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[Fuchsie]

Hallo Hartcourt-Freunde,

hier wieder einmal etwas zum Freuen. 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 wirklich für die glänzende Zukunft von HRCT uninteressant.

Hartcourt`s Subsidiary Achieves Significant Sales Contracts


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 its newly acquired subsidiaries has won key strategic
contracts to ensure steady growth amid SARS epidemic.

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.

Beste Grüße Fuchsie

[2002buyer]

HuaQing mit Auftrag für die Shanghai Metro

Hartcourt (WKN: 900009): Die chinesische Holding Hartcourt mit den Schwerpunkten auf Finanzinformationen, Medien, Internetschulungen, Telekommunikation, Marketing und Distribution, sowie Investment Banking Services gab gestern bekannt, dass es deren Tochter HuaQing mit Hauptsitz in Shanghai gelungen sei, einen Vertrag mit der Metro von Shanghai abzuschließen. HuaQing ist Produzent von IT-Produkten und Lieferant für den ostchinesischen Raum.
Bei dem Vertrag handele es sich gemäß den Angaben um einen Vertrag über zwei verschiedenen Modelle von Monitoren, die im Metrosystem als allgemeines Informationssystem und als Werbemonitore für die täglich zwei Millionen Passagiere aufgestellt werden sollen. Besondere Bedeutung kommt dem Vertrag zu, weil er die Beziehung, die HuaQing zur Regierung hat, aufweist. Außerdem hofft man bei dem Unternehmen auf mögliche Zusatzaufträge.


Andi