Abzinsungswert Wert/Aktie
Positiv 12 % 643 Mio. 2,58 USD
Neutral 12 % 360 Mio. 1,80 USD
Negativ 12 % 235 Mio. 1,30 USD

Um dieses Potential auszuschöpfen ist es erforderlich, dass sich die positive Umsatz- und Ertragsentwicklung weiter fortsetzt und das Unternehmen eine zeitnahe Kommunikation, zu den Quartalsergebnisen ermöglicht. Ein Vergleich der Quartalszahlen, zum Vorjahr ist erst im nächsten Jahr sinnvoll, nachdem das operative Kerngeschäft voll konsolidiert wurde. Hartcourt befindet sich auf einem guten Weg seine Ziele zu erreichen. Die Aktie bietet aus Sicht der Finanzanalyse gute Chancen auf einen nachhaltigen Kursanstieg von bis zu 400 %.


Gruß Seinfeld

[Dr.Spezialist]

Danke seinfeld ,sehr positiv find ich

[Franz Beckenbauer]

Nun ja....ganz schön weit nach vorne geblickt !! Bei den Zahlen gehe ich mal von Ende 2005 aus.....fast noch 2 Jahre !!

Neutral: $ 800 Mio. Umsatz
Positiv: $ 1,2 Mrd. Umsatz

Geht man davon aus das HRCT weiterhin zu ca. 50% die Firmen übernimmt......dann müssen (bei Einhaltung der genannten Gewinnmarge und der Nettogewinne) die Umsätze bei $ 1,6 Mrd. (Neutral) bzw. $ 2,4 Mrd. (Positiv) liegen. Also ne ganze Menge Holz !!! Aktuell liegen wir bei $ 250 Mio. Umsatz !!

[asiate]

Hey

Hartcourt’s Investoren stimmen einer Verlaengerung der Beschraenkungsfrist zu

http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

Hartcourt’s Tochterfirmen erhalten Auszeichnung

http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

nur am Kurs passiert nichts

bis dann

[new_investor]

Hartcourt Purchased Additional 6% of Guowei

LOS ANGELES, CA, Feb. 11, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com , announced today that it has purchased an additional 6 percent of all outstanding shares of Shanghai Guowei Science and Technology Ltd., www.guowei.com.cn , a major PC retailer and distributor based in Shanghai, China. Together with the 45 percent interest purchased on April 30th, 2003, Hartcourt owns 51 percent of Guowei.

The purchase price for the 6 percent interest is 3 Million RMB (US$0.36 Mil) payable in cash. For the first nine months of 2003, Guowei recorded sales revenue of RMB276 Million (US$33 Million). Founded in 1996, Guowei owns and operates a chain of PC stores in Shanghai and surrounding areas, completed with service centers and warehouse distribution. The stores provide customers with latest computer hardware, software, technical services and other digital products. It also offers its products and services to consumers at its online store www.12diy.com.

Mr. Zhou Jian, Chairman and President of Guowei, comments: "Over the past year, we have seen tremendous benefits as a part of the Hartcourt team both operationally and financially. The injection of capital by Hartcourt to Guowei is a vote of confidence in Guowei, and will further enhance our financial position and competitiveness. Under the leadership of Hartcourt, we are using modern management metrics to expand and grow our business, as well as maximize synergies with other Hartcourt subsidiaries."

In addition, as part of our continuous integration effort of our operations, all Shanghai-based subsidiaries have moved into the same building with Hartcourt`s China operational headquarters. Hartcourt group of companies occupies a total of three floors at the new building, which accommodates 100 employees. The new address is located at the office building of the Science and Technology Commission of the Jingan District of the Shanghai Government. The same location will enable Hartcourt to combine the back office supporting functions of Guowei, Pengyang and Huaqing, such as accounting, IT, HR and administration departments, under the leadership of Ms Carrie Hartwick, to further achieve operating efficiency and generate cost savings.

Ms. Carrie Hartwick, President and CFO of Hartcourt, comments: "Our further investment into Guowei has demonstrated our commitment to grow our subsidiaries in which we provide expansion capital in addition to strategy, leadership and financial disciplines. We are pleased with the overall performance of Guowei and Huaqing for the past year, and believe we can increase their overall competitiveness in the market by merging many of its back office functions. The same location will enable Hartcourt to monitor its investment more closely and help them to grow healthier and faster. This has always being our execution plan, and we are glad we are another step closer to our goals."

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution and retail services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China. Recent acquisitions of Hartcourt included six key IT distribution and retail services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

This news release contains forward-looking statements. Actual results may differ from any forward-looking statements contained in this news release due to a number of factors that could adversely affect Hartcourt`s business, financial condition, operating results and stock price. These factors are discussed in more detail in Hartcourt`s filings with the SEC at www.sec.gov.


Contact:
Ms. TingTing Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc

[new_investor]

Was können wir aus dieser News herauslesen?

1.Die Beteiligung von Guowei erhöht sich auf 51%.
2.Bezahlt wurde mit Cash!!
3.Die Shanghei-Niederlassungen von Guowei, Pengyang und Huaqing ziehen in ein Gebäude und werden ihre Produkte zusammenverkaufen
4.Guowei hat in den ersten 9 Monaten 2003 33Mio Umsatz erzielt eine Steigerung gegenüber 2002 von über 20%!!!
5.Buchhaltung von allen 3 Beteiligungen werden in Zukunft von
HRCT übernommen!!
6. Die strategie wird sich auch auf die anderen Beteiligungen fortsetzen.

Schau mer mal

[new_investor]

Hartcourt Appoints New Director to Its Board of Directors

LOS ANGELES, CA, Feb. 18, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, today announced that it has appointed Mr. Victor Wang, LLM to its Board of Directors, to replace Mr. XY Li who resigned due to job relocation. Mr. Victor Wang is well respected in the legal and investment community in Shanghai and he will be able to provide invaluable guidance to Hartcourt`s management team.

Mr. Victor Wang is a senior partner at AllBright Law Offices specializing in foreign direct and indirect investments in China. Prior to joining AllBright, Mr. Wang worked for Kaye Scholer, LLP and Linklaters, where he represented many multinational corporations and investment funds, such as General Motors, Warburg Pincus, Intel Capital, Acer Capital, etc in establishing joint ventures and making acquisitions in China and Asia.

Mr. Wang has considerable experience representing international underwriters and Asian issuers in global share offerings. He worked on the successful listings and secondary offerings in Hong Kong and the US private placements of many Hong Kong "H" share companies, including First Tractor Company Limited, Phoenix Satellite Television Holding Limited, Shenyang Public Utility Holdings Company Limited, and Shanghai Fudan Micro-Electronics Co., Ltd. Mr. Wang has also involved in international equity placements for several major venture capital funds located in the US and Europe.

Mr. Wang also worked as the sole in-house counsel at a News Corp. joint venture in Hong Kong where he was involved in the IPO of the company and responsible for various legal matters, including acquisitions, investments, Intellectual Property Rights protection and commercial legal issues.

Mr. Wang received an L.L.B. from Fudan University (1984), an L.L.M. from the University of Iowa Law School (year) and a J.D. from the Notre Dame University Law School (year). He is a Ford Foundation Fellow, a member of the American Bar Association and the Wisconsin State Bar Association.

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution and retail services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China. Recent acquisitions of Hartcourt included six key IT distribution and retail services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

This news release contains forward-looking statements. Actual results may differ from any forward-looking statements contained in this news release due to a number of factors that could adversely affect Hartcourt`s business, financial condition, operating results and stock price. These factors are discussed in more detail in Hartcourt`s filings with the SEC at www.sec.gov.


Contact:
Ms. TingTing Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc



Copyright 2004 Market Wire, All rights reserved.

-0-

[new_investor]

Infos über Victor Wang!

Quelle: http://www.allbrightlaw.com/allbright/attorneys_detail.asp?A…

Foto von Victor Wang


Victor Wang
[e-mail]
Victor Wang is a partner at AllBright Law Offices principally specializing in foreign direct investments and indirect investments in the People’s Republic of China. Prior to joining AllBright, Victor was an associate with a major US law firm--Kaye Scholer, LLP and a top city firm—Linklaters, where he acted on behalf of many multinational corporations and investment funds, such as General Motors, Warburg, Pincus, Intel Capital, Acer Capital and several Hong Kong based companies and funds in establishing joint venture companies and making acquisitions in the PRC and other countries in Asia.

In addition to his work on deal execution and transaction related advice, Victor continually practices in the best interests of foreign investment companies in China in their ongoing operational legal matters.

Victor has considerable experience representing international underwriters and Asian issuers in effecting global share offerings. He worked on the successful listings and secondary offerings in Hong Kong and the US private placements of quite a number of Hong Kong “H” share companies, including First Tractor Company Limited, Phoenix Satellite Television Holding Limited, Shenyang Public Utility Holdings Company Limited, and Shanghai Fudan Micro-Electronics Co., Ltd. Victor also has significant experience in helping several world-class venture capital funds raise their China-focused funds and other various international private equity exercises.

Victor also worked as the sole in-house counsel at a News Corp. joint venture in Hong Kong where he was deeply involved in the IPO of the company and responsible for various legal matters, including acquisitions, investments, Intellectual Property Rights protection and commercial legal issues.

Prior to his pursuit of further legal education in the United States in 1989 as a Ford Foundation Fellow, Victor was a research fellow at a well-known Shanghai based think tank researching American politics and foreign trade policies, while working part time at the Shanghai United Lawyers Office as a lawyer focusing on inbound foreign investment.

Victor received an L.L.B. from Fudan University (1984), an L.L.M. from the University of Iowa Law School and a J.D. from the Notre Dame University Law School. Victor Wang is a member of the American Bar Association and the Wisconsin State Bar Association.

[new_investor]

NEWS!! Hartcourt Announces Strategic Acquisition of IT Service Company
via COMTEX

February 23, 2004

LOS ANGELES, CA, Feb. 23, 2004 (MARKET WIRE via COMTEX) --

The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, announced today that it has signed a definitive agreement to purchase a controlling interest of Shanghai Computer ServiceNet Co., Ltd, a leading independent third-party IT service provider based in Shanghai, China.

The total purchase consideration is approximately US$2.5 million payable in cash and restricted shares. The management team of the company will hold the remaining minority interest.

The acquisition is strategically important for Hartcourt`s fast-growing IT distribution network. Using ServiceNet capabilities would bring major competitive edge to all Hartcourt subsidiaries. They will be able to enhance customer service, develop brand equities and expand into new market segments. The high profit margin of IT service business is another attractive and lucrative sector that Hartcourt plans to increase its investment.

Established in 2000, ServiceNet provides a wide range of IT services to several multinationals in China, such as HP, Dell, Philips, Toshiba, Sony, Samsung, Seagate, etc. The types of services include Authorized Service Center, On-site Services, Hardware Support, System Maintenance, RMA management, and FA Testing. It also provides IT outsourcing services to other multinationals like BAT and Ericsson. Its service network covers 15 major cities in China, including Shanghai, Guangzhou, Xiamen, Hangzhou, Xi`an, Shenzhen, and Kunming, etc. It has over 200 engineers and recorded 4.6mil USD in net revenue in 2003 with about 20% net margin. ServiceNet expects to increase significantly its service offering and coverage, and to expand into the Northern China market in 2004. More details on ServiceNet can be obtained from its web sites, www.servicenet.com.cn.

Mr. Caoyang, President of ServiceNet comments, `We look forward to working with Hartcourt on our expansion initiatives. We are very excited about management, marketing and technology synergies that a relationship with Hartcourt can bring. With China being one of the largest and fastest growing IT market in Asia Pacific, we believe our strong expertise in IT services business will contribute positively to Hartcourt`s bottom line.`

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution, retail and services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China. Recent acquisitions of Hartcourt included seven key IT distribution, retail and services companies covering all major regions of China that have highest GDP-per-capita. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

Contact: Ms. TingTing Ni Tel: [phone] Fax: [phone] Email: [e-mail]

SOURCE: The Hartcourt Companies, Inc

[silberesel]

@new-investor

ist der auf dem Foto nicht der Koreaner von metabox? Ich erinneren an internordic - 1 Milliarde EUR Auftragsvolumen von einer Firma, die es nie gab..........macht hrct jetzt das Rennen?





nicht ernst gemeint!

[new_investor]

Beruhigend das keine Insider verkaufen.
Hartcourt hätte hier früher Stellung nehmen müssen.
Naja ein gutes hat das ganze "wir haben wieder günstigere Kurse zum Einsteigen / Aufstocken...

Schau mer mal



Hartcourt Confirms Extension of Holding Period for 144 Shares

LOS ANGELES, CA, Mar. 02, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, announced today that major shareholders including Enlight Group and former Huaqing shareholders have confirmed that they will honor the agreement to extend the holding period of 55 million restricted shares for another year, as previously announced. Some HuaQing shareholders have filed Form 144 in errors and Hartcourt has not released the restriction on these shares.

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution, retail and services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China. Recent acquisitions of Hartcourt included seven key IT distribution, retail and services companies covering all major regions of China that have highest GDP-per-capita. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms. TingTing Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: The Hartcourt Companies, Inc

[new_investor]

Die neue Webseite ist Online.
Finde ich persönlich einfach "KLASSE"

http://www.Hartcourt.com
Deutsche Seite: http://www.Hartcourt.de


Schau mer mal

[new_investor]

3 March 2004

Dear Shareholders,

RE: Release of New Website and Investor Pack

In order to share our success and progress better with our valuable shareholders and business partners, we have been constructing a brand new website over the last couple of months, as well as a brand new Investor Pack. We are pleased to inform you that they are finished and ready to be released. Compared to the old website, the new one includes more functions, i.e. email enquiry, email Alerts, more comprehensive information on our subsidiaries as well as their operations. The new Investor Pack will also include a CD Rom presentation on the company. We hope you will find these materials and the website both informative and interesting. And you will like the layout and contents and use it to learn more about our progress.

The new website is going to be released on 9 March 2004 with English and German version ready. In the meanwhile, we are still working on the Chinese version, hoping it can be ready by the end of March 2004.

For those of you wish to receive a Investor Pack via mail please drop us a line at [e-mail] with your name, address and post code.

Since the Email alerts function in still under construction at this time, our team will be working hard make it executable as soon as possible. Should you have any queries and suggestions, please send us an email at [e-mail]. Thank you for your continuous support to our company.


Yours sincerely,



Hartcourt Companies, Inc.

[new_investor]

Shareholder Q & A
February 2004

Q: Is the company on pace with meeting previously projected time frames (i.e. Exchange
application) or have they been extended?

A: Yes. We are now preparing the documents. The formal application will be submitted
after the filing of the 10K Annual Report.

Q: Since HRCT now appears to be using cash to fund acquisitions, is there any
thoughts/plans to do a stock buy back?

A: We are considering all possible alternatives, based on the most effective way to utilize
our cash reserve and stock issuance. Since we are planning an aggressive schedule of
acquisitions, the issue of stock buy-back must wait.

Q: What happened at the court hearing re the SEC lawsuit?

A: As reported from our legal counsel," The parties agreed to court-recommended
mediation and for a stay of all depositions through June 1, 2004, but written discovery is
allowed. The Court ordered a mediation completion date of April 30, 2004, and a postmediation
status conference for June 1, 2004. If the case does not settle at mediation, a
trial date will likely be set at the post-mediation status conference."

Q: Is there already a shareholders` meeting planned for Vegas in August?

A: The Board will make a decision some time in June. Las Vegas is likely to be chosen as
requested by many shareholders.

Q: What are the near-term plans to build Hrct`s share price and attract more investors?
Asian, as well?

A: After filing the 10K and submitting our application for a new listing, Hartcourt should be
ready to present itself to major institutional investors and fund managers in the US,
Europe and Asia. We should also be able to attract research coverage from major
brokerages and independent analysts. Meanwhile, we are actively searching for a
suitable IR-PR firm to represent the company.

Q: Is the streamlining process for the subs, that is being done by Carrie Hartwick, going
well?

A: The streamlining and integration process involves many companies, managers, internal
cultures and external factors. Ms. Carrie Hartwick has surpassed our expectation in the
overall progress. The ERP system is being installed and tested. There are many
challenges ahead and the effect of her effort on our bottom line won`t show up until later
this year.


Q: Will the acquisition phase slow at all, because of the low share price?

A: We don`t think 7 major acquisitions in one year could be classified as "slow". However,
with our increased financial strength and strategic market position, we are more
selective and go after bigger and better candidates. The negotiation and due diligence
processes would naturally take longer to complete.

Q: Has there been any thought of acquiring 100 percent of these companies when Chinese
law allows for such an event? How would the current owners of these companies feel
about Hrct being 100 percent owners?

A: Operating in a complex environment like China requires local partners who are
experienced, connected and motivated. These are the reasons we want to have minor
partners in our subsidiaries. The law might soon be changed, but we need a compelling
analysis on financial results to increase our investment.

Q: When I look through the subs web sites I see a lot of Samsung, of course IBM and Intel
among others...Have any of these companies approached Hrct to talk about buying in as
a partner, or is it too early in the game to be considering such a thing? It seems as the
network grows, large foreign companies that have IT products to sell in China, would
love to get a piece of this pie..

A: We think it`s a little early to discuss this matter with our partners. We must focus on
building the biggest and best IT distribution network in China first. Once the ball park is
built, there should be no shortage of players, considering the fast track development of
China economy.

Q: Why was David`s interview with Tom Allinder at Hotstockchat.com removed so abruptly?

A: Since we did not pay for the interview, we had no say in the decision of hotstockchat.com.

Q: Will the video of the August shareholder meeting ever be available?

A: We did not take any video, but we believe some shareholders might have the recorded
tape. Please post your request to various chat rooms on Hartcourt.

Q: What kind of agreement was made with the shareholders of the 55 million restricted
shares? Legal binding? Or a promise, smile and a handshake?

A: It`s legally binding.

Q: Did you structure the FTL dividend so that it goes straight to us shareholders this time?
Or is it going to be another ETLK fiasco?

A: Since we got plenty of complaints from ETLK distribution, the Board of FTL does not
want to distribute restricted shares like ETLK. Therefore, they are waiting for the SEC
approval on their SB-2 filing. Once it`s done, the distributed shares will be free-trading.
The SEC needs the audited financial statements of 2003 on this filing and we hope to file
it by April.

Q: Can you provide some insight into the 4th qtr financials prior to the release of the 10K?

A: We cannot comment yet on this matter. Please wait for the filing.

Q: Does Hrct have any long-term plans beyond IT? How long will the
acquisition/streamlining process take before we can see a fully mature network of
companies running on all cylinders?

A: Our business plan for the next 2 years is to increase the profit margin and net revenue of
existing subsidiaries and to acquire more synergistic companies to achieve $1 billion in
sales. Any other longer term planning is pure speculative.

Q: How are retail sales going so far in 2004? Which cities are producing the most potential?
Has Hrct landed any large distribution contracts lately? How many people do they have in
charge of that major part of Hrct`s distribution business?

A: Sales revenues of existing subsidiaries are matching overall growth of China market in
our industry, according to IDG. The best growth rates are recorded in major cities like
Shanghai, Beijing, Guangzhou. Our subsidiaries employ over 1000 people nationwide.

Q: Concerning the SEC suit, are HRCT corporate officers bonded? If Phan had been I think
this money issue would not be on the table.

A: At present, Hartcourt directors have no D&O insurance; but we are planning to obtain a
policy soon. We think a lawsuit has many aspects and money is not the only issue.
According to our legal counsels, they are very optimistic on the outcome.

Forward-looking statements
The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements
concerning potential developments affecting the business, prospects, financial condition and other aspects of the
company to which this document pertains. The actual results of the specific items described in this document,
and the company`s operations generally, may differ materially from what is projected in such forward-looking
statements. Although such statements are based upon the best judgments of management of the company as of
the date of this document, significant deviations in magnitude, timing and other factors may result from business
risks and uncertainties including, without limitation, the company`s dependence on third parties, general market
and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The company disclaims any obligation to update
information contained in any forward-looking statement.
©2002 The Hartcourt Companies, Inc. U.S. OTCBB: HRCT, Frankfurt: 900009

[new_investor]

LOS ANGELES, CA--(MARKET WIRE)--Apr 15, 2004 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009), www.hartcourt.com, China`s fastest growing IT distribution, retail and services company, today filed 10KSB for the financial year ending December 31, 2003.
Financial Highlights for 2003 financial year:

-- Total revenue grew by 9,697% year-over-year to US$111.3 million led by
both internal growth and strategic acquisitions in the IT distribution and
retailing sector
-- Gross profit increase by 586% year-over-year to US$5.3 million.
-- EBITDA turned profit to US$1.7million from a loss of US$0.6 million.
ADVERTISEMENT


The Company reported total revenues of US$111,397,742 for 2003, a 9,697% increase over total revenues of US$1,137,011 for 2002. The Company reported a net loss of US$758,480, or US$0.005 per share, compared to the 2002`s net loss of US$2,559,409, or US$0.04 per share. The fourth quarter of 2003 recorded a net loss of US$1,549,155 compared to a net gain of US$ 514,204 in the previous quarter. The significant loss in the fourth quarter is mainly due to the accrual for contingent liability of SEC civil law suits of US$1,300,000 and impairments for other investments of US$494,478, both are non cash flow event.

The drastic turnaround of Hartcourt`s financial performance compared to 2002 was attributed to its core business restructuring. The company adopted an aggressive expansion strategy in the IT distribution and retailing sector, taking advantage of China`s long-term economic growth and continuous double digit IT spending growth. Through its acquisition programs, Hartcourt is consolidating and bringing together a group of synergistic businesses each with a strong regional foothold, to become one of the leading companies in the sector.

Revenue from the IT distribution and retailing business for 2003 were US$110,540,456, representing 99% of total revenue of the Company. The ratio of distribution to retail revenue is 68% to 32%. The revenues from IT distribution and retail business for the fourth quarter of 2003 were US$43,897,565 compared to US$33,231,991 in previous quarter, a 32% increase which was the result of the consolidation of Zhongnan Group in fourth quarter.

There was no revenue recorded from financial data services compare to 2002. Sinobull Information Limited was sold to a non-related company, Genius Technology International Limited (" GTI" ), majority owned by First Shanghai Group (HKSE: 00227), on May 7, 2003, for a total consideration of $410,163, which was paid by issuance of 57,826,793 common stock of GTI at value of $0.0071 each. On October 9, 2003, Hartcourt filed Schedule 14C with the SEC to distribute all outstanding shares of Financial Telecom Limited (USA) Inc. to all Hartcourt`s shareholders on record date of October 17, 2003. As a result, Hartcourt has completely exited the financial data services business and will no longer include any of its financial results in the future.

Revenues from other service for 2003 were US$857,286, representing a 693% increase over US$108,092 for 2002. The increase of other service revenues was attributed to the increased M&A and related activities of our acquisition program.

Gross profit for 2003 was US$ 5,314,979, an increase of 586% over US$ 774,629 for 2002. The gross profit of fourth quarter of US$ 1,970,766 increased 6.3% over the previous quarter of US$1,853,265. The increase in gross profit was contributed primarily to the increase of revenues.

Total operating expenses for 2003 were US$ 3,948,422, representing a 16.1% decrease from 2002 of US$ 4,708,830. Total operating expenses for the fourth quarter was US$ 1,670,345, an increase of 64.9% from the previous quarter of US$1,012,841. This increase was largely due to the impairments of US$ 494,478 and consolidation of the expenses of Zhongnan Group in the fourth quarter.

EBITDA for 2003 was US$1,716,199 compared to the loss of US$564,986 in 2002. EBITDA in the fourth quarter was US$535,263 compared to US$691,238 in the previous quarter. Operating profit before other income and expenses for 2003 is US$1,366,557 compared to net loss of US$3,934,201 in 2002. Operating profit before other income and expenses in the fourth quarter is US$300,421 compared to US$828,255 in the previous quarter. The decrease of operating profit before other income and expenses in the fourth quarter is mainly resulted from the impairment loss of US$ 494,478 due to writing off certain internet related investment made prior to 2002. Total operating profit from continuing operations for 2003 was US$186,629 compared to a loss of US$4,158,702 in 2002. The operating loss in the fourth quarter was US$879,507 compared to the net gain of US$828,255 in the previous quarter. Apart from the impairment loss of US$ 494,478 recorded in the fourth quarter, the decrease of operating profit in the fourth quarter is due to the accrual of contingent liability of SEC civil law suit of US$1.3 million, which the company`s attorney believes is the maximum exposure of such litigation threat. The court has ordered both parties to mediation set for April 22, 2004.

As of December 31, 2003, the Company`s total cash balance was US$2,486,103, an increase of 3,013.7% over US$79,845 in 2002. Total shareholder equity increased to US$18,259,761 from US$909,211 in 2002, Total current asset increased to US$17,324,781 from US$1,115,823 in 2002. The current ratio for 2003 is 1.6 compared to 0.34 in 2002.

Commenting on the results, Carrie Hartwick, President and CFO of Hartcourt said, " The financial performance of 2003 is the result of the consistent execution of our business strategy. Our revenue from the IT distribution and retailing sector in China continues to be robust and the trend will continue in Q1 2004 as Challenger`s results will be added to our financial statements. The write-off of assets will enable us to focus our resources in our core business and start 2004 on a clean slate. We believe more profitable companies will join Hartcourt creating the top IT marketing and service network in China. Hartcourt continues to be well positioned to achieve its goals for 2004, both in terms of our rapidly growing distribution network and upgrade of our internal operations."

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution, retail and services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China with high GDP growth. Hartcourt aims to provide capital access, financial control and governance, management talents, cross company synergies, operating efficiencies and expansion strategies to help these companies to outgrow the market. IDC predicts that the IT hardware spending will grow at over 18% in China for the next 5 years. Recent acquisitions of Hartcourt included six key IT distribution and retail services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.



Contact:
Contact:
Ms Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

[new_investor]

Shareholders Q&A
April 2004

Q: Following are the negative criticism of some I-Hub posters on the 10K. How are you going to answer them? In short, the financial strength of the company is terrible.
1. HRCT reported big loss instead of expected profit?
2. Sales were down 85% (according to some poster);
3. Sales were not near the $250 million benchmark you predicted;
4. Employees were 400 less;
5. All subs lost money.

A: These criticism are not only negative, they are completely inaccurate. The financial strength of a company is measured by 2 most important numbers: cash flow and current ratio (current assets over current liabilities). In our financial statements, Hartcourt recorded a net cash flow of $2,486,104 and a current ratio of 1.62. We think they are excellent. On other criticism:

1. The 2 issues that caused the loss were not from ongoing operations: one was the reserve (Provision) of $1.3 million on the SEC lawsuit`s worst scenario (our legal counsel is very optimistic on the outcome) and another was the $509,294 on the write-off of our investments mainly in Empact Solutions and E-Education. Since these companies are on-going entities, we do not agree with the conservative approach of our auditors. However, we shall recapture all these loss reserves and record back the profit in the future, should the lawsuit outcome and the disposal of our investments turn out to be better than the worst case scenario. The overall operation was profitable as we expected.

2. We don`t know where the critics came up with the 85% loss in sales revenue? Our revenue for 2003 was $111,397,742, an increase of 9,697% over 2002.

3. If we had recorded 12-month revenue of the 4 subsidiaries in 2003, we would have had $154,244,948 instead. The difference was due to the different timing of the year of the acquisitions. If we added Beijing Challenger, we would have had $211,020,576 in 2003 numbers. And these numbers are without the VAT tax (sales tax in China) which is 17% extra. Our original goal is based on total sales with VAT taxes included. If we added the 17%, the total sales should have been $246.9mil. We were a bit short of our projection, but we think we have made remarkable progress in the last 12 months.

4. In the merging and re-structure of all subsidiaries, we were able to cut back some extra positions. Adding Beijing Challenger and other companies, Hartcourt would have about 900 employees as per our projection. Since we have not completed the new acquisitions we only count the existing 4 subsidiaries. In any case, we think less overhead is always a good operating move.

5. Again, if we were to report all 12-month operational results of 4 subsidiaries, their net sale and operating profit would have been $154,244,948 and $2,301,149, respectively. The critics are completely inaccurate in their accusation.

Q: Is it illegal to release restricted shares ahead of the 1 year lock up period as what seems to have happened with Enlight`s disposal of shares? Are the 15 people whom were denied the release of their shares after the 1 year lock up period aware and okay with Enlights favored status?

A: Enlight directly and 2 other entities, as disclosed in the 10K, hold all of shares received from the Enlight transaction. They hold the same restricted shares and have agreed to lock up the shares for a 2-year period from the date of issuance. There was no selling of any Enlight shares into the market according to our records, and these 3 entities are still holding the same amount of shares. We believe the there was an error in the 10K which we will clarify with PGE.

Q: Does the pressure applied to John Furutani have any impact whatsoever on the ability of Hrct to defend itself in its current litigation?

A: The Subpeona of shares transaction records of John Furutani has nothing to do with Hartcourt. We are ready to bring in additional attorneys if Mr. Furutani could not handle the workload.

Q: Is the company confident that when it applies for another exchange, the application will be accepted? Does HRCT meet the criteria for listing on another exchange?

A: We planned to file a listing application for another exchange right after the 10K filing. Now that we have filed the 10K, our legal counsel at Preston, Gates and Ellis (PGE) is ready to submit the application.

Q: How quickly can we expect the ServiceNet expansion to develop? They have high profit margins and would benefit HRCT, as a whole, a great deal..

A: We are in constant consultation with the management of ServiceNet on expansion and growth. We believe this service business is highly positive for Hartcourt and very synergistic with our current operations. However we still need to conduct further financial due diligence and operational due diligence before we close the deal.

Q: ServiceNet has been removed from the website. Are they no longer an acquisition target?

A: As disclosed in the 10K, the definitive agreement was signed between Hartcourt and the owners of Service Net. However, we need to clear quite a few regulatory and business structure hurdles on this acquisition. We shall inform shareholders on the progress of the transaction.

Q: What is the general standard of living of non-management HRCT employees who work for HRCT subsidiaries? Lower/middle/upper class? Do they have medical benefits of any kind?

A: We have different levels of staff depending on their job nature and responsibilities. They are covered under Chinese government medical plan, which we are required to contribute on a monthly basis.

Q: Will the amended 144`s be filed soon?

A: We have already clarified the mistake with the brokerage and through our press releases.

Q: Have you ever paid anyone with private shares to keep shareholders and new interested ones up to date on HRCT positive activities 24/7 on the message boards?

A: No.

Q: Is there any plan to hire a professional PR-company in the near future?

A: Yes, we are evaluating several proposals and will announce shortly of our choices.

Q: If there is only a part of Hartcourt future profit in the IT-retailing sector, where exactly do the other profits come from and which relations do we have to expect??

A: The bulk of our profit other than retail business comes from IT distribution business. They are very complimentary. You could read more details on our business model in the 10K.

Q: How do think about the still continuing mobbing of HRCT on certain public boards, like raging bull?? The mobbing is consistent, with a huge amount of energy and engagement by the same bashers since more than 3 years now. Are you able, to explain us this phenomenon?

A: We could consider legal actions against any libels and slanders on Hartcourt. However, the cost does not justify the benefits; and the effect of these bashers on the share price (their primary and only objective) is minimal at best.

Q: How will Hartcourt reach the goal for 2004 (US$ 500Mil Revenues) although no larger deal was transacted Q1 /2004?

A: We are working on several deals at this moment. We plan to reach this target by combination of internal growth and external acquisitions. However we need to stress that our acquisition goals are different from what we can report in our reporting. Our acquisition target is based on proforma financials, which is the full year results of the acquired company had they been with us for a full year. Ie, we have so far acquired businesses with total annual sales over 225mil USD, however due to the different time of the year of the acquisition we are only able to consolidate a potion of their annual sales or not at all.

Q: Was there a plan to hire a new CEO which is now failed? If so, what was the reason?

A: There was no plan to hire a new CEO. Mr. David Chen was named acting CEO in June 2002, and the board has given him the full responsibilities at the end of 2002 as the CEO of the company. He was elected chairman at the 2003 annual general meeting.

Q: Has there been any deals that have been close to completion and that have been cancelled? If so, what was the reason?

A: We have not experienced any "no completion" so far. We have closed all of our acquisitions. We however is very selective and often pass on opportunities when the management doesn`t like the business size, profitability, quality of its management, growth prospect as well as price of the deal.

Q: Is HRCT now or have they ever engaged persons to post positive info about HRCT on public bulletin boards? And if so, did these poster(s) get paid with free or discounted HRCT shares? Does HRCT support either the Investors Hub HRCT board or the Ragingbull HRCT board?

A: We do not pay anyone to make postings on the message boards in cash or shares. We do not support any message board; however, there were some discussion of banner advertising on these boards.

Q: Do you have any idea what the most popular product is that the Hrct subs sells or distributes Laptops? Desktops? Monitors? A particular brand?

A: We are the number one market leader in monitors in Shanghai and Zhejiang area. Our retail operation is the largest in PC and Notebooks computers. We are large business partners with Samsung and IBM.

Q: What was the problem that resulted in the HotStockChat interview not being used? What happened and why?

A: We don`t know the reason, but the interview was complimentary for the company.

Q: Can you provide the specifics on the hiring of PGE? Did you retain them for the SEC issue, the application for the New Exchange or corporate matters in general?

A: PGE was instrumental in helping us acquiring assets in China and spin off FTL. They are also retained to help us with the listing application. If we need them on the SEC litigation, we shall add them to the team.

Q: Is John Furutani still HRCT`s legal counsel?

A: Yes, in addition to John Furutani, we have also retained the service of PGE as mentioned above.

Q: Does HRCT feel the current sized staff adequate to handle all the affairs now that HRCT has so many things happening at the same time? Are there any plans to add positions?

A: Total employees of Hartcourt and its subsidiaries are 680 . With the centralization of our subs` operations, we might be able to reduce this work force and save on overhead. On the other hand, as we continue to expand, we might need to add more talents.

Q: Could you explain a bit about Hrct`s COH position? It appears to be roughly half financing loans and half actual cash. Is that about correct?

A: We are in a cash intensive business whereby we use cash and short term bank facility to finance our working capital and normal business growth.

Q: I don`t want to jump the gun, but will Hrct go directly to an Asian exchange application after the approval of the major US exchange?

A: We will consider an Asian market listing application at the right time and for the right reason.

Forward-looking statements
The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this document pertains. The actual results of the specific items described in this document, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this document, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[Alboreit]

..da werden wohl einige zu voreilig verkauft haben??

AMEX wir kommen.

[Newbie13]

eben hatten wir kurzzeitig 25 US-Cent, jetzt wieder 36. Volumen 725.000

Also, ich ärger mich jedenfalls, dass ich drin geblieben bin.

[new_investor]

Hartcourt Completed the Challenger Acquisition

LOS ANGELES, CA, Apr. 20, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, announced today that it has completed all governmental requirements and completed the acquisition of Beijing Challenger group of companies (Challenger) as per the signed agreement dated December 9, 2003. Since Hartcourt owns 51 percent of all outstanding shares of Challenger, it will be able to consolidate 100 percent of Challenger revenue starting the first quarter of 2004.

The purchase price for 51 percent of Challenger is RMB31.3 Million (US$3.8 Million) payable in 6,324,748 restricted common shares of Hartcourt, calculated at US$0.60 a share, and an investment of RMB5 Million (US$610,000) into one of the wholly-owned subsidiaries of Challenger to strengthen its growth. The management team of the group will hold the remaining 49% of Challenger. Due to the recent decline in Hartcourt`s share price, additional 500,000 shares are issued at completion.

Started in 1995, Challenger is currently one of the key regional distributors and marketing partners for IBM (www.ibm.com/cn). Challenger`s five subsidiaries specialize in the full range of IBM products including NT server, UNIX server, storage devices, notebook and desktop computers, as well as offering complete range of integrated solutions to its customers in corporate, banking, telecommunication, education and government sectors. Its sales network covers the Northern China market including Beijing, Tianjin, Shandong, Shanxi, Hebei, Henan, and Inner Mongolia.

Challenger recorded combined revenue of RMB550 Million (US$66.7 Million) in 2003. In the first quarter of 2004, Challenger`s all five divisions posted strong growth compare to the first quarter of 2003. It further expanded its business in government and corporate sectors by winning key contracts to supply to government bodies including: China Banking Regulatory Commission, China Insurance Regulatory Commission, China Customs, and China Railway Ministry; and to corporate customers including: Siemens, China Telecom, China Tobacco and Sony, etc. Its notebook division posted over 50% quarter over quarter growth compare to 2003.

More details on Challenger could be obtained from its Web sites, www.changdegroup.com, www.shhelian.com or www.itserver.com.cn or Harcourt`s web site, www.hartcourt.com.

Mr. Song Ming, Chairman of Challenger Group, comments, "We are very excited to begin the year of 2004 as a part of Hartcourt`s fast growing distribution network in China. Under Hartcourt`s guidance, we have successfully launched our service business and acquired important customers in both corporate and government sectors. Further improvement effort of our operations is expected to meet Hartcourt`s demand on corporate governance, financial strategy and management planning. We look forward to contribute strongly to Hartcourt`s growth, and to work with Hartcourt`s subsidiaries for additional market share and increased profit margin."

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution, retail and services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China with high GDP growth. Hartcourt aims to provide capital access, financial planning and governance, management talents, cross company synergies, operating efficiencies and expansion strategies to help these companies to outgrow the market. IDC predicts that the IT hardware spending will grow at over 18% in China for the next 5 years. Recent acquisitions of Hartcourt included a number of key IT distribution, retail and services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc

[Rattlesnake]

@new_investor
du hast da ein paar interessante links im münchhausen-thread gepostet.
stelle sie doch nochmal hier rein. die informationen über die verträge und die links sind sicher lesenswert, aber ich poste dort nicht mehr.

Rattlesnake

[new_investor]

Also gut! Für alle dies interessiert:

Die von Preston|Gates|Ellis überarbeiteten Beteiligungsverträge (nach US Recht) der einzelnen Beteiligungen findet ihr hier:

HUAQING AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
GUANDGDONG NEWHAUSUN COMPUTER CO. AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
GUOWEI SCIENCE AND TECHNOLOGY AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
ZHANGNAN GROUP AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
HUAQING CORPORATION DEVELOPMENT CO AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
AGREEMENT FOR SALE AND PURCHASE OF PENGYANG
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
CHALLENGER WANZHONG INFO TECH CO., LTD AGREEMENT
http://www.sec.gov/Archives/edgar/data/949427/00010173860400…
Viel Spaß!

Schau mer mal

[Newbie13]

Hallo zusammen,

wie vielfach gewünscht nehm auch ich ab jetzt diesen Thread.

Sich durch die Filings durchzuwühlen ist ja nun auch nicht jedermann´s Geschmack.

Komprimiert findet man jetzt die Zahlen bei
http://finance.yahoo.com/q/is?s=HRCT.OB&annual" target="_blank" rel="nofollow ugc noopener">http://finance.yahoo.com/q/is?s=HRCT.OB&annual
und
http://finance.yahoo.com/q/is?s=HRCT.OB

da sind zwar ein paar Ungereimtheiten drin ("quarterly addiert ergibt nicht "annual"), aber es vermittelt einen Eindruck, warum der Kurs so abgerauscht ist.

Wie ist denn die Einschätzung der Gemeinde hier (rosarote Brille mal wegnehmen): haben wir derzeit den Boden, oder kann´s gut noch weiter runter gehen?

Mal schaun, ob´s hier auch ´ne rege Beteiligung gibt.

[Newbie13]

war nicht gestern "Mediation" vor dem "Court" wegen SEC-Klage? Hat jemand was gehört über Ablauf und/oder Ergebnis?

[new_investor]

Dear Shareholders,


Re: SEC Lawsuit Mediation

With reference the above mentioned, we would like to inform you that the mediation conference between us and the SEC took place in Los Angels, California on April 22, 2004. Both sides have presented their cases to the mediator whom will submit his report to the presiding judge before June 1, 2004 at which time a post-mediation status conference will be held and we shall learn the outcome of such report.

Yours sincerely,




Hartcourt

[Newbie13]

erst maul´n alle rum, dass immer der thread vom südamerikaner benutzt wird - und wenn mal jemand in ´nem anderen thread statement anregen will, dann ist schweigen im walde. schon ´ne komische Gemeinde hier.

[Rattlesnake]

ist schon okay, dass du diesen thread hier benutzt. im moment gibt es einfach nicht viel zu diskutieren. persönlich glaube ich, wir stehen vor einem neuen ausbruch, aber es ist jetzt an hartcourt, feuer an die lunte zu legen.

Rattlesnake

[Newbie13]

... und was bringt dich zu diesem glauben? ist es die hoffnung? oder kannst du mehr dazu sagen? ..........

[Rattlesnake]

@newbie
glaube, hoffnung, vertrauen. es ist schwer, eine grenze zwischen diesen drei begriffen zu ziehen.

dennoch glaube ich, dass der kurssturz nach den q4-zahlen zwar berechtigt, aber auch übertrieben war. aus mir unerklärlichen gründen haben wir in q4 einen einbruch der ohnehin schon niedrigen gewinnmarge gesehen. wenn aus den q1-zahlen nun hervorgeht, dass dies nur eine ausnahme war, und das glaube ich persönlich, dann wird der markt schnell wieder die ursprüngliche bewertung herstellen. und diese lag bei ca. 60 USct je aktie.

wir werden sehen.

Rattlesnake

[new_investor]

Wollen wir mal ein bisschen rechnen.

Hartcourt hat z.Zeit 173.374.392 Aktien
Kurs: 0,38 USD
Marktkapitalisierung: 65.9 Mio. USD

Q/1 Umsatz e : ca. 60 Mio. USD (mit Challenger Umsatz) und OHNE Wachstum
Gewinn: bei 1,5% Marge = 0,9 Mio. USD
bei 2 % Marge = 1,2 Mio. USD

Umsatz 2004 Gesamt: ca. 240 Mio. USD OHNE Wachstum und ohne weitere Übernahmen!!!
Gewinn: bei 1,5% Marge = 3,6 Mio. USD
bei 2 % Marge = 4,8 Mio. USD


Jetzt die große Preisfrage: Bei welchem Kurs ist Hartcourt fair bewertet??


Schau mer mal

[Rattlesnake]

ich würde bei den umsätzen von challenger ein wenig vorsichtiger rechnen. die angaben aus den PRs kannst du vergessen. warte lieber ab, was im filing steht.

aber gehen wir mal spasseshalber davon aus, dass du mit den q1-zahlen richtig liegst. wenn du die dann einfach aufs jahr hochrechnest, landest du auf 240 mio. in 2003 haben die fünf beteiligungen aber 212 mio umsatz gehabt. da wären dann also schon 15% wachstum drin.

die gewinnmarge ist halt das sorgenkind. da kann keiner im moment einschätzen, ob diese sich stabil richtung 2% entwickeln wird. hoffen wir es.

btw: bei 3,6 mio eventualgewinn stünden wir im moment bei einem kgv von 17!

Rattlesnake

[Put_or_Call]

wer sagt das HRCT fair bewertet sein muss

bin leider auch bei 0,35 € (nach dem 41cent Sprung) rein, da ich dachte es geht weiter hoch, so kannte ich HRCT auf jedenfall und nun muss ich dieses runtergedümpel mitmachen

naja schau ma mal wie sieht denn die Lage bei HRCT aus aktuell ?
Gibt es irgendwelche schlechten Nachrichten oder dümmpelt der Kurs nur einfach so rum ?

Gruss
PC

[new_investor]

UPDATE:

Hartcourt hat z.Zeit 173.374.392 Aktien
Kurs: 0,32 USD
Marktkapitalisierung: 55.5 Mio. USD

Q/1 Umsatz e : ca. 60 Mio. USD (mit Challenger Umsatz) und OHNE Wachstum
Gewinn: bei 1,5% Marge = 0,9 Mio. USD
bei 2 % Marge = 1,2 Mio. USD

Umsatz 2004 Gesamt: ca. 240 Mio. USD OHNE Wachstum und ohne weitere Übernahmen!!!
Gewinn: bei 1,5% Marge = 3,6 Mio. USD
Gewinn: bei 2,0% Marge = 4,8 Mio. USD


Jetzt die große Preisfrage: Bei welchem Kurs ist Hartcourt fair bewertet??


Schau mer mal

[new_investor]

Hartcourt Retains Corporate Communications Firm

LOS ANGELES, CA, May. 04, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, announced today that it has retained TTC Group to become its corporate communications counsel.

TTC Group has a successful track record of introducing public companies to some of the most prominent and well-respected money managers, funds, and institutions in the US investment community. It will be planning an active meeting schedule for Hartcourt in the coming months.

Mr. David Chen, CEO and Chairman of Hartcourt, comments: "We are excited about the investor relations program that TTC will be implementing for Hartcourt, and look forward to an active and busy schedule of meetings with individuals and institutions in the investment community."

"TTC is looking forward to representing Hartcourt within the US investment community and being a long-term and active partner in their continued success," stated Mr. Paul Strickland, Partner at TTC Group. About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution, retail and services sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China with high GDP growth. Hartcourt aims to provide capital access, financial planning and governance, management talents, cross company synergies, operating efficiencies and expansion strategies to help these companies to outgrow the market. IDC predicts that the IT hardware spending will grow at over 18% in China for the next 5 years. Recent acquisitions of Hartcourt included a number of key IT distribution, retail and services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

About TTC Group

TTC Group is a corporate communications firm located in New York City that specializes in assisting companies in gaining exposure in the investment community and media. Additional information about TTC can be obtained at: www.ttcominc.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
For Hartcourt
Ms. Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

For TTC Group
Paul Strickland
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc

[Dr.Spezialist]

Cash ist immer gut

[trojas]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Alboreit]

@Hi All

ich will es jetzt auch mal versuchen, ich möchte Euch auf die Reise mitnehmen, wenn ich eintauche, in die Welt der Glaskugeln und der Kaffeesatz lesenden Aktionäre. Gleichzeitig möchte ich euch teilhaben lassen, an meinen firmennahen Geheim-Informationen die ich aus 3.Hand für euch aufbereite, ich will nur soviel verlieren, es wurden mir wieder interessante News zuspielt. Versteht sich von selbst, dass ich hier nicht weiter darauf eingehen darf. Damit meine Quelle hier nicht misstrauisch wird muss ich einige Hinweise verschleiern und ich rate Euch zwischen den Zeilen zu lesen.

Nun ja in den nächsten 4 Wochen kommen Richtungsweisende NEWS, da werdet ihr mit den Ohren schlackern.
Ich gebe Euch mal einen Tipp: Es geht in Richtung Zahlen, die Umsatzexplosion durch die Einbeziehung
von Challenger gibt den ultimativen Start in die 3. Welle

Der nächste Hexentanz wird uns bei dem Ergebnis der SEC Klage erwarten, positiv zu werten, ist hierbei, „Die Sache ist vom Tisch“. Leider bleibt von den Rückstellungen nicht mehr viel übrig, da Hartcourt einer der teuersten Rechtsanwaltskanzleien beauftragt hat, die es zu beauftragen gab.

Der Weg ist frei, für den Börsengang an die AMEX, die anschließende Roadshow mit Bloomberg-Interview
vergrößert die Anlegerschar und lädt zu Kurssprüngen ein.

Leider wird der Höhenflug jäh gebremst, dass scheitern des Servicenet Deal´s lässt die Aktie von Ihrem Hoch
nach der Meldung des Börsenwechsels wieder in den Bereich unter die 0,50 $ Marke aufschlagen.
Demzufolge ist schon ein Quartal ohne eine einzige Übernahme vergangen. Der Teufelskreis, keine Übernahme wegen niedrigem Kurs und kein höherer Kurs wegen fehlender Übernahme schließt sich.

Aber „Kopf Hoch“ bei dem ganzen Szenario habe ich eine wichtige Figur vergessen, die aus dem Schatten der Glaskugel tritt und uns durch die anstehenden Kooperationen in ganz andere Dimensionen schleudert, ich sage nur Outsourcing und VOIP.

Aber warten wir es ab, sorry wenn ich aufgrund meiner geheimen Quelllen den Mantel der Verschwiegenheit
über diesen Bericht auferlege.

Hartcourt Strong Buy

A.

[Quipo]

@Alboreit

willkommen du brasil-nachfolger, oder bist du etwa der große meister daselbst?

quipo

[new_investor]

Noch ein UPDATE im vorfeld der am 17.05.04 erscheinenden REKORD Quartalszahlen:

Hartcourt hat z.Zeit 173.374.392 Aktien
Kurs: 0,31 USD
Marktkapitalisierung: 53.78 Mio. USD

Q/1 Umsatz e : ca. 60 Mio. USD (mit Challenger Umsatz) und OHNE Wachstum
Gewinn: bei 1,5% Marge = 0,9 Mio. USD
bei 2 % Marge = 1,2 Mio. USD

Umsatz 2004 Gesamt: ca. 288 Mio. USD mit 20% Wachstum aber ohne weitere Übernahmen!!!
Gewinn: bei 1,5% Marge = 4,32 Mio. USD = KGV ca.12,45
Gewinn: bei 2,0% Marge = 4,8 Mio. USD = KGV ca.9,3


Jetzt die große Preisfrage: Bei welchem Kurs ist Hartcourt, unter Berücksichtigung von: 20% Wachstum, weitere Übernahmen,beendigung der SEC-Klage,event. Börsenwechsel usw. fair bewertet??


Schau mer mal

[new_investor]

Hrct hat Verlängerung beantragt.Die Zahlen kommen innerhalb der nächsten 2 Wochen.

http://www.sec.gov/Archives/edgar/data/949427/00010173860400…

Schau mer mal

[Lloret]

innerhalb d. nächsten 5 Tagen!

Gruss
Lloret

[silberesel]

@lloret

.........dann ist auch die Frist für die angemeldeten Insiderverkäufe abgelaufen.............so ein Zufall!

[MaxAG]

Hartcourt ist sehr undurchsichtig!

Verlängerung beantragt, Frist für Insiderverkäufe läuft ab.

@silberesel
man kann das auch andersrum sehen.

Es gibt am Markt nur wenige Stücke von Hartcourt zu kaufen.
Sehr geringe Umsätze.
Vielleicht wollen ja ein paar Herren von Hartcourt,
das die Firma als unseriös angesehen werden kann.
Der Kurs fällt und fällt, damit die Herren billig einsteigen können.

Doch auch dieser Gedanke ist eigentlich Blödsinn

Gestern gings in den USA mit einem gigantischen Volumen
von ca. 37 000 € nach unten.

Selbst wenn jemand hier alle gekauft hätte, könte er
den gigantischen Reibach wohl nicht machen.

Ich sehe in der Aktie eine 50:50 Chance.
d.h. Gigantische Gewinne, oder Totalverlust

mfg
max

[Stock Crackie]

@Max

Totalverlust ? Warum ? Hartcourt hatte letztes Jahr ein etwa ausgeglichenes Ergebnis bei steigendem Umsatz durch Übernahme. Was spricht denn zur Zeit für Totalverlust ? Gar nichts. Allenfalls Verunsicherung. Da gibts nur eins Arschbacken zusammenkneifen und durch.

S.C.

[Alboreit]

@ quipo

Es war eher als Überbrückung in dieser nachrichtenarmen Zeit gedacht, es hat Dich keiner gezwungen meinen Beitrag zu lesen.

...oder hast Du momentan etwas konstruktives zu Hartcourt beizutragen.

Schade, es gibt Leute die sind für keinen Spass zu haben.

Alboreit

[MaxAG]

@Stock Crackie

deswegen sag ich ja, tolles Investment oder Totalverlust!


Wenn die Daten und Angaben, Pressmitteillungen, Zahlen,
die Hartcourt macht stimmt, dann ists ein gutes Investment.

Wenn allerdings da was faul ist!
Passierte in Zeiten des Internetbooms 2000 oft genug,
dann tendiert die Aktie gen Totalverlust!

Ich bin allerdings davon überzeugt das ersteres der
Fall ist!


Die Umsatzentwicklung 2003 ist ganz gut!

[kyron7htx]

0,275$ jetzt in den USA. Unglaublich wie hier gedrückt wird.
Ist das noch fundamental gerechtfertigt bei dem Kursniveau?

[AnkerLpzg]

Natürlich !!!

[kyron7htx]

Warum

[MaxAG]

Ob fundamental gerechtfertigt, stellt sich erst im
nachhinein heraus!

In 2 Wochen laufen angeblich die Haltefristen aus.
Heute gehts mal wieder unter etwas höheren Volumen nach unten.
Warum wurden die Veröffentlichung der Quartalszahlen,
wieder mal verschoben???
Die Deutsche Website ist auch Klasse.
Veröffentlichung der Jahreszahln 2003 im April steht da
drin.
Die wurden ja schon veröffentlich vor 4 oder 6 Wochen.
Warum schreiben die dann die Zahlen ned rein!
Die Firma scheint nicht sehr interessiert an Kurspflege!??

Mal sehen was rauskommt!?

[kyron7htx]

Ist ja alles richtig.
Aber jemand sackt die ganzen verkauften Aktien ja auch wieder ein.
Fragt sich nur ist das ein Wissender.

[silberesel]

noch 1 Tag Verkaufsdruck, dann ist der 19. und Schluß mit Lustig! War vielleicht Absicht von hrct, die "Untreuen" zu strafen?

Wenn nicht, fällt mir nur ein Vergleich ein:

Hartcourt = metabox

Chen = Domeyer

Kohle = futsch


GUEGRANG, YAN P 02/19/2004
652,230
E*TRADE SECURITIES I...
HUI, ZHANG P 02/19/2004
1,937,660
E*TRADE SECURITIES I...
JIAGA, QIU P 02/19/2004
667,500
E*TRADE SECURITIES I...
JIANGUO, QUAN P 02/19/2004
490,310
E*TRADE SECURITIES I...
JIANPING, ZHU P 02/19/2004
1,937,660
E*TRADE SECURITIES I...
MEIFANG, LOU P 02/19/2004
925,800
E*TRADE SECURITIES I...
MEILING, JIANG P 02/19/2004
228,240
E*TRADE SECURITIES I...
PAMLS, DAI P 02/19/2004
997,550
E*TRADE SECURITIES I...
QIN, LI XIAO P 02/19/2004
639,803
E*TRADE SECURITIES I...
QIN, SHI P 02/19/2004
1,000,890
E*TRADE SECURITIES I...
YI, SANG P 02/19/2004
1,300,060
E*TRADE SECURITIES I...
ZHENGSHENG, LI P 02/19/2004
2,630,421
E*TRADE SECURITIES I...

[new_investor]

Hartcourt`s Revenues Increased to $68 Million in Profitable First Quarter

LOS ANGELES, CA, May. 24, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, China`s fastest growing IT distribution and retail company, today filed 10QSB for the first quarter ending March 31, 2004.

Financial Highlights for the First Quarter of 2004:


-- Total revenue grew by 1,083% year-on-year to a record US$67.7 million
-- Gross profit increase by 799% year-over-year to US$3.52 million
-- Net profit increased to $57,842 compared to $186,916 loss in the same
period of 2003
-- Cash position increased to $6,837,164
-- Current Ratio is 1.4

Mr. David Chen, Hartcourt`s Chairman and CEO, comments, "Our share price has gone down 42% since 30 June 2003, while our revenue and operating profit have increased 141% and 220%, respectively, during the same period. We share our shareholders` frustration at this reverse logic. However, with the continuing improvement in performance results, as evidenced by this quarter`s numbers, we believe the market will eventually understand the strong fundamentals of Hartcourt`s business strategy."

Financial Results

For the quarter ended March 31, 2004, Hartcourt reported record total revenues of $67.7 million, an increase of 1,083% from $5.7 million reported in the same period in 2003 and an increase of 54% from $43.9 million reported in the previous quarter.

The Company reported a net profit of US$57,842, compared to the previous quarter`s net loss of US$1,549,155. This loss was principally due to provision for the SEC lawsuit, which are non-operating related. The same quarter of 2003 had a net loss of US$186,916.

Revenues from IT distribution and retailing business for the quarter were US$67,723,105, representing a 54% increase over the previous quarter`s US$43,897,565. The increase was the result of the consolidation of three months` operations of Challenger in the quarter ended March 31, 2004, and internal growth due to strong market demand.

Gross profit for the quarter were US$3,518,259, an increase of 79% over the previous quarter of US$1,970,767 and 799% over US$391,484 in the same period in 2003. The gross margin also increased from 4.5% in the previous quarter to 5.2% in this quarter.

Total operating expenses for the quarter were US$2,682,562, compare to the previous quarter of US$1,678,513 and US$474,311 from the corresponding period in 2003. This increase was largely due to the consolidation of three months` operational results of Challenger.

Total operating profit for the quarter was US$835,697, representing an improvement of 186% over last quarter`s operating profit of US$292,253. The Company had an operating loss of US$82,827 in the same quarter in 2003.

Total net profit for the quarter (after minority interests and income tax) was US$57,842, comparing to the net loss of US$1,549,155 for the previous quarter and US$186,916 for the corresponding period in 2003.

As of March 31, 2004, the Company`s total cash balance was US$6,837,164, an increase of 175% over previous quarter of US$2,486,103.

Carrie Hartwick, President and CFO, comments, "As Hartcourt consolidates the fragmented industry and bringing together a group of complementary businesses with strong regional foothold, we will continue to focus on extracting additional value from our businesses by integrating the customer platform further. Stronger profitability, gross margin and financial discipline will certainly guide our thinking while we look for additional opportunities as well as managing our existing divisions."

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT distribution sector. Hartcourt`s growth strategy is to acquire controlling interests in profitable IT companies with proven management in key geographical areas of China with high GDP growth. Hartcourt aims to provide capital access, financial control and governance, management talents, cross company synergies, and expansion strategies to help these companies to achieve higher operating efficiencies and to outgrow the market. IDC predicts that the IT hardware spending will grow at over 18% in China for the next 5 years. Hartcourt`s divisions include a number of key IT distribution and retail companies covering major regions of China with high GDP-per-capita. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc



Copyright 2004 Market Wire, All rights reserved.

[new_investor]

UPDATE :

Hartcourt hat z.Zeit 173.374.392 Aktien
Kurs: 0,32 USD
Marktkapitalisierung: 55,50 Mio. USD

Q/1 Umsatz : 68 Mio. USD
Gewinn: 0,05 Mio. USD


Schau mer mal

[Bergbauer_bb]

@new_investor oder sonst jemand:
Könnte mal einer die Vergleichszahlen zum letzten Jahr bzw voe 2 Jahren reinstellen.
So schlecht sieht das eigentlich nicht aus wenn man bedenkt was da vor 4-5 Jahren für Umsätze waren (ich war damals von 1,50 bis knapp 10,00 EUR dabei ;-)

[new_investor]

Hi @ll,

Bin mal kurz das Q-Filing überflogen sieht wirklich gut aus.
Bin positiv überrascht und will mal einige Daten hier reinstellen:

Positiv:
1. Im ersten Quartal wurden nur 3325218 neue Shares ausgegeben. Gesamt 17448232 HRCT-Aktien im Umlauf.
2. Challenger Deal: Hartcourt hat mit Challanger ein Commitment-Vertrag abgeschlossen indem sich Challenger zu einem Umsatz- und Profitziel verpflichtet hat!! Für den Deal bekommt Challenger 6824748 Hrct-Aktien die in raten bezahlt werden!! Im Q/1 wurden nur 2324748 Hrct-Aktien bezahlt.
3. Im März 2004 hat Hartcourt ein Restrukturierungsplan für Huaqing und Gowei auferlegt. Es wird geprüft die Geschäfte von Huaqing und Gowei eventuell zusammenzulegen (Fusion??) um bessere Ergebnisse (Profit) zu erzielen. Im Juni könnten wir erste Ergebnisse hören.
4. Total Assets = 57,3 Mio. USD !!!

Negativ:

1. ServiceNet Deal konnte nicht abgeschlossen werden, weil zwischen Challenger (IBM)
und ServiceNet (HP,Dell, Philips) ein Interessenkonflikt besteht!! Hartcourt wird
versuchen ServiceNet umzustrukturieren ?????

schau mer mal

[new_investor]

Hartcourt Promotes Carrie Hartwick to CEO

LOS ANGELES, CA, Jun. 03, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), announced today that, effective immediately, its Board of Directors has appointed Ms. Carrie Hartwick as its new CEO, replacing Mr. David Chen. She will also join the board. Mr. Chen will remain as Chairman of the board.

Ms Hartwick said, "The Board has approved the plan to slow down the company`s acquisition program which will allow the company to absorb its acquisitions and to improve its operating profit." She continued, "Instead of pursuing size and revenue growth (from $6 million in Q1 of 2003 to $68 million of revenue in Q1 of 2004), the main focus of Hartcourt during the next 12 months will be perfecting the ERP system and thereby, improving operating efficiency, financial control and most importantly, operating profit."

Ms Hartwick brings to Hartcourt over 18 years of operating experience in finance, tax, audit, legal, business operations and information system management. She has spent the last 8 years in China, mastering the internal control system of large US companies. Previously, she served as Finance Director of Dell China/HK, a fast growth, multi-billion dollar operation. During her distinguished career, she also served as the Finance Director of Gillette China, and held various positions within Johnson & Johnson, including Finance Controller for Johnson & Johnson (Shanghai). Ms Hartwick holds a Bachelor of Accounting degree from Rutgers University.

Mr. Chen said, "Hartcourt`s revenue has grown from $6 million in the first quarter of 2003 to $68 million in the first quarter of 2004. To maintain such spectacular growth rate, the company would require a huge financial infusion and managerial talents which would stretch Hartcourt`s resources to its limit. In addition, the market has not rewarded our success as expected; therefore, additional acquisitions would only dilute existing shareholders unfairly. In the interest of shareholder equity I proposed that we take a breather on the acquisition program and allow our operating managers the time to focus on the company`s productivity. With Ms Hartwick`s background and experience, she is obviously the right person to implement this new strategy. We look forward to a great performance under her leadership."

Ms Hartwick said, "Mr. Chen has done an incredible job for Hartcourt. I will do my part to perfect his achievements. Hartcourt`s subsidiaries need operational controls, financial disciplines, marketing innovation and modern technology to improve their profitability and market position. The required tasks are tedious, detailed and concentrated. Progress will be measured in small daily increments without major fanfare."

About Hartcourt

The Hartcourt Companies, Inc. is one of China`s fastest growing companies in the IT product distribution and retail services sector. Hartcourt reported $67.7 million in revenue and a profit of $57,842 in the first quarter of 2004 compared to revenue of $5.7 million and a loss of $186,916 in the same period in 2003. More about Hartcourt`s achievements and operations may be found on its web site, www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms. Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies Inc



Copyright 2004 Market Wire, All rights reserved.

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[new_investor]

Shareholder Q&A May 2004

Q: There are many doom-and-gloom bashings of Hartcourt from the chat rooms. Give us your true assessment of the company as of today?

A: The most accurate valuation of Hartcourt should come from the financial statements we filed in the newest 10Q. As of 3/31/04, in a 3-month period, we recorded a revenue of $67.7 million, an operating profit of $3.5 million, a net profit of $58,000 (due to high legal and accounting fees associated with the acquisitions), a cash on hand of $6.8 million, and a healthy current ratio of 1.4. The professional bashers and the pessimistic doomsayers have proclaimed the death of Hartcourt for the last 10 years. We let the numbers speak for themselves.

Q: Why does the installation of ERP software take that long to complete? Someone claimed that American Airlines did it in 8 months?

A: The ERP (Enterprise Resources Planning) system requires the integration of 4 major components: Financial Systems (Accounting, Capital Budgeting, Risk Analysis…) Operations and Logistics (Inventory Management, Materials Management, Purchasing, Quality Management, Shipping, Vendor Evaluation…), Sales and Marketing (Order Management, Pricing, Sales Planning and Management, Customer Relationship Management…) and Human Resources (Payroll, Personnel Training, Benefit Management…). American Airlines might just have to do one task: integration of the already-existed components. In our case, we have to start from the beginning with our subsidiaries. The task is very tedious and time-consuming.

Q: What’s going on with the SEC lawsuit? Did we have a conference on June 1st?

A: On June 1st, the Court has established the trial date to be 30 March 2005. Until then, the legal proceedings will continue as usual with discoveries and depositions from both parties etc…. However, we have already written down $1.3 million against the worst scenario for Hartcourt. There is no longer any downside risk relating to this case. However, since our legal counsel is very optimistic on a favorable outcome, we think of it as a good chance to re-capture the earnings we had written off.

Q: Please give us an update on our application to another exchange. Is there a new timeline for this to happen, and if so, why?

A: On advice from the law firm of Preston Gates, we will refrain from any comment on this subject, until we are approved and be ready for the new listing.

Q: What are we going to do about this low margin of profit? We might have just as easily been unprofitable in Q1, as $57,000 is only a drop in the bucket compared to $67 million in revs.

A: That was one of the reasons why the Board of Directors have decided to slow down the acquisitions to allow the operation managers to work on the bottom line. In addition to the ERP system, we have embarked on a TQM (Total Quality Management) with a goal of continuous improvement on all operations. A Six Sigma quality program is being implemented. Ms. Carrie Hartwick, our new CEO, will devote a substantial portion of her time on accomplishing the TQM and bring out better performance of the subsidiaries.

Q: In my opinion, TTC is just what Hartcourt needs to get the word out to the institutional community… This will leave David Chen and co. more time to pursue other daily business items. Does TTC feel there would be adequate interest with the money people for Hartcourt in this area? Can you share some of the TTC plan with us?

A: We are working with TTC on a major road show to present Hartcourt to institutional investors. The timing will be selected to obtain maximum impact. As a result, we need to fully prepare on our part, not only the presentation materials, but to be able to show these investors strong evidence of sustainable profitability and growth strategy.

Q: Any word on where and when the 2004 shareholders meeting will take place and can we expect all relative parties to be present, such as CEO, President, CFO and others?

A: We are still planning the Annual Shareholder Meeting in late August in Las Vegas. It should be a great gathering of management, shareholders, friends and supporters of Hartcourt.

Q: What is the status of FTL listing and share distribution as dividends?

A: We have re-submitted Form 10-SB as required by the SEC. Once it is approved, the listing and share distribution will begin. The law firm of Preston Gates is also handling this listing process.

Q: Concerning the share price, the low volume and absence of exposure to Institutions and funds leaves Hartcourt open to manipulation by trading groups, offshore short sellers and retail investors of all types. Does Hartcourt have a plan to take away the ability of these types to control its destiny from the share price standpoint?

A: We think the effectiveness of the professional bashers and short sellers in targeting Hartcourt is a major reason for the recent downturn of the share price, despite over 1,000% of growth rate in revenues and operating profit. Operating from the anonymity of the chat rooms, they are very successful in spreading the gloom-and-doom perception and clouding reality from the shareholders’ mind. Since we cannot operate that way, we are quite helpless against this tactic.


Forward-looking statements

The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this document pertains. The actual results of the specific items described in this document, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this document, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[Rattlesnake]

ich denke, es ist absolut richitg, dass

1. hartcourt die mittelfristige strategie geändert hat und sich nun auf konsolidierung und gewinnoptimierung konzentriert.
2. hartcourt diese strategieänderung den aktionären in einer PR mitgeteilt hat. die alternative wäre gewesen, die aktionäre in dem glauben zu lassen, es könne jeden tag eine neue aquisition vermeldet werden. je später sie damit rausgerückt wären, um so größer wäre die enttäuschung gewesen.
3. hartcourt nun carrie hartwick zum CEO gemacht hat. die wenigsten verstehen die große bedeutung hinter diesem schritt.

es ist noch ein langer weg zum grossen geld. viele news und fantastische kursschübe, wie man es von manchem in den nachbarthreads suggeriert bekommt, wird es nicht geben. nicht sobald jedenfalls...

Rattlesnake

[Rattlesnake]

die konzentration auf die implementierung der ERP-software und deren priorisierung als ziel nr. 1 hat aus meiner sicht einen einfachen grund:
wenn hartcourt den börsenwechsel einst vollzogen haben wird, dann wird der kurs nicht von alleine anspringen. für einen nachhaltigen und stetigen anstieg müssen die jungs mit der richtig fetten kohle von hartcourts zukunft überzeugt werden. investoren, die ohne probleme 5-10 mio aktien kaufen und halten können.
und das erste, was die sehen wollen, sind funktionierende interne prozesse. die wollen wissen:
- wieviel umsatz plant man in den nächsten quartalen,
- wie ist der derzeitig soll-ist-stand,
- wie verteilt sich der umsatz auf bestimmte kostenträger,
- wie verteilt sich die gewinnmarge auf bestimmte kostenträger
- steigt der anteil der qualitativ höherwertigen und margenstärkeren produkte am gesamtumsatz, und wenn ja, wieviel und wie sah das über die letzten quartale aus
- gibt es eine tagesaktuelle verkaufsstatistik pro tochterunternehmen, pro laden, pro vertriebsmitarbeiter
- können auf knopfdruck eine bilanz und eine GuV erstellt werden
- wie flexibel ist die preisgestaltung, kann flexibel auf den wettbewerb reagiert werden
- gibt es kunden, die alleine einen sehr hohen anteil am gesamtumsatz machen
- usw. usw.

institutionelle investoren wollen einfach ihr geld nicht in ein unternehmen stecken, von dem sie nicht wissen, ob es eines tages selbst von seinem negativen geschäftsverlauf überrascht wird und dann andere überrascht.
die software bzw. deren wirkung bei der integration der tochterunternehmen ist der schlüssel zu
- besserem organischem wachstum,
- höherem gewinn,
- höherer transparenz für investoren
- einem höheren aktienkurs
- einer wiederaufnahme der aquisitionspläne

Rattlesnake

[Rattlesnake]

einige von euch, die auch das Ihub lesen, haben vielleicht mitbekommen, dass spooky und ich im letzten monat in shanghai und unter anderem auch bei hartcourt waren. dort haben wir auch mit carrie gesprochen.
da ich in einem anderen thread gerade gelesen habe, dass jemand angibt, über ein erst kürzlich geführtes gespräch mit carrie informiert worden zu sein, möchte ich nur kurz klarstellen, dass es sich dabei nicht um unser gespräch handelt. die angesprochenen informationen, von denen ich nicht glaube, dass derjenige sie hat, sind also nicht von mir!

hier nochmal die zusammenfassung aus dem Ihub:

wie die meisten ja mitbekommen haben, waren spooky und ich zu andis hochzeitsparty eingeladen und wir haben dies natürlich mit einem kleinen urlaub verbunden. da spooky noch ein paar tage länger geblieben ist, habe ich versprochen, schon mal eine kurze zusammenfassung zu geben:

die stadt:
shanghai ist in jeder hinsicht atemberaubend; sowohl im übertragenen als auch im wörtlichen sinne. die stadt, in der sich sieben tage die woche ein unendlicher strom aus bussen, autos, motorrollern und fahrrädern einen eisenharten überlebenskampf mit wirklich mutigen fussgängern liefert, hat es mittlerweile auf mehr als 20 mio einwohner gebracht. die dynamik, mit der sich die stadt in den letzten 10 jahren entwickelt haben muss, ist allgegenwärtig und ungebremst.

die stores:
den tag vor der party nutzten wir u.a. zur besichtigung einer gigantischen computer-shopping-mall, in der sich auch einige stores von huaqing und guowei befanden. ein mitarbeiter von guowei zeigte uns den zweitgrößten shop von guowei. da wir spät abends da waren, waren kaum kunden im laden, aber der kerl versicherte uns, an einem guten wochenende verkauften sie tatsächlich hunderte von PCs. während wir in der mall waren arbeiteten gerade einige mitarbeiter von guowei an der einrichtung eines neuen shops, der am nächsten tag eröffnet werden sollte. mit dem operativen geschäft geht es also gut voran, was die jetzt vorgelegten zahlen ja auch deutlich unterstrichen haben.

die party:
ich traf david chen und alan phan bei andis hochzeitsparty, die traditionell hauptsächlich aus einem großangelegten abendbankett bestand. da ich mit den beiden an einem tisch sass und beiden vorher noch nie begegnet war, haben wir uns erstmal kurz kennengelernt und ein bisschen gesmalltalkt. nach dem essen luden sie uns (andi, spooky und mich) für den übernächsten tag zum mittagessen mit führung durch die büros von hartcourt, huaqing und guowei ein. die party war spitze, wenn auch ein wenig kurz (feiern müssen die chinesen noch lernen...).

bei hartcourt:
david und alan nahmen uns in empfang und stellten uns einige mitarbeiter vor. danach haben wir etwa eine stunde über hartcourt gesprochen. wir wurden gebeten, bei allen fragen auf das thema börsenwechsel zu verzichten, da sie dazu keine informationen herausgeben würden. nach dem essen zeigte uns carrie dann die beteiligungen und wir haben sie etwa eine stunde lang ausgequetscht. aus allen gesprächen habe ich persönlich folgendes mitgenommen:
das operative geschäft der beteiligungen läuft auch aus der sicht von hartcourt sehr zufriedenstellend. der einfache und doch so komplexe zusammenhang zwischen aktienkurs, fortsetzung der aggressiven expansionsstrategie und dem interesse institutioneller investoren ist hartcourt durchaus bewusst und man arbeitet daran.
da im operativen bereich alles gut läuft, kommt es nun vor allem auf die arbeit von carrie an, um aus den beteiligungen das optimale rauszuholen. sie macht wirklich einen absolut kompetenten eindruck. obwohl sie erst seit kurzem bei hartcourt ist, hatte sie alle wichtigen zahlen im kopf und erweckte den eindruck, von anfang an dabei gewesen zu sein. auf die ständigen nervenden verzögerungen bei der abgabe der filings angesprochen, war sie sichtlich zerknirscht und es war ihr ganz schön peinlich. sie erklärte uns, dass sie am umbau der finanzabteilung und der integration der ERP-software mit hochdruck arbeitet und dass dieser schwierige prozess bis oktober abgeschlossen sein soll.
auf unsere frage, was bei dem hearing wegen der SEC-klage los war, erfuhren wir folgendes: die anwälte von hartcourt waren gut gerüstet und trafen vor dem richter auf zwei gegnerische anwälte der SEC. die beiden hatten keine ahnung, worum es bei dem fall eigentlich ging. auch die klage hatten sie nicht gelesen. der richter war darüber sehr verärgert und machte deutlich, dass er für solche art zeitverschwendung wenig übrig habe. hartcourt glaubt, dass die klage, wenn sie wirklich vor gericht gehen sollte, keine chance hat. persönlich glaube ich nicht, dass das thema am 1. juni vom tisch ist, aber die chancen, dass wir von den zurückgestellten 1,3 mio dollar den löwenanteil wiedersehen werden, sehe ich als deutlich gestiegen an.

fazit:
ich denke, wir haben unser geld im richtigen unternehmen investiert; vor allem weil das operative geschäft gesund und auf wachstumskurs ist. der entgültige durchbruch am kapitalmarkt scheint mir aber noch eine frage der zeit zu sein.


gruesse
Rattlesnake

[dirkmuc]

@rattlesnake

na, vielen vielen dank für die beiden sehr aufschlussreichen und aus meiner sicht auch sehr kompetenten stellungnahmen deinerseits. das ist inhaltlich mal etwas........komiscch finde ich nur, dass das keinem hier auffällt, da gibt es andere, die stellen sich über phantome ihre fragen selber, die sie dann in ihrer konservierten einfältigkeit gewohnt pseudo - seriös beantworten

nix für ungut....ich persönlich glaube, dass noch viel postives zu berichten sein wird nachdem die strategie sehr realistisch klingt. ich hoffe das beste...
vielen dank nochmals...

cheers

dirk

[leasi]

@ Rattlesnake

vor vielen Jahren hat dieser Dr.Phan auf einer Promotiontoure folgendes gesagt:" wir Chinesen wissen wie man Geschäfte macht,da kann die Welt noch viel lernen".
Der Kurs hat seit der Zeit fast 99% verloren. Ein Anwesender Analyst meinte dazu :" diese Aktie würde ich nicht mit der Beißzange anfassen". Leider erinnere ich mich nicht an seinen Namen. Aber sicher haben Institutionelle kein Interresse an Hartcourt Com.
Leasi

[FunArg]

@leasi..........falls es Dir schon mal aufgefallen sein sollte,die HRCT von heute ist nicht mehr die HRCT von damals.Also ich weiss nicht ob man so einfältig sowas schreiben kann wie du es tatest.

FunArg

[Rattlesnake]

@leasi
ich denke, da liegst du tatsächlich falsch. institutionelle investoren investieren nicht in firmennamen sondern in gechäftsmodelle. wenn diese leute 1999 um hartcourt einen bogen machten, kann ich das aus heutiger sicht nachvollziehen. aber nenne mir bitte gründe, warum sie heute(!) kein interesse haben sollten?

Rattlesnake

[KATZENHASSER]

@leasi
Hast recht.
Instis haben auch kein Interesse,niemand wird Dir hier einen Beleg dafür geben können.
Alles Träumerei von Leuten, die sich von dem Kram nicht trennen können.
Schau Dir den Kurs an,hier hängen nur Zocker drin.

[Rattlesnake]

@KATZENHASSER
selbstverständlich zocken immer wieder leute mit hartcourt. das bestreitet doch keiner. und selbstverständlich sind keine institutionellen anleger investiert. das hat auch keiner behauptet.
die frage ist aber, ob das interesse unter bestimmten voraussetzungen da wäre und ob die jungs bei erfüllung dieser voraussetzungen einsteigen würden.

Rattlesnake

[Rattlesnake]

June 14, 2004

Dear Shareholders:

As the new CEO of the company, I want to share with you my perspective of the company, where we are, where we are going and how we plan to do it.

As directed by the Board, my principal objective over the next 12 months would be to upgrade Hartcourt and its subsidiaries’ operations to the quality level of a world-class enterprise. Externally, we will sharply focus on our core competitive advantages in the market place, invest resources on the business units where we have the critical mass and enjoy clear market leadership position. Those business units not meeting the criteria will be either restructured, repositioned or spun off. Internally, we will put in place a robust financial management system, define and improve operational metrics, identify and implement cost reduction initiatives and set high standards on corporate governance. We believe that Hartcourt’s tangible and intangible values will increase proportionately as we focus on the three equally important elements: growth, profitability and liquidity. I know the share price would be the most important issue to you, but we cannot have a stable share price without the fundamentals being firmly in place.

In line with this management direction, we will amend our approach to the investor relations program as well. The dissemination of information on Hartcourt will be primarily done through the SEC filings such as Form 8K, 10Q and 10K. There will not be too many Press Releases or Public Announcements. Operational management is a solid, down-to-earth, incremental improvement process. Our aim is to have actual performance exceeding expectations rather than project optimistic future outlooks. The management team will continue to listen to your constructive criticisms and suggestions. Please Email us directly at [e-mail]. We will continue to compile and publish the most common and interesting questions in our monthly Q&A.

On the investment side, due to the small trading volume, our share price has been easily manipulated by the market makers and the short sellers. To counter this negative factor, we need to attract new investors, especially institutional investors. Programs are in place to achieve this objective. We are planning a September road show and continue to work towards putting our listing on a new exchange.

Finally, China’s growing economy provides a favorable environment for Hartcourt’s thriving business. We will re-start the acquisition program as another growth engine when the share price reflects the true value of Hartcourt. With the support of our employees, suppliers and, of course, our fellow shareholders, we expect to have a year marked as solid operational improvements and the beginning of an even brighter future in the years beyond.

Best regards,

Carrie Hartwick

[Rattlesnake]

ich wage die prognose, dass wir in Q2 ein weiteres rekordquartal haben werden. sowohl beim umsatz als auch beim gewinn. carrie dürfte inzwischen nach ihren eigenen planungen soweit sein, ein wöchentliches reporting über die zahlen der subs zu bekommen. da das quartal fast zu ende ist, könnten die zahlen also schon absehbar sein.
die tatsache, dass sie die roadshow für september plant (am 15. august ist 10Q-termin), legt nahe, dass sie sich von den Q2-zahlen bereits einen ersten schub erhofft. hervorragende zahlen wären m.E. die basis für eine erfolgreiche roadshow.

dennoch wird diesen monat nichts mehr passieren. zeit also, um sich in ruhe die EM anzusehen.

Rattlesnake

[peer_kleist]

@rattelsnake

das denke ich auch!!!
eine roadshow ohne erfolgreiche zahlen und aussichten macht kein sinn. wie soll man sonst die investoren überzeugen?
daher denke ich, dass in den nächsten 6 monaten der kurs wieder auf faires niveau steigen wird.
zudem hat sich ein boden geblidet 0,30$, was auch den ganzen abwärtstrend relativiert.
grüsse peer

[FunArg]

Hallo rattle.......weißt Du was mit der i-hub seite los ist,ich komm einfach nicht in die Seite rein.
Grüße FunArg

[Rattlesnake]

nein, die seite ist offenbar nicht online. aber warum, weiss ich nicht...

Rattlesnake

[Rattlesnake]

jetzt gehts wieder...

[AnkerLpzg]

Ein Dreckswert sondergleichen ...

[Gurki]

Hallo Leute ,

bin zurück vom Urlaub und muss feststellen, dass sich (leider) nicht viel getan hat.

Ja Mrs. Hartwick hat und einen Brief geschrieben, der uns - wiedermal - zum Durchhalten animieren soll. Aber ehrlich gesagt .... langsam habe ich keine Lust mehr mich von Strohhalm zu Strohhalm zu hangeln ....

.... auch lässt das Handelsvolumen der letzten Tage geschweigedenn der Kursverlauf auf gestiegenes vertrauen in HRCT hin.

Gut eine Roadshow im September ..... weniger als unsere PR-Firmen kann das auch nicht bringen .....

[Rattlesnake]

ich verstehe, dass du frustriert bist. kein ernsthafter aktionär kann mit demn aktuellen kursverlauf glücklich sein.
dennoch. carrie hartwick hat uns keinen durchhalte-brief geschrieben. im gegenteil: sie hat nüchtern und sachlich geschrieben, worauf sie sich als CEO und CFO in den nächsten 12 monaten konzentrieren wird.
viel eher werden hier im board immer wieder wunschvorstellungen einzelner, wie "das war die beste woche für einen einstieg" oder "nächste woche werden wir mal wieder richtig abgehen" oder "was da im juni noch auf uns zukommt" in verbindung mit nicht vorhandenen verlässlichen quellen zu realitäten erhoben und damit erwartungen geschürt, die sich dann nicht erfüllen.
ich verstehe, dass dich das wütend macht. du solltest aber dafür nicht hartcourt die schuld geben.

dass sich im juni nicht mehr viel tun wird, ist bestimmt auch richtig. hartcourt hat aber auch nichts anderes behauptet...

Rattlesnake

[Gurki]

@rattle:

ich gebe nicht ausschliesslich hrct die schuld ! und wütend bin ich auch nicht so schnell ......

nur .... wie oft haben wir gedacht:"jetzt hat es hrct gepackt", kommt in ruhigere fahrwasser insbesondere der kurs und dann ..... umstrukturierung ..... oder neues management ..... oder neuer buissnesplan ..... und und und ...

seit meinem ersten einstieg 11/99 ging es auf und ab .... was eben gehörig an den nerven gezehrt hat ..... 1$ dollar wäre zwar nicht schlecht gewesen aber eben unrealistisch ... ich wäre bei einem kurs von 0,50$ schon wieder viel beruhigter ...... nicht mehr und nicht weniger !

[Gurki]

Genau das meine ich ....... auch wenn man die Aussagen von anderen Boardteilnehmern mit Vorsicht betrachten sollte, so deutet der gestrige Tag nicht gerade auf eine Beruhigung hin.
Erst Recht wenn mann auch die Grösse der Einzeltrades anschaut !

Da waren Trades von 60.000 und sogar 100.000 Stücken dabei, was m.E. auf den Verlust des Vertrauens "grosser" Anleger hinweis !

..... kleiner Trost ..... irgendwer hat die Aktien ja auch gekauft .....

[FunArg]

Gurki,wenn Du Stückzahlen von 60 - 100 k schon zu Großanlegern zählst,na ich weiss ja nicht.Dann hätten 7 Leute von meinerSorte verkauft und das Handelsvolumen wäre auch so hoch und ich bin mitnichten ein "Großanleger".Wenn man noch eine Stelle mehr dran hängt,dann wäre ich ernsthaft besorgt.Die Umsätze sind alles nur Kleinanleger und die Spekulationswoge lässt auch wieder grüßen.

FunArg

[steve_I]

Guten morgen.....

An welchem börsenplatz handelt ihr eigentlich mit hartcourt. Meine letzten hatte ich noch über frankfurt gezogen. Jetzt wollte ich einen teil wieder verklingeln und bei consors läßt man weder berlin noch frankfurt zu.
Angeblich würde hartcourt dort nicht gehandelt.
Läuft aber auch einfach nur sch... das teil.

[Rattlesnake]

@gurki
diese verkäufe haben nichts mit vertrauensverlust zu tun. vielmehr (im weitesten sinne) mit realitätsverlust. es sind in der hauptsache kleinanleger (andere gibt es bei hartcourt im moment auch nicht), die in der euphoriephase des letzten jahres für ihre verhältnisse viel geld in hartcourt gesteckt haben und glaubten, in kurzer zeit reiche werden zu können. jetzt sehen sie ihre einstandskurse nach und nach wieder, bzw. haben bereits verluste und begrenzen diese nun.

Rattlesnake

[Rattlesnake]

@steve_I
ja, ist im moment kein zuckerschlecken... handel über frankfurt müsste aber funktionieren.

Rattlesnake

[Gurki]

O.K. ... ich sehe ja ein, dass 60k oder 100k noch keine Grossanleger sind, aber eben doch Anleger, die je nach Einstieg viel Geld in HRCT investiert haben ..... und schliesslich ist bei diesem Umsätzen, zur Stabilisierung des Shareprice jeder Anlager wichtig , der seine Shares hält.

Nur mal so zu meinem Verständnis ...... wie kommt es, dass HRCT bei den geringen Umsätzen seit durchbrechen der 0,40$ , bis 0,255$ durchrauscht !?
Das steht doch in keinem Verhältnis ..... die MM´s können aber auch nicht schuld daran sein, weil die Umsätze m.E. auch zu gering waren für ´ne Menge schneller Dollars .....

Wir werden sehen ......

Vielleicht kann sich Andi ja mal äussern, inwieweit Phan bei HRCT noch mitwurs(ch)telt bzw. noch entscheidend mitreden kann !?

Euch allen einen schönen (grünen) Tag und
unserer Mannschaft heute Abend feste Daumen drücken

[Trader4ever]

@gurki

Hallo, mein Freund,
wenn eine Beziehung sich nicht entwickelt trennt man sich, richtig?
Wenn eine Aktie sich nach einem Kurssturz von $19 im Jahre 1999 auf pennystock Niveau sinkt und fünf Jahre, unbenommen neben wachsenden Firmenbeteiligungen, Dilution betreibt so bleibt diese Papier für den Rest seiner Existenz ein pennystock. Falsch? Natürlich - wie immer bei allen Hartcourt-Fans LOL

Will sagen, HRCT wird immer wieder Hyphes erleben bis 0.50 oder sogar bis 1.00 - aber das wird es immer gewesen sein - oder möchtest Du Dir wirklich weitere fünf Jahre Illusionen machen?
Die Markt bietet richtig tolle Stories - Hartcourt ist out und nur noch ein Trading Titel. Longterm ist diese Story genauso ein auf und ab wie der Kurs im Rahmen 0.10 - 1.00 - je mehr Aktien ausgegeben werden desto weiter weg werden sich die 1.00 chancen bewegen. Hartcourt wird niemals
ein Big Player in China, selbst nicht mit der neuen vielversprechenden Lady-CEO.



Rat eines hessischer Freund aus alten Hartcourt-Zeiten ;-) - beende doch einfach diese ärmliche Beziehung LOL In der Zwischenzeit hättest Du mit der Beschäftigung mit Nanostocks, Security-Stocks, Bitechs tec. echtes Geld gemacht.

Wenn Du Dich nicht trennen kannst - viel Glück!

[kyron7htx]

Dann sollte man bei Kursen um 0,06$ wieder zugreifen, zweieinhalb Jahre warten bei entsprechender Kursüberwachung und dann bei 1,00€ bis 1,20$ 2000% Gewinn mitnehmen richtig???
So einfach ist das?!

[Rattlesnake]

ein neuer mann an bord:

Bin Kang, Controller, Corporate Accounting
Mr. Kang joined Hartcourt in May 2004 as Senior financial manager responsible for accounting, internal auditing, financial control and SEC reporting. Prior to Hartcourt, Mr. Kang has worked in Ernst & Young Shanghai office for over 6 years, and accumulated rich experiences in the area of audit, tax, financial due diligence review and anagement advisory services. He received his bachelor degree in Economics from Shanghai Fudan University.

quelle:
http://www.hartcourt.com/management.htm

Rattlesnake

[silberesel]

man wird sich bei hrct gegen den Kursverlauf wehren!

U.a. mit folgenden Maßnahmen:

1) Gute Quartalszahlen mit stetig steigenden Umsätzen und Gewinnen (Umsatz 2004 ohne zusätzliche Aquisitionen ca. 300 Mio. $, Gewinn ca. >5 Mio. $, KGV < 10 , fundamental also alles O.K.

2) Roadshow im Herbst

3) und das Beste: AKTIENRÜCKKAUF, finanziert aus Cash-Bestand

Jetzt verkaufen????????????????????????????????????????????????????????????

[KATZENHASSER]

Wie kommst Du um Himmelswillen auf 5 Mio. Gewinn?

[Alboreit]

@silberesel

wie kommst du darauf das Hartcourt eigene Aktien zurück kauft?
Quellenangabe bitte, wir hatten schon genügend Hellseher

[Rattlesnake]

hartcourt hat sicher keinen cash um eigene aktien zurückzukaufen. sicher ist der kurs gerade extrem niedrig und gerdezu perfekt für ein aktienrückkaufprogramm. aber die x mio cash, die hartcourt in der bianz ausweist, sind umlaufvermögen und für das operative geschäft der beteiligungen notwendig. davon kann nichts abgezweigt werden.
darüberhinaus hat hartcourt die möglichkeit eines kurzfristigen aktienrückkaufs definitiv ausgeschlossen. langfristig sehe ich da schon eher möglichkeiten...

Rattlesnake

[Rattlesnake]

und noch ein neuer mann an bord:

Eugene Wu, Controller, Operation Finance
Mr. Wu joined in Hartcourt in May 2004. He is responsible for financial operation of each subsidiary. Prior to Hartcourt, Mr. Wu worked in Dell China for over 4 years as senior finance manager, focusing on improving the company liquidity. Prior to Dell, he served in Comaq Computer as finance manager for about 2 years. Mr. Wu has accumulated rich experience in business operation and financial management. He received his master degree in investment economics from Xiamen University.

quelle:
http://www.hartcourt.com/management.htm

Rattlesnake

[aktientiger2]

ja bin ich denn der letzte, der sich hier noch
aufhält?? kann mich ja schon mal nach dem lichtschalter
umsehen!

[Rattlesnake]

@aktientiger
nein, bist du nicht. gibt halt nur einfach nicht viel zu schreiben...

Rattlesnake

[was]

wann werden die nächsten Zahlen erwartet ?

Habe auch eine ganze Menge nach gekauft und wäre froh für etwas Bewegung.

[Rattlesnake]

stichtag für die q2-zahlen ist der 15. august. das dauert noch ein wenig. geniess so lange das schöne wetter LOL

Rattlesnake

[Alboreit]

..bin mal gespannt, ob Sie die 70 Mio knacken, Sie sollten im Jahresumsatz bei 300 Mio landen.

[Gunsi]

Ich denke die Zahlen werden nicht besser ausfallen. Im gegenteil. Im letzten Quartal dürfte der Umsatz nicht größer sein. Und bis alle Reorganisationen stattgefunden haben um das Ebit zu verbessern müssen wir wohl noch zwei Quartale warten.


Gu

[Alboreit]

dachte eigentlich schon das der Umsatz von Quartal zu Quartal steigen wird, da anscheinend die bestehenden Beteiligungen durch Neueröffnungen wachsen. Für die ersten Lorbeeren beim Gewinn bzw. Gewinnmarge müßen wir dsicherlich noch etwas warten.

[Rattlesnake]

die klage gegen john furutani, den anwalt von hartcourt, wegen insiderhandels wurde bereits am 11. juni abgewiesen.

Rattlesnake

Lourdes G. Baird, presiding
Date filed: 03/16/2004
Date terminated: 06/11/2004 Date of last filing: 06/11/2004

Case Summary
Office: Western Division - Los Angeles Filed: 03/16/2004
Jury Demand: None Demand:
Nature of Suit: 850 Cause: 15:0078m(a) Securities Exchange Act
Jurisdiction: U.S. Government Plaintiff Disposition: Dismissed - Other
County: Los Angeles Terminated: 06/11/2004
Origin: 1 Reopened:
Lead Case: None
Related Case: None Other Court Case: None
Flags: (PLAx), CLOSED, DISCOVERY, MANADR, RELATED-G

Petitioner Securities and Exchange Commission represented by Nicholas S Chung Phone: [phone]
Email: [e-mail]

Respondent John A Furutani represented by Mark C Peters Phone: [phone]
Email: [e-mail]

[Newbie13]

Hallo an alle,

kann sich jemand mal die SEC-filings von gestern und heute anschauen und erläutern, was da drin steht. Und wieviel hat das mit der aktuellen Kursentwicklung an der OTC heute zu tun?

Thanks

[silberesel]

Moin!

Die sec-filings besagen, dass hrct die ftl shares bekommen hat. Insgesamt 15.100.000 Stück, die nun als die versprochene Dividende ausgeschüttet werden. Allerdings sind 500.000.000 shares verfügbar (authorised), es ist also bei Kapitalbedarf mit einer schnellen Verwässerung/dilution zu rechnen. Bezogen auf die autorisierten Aktien wurden bis jetzt 3,3% der Aktien ausgegeben! Für mich heißt das, die Aktien sind nicht viel mehr wert bzw. werden nicht viel mehr wert sein als 1 cent!Dafür kosten die Dinger ja nichts - also sollte diese Meldung keinen Einfluss auf den Kurs haben!

[new_investor]

Alan Phan ist endgültig draussen.

Hartcourt`s Founder Converted His Original Preferred Shares

LOS ANGELES, CA, Jul. 14, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, announced that Dr. Alan Phan, its founder, has converted his 1,000 Original Preferred Shares into 2 million common shares of Hartcourt. The Original Preferred Shares entitled the holder to appoint three-fifth of the members of the Board of Directors. As of today, the Original Preferred Shares have been returned for cancellation.

About Hartcourt

The Hartcourt Companies, Inc. is building a sizable distribution channel for IT products in China. Hartcourts reported $68 million revenue in the profitable first quarter of 2004. Hartcourt`s achievements and operations could be found on its Web site, www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms. Tingting Ni
Tel: [phone]
Fax: [phone]
Email: [e-mail]

SOURCE: Hartcourt Companies, Inc.

[new_investor]

14 July 2004



Dear Friends:



First of all, I would like to thank those friends who have sent me mails or inquiries. I am grateful that our friendship has withstood the test of time and events. I am pleased to let you know that I am quite busy working on my book (a research on Chinese business practices) and my charity projects (building water systems and schools in remote villages of Indonesia, Bangladesh and Vietnam). The last 2 years were the happiest of my life: I didn’t know non-profit could be that fun (please don’t compare to Hartcourt). Overall, I am healthy, peaceful, blessed and productive. Life keeps getting better.



As you know, I have returned my Super-voting Preferred Shares back to Hartcourt. Now I am just an ordinary outside shareholder with less than 3.5 million shares in the company (besides the 2 million shares received soon). I had kept this veto power to ensure Hartcourt would always move forward to the original vision I had for the company. I gave it up now because I believe that we finally have the most capable and committed management team who will perform satisfactorily on every prospect: from external growth to internal governance. Hartcourt’s financial strength is better than ever. The right leverage would do wonder for the stock.



In return for these shares, I will obtain 2 million restricted shares of Hartcourt. Being a peasant, I don’t need this extra money. Therefore, I have decided to give these 2 million shares to the 50 most loyal shareholders of Hartcourt. These are people who have stood by the company, in good times and bad times, keeping the faith and the shareholding. Over the years, they are the best soldiers of an army that doesn’t know how to quit. I would like to ask you to nominate the person(s) who deserves this label. Of course, you could nominate yourself. I would also appreciate if you could advise me on the selection criteria, too. Since everything I do relating to Hartcourt is transparent, I will inform you of my final choices, hopefully before 8/15/04.



I made quite a few mistakes in managing Hartcourt. I was overconfident in many projections. I made too many unnecessary enemies. The timing of many ventures was terribly wrong. As a result, I paid a heavy price for these stupidities with my health, my wealth and worst of all, my credibility. I accepted them and I have asked many times for forgiveness. However, there are 2 things that I am always proud of on my Hartcourt experience: first, I was an honest CEO who did not abuse or profit from your trust and confidence; and second, my vision of Hartcourt’s ultimate success will be coming, no matter how much delayed.



My faith on Hartcourt and on your friendship has never wavered. Our dream will come true because life is a self-fulfilling prophecy. You do believe that good guys don’t quit and they always win in the end, don’t you?



Best



Alan



P.S. Since my address book is limited to those who sent me Emails recently, I might miss a few dear friends of Hartcourt. Please feel free to forward this letter to them.

[new_investor]

Nicht schlecht!

Last: 0.250
Close: 0.250
High: 0.250
Low: 0.186
Open: 0.187
Change: +0.05
Volume: 342,000


Bid: 0.240
Ask: 0.250
Bid/Ask Size: 5,000 / 5,000


52 Wk High: 0.920
52 Wk Low: 0.186
%Change: 25.0%

Market Cap: 43.61M



Schau mer mal

[MaxAG]

Hi,

ich hab schon irgendwann hier mal geschrieben,
das Hartcourt entweder eine richtig gute Performance
schaffen könnte, oder ein Totalverlust.

Hartcourt würde sich aber auch als tolle Aktien für
Zocker anbieten. Geringe Umsätze, die Story kann man
gut weiterverklickern. Ein paar Empfehlungen mit
astronomischen Kurszielen und schon steht die Aktie
sehr schnell bei 1,50 Dollar

Mal abwarten. Ich bin zwar investiert.
Momentan aber neutral eingestellt

MfG
max

[Rattlesnake]

die PR von gestern gibt es auch schon in deutsch:

http://www.hartcourt.com/de/germanpdf/July%2014%202004%20PR%…

Rattlesnake

[Rob2303]

die firma ist 30 mio wert und hat 7 mio. cash

der kurs kann wie ariba zur zeit beweist, noch locker
bis zum barbestand abrauchen. sie stehen hartcourt
im vergleich des kursverlaufs in nichts nach.

bis 0,05 euro sollten die letzten reserven trocken gehalten
werden.

china ist gross und die konkurrenz noch grösser.
wenn sich hartcourt etabliert, ist jedes geschriebene
wort überflüssig. es gilt dann die goldenen börsenregel einzuhalten und geduld zu haben und die dummbasher und
dummpusher ihre arbeit verrichten zu lassen. irgendwann
zahlen die börsen auch wieder die zukunft.

bin schon wieder weg.

viele erfolg
rob

[Rattlesnake]

sorry, aber die firma ist im moment ca 43 mio US$ wert. beim abrauchen der MK auf einen wert von 7 mio US$ hätten wir einen kurs von ca 4 cent. entschuldige, aber das ist schwachsinn!!!

Rattlesnake

[Rob2303]

das ist kein schwachsinn sondern der worst case.
eine rechnung über den daumen, nichts anderes.

+ 160 mio. aktien mal 0,20 euro

spielen hier 2-3 millionen ein rolle.

hartcourt was seit je her eine spekulation für
harte, eben hardcore

[Rattlesnake]

du gibst also die MK in € an und die cashbestände in us$. hoffentlich wird dann der kurs nicht in zloty angegeben. das wäre echt hardcore...

Rattlesnake

[Rattlesnake]

noch mal alan phan:

Hi:

Thank you so much for your Email, the suggestion and the nomination. I am overwhelmed at the response rate and truly grateful for the expressed friendship. Please forgive me if I cannot reply individually at this moment. On the selection criteria, I am compiling all proposals received and trying to extract the fairest standards. On any particular nominee, I think we need “proof” of the shareholding pattern. It can be a copy of the share certificates, yearly statements from brokerage firms or anything the nominee could come up with. The nominee must also agree to let me publicize his or her name as I have promised to keep the process transparent.

Since I have not finalized the selection criteria, I can’t answer specific question related to this issue. However, I am sure that constructive criticism is not ground for disqualification. I am more self-critical than most. Oh, nagging is another matter.

By the way, I did not say that I would give 40,000 shares each to 50 loyal shareholders. I will give all 2 million shares to 50 holders, but the number to each person might be varied depending on the selection criteria.

On the “why” question, I think it may be because I am a little selfish. You see, if I could have only 25 “true” friends from this group, I would consider myself richer than Bill Gates. Helen Keller said it for me,” My friends have made the story of my life. In a thousand ways, they have turned my limitations into beautiful privileges, and enabled me to walk serene and happy in the shadow cast by my deprivation.”

God bless us all.
Alan

[Rattlesnake]

THE HARTCOURT COMPANIES, INC.
911 E. Colorado Blvd, 3rd Floor, Pasadena,
California 91106
Tel: [phone]
Fax: [phone]


NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held on Friday, September 17th, 2004 at 10:00 AM


Dear Shareholder:

You are invited to attend the Annual Meeting of the Shareholders of The Hartcourt Companies, Inc. (the "Company"), which will be held on Friday, September 17th, 2004, at 10:00 AM local time at Luxor Las Vegas, 3900 Las Vegas Boulevard South, Las Vegas, NV 89119 for the following purposes:

1. To elect the members of Board of Directors for 2004 - 2005 term.

2. To ratify the appointment of Loral International, as the Company`s independent public accountants for the fiscal year ending December 31, 2004.

3. To transact such other business as may properly come before the meeting.

Shareholders of record at the close of business on July 26, 2004 are entitled to notice of, and to vote at, this meeting and any adjournment thereof.




By order of the Board of Directors,



Chairman
Pasadena, California
July 26, 2004


THE HARTCOURT COMPANIES, INC.
911 E. Colorado Blvd, 3rd Floor, Pasadena,
CA 91106



PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS

The accompanying proxy is solicited by the Board of Directors of The Hartcourt Companies, Inc., a Utah corporation (the "Company"), for use at the Annual Meeting of Shareholders to be held on Friday, Sept 17, 2004 at 10:00 AM local time, or any adjournment thereof, for the purposes set forth in the accompanying Notice of Annual Meeting. This meeting will be held at Luxor Las Vegas, 3900 Las Vegas Boulevard South, Las Vegas, NV 89119. The date of this Proxy Statement is July 26, 2004, the approximate date on which this Proxy Statement and the accompanying form of proxy were first sent or given to shareholders.

GENERAL

Annual Report.

An annual report, filed on form 10K-SB, for the fiscal year ended December 31, 2003, is enclosed with this Proxy Statement.

Voting Securities.

Only shareholders of record as of the close of business on July 26, 2004 will be entitled to vote at the meeting and any adjournment thereof. As of July 23, 2004, there were 179,177,748 shares of Common Stock of the Company, issued and outstanding. Shareholders may vote in person or in proxy. Each holder of shares of Common Stock is entitled to one (1) vote for each share of stock held on the proposals presented in this Proxy Statement. The Company`s bylaws provide that a majority of all the shares of the stock entitled to vote, whether present in person or represented by proxy, shall constitute a quorum for the transaction of business at the meeting. The nominees for director receiving a majority of votes cast at the meeting will be elected.

Solicitation of proxies

The cost of soliciting proxies will be borne by the Company. The Company will solicit shareholders by mail through its regular employees, and will request banks and brokers, and other custodians, nominees and fiduciaries, to solicit their customers who have stock of the Company registered in the names of such persons and will reimburse them for their reasonable, out-of-pocket costs. In addition, the Company may use the services of its officers, directors, and others to solicit proxies, personally or by telephone, without additional compensation.

Voting of Proxies

All valid proxies received prior to the meeting will be voted. All shares represented by a proxy will be voted, and where a shareholder specifies by means of the proxy a choice with respect to any matter to be acted upon, the shares will be voted in accordance with the specification so made. If no choice is indicated on the proxy, the shares will be voted in favor of the proposal. A shareholder giving a proxy has the power to revoke his or her proxy, at any time prior to the time it is voted, by delivery to the Secretary of the Company of a written instrument revoking the proxy or a duly executed proxy with a later date, or by attending the meeting and voting in person.

In the event that cumulative voting is invoked, a proxy authorizing a vote for management`s nominees for directors may be voted cumulatively for less than all of such nominees. If no instructions are given on the executed proxy, the proxy will be voted in favor of the proposals described, but votes may be cumulated for less than all of the nominees for director.

Revocability of Proxies

Any person giving a proxy in response to this solicitation has the power to revoke it at any time before it is voted. Proxies may be revoked by any of the following actions:

1. Filing a written notice of revocation with our Secretary at our principal executive office located at 911 E. Colorado Blvd, 3rd Floor, Pasadena, California 91106;

2. Filing with our Secretary at our principal executive office located at 911 E. Colorado Blvd, 3rd Floor, Pasadena, California 91106 a properly executed proxy showing a later date; or

3. Attending the meeting and voting in person (attendance at the meeting will not, by itself, revoke a proxy).

Shareholder Proposals

Proposals of shareholders who intend to be presented at the next Annual Shareholder`s Meeting must be received by the Company, at its offices at, 911 E. Colorado Blvd, 3rd Floor, Pasadena, California 91106 not later than Aug 26, 2004. Proposals of shareholders must satisfy the conditions established by the Securities and Exchange Commission for shareholder proposals to be included in the Company`s proxy statement for that meeting. Shareholders are also advised to review Hartcourt`s Bylaws, which contain additional requirements with respect to advance notice of shareholder proposals and director nominations.



PROPOSAL NO. 1

ELECTION OF DIRECTORS

The Company`s Board of Directors currently consists of five (5) elected or appointed directors. The nominees for election are Mr. Victor Wang, Mr. Geoffrey Wei, Dr. Billy Y N Wang, Ms. Carrie Hartwick and Dr. Wilson Wan Shou Li. If elected, each nominee will serve as a director until the Company`s Annual Meeting of Shareholders in 2005, and until his successor is elected and qualified. If the nominee declines to serve or becomes unavailable for any reason, or if a vacancy occurs before the election (although Management knows of no reason to anticipate that this will occur), the proxies may be voted for a substitute nominee as the Board of Directors may designate.

If a quorum is present and voting, the nominees for directors receiving the highest number of votes will be elected. Abstentions and broker non-votes will have no effect on the votes

Director Name Age Position Since

Billy Y N Wang 40 Director 2002

Geoffrey Wei 37 Director 2002

Victor Wang 42 Director 2004

Carrie Hartwick 43 Director 2004

Wilson W. S. Li 42 Director 2004


Dr. Billy Y N Wang is currently President of NCH Corp China, a multi-national chemical company with subsidiaries in over 10 cities in China and more than 70 countries. From 1994 to 1997, Mr. Wang was the President of Xibic Enterprises Ltd and Senior Consultant at WCE specializing in international business development and technology transfer. From 1991 to 1997, Mr. Wang served as the Advisor for Office of International Trade of Washington DC. Mr. Wang obtained his Masters and Doctorate degrees in Chemical Engineering from University of Virginia in 1990, and Bachelors degree from University of Massachusetts in 1986.

Mr. Geoffrey Wei is an independent financial consultant as well as CFO for GW Technologies Co. In 2001, he was the interim CFO, Vice President and Chief Accountant for Netease.com Inc (NasdaqNM: NTES). Mr Wei had worked as Manager in audit, tax and business advisory at Price Waterhouse Coopers and KPMG for over 8 years. He received his Bachelor of Arts degree from Beijing Polytechnic University and Chartered Accountant in Vancouver, Canada.

Mr. Wang is a partner at AllBright Law Office principally specializing in foreign direct investments and indirect investments in China. He was previously an associate with a major US law firm - Kaye Scholer, LLP. Mr. Wang has over 15 years of experiences in various legal matters involved in deal execution, acquisitions, investments, intellectual property rights protection, China-focused venture capital funds raising, IPO, secondary offerings and private placements. Mr. Wang received his L.L.B. from Fudan University, L.L.M. from the University of Iowa Law School and J.D. from the Notre Dame University Law School.

Ms. Hartwick joined in Hartcourt in 2003. She brings to Hartcourt over 17 years of operating experiences in finance, tax, audit, legal, business operations, and information systems, of which 9 years are spent in the US and 8 years in China. She previously served as Finance Director of Dell China, managing US$1.3bil turnover in the fastest growing market for Dell. Prior to Dell, she served as the Finance Director of Gillette China, and held various positions within Johnson & Johnson including Finance Controller for Johnson & Johnson Shanghai. Ms. Hartwick holds Bachelor of Accounting degree from Rutgers University.

Dr. Wilson W. S. Li is currently the Vice President and Founder of Shenzhen Capital Group Co., Ltd, the largest Chinese State-Own Venture Capital company. From 1986 to 1998, he served in Comprehensive Division, Shenzhen Planning Bureau. Dr. Li has extensive experience in research on comprehensive planning in economic and social development, funds management, risk control, investment & international business. Dr. Li received his Master degree in Social Science from Zhongshan University, PhD in Management Science & Engineering from Xian Jiaotong University and PhD in Public Administration & Government Policy from Chinese Academy of Social Science.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS
A VOTE IN FAVOR OF EACH NAMED NOMINEE


MANAGEMENT INFORMATION

The Board of Directors and its Committees

During the year ended December 31, 2003, the Board held eight (8) meetings.

Compensation Committee
The Compensation Committee`s function is to determine the appropriate policy for the company`s executive pay and benefit programs, review the performance of the senior executive officers and discharge the Board`s responsibilities relating to compensation of the Company`s executives and produce a report on executive compensation for inclusion in the company`s annual report in accordance with applicable rules and regulations. Dr Billy Wang and Mr. Geoffrey Wei comprise the membership of this committee.

Nomination Committee
The Nomination Committee`s function is to assist the Board of Directors in fulfilling its responsibilities to shareholders to ensure that at all times the composition, structure and operation of the Board is of the highest standard. Ms. Carrie Hartwick and Dr Billy Wang comprise the membership of this committee.

Options Committee

The Options Committee`s function is to review, make recommendations, maintain and implement those option grants of options promulgated by it and approved by the Board of Directors. Dr Billy Wang and Mr. Geoffrey Wei comprise the membership of this committee.

Audit Committee

The Audit Committee`s function is to review with the Company`s independent public accountants and management the annual financial statements and independent public accountants` opinion. Its responsibilities include reviewing the scope and results of the examination of the Company`s financial statements by the independent public accountants, approving all professional services performed by the independent public accountants and all related fees paid in connection with such services and recommending the retention of the independent public accountants to the board, subject to ratification by the shareholders. Additionally, the Committee periodically reviews the Company`s accounting policies, internal accounting and financial controls. The members of the Audit Committee are Messrs. Geoffrey Wei and Billy Wang. During the year ended December 31, 2003, the Audit Committee held four meetings to ratify the appointment of Company`s independent accountants.

Certain Transactions

There are no extraordinary transactions required to be reported herein.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires the Company`s executive officers, directors and persons who beneficially own more than 5% of the Company`s Common Stock to file initial reports of ownership and reports of changes in ownership with the Securities and Exchange Commission ("SEC"). Such persons are required by SEC regulations to furnish the Company with copies of all Section 16(a) forms filed by such persons.

Based solely on the Company`s review of such forms furnished to the Company and written representation from certain reporting persons, the Company believes that all filing requirements applicable to the Company`s executive officers, directors and more than 5% shareholders were in compliance.

Security Ownership of Certain Beneficial Owners and Management

The following table sets forth information as of December 31, 2003 with respect to persons known to Hartcourt to be the beneficial owners of more than 5% of its voting securities and with respect to the beneficial ownership of such securities by each director of Hartcourt and by all directors and executive officers of Hartcourt as a group.

Title of Class Name & Address of
Beneficial Owner Amount and Nature of Beneficial Ownership (1) Percent
Common All Officers and Directors as a group 1,418,587
0.818%

Except as otherwise indicated, each of the parties listed has sole voting and investment power with respect to all shares of common stock indicated. Beneficial ownership is calculated in accordance with Rule 13-d-3(d) under the Securities Exchange Act of 1934, as amended.

EXECUTIVE COMPENSATION AND OTHER MATTERS

Summary Compensation Table

The following summary compensation table sets forth certain information regarding compensation, required to be paid pursuant to an employment agreement during each of the three years ended December 31, 2003, 2002, 2001 and 2000 to the person serving as Hartcourt`s Chief Executive Officer:

Name and Principal Position Fiscal Year Annual Salary

Mr. David Y. Chen, Chief Executive Officer 2003 $150,000

Mr. David Y. Chen, Chief Executive Officer 2002 $120,000

Dr. Wallace Ching, Chief Executive Officer 2001 $150,000

Dr. Alan V. Phan, Chief Executive Officer 2000 $1



On May 7, 2003, Hartcourt entered into an employment agreement with David Y. Chen, Chief Executive Officer, regarding the terms of his employment. This agreement has a one-year term starting from June 1, 2003 to May 31, 2004. The agreement provides an annual salary of $150,000 plus issuance of an option to purchase 3 million shares of Hartcourt common stock at a price of 48 cents a share applicable for a 12 months period from the date of issuance if he completes one-year employment term on a satisfactory valuation by the Board of Directors. Fifty percent (50%) of Mr. Chen`s annual salary is payable in cash and the balance is payable in shares of Hartcourt common stock. The conversion price is the average 20-day trading price prior to the first of each month for the salary owed that month. This agreement was terminated by mutual agreement on May 31, 2004.

On June 1, 2002, Hartcourt entered into an employment agreement with David Y. Chen, Chief Executive Officer, regarding the terms of his employment. This agreement has a one-year term ending May 31, 2003. The agreement provides for an annual salary of $120,000 plus an option to purchase 2 million shares of Hartcourt common stock at a price of 10 cents a share being applicable for a 12 months period from the date of issuance. Fifty percent (50%) of Mr. Chen`s annual salary is payable in cash and the balance is payable in shares of common stock of Hartcourt. The conversion price is the average 20-day market price on the first day of each month for the salary owed that month. During the year 2002, Mr. David Chen received 450,000 shares valued at $31,500 and $10,000 in cash for his compensation. This agreement was replaced by the 2003 agreement.

On September 10, 2001, Hartcourt entered into consulting agreement with Dr. Alan Phan, regarding the terms of his consulting service. This agreement has three-year term starting on January 1, 2002 and ending on December 31 2004. This agreement provides cash compensation of $1 for each year of services and plus an option to purchase 3 million common shares of the Company at the closing price of the first day of each year. This agreement was terminated early by mutual agreement on December 31, 2003.

On December 1, 2003, Hartcourt entered into an employment agreement with Carrie Hartwick, Chief Financial Officer, regarding the terms of her employment. This agreement has a one-year term starting from December 1, 2003 to November 30, 2004. The agreement provides fro an annual salary of $100,000 plus issuance of an option to purchase 1 million shares of Hartcourt common stock at a price of 65 cents a share applicable for a 12 months period from the date of issuance if she completes one-year assignment term on a satisfactory valuation by the Board of Directors. Fifty percent of Ms. Hartwick`s annual salary is payable in cash and the balance is payable in shares of Hartcourt common stock. The conversion price is the average 20-day trading price prior to the first of each month for the salary owed that month.

Stock Option Plan

In April 1995, the Company adopted a stock option plan (the Plan) to attract and retain qualified persons for positions of substantial responsibility as officers, directors, consultants, legal counsel, and other positions of significance to the Company. The Plan provides for the issuance of both Incentive Stock Options and Non-Qualified Stock Options. The Plan, which is administered by the Board of Directors, provides for the issuance of a maximum of 2,000,000 options to purchase shares of common stock at the market price thereof on the date of grant. Such options are generally exercisable over a 10 year period from the date of grant. Each option lapses 90 days after the optionee has terminated his continuous activity with the Company, except that if his continuous activity with the Company terminates by reason of his death, such option of the deceased optionee may be exercised within one year after the death of such optionee. Options granted under the Plan are restricted as to sale or transfer. All options were granted at not less than fair value at the date of grant and have terms of 10 years. In order to attract employees and consultants to render high-quality services under this stagnate stock market, the Board decided to remove the limitation on the number of shares of the option.

The following table summarizes the activity in the plan:

Weighted
Number of Average
Shares Exercise
Price


Shares under option at December 31, 2000 470,000 $ 1.86
Granted - -
Exercised - -
Canceled (150,000) (3.05)

Shares under option at December 31, 2001 320,000 $ 1.30
Granted 5,000,000 0.27
Exercised - -
Canceled - -

Shares under option at December 31, 2002 5,320,000 $ 0.33
Granted 8,000,000 0.29
Exercised 1,000,000
Expired 20,000
Cancelled 1,000,000
Shares under option at December 31, 2003 11,300,000 0.34

All stock options issued to employees have an exercise price not less than the fair market value of the Company`s common stock on the date of grant, and in accordance with the accounting for such options utilizing the intrinsic value method there is no related compensation expense recorded in the Company`s financial statements. Had compensation cost for stock-based compensation been determined based on the fair value at the grant dates in accordance with the method delineated in Statement of Accounting standards No. 123, the Company`s net loss and loss per share for the year ended December 31, 2003 and 2002, would not have been changed.

Additional information relating to stock options outstanding and exercisable at December 31, 2003 summarized by exercise price is as follows:

Outstanding Exercisable
Exercise Price Weighted Average Weighted Average
Per Share Shares Life (Years) Exercise Price Shares Exercise Price

$0.06 to $1.00 11,300,000 0.5 to 4.5 $0.34 11,300,000 $0.34


In connection with providing consulting services, on July 21, 2000, Hartcourt granted to a consultant options to purchase 20,000 shares of Hartcourt stock at a price of $5.75 per share. The options expire on July 20, 2003. The options were issued at the fair market value on the date of issuance using the Black-Scholes option-pricing model as required by SFAS 123. The value of options was not material.

In connection with providing consulting services, on January 1, 2002, Hartcourt granted to Alan Phan, options to purchase 3,000,000 shares of Hartcourt stock at a price of $0.38 per share. The options expired on December 31, 2004. The options were issued at the fair market value on the date of issuance and, therefore, no expense was recorded.

To attract and stimulate qualified persons as substantial responsibility of officers, on June 1, 2002, Hartcourt granted to Mr. David Chen, Acting Chief Executive Officer, options to purchase 2,000,000 shares of Hartcourt stock at a price of $0.10 per share. The options expired on May 31, 2003. The options were issued over the fair market value on the date of issuance and, therefore, no expense was recorded.

Employment contract with Mr. David Chen, Chairman & CEO, was renewed and on June 1, 2003, options to purchase 3,000,000 shares of Hartcourt stock at a price of $0.48 per share was granted. On December 1, 2003 Hartcourt granted to Ms. Carrie Hartwick, CFO, options to purchase 1,000,000 shares of Hartcourt stock at a price of $0.65 per share. The options were issued at the fair market value on the date of issuance therefore, no expenses was recorded.

In connection with providing consulting services, on January 1, 2003, Hartcourt granted to Alan Phan, options to purchase 3,000,000 shares of Hartcourt stock at a price of $0.06 per share. The options expired on December 31, 2005. The options were issued at the fair value on the date of issuance as required by SFAS #123. The value of the options was not material.

Employment and Change of Control Arrangements

Dr. Phan has served as Chairman, pursuant to the terms of an employment agreement entered into in 1997 which expired on December 31, 2001 and not renewed. Under the terms of the agreement, Dr. Phan received an annual salary of not less than $200,000 and any bonus that was determined by the Board of Directors. In May 1998, the Board of Directors granted Dr. Phan 500,000 stock options for extraordinary services provided during 1997 on behalf of the Company. The value of the underlying common stock on the date of grant was $1.625. The stock options are exercisable over ten (10) years.

In the event the Company enters into an agreement which significantly changes the ownership, or an agreement to dispose of the majority of the Company`s assets or stock of the company, options outstanding under the plan will vest in full and become exercisable as of the date of such agreement. Any outstanding options, which are not exercised or assumed, will terminate as of the date of such disposition.

Compensation of Directors

Each Director currently serving now on the Board will receive $7,000 each year and $500 for each meeting worth of the Company`s Restricted Common Stock at the closing market price of the common shares valued on first day of the calendar quarter.


PROPOSAL 2

APPOINTMENT OF INDEPENDENT ACCOUNTANTS

The Board of Directors of the Company has selected Loral International, as our independent accountants for the fiscal year ended December 31, 2004. The Board of Directors is submitting its selection of independent auditors for ratification by the shareholders at the Annual Meeting. A representative of Loral International may be present at the Annual Meeting with the opportunity to make a statement if the representative desires to do so, and will be available to respond to appropriate questions.

The affirmative vote of a majority of votes cast at the Annual Meeting of Shareholders, at which a quorum representing a majority of all outstanding shares of Common Stock of the Company is present and voting, either in person or by proxy, is required for approval of this proposal. Neither abstentions nor broker non-votes shall have any effect on the outcome of this vote.

THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 2.



TRANSACTION OF OTHER BUSINESS

At the date of this Proxy Statement, the only business, which the Board of Directors intends to present or knows that others will present, is as set forth above. If any other matters are properly brought before the meeting or any adjournment thereof, it is the intention of the persons named in the accompanying form of proxy to vote the proxy on such matters in accordance with their best judgment.


By Order of the Board of Directors



/s/
July 26, 2004 Chairman
Proxy Card
THE HARTCOURT COMPANIES, INC.
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON FRIDAY, SEPTEMBER 17, 2004 AT 10:00 AM AT LUXOR LAS VEGAS, 3900 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS, NV 89119.

The undersigned hereby appoints Dr. Billy Wang and Carrie Hartwick, and each of them, as proxies for the undersigned, each with full Power of Substitution, to represent the undersigned and to vote all shares of Common Stock of The Hartcourt Companies, Inc. (the "Company") that the undersigned is entitled to vote in the manner indicated on the reverse side hereof, and with discretionary authority as to any matters that may properly come before the Company`s Annual Meeting of Shareholders to be held on September 17, 2004, and at any and all adjournments thereof, as set forth under the heading "Transaction of Other Business" in the accompanying proxy statement. If no other indication is made, at the meeting and at any and all adjournments thereof, the proxy holders will vote for (i) the election of director nominees, and (ii) the ratification of the appointment of the independent auditors.

IF YOU PLAN TO ATTEND THE MEETING AND YOUR SHARES ARE HELD IN THE NAME OF A BROKER OR OTHER NOMINEE, PLEASE BRING A STATEMENT OR LETTER FROM THE BROKER OR NOMINEE CONFIRMING YOUR OWNERSHIP OF SHARES. PLEASE MARK YOUR VOTE LIKE THIS. X

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSAL 1.

1. ELECTION OF FIVE DIRECTORS.
01 CARRIE HARTWICK 02 GEOFFREY WEI 03 BILLY Y N WANG 04 WILSON LI 05 VICTOR WANG

 For all the nominees  Withhold Authority to Vote for All Nominees

TO WITHHOLD AUTHORITY FOR ANY NOMINEE, CHECK THE "FOR" ALL NOMINEES BOX ABOVE AND WRITE THAT NOMINEE`S NAME ON LINE BELOW:


THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSAL 2.

2. RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.
 FOR  AGAINST  ABSTAIN



I PLAN TO ATTEND HARTCOURT`S 2004 ANNUAL MEETING OF SHAREHOLDERS. 

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS AND WILL BE VOTED AS DIRECTED THEREIN. IF NO DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED FOR PROPOSALS 1 AND 2.

Dated:_____________________________, 2004


________________________________________ Signature

________________________________________ Signature

THIS PROXY SHOULD BE SIGNED EXACTLY AS NAME APPEARS HEREON. EXECUTORS, ADMINISTRATORS, TRUSTEES AND SO FORTH, SHOULD GIVE FULL TITLE AS SUCH. IF THE SIGNATORY IS A CORPORATION, PLEASE SIGN FULL CORPORATE NAME BY A DULY AUTHORIZED OFFICIAL. IF A PARTNERSHIP, PLEASE SIGN IN PARTNERSHIP NAME BY AN AUTHORIZED PARTY. IF SHARES ARE HELD IN MULTIPLE NAMES, AT LEAST ONE MUST SIGN AS AN AUTHORIZED PARTY.

[Rattlesnake]

http://www.hartcourt.com/de/germanpdf/Aug%204%20PR%20-busin…

Hartcourt strukturiert seine Geschaeftsbereiche um.

4. August 2004
Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com, Chinas IT-Produktvermarkter und Serviceprovider gab heute eine Neustrukturierung seines Geschaeftes in einen Privatkunden- und einen Geschaeftskundenbereich bekannt. Wir glauben, dass die Teilung die Wettbewerbsfaehigkeit von Hartcourt steigern wird und eine Konzentration auf die Erfuellung der Anforderungen unserer Kunden ermoeglicht.

Der Privatkundenbereich wird vor allem aus den zusammengelegten Operationen von Guowei und Huaqing bestehen, welche Hartcourt im April bzw. Februar 2003 uebernommen hat. Dieser neue Bereich wird als Plattform fuer die Ausdehnung unseres erfolgreichen Einzelhandelskonzeptes auf die Industrie dienen und zu einer erheblichen Steigerung unserer Marktanteiles fuehren. Der Geschaeftskundenbereich wird vor allem aus den Firmen der Challenger Gruppe bestehen, die Hartcourt im Dezember 2003 gekauft hat. Dieser Bereich wird Produkte und Dienstleistungen fuer den wachsenden Bedarf der 6,6 Mio. kleinen und mittelstaendischen Unternehmen in China anbieten.

Im zweiten Quartal 2004 fuehrten die durch die Zusammenlegung der Einzelhandelsbereiche von Huaqing und Guowei erreichten Synergien zu einer erheblichen Steigerung des Umsatzes und Gewinnes vor Steuern. Im Ergebnis wird die Zusammenlegung der noch verbleibenden Bereiche beider Unternehmen bis zum Jahresende abgeschlossen sein. Gleichzeitig hat Huaqing seine bereits angekuendigte Uebernahme von Pengyang, einem Notebook-Haendler in Shanghai, neu bewertet. Im Ergebnis kommt Huaqing zu dem Schluss, die Uebernahme wegen der aufzubringenden Barmittel und wegen der geringer als erwartet ausfallenden Gewinnspanne nicht weiter verfolgen wird. Huaqing hat ausserdem seine Beteiligung an seiner Tochter Hangzhou an eine dritte Partei verkauft. Wir glauben nicht, dass dieser Verkauf die Ergebnisse von Huaqing beeinflussen wird.

Der neue Privatkundenbereich wird nicht die Beteiligungen Newhuasun und Wenzhou Zhongnan beinhalten. Nach vielen Verhandlungsrunden war es Hartcourt nicht moeglich, die zusaetzlichen Anteile an Newhuasun zu uebernehmen um die Beteiligung an Newhuasun in eine Mehrheitsbeteiligung umzuwandeln. Ausserdem benoetigt Newhuasun zusaetzliches Betriebskapital, dessen Zahlung sich aus Sicht von Hartcourt nicht lohnt, ohne die Mehrheit an Newhuasun zu besitzen. Im Ergebnis sucht Hartcourt nun nach einem geeigneten Kaeufer fuer seinen Anteil an Newhuasun. Zeitgleich hat Hartcourt wegen der begrenzten Wachstumsaussichten in Wenzhou auch sein Investment in Wenzhou Zhongnan neu bewertet. Hartcourt hat mit den Minderheitsgesellschaftern von Wenzhou Zhongnan eine Vereinbarung ueber eine Aufhebung des urspruenglichen Beteiligungsvertrages und eine Rueckgabe und Entwertung der ausgegebenen Aktien treffen koennen.

Zusaetzlich zum organischen Wachstum von Challenger wird Hartcourt nach neuen Akquisitionen und strategischen Partnerschaften suchen, um neue Produkte und Dienstleistungen zielgerichtet an Chinas SME`s und den Regierungssektor verkaufen zu koennen. Diese Produkte und Dienstleistungen werden die Bereiche Hardware, Software, Anwendungsunterstuetzung, Internetinhalte und digitale Kommunikation umfassen. Die bereits angekuendigte Uebernahme von ServiceNet, einem HP-Dienstleistungsunternehmen, wird nicht abgeschlossen, um moegliche Konflikte zwischen den Beziehungen von ServiceNet zu HP und den Beziehungen von Challenger zu IBM zu vermeiden.

Wir glauben, dass wir durch die Neuaufteilung unserer Geschaeftsbereiche weitere Synergieeffekte zwischen unseren Operationen erschliessen und damit unsere Ergebnisse in allen Bereichen verbessern koennen. Wir glauben, dass die Segmentierungsstrategie Hartcourt ermoeglichen wird, in lukrativere Geschaeftsbereiche mit einer Vielzahl an Produkten und Dienstleistungen fuer die wachsenden Beduerfnisse von Chinas kleinen und mittelstaendischen Unternehmen und den IT-Markt vorzustossen


Ueber Hartcourt

Hartcourts Erfolge und Operationen sind unter www.hartcourt.com abrufbar.

[Rattlesnake]

Hartcourts starkes Wachstum im Einzelhandelsbereich fuehrt zu Umsatzrekord im zweiten Quartal

16. August 2004
Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com, Chinas IT-Produktvermarkter und Serviceprovider gab heute seine Ergebnisse fuer das zweite Quartal 2004 bekannt.

Hartcourt uebertraf dabei seine eigenen Wachstumserwartungen im Einzelhandelsbereich und erreichte einen Rekordumsatz im zweiten Quartal 2004. Der Gesamtumsatz lag bei 70,7 Mio. US$ und damit 151% ueber dem Umsatz des gleichen Quartals 2003. Waehrend ein grosser Teil des Umsatzwachstums durch die Akquisitionen beigesteuert wurde, die nach dem zweiten Quartal 2003 getaetigt wurden, lag das organische Wachstum im Einzelhandelsbereich bei 47% gegenueber dem zweiten Quartal 2003 und die operative Gewinnmarge stieg um 82%.

Hartcourts Profitabilitaet konnte sowohl absolut als auch prozentual am Umsatz gemessen stark verbessert werden. Der operative Gewinn lag bei 922.000 US$ und damit 225% ueber dem zweiten Quartal 2003. Der Nettogewinn lag trotz hoeherer Steuern bei 55.000 US$

Die Cashposition betraegt 6,6 Mio. US$ und ist damit gegenueber dem letzten Jahr um 9% gewachsen. Der Liquiditaetskoeffizient liegt bei 1,44. Die Vermoegenswerte betragen 66,2 Mio. US$ und die Verbindlichkeiten 33,3 Mio. US$ verglichen mit 34 Mio. US$ bzw. 19,2 Mio. US$ im letzten Jahr.

Einzelheiten zu unseren Ergebnissen koennen unserem 10Q-filing unter www.sec.gov entnommen werden.


Ueber Hartcourt

Hartcourts Erfolge und Operationen sind unter www.hartcourt.com abrufbar.


http://www.hartcourt.com/de/germanpdf/Aug%2016%202004%20Germ…

[Rattlesnake]

Shareholder Q&A
July 2004


Q: Institutional Investors, increased profit margins, major exchange and future expansion, all seem to be very important items in bringing HRCT into the mainstream and away from the problems of the OTC. Looking at the big picture, what kind of (very broad) time frame are we looking at to see some of these items accomplished by HRCT?

A: This is an excellent question. We can sort these 4 items in the order of basic to advanced, (1) improve the current profit margin; (2) lay a solid ground for future expansion; (3) move into a major exchange and, (4) attract institutional investors. In terms of timing, none of the four objectives are mutually exclusive, meaning one does not have to be achieved before starting the other.

(1) Improve the profit margin - there are two fronts we need to address. One is to improve the profit margins of the existing business. It can be achieved through continuously fine toning of the pricing strategy, improve the product mix and control the cost. The improvement is limited due to an industry average gross margin of 5%. Second, on a broader term, we will move into the higher value added products and services with gross margins in the 30% range. We can achieve this through acquisition as well as forge strategic alliance with key business partners. The management is actively seeking these opportunities. We expect the first batch of new products/services to be on board within the next 6 months.
(2) Lay a solid ground for future expansion. Three things must be achieved for the next phase of growth. The first is to ensure all the business units are strong financially, management wise and well positioned in the market place to compete effectively and win. Those weaker ones will be restructured out. We have carried out this step as announced in the August 4th press release. Second, we need to fully integrate the existing business units so that we can fully realize the synergy and create the organizational capability to execute our business strategy faster and more precise than any of our competitors. The merge of Guowei and Huaqin to form the Consumer Division as announced in the August 4th press release is the beginning of the second step. Third, we need to construct a comprehensive and balanced product portfolio to meet the needs of both consumers and enterprise customers in the SME space. We expect to make measurable progress in the next 6 months.
(3) Move to a major exchange. When we accomplish the above goals, we pretty much have earned our badge for the entry. In addition to the business achievements, we must also set higher standards on corporate governance and strengthening internal controls. The Chinese companies don`t have the kind of exposures and general awareness of the US security rules and regulations, so there is a lot of work ahead of the management to educate the employees in addition to implement the changes. At the corporate level, we are already operating at the US standard level, which is a significant improvement in a short period of time.
(4) Attract institutional investors. Institutional investors are sophisticated professionals. They evaluate a company by examining its substances, not the surfaces. As such, we must address the fundamental issues first, make the necessary changes in order to show the HRCT value to the institutional investors. The critical elements are industry attractiveness, specifically, the segment(s) where we participate; our growth potential, not just the acquisitions, but more importantly, the internal growth rate; our profitability and liquidity. As we are in the process of putting the fundamentals in place, we will regularly visit the targeted institutional investors to get our message out. A road show is planned in September and this is just the beginning of a comprehensive IR program.

Q: Did Hartcourt dispose 4 of its subsidiaries according to the August 4th press release?

A: No, that`s not a correct understanding. Hartcourt did not complete the acquisition of ServiceNet or Shanghai Pengyang, and we never issued any HRCT shares for the acquisition. As of today, we only disposed of one subsidiary, Wenzhou ZhongNan. The HRCT shares issued to Wenzhou ZhongNan will be returned to HRCT for cancellation. We plan to sell the equity of New Huasun subsidiary to a third party.

Q: With the 4 companies not in the Hartcourt portfolio anymore, will we see a significant revenue drop in the Q3 result? Wouldn`t that be a negative effect on the share price?

A: The Q3 revenue will be lower than the previous quarters when New Huasun and Wenzhou are no longer part of Hartcourt`s consolidation. However, the lower revenue as a result of disposal of certain business units should not be interpreted as a negative factor to the share price. The weak performers weight down the entire company`s performance and that`s a negative factor for the share price. We expect to see a higher profit rate and improved rate on return of investment going forward.

Q: I`m confused about the percentage of ownership going to Hartcourt shareholders concerning the SinoBull spin off. As I recall, 17% was stated earlier. Has that percent changed in some way? Or am I misleading your answer in the June Q&A?

A: Sinobull shareholders are comprised of Hartcourt and Sinobull management. After the merger of Sinobull and GTI, all Sinobull shareholders own 17% of the combined entity. We have recently separated our ownership with the Sinobull management, and as a result, Hartcourt owns 10.5% of First Information Technology (name of the combined entity).

Q: We can see that David Chen is not on the ballot for Chairman of HRCT. Can you tell us about his future plans, or will there be a PR coming to address this? Or will Hartcourt wait until the shareholders meeting to make this info available?

A: It is David`s personal decision not to seek re-election. We wish him great success in his future endeavor.

Q: Please provide information regarding HRCT`s current approximate percentage of revenue derived from commissions on wireless communications, including cellular voice and data activations, and the plans (if any) for growing opportunities in this market through both retail and enterprise channels.

A: HRCT currently does not participate in this segment. However, we continuously monitor opportunities in the IT industry, including the wireless segment.

Q: In the June Q&A you stated, "The ERP implementation schedule is on target." Is there a target date for completion that you can share with us?

A: This is a tiered implementation. Not all the subsidiaries begin the implementation at the same time, although they go through the same process. Each subsidiary has its own implementation timeline designed to suit their unique needs. As of today, all of them have started the implementation. We expect 2/3 of the business units will go live before the year end.

Q: What are the most profitable months for IT product sales? (in China for HRCT subs)

A: Profitability is largely influenced by the fast changing pricing strategies of the competitors as well as the new product coming to the market. The seasonality, which impacts revenue, is rather different for the consumer products than those of commercial products. In general, consumer products see a big sales surge in January, prior to the Chinese New Year holiday, and then in March. It is strong in May, due to the one-week national Labor Day holiday. August is a good month too, for the back-to-school sales, then again in October, another one-week national day holiday.

Commercial business in general, is slow in 1st quarter, when most of government related businesses are waiting for the approval of their annual capital spending budgets. Sales warms up in 2nd quarter, pick up pace in the 3rd and then hit the finish line in the 4th quarter in order to fully spend all of the approved budgets.


Forward-looking statements
The statements made in this Q&A, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this document pertains. The actual results of the specific items described in this document, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this document, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[new_investor]

Form 8-K for HARTCOURT COMPANIES INC


--------------------------------------------------------------------------------

9-Sep-2004

Change in Assets



Item 2.01 Completion of Acquisition or Disposition of Assets
On April 30, 2003, The Hartcourt Companies, Inc., a Utah Corporation (the "Registrant"), signed sale and purchase agreements ("S&P agreements") to acquire a 45% equity interest in Guangdong NewHuaSun Computer Co. Ltd. ("NewHuaSun"), for a total consideration of $3,304,597. In addition, the registrant obtained 10% equity voting rights through proxy statements from one of NewHuaSun`s shareholder.

On September 6, 2004, the Registrant, signed an agreement to sell 45% equity interest in NewHuaSun to ShenZhen Raiser Industrial and Development Co., Ltd., a Company registered in Shenzhen, the PRC. The disposal price is US$3,403,150. After the disposal, Hartcourt will not hold any equity interest in NewHuaSun. The 10% equity voting rights are returned to the original shareholder.



Schau mer mal

[kyron7htx]

[kyron7htx]

[oestareicha]

[oestareicha]

[new_investor]

SHANGHAI, CHINA - MARKET WIRE - 09/30/04
The Hartcourt Companies, Inc. (OTC BB: HRCT) (FRANKFURT: 900009), today announced that Billy Wang was elected Chairman of the Board of Hartcourt at a Board Meeting held on Sept 28th, 2004. Mr. Wang has served as a Director of Hartcourt since 2002. He is currently President of NCH Corporation China, a multinational chemical company with subsidiaries in over 10 cities in China and in over 70 countries around the world.

Carrie Hartwick, CEO of Hartcourt, said, "I am delighted that Billy Wang will serve as Chairman of the Board. Billy`s expertise and experience will be particularly valuable as we expand our business services offerings in China and focus on margin growth."

From 1994 to 1997, Mr. Wang was President of Xibic Enterprises Ltd. and Senior Consultant to WCE Inc., specializing in international business development and technology transfer. From 1991 to 1997, Mr. Wang served as Advisor for the Office of International Business in Washington, D.C.

Mr. Wang obtained his Masters Degree and Ph.D. in Chemical Engineering from the University of Virginia in 1990 and a Bachelors Degree from the University of Massachusetts in 1986.

About Hartcourt

The Hartcourt Companies, Inc. is an IT retailer, distributor and service provider in the People`s Republic of China (PRC). Hartcourt is headquartered in Shanghai. The business is comprised of two divisions: Commercial and Consumer. The Commercial Division services small- and medium-sized enterprises (SMEs), government agencies and a network of distributors with a wide range of IBM products including server, storage, notebook and desktop computer. As the Company moves deeper into the SME space, it plans to expand into lucrative and fast-growing market segments such as videoconferencing, customer relationship management (CRM), and application service provider (ASP).

The Consumer Division operates 22 retail stores located in Shanghai and Beijing serving China`s largest PC markets with customized, store-assembled desktop computers, branded notebooks, computer peripherals and accessories. The Company also has exclusive distribution rights to Samsung monitors and notebooks in Shanghai and Zhejiang provinces.

For more information, visit: http://www.hartcourt.com

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.




Copyright © 2004 Market Wire
News Copyright © 2004 Interest!ALERT All rights reserved.

[new_investor]

30 September 2004

Hartcourt gibt die Wahl von Billy Wang zum Vorstandsvorsitzenden bekannt. Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009) gaben heute bekannt, dass Billy Wang auf einer Vorstandssitzung am 28. September 2004 zum Vorstandsvorsitzenden von Hartcourt gewaehlt wurde.

Mr. Wang arbeitete bereits seit 2002 in einer leitenden Position bei Hartcourt. Er ist aktuell Praesident von NCH Corporation China, einem multinationalen Chemieunternehmen mit Beteiligungen in ueber 10 Staedten in China und ueber 70 Laendern der Welt. Carrie Hartwick, CEO von Hartcourt, sagte: "Ich bin erfreut, dass wir Billy Wang als Vorstandsvorsitzenden gewinnen konnten. Billys Wissen und Erfahrung werden bei der Erweiterung unseres Geschaeftes in China in Verbindung mit der Fokussierung auf hoehere Margen von unschaetzbarem Wert sein."

Von 1994 bis 1997 war Mr. Wang Praesident von Xibic Enterprises Ltd. und Senior Consultant bei WCE Inc., spezialisiert auf internationale Geschaeftsentwicklung und Technologietransfer. Von 1991 bis 1997 arbeitete Mr. Wang als Berater fuer das Buero fuer Internationale Wirtschaft in Washington, D.C. Mr. Wang erhielt 1990 seinen Master und Doktortitel in Chemie von der Universitaet Virginia und 1986 einen Bachelor von der Universitaet Massachusetts.


Ueber Hartcourt Hartcourt ist ein IT-Produktvermarkter und Service-Provider in der Volksrepublik China mit Sitz in Shanghai. Das Geschaeft gliedert sich in zwei Bereiche: einen Geschaefts- und einen Privatkundenbereich. Der Geschaeftskundenbereich bedient kleine und mittlere Unternehmen (SME), Regierungsstellen, und ein Netzwerk von Vertriebsunternehmen mit einer grossen Palette von IBM-Produkten wie Server, Speichermedien, Notebooks und Desktop PC`s. Da Hartcourt nun tiefer in das SME-Segment vordringt, ist eine Ausdehnung des Geschaeftes in lukrative und schnell wachsende Marktsegmente wie Videokonferenzsysteme, CRM-Software und das ASP-Geschaeft geplant.

Der Privatkundenbereich betreibt 22 Geschaefte in Shanghai und Peking, welche Chinas groessten PC-Markt mit Do-it-yourself-PC`s, Marken-Notebooks, Computer-Peripheriegeraeten und -zubehoer versorgen. Das Unternehmen hat ausserdem exklusive Vertriebsrechte fuer Samsung-Monitore und -Notebooks in Shanghai und Zhejiang. Fuer weitere Informationen besuchen Sie bitte: http://www.hartcourt.com


Schau mer mal

[new_investor]

Hartcourt Announces Revised Record Date for Spin-Off
SHANGHAI, CHINA, Oct. 19, 2004 (MARKET WIRE via COMTEX) --
The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), today announced that it has revised the record date for the " spin off" of its wholly owned subsidiary, Financial Telecom Limited (USA), Inc. (" FTL" ), from October 17, 2003 to October 25, 2004 according to the notice filed with NASDAQ and the notice period for distribution date required by the NASDAQ. In the spin off, record holders of Hartcourt common stock as of October 25, 2004 will receive .087965218 share of FTL common stock for each share of Hartcourt common stock owned.

Shares of FTL common stock are expected to be distributed on or about November 1, 2004. No certificates representing fractional share interests of FTL common stock will be distributed to Hartcourt shareholders. All fractional share interests will be rounded up to the nearest whole share. The distribution of shares of FTL common stock to Hartcourt shareholders is not intended to be a tax-free distribution of those shares under U.S. tax law and will be taxable to Hartcourt shareholders. Shareholders of Hartcourt are urged to consult their tax advisors as to the tax consequences to them of the distribution of FTL common stock.

Following the spin off, Hartcourt will cease to have any ownership interest in FTL, and FTL will become an independent company. FTL is in the process of applying for inclusion of its common stock on the OTC Bulletin Board following the date of the distribution. No current public trading market for FTL common stock exists.

About Hartcourt

The Hartcourt Companies, Inc. is an IT retailer, distributor and service provider in the People`s Republic of China (PRC). Hartcourt is headquartered in Shanghai. The business is comprised of two divisions: Commercial and Consumer. The Commercial Division services small- and medium-sized enterprises (SMEs), government agencies and a network of distributors with a wide range of IBM products including server, storage, notebook and desktop computer.

The Consumer Division operates 22 retail stores located in Shanghai and Beijing serving China`s largest PC markets with customized, store-assembled desktop computers, branded notebooks, computer peripherals and accessories. The Company also has exclusive distribution rights to Samsung monitors and notebooks in Shanghai and Zhejiang provinces.

For more information, visit: http://www.hartcourt.com

About Financial Telecom Limited (USA), Inc.

Financial Telecom Limited (USA), Inc. is principally engaged in the business of providing real-time stock quotes, international foreign currency exchange quotes and financial information on Hong Kong listed companies, including trading information on other stock exchanges in the United States and Europe, to institutional and retail investors.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.


Contact:
Ms. Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email:
[e-mail]

SOURCE: The Hartcourt Companies, Inc.


--------------------------------------------------------------------------------

Copyright 2004 Market Wire, All rights reserved.

News provided by

[new_investor]

Info über FTL-Dividende:

http://www.sec.gov/Archives/edgar/data/949427/00010196870400…


Schau mer mal

[lui2]

Ein zehntel Cent also, pro Aktie soll man kriegen?!

Das ist ja das Betteln versaumt. Da kriegt doch der Verfasser fuer diese Meldung schon mehr.

[Rattlesnake]

@lui2
wie kommst du denn darauf?
du bekommst 0,087965218 aktien von FTL für jede hartcourt-aktie, die du besitzt. da steht nichts davon, wieviel diese aktien wert sein werden. allerdings wird es sicher nicht der kracher sein.

Rattlesnake

[new_investor]

NEWS NEWS NEWS!!!

Hartcourt Announces Acquisition of Control Tech (Shanghai), a Major Distributor of Videoconferencing Products in China

TUESDAY , NOVEMBER 02, 2004 05:31 AM

SHANGHAI, Nov. 02, 2004 (MARKET WIRE via COMTEX) -- The Hartcourt Companies,
Inc. (OTC BB: HRCT), (Frankfurt: 900009), today announced that it has signed a
definitive agreement to purchase 90% of Control Tech Electrics Technology
(Shanghai) Co., Ltd, a sole distributor of Radvision video & audio conferencing
products in China.



The purchase price for 90 percent of Control Tech is 16.2 Million RMB (US$1.96
Million) payable in 8,516,902 restricted common shares of Hartcourt. Control
Tech`s management team will hold the remaining equity interest. The boards of
both companies have approved the transaction, which is expected to close in
November, 2004 subject to certain preconditions being satisfied, including the
receipt of all necessary governmental approvals.



Started in 2001, Control Tech today is a leading distributor and service
provider in the fast growing interactive, multimedia industry in China. Control
Tech is the sole distributor and marketing partner of Radvision in China,
specializing in the distribution of video and audio conferencing equipment and
multimedia communication systems, as well as related after-sale services, with
sales channels covering the key markets in China. Control Tech had net income of
RMB3.1 million (US$0.4 million) on net sales of RMB29 million (US$3.5 million),
for the year ended December 31, 2003, and net income of RMB1.7 million (US$0.2
million) on net sales of RMB25 million (US$3 million) for the nine months ended
September 30, 2004.



The acquisition marks Hartcourt`s first step in implementing management`s
strategy of shifting the business towards higher margin, value-added service
sector in the rapidly growing Chinese IT industry.



Mr. Li Yi Zheng, Chairman of Control Tech (Shanghai), comments, "We are
delighted to join Hartcourt group at the current expansion stage. The
management, marketing and business expertise that Hartcourt can bring to us is
crucial for a fast growing company like Control Tech. We believe that the
synergies that will result from the acquisition will contribute significantly to
both Hartcourt and Control Tech`s profitability and business growth in the
coming years."



About Hartcourt



The Hartcourt Companies, Inc. is an IT retailer, distributor and service
provider with operations in the People`s Republic of China (PRC). Hartcourt is
headquartered in Shanghai. The business is comprised of two divisions:
Commercial and Consumer. The Commercial Division services small- and
medium-sized enterprises (SMEs), government agencies and a network of
distributors with a wide range of IBM products including server, storage,
notebook and desktop computer. As the Company moves deeper into the SME space,
it plans to expand into lucrative and fast-growing market segments such as
videoconferencing, customer relationship management (CRM), and application
service provider (ASP).



The Consumer Division operates 22 retail stores located in Shanghai and Beijing
serving China`s largest PC markets with customized, store-assembled desktop
computers, branded notebooks, computer peripherals and accessories. The Company
also has exclusive distribution rights to Samsung monitors and notebooks in
Shanghai and Zhejiang provinces.



For more information, visit: http://www.hartcourt.com



Forward-Looking Statements



Forward-looking statements made in this press release are based on current
expectations of the management of Hartcourt, involve a number of significant
risks and uncertainties, and should not be considered as guarantees or
assurances of future performance. The actual results of the specific items
described in this press release, and the Hartcourt`s operations generally, may
differ materially from what is projected in such forward-looking statements.
Although such statements are based upon the best judgments of the management of
Hartcourt as of the date of this release, significant deviations in magnitude,
timing and other factors may result from business risks and uncertainties
including, without limitation, the company`s dependence on third parties,
general market and economic conditions, technical factors, the availability of
outside capital, receipt of revenues and other factors, many of which are beyond
the control of the company. Our future results, including results related to
forward-looking statements, involve a number of risks and uncertainties that are
described in our 2003 Annual Report on Form 10-KSB/A filed with the Securities
and Exchange Commission on April 20, 2004. Hartcourt disclaims any obligation to
update information contained in any forward-looking statement.




Contact:

For Hartcourt:
Ms. Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: [e-mail]

[Rattlesnake]

hmmm, sieht mir nicht so aus, als hätten die keinen plan...

Rattlesnake

[new_investor]

NEWS!!!
Fintel Received Its Trading Symbol: FLTL
SHANGHAI, CHINA - MARKET WIRE - 11/02/04
The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that it has received clearance to list the common stock of Financial Telecom Limited (USA) Inc ("Fintel"), its former wholly owned subsidiary, on the OTC Bulletin Board under the trading symbol: FLTL.

Shares of Fintel common stock are distributed on November 1, 2004 to record holders of Hartcourt common stock as of October 25, 2004. Shareholders holding physical share certificates will receive their Fintel shares in the mail. Shareholders holding their shares in a brokerage account can contact their brokers to check for deposit of their Fintel shares.

About Hartcourt

The Hartcourt Companies, Inc. is an IT retailer, distributor and service provider in the People`s Republic of China (PRC). Hartcourt is headquartered in Shanghai. The business is comprised of two divisions: Commercial and Consumer. The Commercial Division services small- and medium-sized enterprises (SMEs), government agencies and a network of distributors with a wide range of IBM products including server, storage, notebook and desktop computer.

The Consumer Division operates 22 retail stores located in Shanghai and Beijing serving China`s largest PC markets with customized, store-assembled desktop computers, branded notebooks, computer peripherals and accessories. The Company also has exclusive distribution rights to Samsung monitors and notebooks in Shanghai and Zhejiang provinces.

For more information, visit: http://www.hartcourt.com

About Financial Telecom Limited (USA), Inc.

Financial Telecom Limited (USA), Inc. is principally engaged in the business of providing real-time stock quotes, international foreign currency exchange quotes and financial information on Hong Kong listed companies, including trading information on other stock exchanges in the United States and Europe, to institutional and retail investors.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.




Copyright © 2004 Market Wire
News Copyright © 2004 Interest!ALERT All rights reserved.

[Rattlesnake]

Hartcourt gibt Akquisition von Control Tech (Shanghai), einem fuehrenden Haendler von Videokonferenz-Produkten in China, bekannt.

2. November 2004
Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009) gaben heute die Unterzeichnung einer definitiven Vereinbarung fuer die Uebernahme von 90% von Control Tech Electrics Technology (Shanghai) Co., Ltd, bekannt. Control Tech ist Exklusivhaendler fuer Video- und Audiokonferenzsysteme von Radvision in China.

Der Kaufpreis fuer 90% von Control Tech betraegt 1,96 Mio. US$ zahlbar in 8.516.902 beschraenkt handelbarer Aktien von Hartcourt. Das Management von Control Tech haelt weiterhin die verbleibenden Anteile. Die Vorstaende beider Unternehmen haben die Transaktion, deren Abschluss noch im November 2004 erwartet wird, genehmigt. Bestimmte Voraussetzungen, wie z.B. die Genehmigung durch die Regierung, sind fuer den Abschluss der Transaktion noch notwendig.

Control Tech wurde 2001 gegruendet und ist heute einer der fuehrenden Haendler und Service-Provider in der schnell wachsenden interaktiven Multimedia-Industrie in China. Control Tech ist als Exklusivhaendler und Marketingpartner von Radvision in China spezialisiert auf den Handel mit Video-, Audiokonferenz- und Multimediakommunikationssystemen sowie damit verbundenen Dienstleistungen. Die Vertriebskanaele decken alle wichtigen Schluesselmaerkte in China ab. Control Tech erwirtschaftete in 2003 einen Umsatz von 3,5 Mio. US$ und einen Nettogewinn von 0,4 Mio. US$. In den ersten neun Monate in 2004 wurden 3 Mio. US$ Umsatz und 0,2 Mio. US$ Gewinn erreicht.

Die Uebernahme markiert Hartcourts ersten Schritt bei der Umsetzung der Managementstrategie, das Geschaeft von Hartcourt in den hoehermargigen Dienstleistungssektor innerhalb der rasant wachsenden IT-Industrie Chinas auszudehnen.

Mr. Li Yi Zheng, Aufsichtsratsvorsitzender von Control Tech (Shanghai), kommentierte dazu: "Wir sind hoch erfreut, der Hartcourt-Gruppe in der aktuellen Wachstumsphase beizutreten. Die Management-, Marketing- und Geschaeftserfahrung, die Hartcourt einbringen kann, ist entscheidend fuer ein schnell wachsendes Unternehmen wie Control Tech. Wir glauben, dass die Synergien, die sich aus der Akquisition ergeben, die Profitabilitaet und das Wachstum sowohl von Hartcourt als auch von Control Tech in den naechsten Jahren signifikant steigern werden.


Ueber Hartcourt
Hartcourt ist ein IT-Produktvermarkter und Service-Provider in der Volksrepublik China mit Sitz in Shanghai. Das Geschaeft gliedert sich in zwei Bereiche: einen Geschaefts- und einen Privatkundenbereich. Der Geschaeftskundenbereich bedient kleine und mittlere Unternehmen (SME), Regierungsstellen, und ein Netzwerk von Vertriebsunternehmen mit einer grossen Palette von IBM-Produkten wie Server, Speichermedien, Notebooks und Desktop PC`s. Da Hartcourt nun tiefer in das SME-Segment vordringt, ist eine Ausdehnung des Geschaeftes in lukrative und schnell wachsende Marktsegmente wie Videokonferenzsysteme, CRM-Software und das ASP-Geschaeft geplant.

Der Privatkundenbereich betreibt 22 Geschaefte in Shanghai und Peking, welche Chinas groessten PC-Markt mit Do-it-yourself-PC`s, Marken-Notebooks, Computer-Peripheriegeraeten und -zubehoer versorgen. Das Unternehmen hat ausserdem exklusive Vertriebsrechte fuer Samsung-Monitore und -Notebooks in Shanghai und Zhejiang.

Fuer weitere Informationen besuchen Sie bitte: http://www.hartcourt.com

[new_investor]

Hartcourt Files Third Quarter Results (10QSB)
Tuesday November 9, 8:00 am ET


SHANGHAI, CHINA--(MARKET WIRE)--Nov 9, 2004 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009), www.hartcourt.com, China`s IT wholesale, retail and service provider today announced its results for the quarter ended September 30, 2004.

Hartcourt reported consolidated revenue of US$54 million, up 62% compared to the same period last year. 34% of revenue was contributed by commercial sales. The consumer sales were up 44% compared to a year ago same quarter after excluding the discontinued operations.

Continued operating gross margin percentage was up 0.7% compared to a year ago, despite fierce price competition and overall margin erosion in the market place.

Hartcourt reported EBIT of US$711K after excluding the discontinued operation. The consolidated net income was US$49K. The discontinued operations were Guangdong NewHuaSun, a Samsung distributor and Wenzhou Zhongnan Group, an IT retailer.

The current ratio was kept healthy at 1.45. Trade receivable was 18 days. Inventory was 15 days. Our trade receivable and inventories turnover ratio were better than industry average in China.

Details of this financial report could be found in our 10Q filing on www.sec.gov.

About Hartcourt

Hartcourt`s achievements and operations could be viewed on its Web site, www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[new_investor]

Incorrect Hartcourt Quarter 3 Financial on Yahoo Finance
SHANGHAI, CHINA - MARKET WIRE - 12/03/04
The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), www.hartcourt.com, China`s IT wholesale, retail and service provider wishes to inform our investors that our operating results for the quarter ended September 30, 2004 posted on Yahoo! Finance was incorrect. It severely understated Hartcourt`s operating results for the third quarter of 2004.

Hartcourt reported consolidated revenue of US$54 million for the quarter ended September 30, 2004, instead of US$9 million incorrectly posted on Yahoo! Finance. Our third quarter 2004 income statement posted on Yahoo! Finance is materially different than Hartcourt`s actual operating results for the third quarter reflected in our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004. We have requested Yahoo! Finance to immediately remove the incorrect posting.

The correct statement is set forth below. The original announcement of our third quarter 2004 financial results is also included below. For more details, please refer to our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004 filed with the Securities and Exchange Commission, which can be found at http://www.sec.gov/Archives/edgar/data/949427/00010196870400…

Correct Incorrect
number number
Period ending 30-Sep-04 30-Sep-04
------ ------

Total Revenue 53,780 9,110
Cost of Revenue 51,124 8,766
------ ------
Gross profit 2,656 344

Operating expenses
Research Development - -
Selling General and administrative 2,021 491
Non-recurring
Others 29 24
------ ------
Total Operating expenses 2,050 515
------ ------

Operating income or loss 606 (171)

Income from continuing operation
Total Other income/Expenses, Net 104 (127)
Earnings before Interest and Tax 710 721
Interest expenses 15 (237)
Income before Tax 695 958
Income tax expenses 124 (91)
Minority Interest 411 (35)
------ ------
Net income from continued Ops 160 (5)

Non-recurring events
Discontinued Operation (110) 55
Extraordinary Items - -
Effect Of Accounting Changes - -
Other Items - -
- -
------ ------
Net income 50 50
Preferred Stock And Other Adjustments
------ ------
Net Income Applicable To Common Shares 50 50
About Hartcourt

Hartcourt`s achievements and operations could be viewed on its Web site, www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[new_investor]

Hartcourt Appoints Victor Zhou to Its Board of Directors
SHANGHAI, CHINA - MARKET WIRE - 12/21/04
The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that it has appointed Mr. Victor Zhou to its Board of Directors. Mr. Zhou is well respected in the Chinese securities industry with over 12 years of experiences. Hartcourt believes that he will provide valuable guidance to the Hartcourt management team.

Mr. Zhou is the President of Fixed Assets Investment of Huatai Securities Co., one of the top ten securities firms in China in terms of volume of stock transactions in 2004. Prior to his current position, Mr. Zhou served in other senior management positions within the Huatai Securities with increased responsibilities. Before joining Huatai Securities, Mr. Zhou was the General Manager in the Jiangsu Securities Co. Mr. Zhou has extensive experiences in securities trading, private equity investment and asset management.

Mr. Zhou received his Bachelor of Arts degree in Economics from Hunan University and EMBA from China Europe International Business School.

About Hartcourt

The Hartcourt Companies, Inc. is an IT retailer, distributor and service provider in the People`s Republic of China (PRC). Hartcourt is headquartered in Shanghai. The business is comprised of two divisions: Commercial and Consumer. The Commercial Division services small- and medium-sized enterprises (SMEs), government agencies and a network of distributors with a wide range of IBM products including server, storage, notebook and desktop computer. As the Company moves deeper into the SME space, it plans to expand into lucrative and fast-growing market segments.

The Consumer Division operates 22 retail stores located in Shanghai and Beijing, servicing China`s largest PC markets with customized, store-assembled desktop computers, branded notebooks, computer peripherals and accessories. The Company has exclusive distribution rights to Samsung monitors and notebooks in Shanghai and Zhejiang provinces.

For more information, visit: http://www.hartcourt.com.

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

[new_investor]

Hartcourt Appoints Richard Hyland as Interim CFO

WEDNESDAY, JANUARY 05, 2005 06:31 AM


SHANGHAI, CHINA, Jan. 05, 2005 (MARKET WIRE via COMTEX) --The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009)
today announced that it had appointed Richard Hyland as Interim Chief
Financial Officer, effective January 5, 2005, replacing Carrie
Hartwick. The CFO`s position was covered by Carrie Hartwick after she
was promoted to the CEO position in June 2004. Richard brings to
Hartcourt a broad range of expertise in financial management and
internal controls. His diversified background is expected to be an
invaluable asset to support Hartcourt`s anticipated growth in China.




Richard has over 17 years of experiences in strategic planning,
financial analysis, mergers and acquisitions, auditing, and financial
consulting. Prior to Hartcourt, Richard spent two years working as an
independent financial consultant for Hong Kong and Chinese
corporations. Before his consulting business, Richard spent 10 years
with a financial news organization that at different times was owned
by Reuters, Bridge Information System and Knight-Ridder. During
which time, Richard served in various financial positions with
increased responsibilities, including the CFO of eBridge, and moved
across geographic locations from the United Kingdom to Asia Pacific.
Before that, Richard spent five years with Deloitte & Touche in the
U.K., where he was an Audit Manager.




Richard received his Bachelor of Arts in political science from
Nottingham University. He is a U.K. Chartered Accountant (ACA) of the
Institute of Chartered Accountants in England & Wales.




About Hartcourt




The Hartcourt Companies, Inc. is an IT retailer, distributor and
service provider in the People`s Republic of China (PRC). Hartcourt is
headquartered in Shanghai. The business is comprised of two
divisions: Commercial and Consumer. The Commercial Division services
small- and medium-sized enterprises (SMEs), government agencies and a
network of distributors with a wide range of IBM products including
servers, storage, notebook and desktop computers. As the Company
moves deeper into the SME space, it plans to expand into lucrative
and fast-growing market segments.




The Consumer Division operates 22 retail stores located in Shanghai
and Beijing servicing China`s largest PC markets with customized,
store-assembled desktop computers, branded notebooks, computer
peripherals and accessories. The Company has exclusive distribution
rights to Samsung monitors and notebooks in Shanghai and Zhejiang
provinces.




For more information, visit: http://www.hartcourt.com




Forward-looking statements




The statements made in this press release, which are not historical
facts, contain certain forward-looking statements concerning potential
developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains. The
actual results of the specific items described in this release, and
the company`s operations generally, may differ materially from what
is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the
company as of the date of this release, significant deviations in
magnitude, timing and other factors may result from business risks
and uncertainties including, without limitation, the company`s
dependence on third parties, general market and economic conditions,
technical factors, the availability of outside capital, receipt of
revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update
information contained in any forward-looking statement.





Contact:
For Hartcourt:
Mr. Tony Xia
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: [e-mail]
For Adam Friedman Associates:
Leslie Wolf-Creutzfeldt
Tel: [phone] X 11
Email: [e-mail]



SOURCE: The Hartcourt Companies, Inc.

[stockzar]

So, bin heute wieder in Hartcourt eingestiegen. Die Marktkapitalisierung im Verhältnis zu den Umsätzen ist einfach lächerlich! Ich denke, alle negativen Nachrichten, Gerüchte usw. sollten im Kurs eingepreist sein. Eigentlich kann es nur noch besser werden...

Ich denke, dass die Zahlen für das 4 Quartal wieder einen ordentlichen Gewinn ausweisen werden. Das 4 Quartal ist im Elektronikbereich ja bekanntlich immer das stärkste. Allein ein Gewinn von nur einer Million pro Quartal würde Hartcourt ja schon ein lächerliches KGV von etwa 6 bescheren. Dies würde eine überaus konservative Gewinnmarge von 2% voraussetzen - mit dieser sollte und wird sich unsere neue Chefin aber wohl nicht zufrieden geben.
Beim einem vom mir geschätzten Jahresumsatz von über 200 Millionen $ (die Umsätze der letzten drei Quartale summieren sich ja schon auf 147,5 Millionen Dollar) und einer Marktkapitalisierung von nur 24 Millionen Dollar, sowie wieder stärker werdenden Gewinnen, sollte der Boden wirklich endgütlich erreicht sein - SEC Verfahren hin oder her.

Hoffentlich sieht die Börse das jetzt auch ähnlich...

[new_investor]

@stockzar

die Umsätze der letzten 3q belaufen sich auf über
192 Mio.USD

[stockzar]

@ new_investor: Du hast recht! Hatte mich an die Zahlen im Yahoo Profil gehalten. Da wurde ja das dritte Quartal bekanntlich falsch verbucht - ist wohl noch nicht korrigiert. Wenn man die Zahlen der Hartcourt Homepage nimmt kommt man auf die 192 Millionen.

Das macht die Unterberwertung ja noch um einiges krasser!!!

[rauschsi]

wie kommst du auf die Marktkapitalisierung von 24 Millionen Dollar?

[stockzar]

@rauschi

von der Hartcourt Homepage:
Financial Facts (results as of Q3 2004)
Revenue: USD 147488850
Operating Profit: USD 1822971
Total Assets: USD 48889424
Number of Outstanding Common Shares: 171658757 shares

Marktkapitalisierung: number of outstanding shares * Kurs von 0,14$ ca. 24 Mio. $

Außerdem bei http://quote.yahoo nachzulesen

In den USA gehts übrigens gerade 3,5% nach oben

[Franz Beckenbauer]

Auch wenn ich gegen dein Szenario nix einzuwenden hätte..aber:

MC im Verhältnis zum Umsatz....so hatte ich früher auch einmal gerechnet. Aber das scheint nicht mehr zu ziehen !! Nach den Abstürzen der letzten Jahre orientieren sich die meisten Ableger auf etwas handfestes....und das ist was unter dem Strich hängen bleibt: Gewinne !! Die letzten Quartale waren von der GM mehr als schwach....da kann ein MC/Umsatz auch keinen hinter dem Ofen hervorlocken.

Und für 1 Mio. Gewinn müßte die Marge bei ca. 4% und nicht bei 2% liegen. HRCT hat zwar einen Umsatz von ca. $ 54 Mio., darf aber nur anteilsmäßig die Gewinne verbuchen. Das bedeutet effektive $ 27 Mio. Umsatz (daher 4% GM).

Und bei aktuellen 0,19% sollten wir etwas bescheidener sein

Die Kernfrage ist: Warum ist die GM so niedrig ??
Gibt das Geschäftsfeld nicht mehr her ??? Ist HRCT zu blöd bzw. zu schlecht aufgestellt oder organisiert ??? Oder führt der Abbau anderer Posten (evtl. Vebindlichkeiten oder anderes) im Augenblick dazu das der Gewinn aufgefressen wird ??

Franz

[soeindriss]

was soll ich davon halten ?
war heute auf der deutschen seite von hartcourt , wollte informationen , weder der newsletterservice , noch der link zur präsentationsmappe funktioniert ...

[soeindriss]

hallo , ich wollte nicht , dass ihr verstummt , wollte nur wissen warum ich von hatcourt keine infos bekomme ...

[stockzar]

Mal wieder News! Der Wechsel wird in den Amiboards überwiegend positiv gesehen. Der neue "Accountant" scheint wohl etwas qualifizierter für den Umgang mit Hartcourts chinesischen Beteiligungen zu sein.

Vielleicht auch ein weiterer Schritt die Altlasten zu beseitigen... Positiv ist auf jeden Fall, dass sich bei Hartcourt etwas tut - wie ja auch die gestrigen News zeigen.

Am OTC-BB jedenfalls rauf auf 0,15



Form 8-K for HARTCOURT COMPANIES INC


--------------------------------------------------------------------------------

6-Jan-2005

Change in Accountant



ITEM 4.01 CHANGES IN REGISTRANT`S CERTIFYING ACCOUNTANT

(a) On December 29, 2004, Loral International Certified Public
Accountants ("Loral") informed The Hartcourt Companies, Inc
(the "Company") that it resigned as the independent public
auditor for the Company and its subsidiaries
effective immediately. A copy of that letter is attached to
this Form 8-K as Exhibit 16.1 and filed herewith.

Loral served as the Registrant`s independent auditor for the
years ended December 31, 2003 and 2002. Loral`s report on the
Company`s consolidated financial statements for the year ended
December 31, 2003 and 2002 did not contain an adverse opinion
or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles except
that (1) both Reports were modified to include an explanatory
paragraph expressing substantial doubt about the Company`s
ability to continue as a going concern, and (2) Loral`s 2003
Report contained the following disclaimer:

During the year ended December 31, 2003, the Company
acquired four (4) foreign subsidiaries located in
China. All the acquired companies were privately held
by foreign owners without the US accounting
knowledge. Consequently, different sets of accounting
records were noted. As of December 31, 2003,
Hartcourt does not file its US federal and state tax
returns for the year ended December 31, 2002. We have
not audited Hartcourt foreign tax liabilities of
China, for the years ended December 31, 2003 and 2002
(See Note # 23, Income Taxes).

In connection with the audits of the Company`s most recent two
years ended December 31, 2003 and 2002 and during the period
from January 1, 2004 until Loral`s resignation, there were no
disagreements between Loral and the Company on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope and procedures, that, if not
resolved to the satisfaction of Loral, would have caused Loral
to make reference to the subject matter of the disagreement in
connection with its reports on the Company`s financial
statements for such years.

The Company has authorized Loral to respond fully to all
inquiries of the Company`s successor accountants concerning
the explanatory paragraph in Loral`s 2002 and 2003 Reports and
the disclaimer in the 2003 Report.

The Company has provided a copy of this Report on Form 8-K to
Loral and requested that it furnish the Company with a letter
addressed to the SEC stating whether it agrees with the
statements made by the Company in response to this item. When
provided, a copy of that letter will be provided in an
updated Report.





(b) On December 30, 2004, the Audit Committee of the Company`s
Board of Directors appointed Kabani & Company, Inc. ("Kabani")
as the Company`s registered independent public accounting
firm.

During the two most recent fiscal years and the period from
the end of the most recent fiscal year to the date of
appointment of Kabani, neither the Company nor anyone acting
on its behalf consulted with Kabani with respect to either (i)
the application of accounting principles to a specified
transaction, either completed or proposed; or the type of
audit opinion that might be rendered on the Company`s
financial statements, or (ii) any matter that was the subject
of a disagreement, as that term is defined in Item
304(a)(1)(iv) of Regulation S-B and the related instructions
to Item 304 of Regulation S-B, or a reportable event, as that
term is defined in Item 304(a)(1)(v) of Regulation S-B.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

16.1 Letter dated December 29, 2004, from Loral International
Certified Public Accountants respecting its resignation and
cessation as certifying accountant.

[stockzar]

Ein Kommentar zu dem Accountant Wechsel von investorshub.com (post 60321):

"Just a little something extra...I see they already have clients in China, so that would appear to be a plus..imo

ALoha

Bodisen Biotech..One of their clients..

Kabani & Company, Inc., 17011 Beach Blvd. Suite 1230, Huntington Beach, CA 92647, www.kabanico.com
Kabani & Company is the 3rd largest independent audit firm in Southern California, representing approximately 50 US public companies. The audit firm`s audit staff and senior management have twice visited Bodisen in China, in February and October 2004. "

[stockzar]

Offensichtlich hat der alte Accountant Loral ein "late filing" durch seinen kleinen Erpressungsversuch verursacht. So langsam wird mir klar, dass die Trennung wohl unausweichlich war...

Lest am besten selbst (Post 60332 Investorshub.com):


"!!!! HRCT tried to spin it a bit in the PR ? And you would know this because you actually sat in on the negotiations between HRCT & Loral.I would say it seems they were both trying to come to an amicable end to their partnership because of disagreements between them on a variety of reasons. Overbilling HRCT would rank up their with being one as to why a company would have to revaluate their partnership with their auditing firm I would think.MBR I put in a piece at the bottom just for you.

How about the FACT that LORAL caused HRCT,s 10-K 2003 filing to be LATE by trying to basically strong arm/bribe them for an extra $95,000 and wouldn`t sign off until they paid last March. It`s in the filing you`ll find it if you know where to look. And so you know since you weren`t at the meeting and those that were know that I voted all my shares AGAINST approving LORAL for a new term just for this Fact/ REASON


Item 14: Principal Accounting Fees and Services
--------------------------------------
For year ended December 31, 2003 and 2002 respectively, Loral International CPA
& Advisor LLC, our independent auditor, billed the fees set forth below.

2003 2002
Audit Fees (1) 70,000 46,000
Audit-Related Fees - -
Tax Fees - -
All Other Fees - -

The auditor is trying to bill Hartcourt additional $95,000 for their audit work
of 2003, which was considered over their initial estimate. The additional audit
fee is still in the process of approval of our audit committee."

[new_investor]

Press Release Source: The Hartcourt Companies, Inc.


Hartcourt -- 1st Investor Conference Call Invitation
Friday January 14, 8:00 am ET
Friday, January 21, 2005 7 a.m. Pacific / 10 a.m. Eastern / 4 p.m. Berlin / 11 p.m. Shanghai


SHANGHAI, CHINA--(MARKET WIRE)--Jan 14, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News), (Frankfurt: 900009), today announced that Hartcourt will hold its first investor conference call on Friday, January 21, 2005. The call will begin promptly at 7 a.m. PST, 10 a.m. EST, 4 p.m. Berlin and 11 p.m. Shanghai time. The conference call, which is more effective and real time communication with the Hartcourt investors, will replace the previous website posting of Q&A.
Speaking from Hartcourt Shanghai headquarter, senior management will discuss the 2004 operating results, the implementation of new strategic initiatives as well as other on going matters. The management discussion will take half an hour with the remaining time devoted to Q&A.

In order to answer investor questions in the most efficient manner, please email your questions to [e-mail] prior to the conference call.

Call Instructions:

Please dial the number below before the conference call begins (Note: This is an international call to Hong Kong. This is not a tool-free number).

Date: January 21, 2005
Time: 7 a.m. PST / 10 a.m. EST / 4 p.m. Berlin /
11 p.m. Shanghai
Estimated Duration: Up to one hour
Phone Number: 852-2112-1444
PIN number: 188022#
Participants can enter "*6" on their phone to mute their lines and re-enter "*6" to be off the mute. We ask that non-speaking participants keep their phones at the "mute" status to allow best sound results. All participants can enter "*0" on their phones for off-line operator assistance anytime during the conference call.

Replay:

For those who cannot participate the scheduled call, the recording of the conference call will be available on our web site at www.hartcourt.com under "Investor Relations" starting at 9 a.m. EST on January 24, 2005 for 24 hours.

ADVERTISEMENT


About Hartcourt

The Hartcourt Companies, Inc. is an IT retailer, distributor and service provider in the People`s Republic of China (PRC). Hartcourt is headquartered in Shanghai. The business is comprised of two divisions: Commercial and Consumer. The Commercial Division services small- and medium-sized enterprises (SMEs), government agencies and a network of distributors with a wide range of IBM products including server, storage, notebook and desktop computers. As the Company moves deeper into the SME space, it plans to expand into lucrative and fast-growing market segments.

The Consumer Division operates 22 retail stores located in Shanghai and Beijing servicing China`s largest PC markets with customized, store-assembled desktop computers, branded notebooks, computer peripherals and accessories. The Company has exclusive distribution rights to Samsung monitors and notebooks in Shanghai and Zhejiang provinces.

For more information, visit: http://www.hartcourt.com

[speku@1]

Ist diese Meldung denn so positiv zu betrachten?

[new_investor]

Press Release Source: The Hartcourt Companies, Inc.


Hartcourt Completed Control Tech Acquisition
Thursday February 24, 6:30 am ET


SHANGHAI, CHINA--(MARKET WIRE)--Feb 24, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009) today announced that it has completed the acquisition of Control Tech. Beginning March 1, 2005, Control Tech`s financial statements will be consolidated and reported under Hartcourt. Hartcourt believes that the acquisition of Control Tech is in line with its business strategy to move into attractive, value-added segments of the fast-growing China IT industry.
ADVERTISEMENT


Control Tech is a leading distributor and professional service provider in the interactive/multimedia industry in China. Control Tech is the key distributor and marketing partner of Radvision and ClearOne in China, specializing in the distribution of video and audio conferencing equipment and providing multimedia communication services, as well as related after-sale services, with sales channels covering all of China. Control Tech experienced 34% revenue growth in 2004 and is expected to double that growth in 2005.

The acquisition of Control Tech by Hartcourt was paid for in shares of Hartcourt common stock, and the total number of shares delivered at closing was adjusted up to 19.6 million shares of Hartcourt common stock from 8.5 million pursuant to a purchase price adjustment provision of the acquisition agreement to reflect the decrease in Hartcourt`s share price.

Mr. Li Yi Zheng, Director of Control Tech, comments, "We are excited about being a part of Hartcourt family of companies. The Hartcourt resources will significantly strengthen our competitive position as we aggressively expand our presence in the multimedia communication market in China."

About Hartcourt

Hartcourt`s achievements and operations can be found on its web site: www.hartcourt.com

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.



Contact:
Contact:

For Hartcourt:

Ms Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: [e-mail]

For Adam Friedman Associates:
Leslie Wolf-Creutzfeldt
Tel: [phone] X 11
Email: [e-mail]



--------------------------------------------------------------------------------
Source: The Hartcourt Companies, Inc.