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Hartcourt Capital Launches China Report, a Magazine Focused On Investment Opportunities and Characteristics of China Market
Tuesday February 25, 10:38 pm ET


LOS ANGELES, Feb 25 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com , today announced that its wholly-owned subsidiary, Hartcourt Capital, Inc., will launch a bi-monthly magazine called China Report on March 4th, 2003. The first issue will have a circulation of 20,000 copies, distributing directly to the investment community including investment banking firms, fund managers, venture capitalists and brokerage houses throughout the US, Europe and Asia. The magazine will also be available via website, www.china-report.net , and through weekly E-mails to registered readers starting May 2003. The objective of the magazine is to provide investors with updates and analysis on the fast-changing investment environment and opportunities in China.
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Due to strong interest in China-related investment opportunities, especially after the WTO admission, China Report is expected to break even within the first year of operation.

Mr. Christian Giannini, Editor of China Report, comments, "A great deal has been written on the trials and tribulations of investing in China, but presently, there is no one magazine that focuses on both the investment issues and the companies into which the investments flow. China Report aims to present the news and development of China`s public and private companies, in a focused global perspective. Looking initially at the big picture, our first edition offers an overview of the privatization of state-owned enterprises. As the magazine grows, we plan to give readers up to date information about specific business sectors, including detailed case studies on how to profit from new opportunities, as well as a sampling of private companies that stand-out in their field."

Mr. David Chen, President of Hartcourt Capital, added, "Most news and reports on China for investors are coming from either academics or journalists. Meanwhile, professional investors are looking for information and data on a more practical business perspective: how to deal with the challenges and capture opportunities offered in China. Hartcourt Capital and China Report are fit to satisfy this demand since our management group is composed of some of the most experienced and hands-on managers in China."

About Hartcourt Capital

Hartcourt Capital, Inc., a wholly-owned subsidiary of Hartcourt Companies, provides investment banking, M&A and advisory services for Chinese enterprises wanting access to global capital markets. It also serves as a bridge for American and European companies interested in strategic partnerships or M&A opportunities in China. Detailed information on Hartcourt Capital 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.

For further information please contact: Wenny He of The Hartcourt Companies, Inc., 011-8621-5213-0673, fax [phone], [e-mail] .




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Source: The Hartcourt Companies, Inc.

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