Hartcourt --- WKN: 900009 !!!!!!!!!!!! es geht weiter !!!!!! wieder NEWS - 500 Beiträge pro Seite

[Provence]

Hartcourt WKN: 900009
Preis z.Zt. 0,068 Euro bzw.: 13 Pfennig pro Aktie

Mein Kursziel 0,20 Euro bis Jahresende



es kommen zur Zeit andauernd S U P E R - N E W S
doch so richtig in richtung N O R D E N läuft es noch nicht.

hier die letzte N E W S von gestern Abend

February 28th, 2003

Dear Shareholders:

We have purposely delayed this Q&A because we knew that you would have plenty of questions regarding the HuaQing acquisition. However, before we proceed with the Q&A, we would like to re-print an interesting Email from an investor who claimed that the deal is too good to be true. It is reflective of the general mindset of many shareholders:

Q. Hartcourt`s recent press release states that Hartcourt will acquire 45% of HuaQing for approx 18.2 Million RMB. It goes on to claim that HuaQing has revenue of 539 RMB. Excuse my ignorance, but it makes absolutely no sense. Why would a company sell to you for such a ridiculously small amount? HuaQing, if your numbers are correct, could easily demand fifty TIMES that amount. In the circles that I`m speaking with, people are certain that this is a scam and your press release is entirely fabricated. Are you able to tell me what`s going on here, and why the deal looks so impossible? What does HuaQing get out of it?

A. Thank you for your interest in Hartcourt. We are happy to hear that our HuaQing acquisition should be worth fifty times the amount we paid for. It shows that Hartcourt management team is remarkable in their negotiation skill and the upside potential on HuaQing is mind-boggling.
On your suspicion that the deal is a "scam" and our PR was "fabricated", we would like to make a suggestion. If you would come to Shanghai for just two days, we shall take you to HuaQing, ask them to open all books and records for your inspection, take you to visit their 11 stores etc...Don`t worry about the language barrier. You could hire highly-skilled interpreters at most major hotels.
If you find anything false with our PR, we shall reimburse all your travel expenses and you could report us to the SEC and be a hero. If everything is true like we said, then you would simply issue a public statement acknowledging the fact as you see it. Please advise if we have a deal.
In addition, we strongly believe that after your visit to Shanghai, you would become one of our major investors and supporters. You would know that Hartcourt is grossly undervalued for its performance and potential. You would tell your "circle" that Hartcourt is the best play for China-related stocks, period.
Waiting for your visit. Hartcourt.

NOW BACK TO THE QUESTIONS:

Q. In your shareholder letter you implied that HRCT will be able to use the entire revenue and profits from HuaQing in its filings. Is that the case? Will HRCT be able to use the entire projected 77 million for 2003?

A. After the acquisition, we would be the biggest shareholder of HuaQing with 45% ownership, in addition to a 10 percent Voting Proxy. According to our Financial Controller and our independent auditor, since Hartcourt is the biggest shareholder with the control of the Board of Directors, we shall be able to consolidate 100 percent of the revenue. Of course, we would be able to include only 45 percent of the net profit.

Q. Why will HuaQing grow so much better with HRCT than without? In other words, why would HuaQing allow HRCT to buy them? What are we going to do for them that they couldn`t do by themselves? Is there an unknown that will drive them forward or is it just the fact that HRCT will assist them in expansion?

A. HuaQing management has done extremely well during their 10-year history. Their understanding and exploitation of business opportunities in local environment are unsurpassed by any competitor. However, with WTO admission, all Chinese enterprises must re-structure to meet new challenges from world-class players. They see in Hartcourt management the experience and skill-set to deal with strategic partnerships, M&A transactions, corporate governance, global capital markets access, etc. all of which complement nicely with their local expertise. Our mutual desire is to grow HuaQing into a major Chinese conglomerate and our combined strength are the two important factors in this marriage.

Q. Is the deal completed at this point or is there still a chance for cancellation?

A. The deal should be finalized once Hartcourt and the sellers exchange its respective share certificates. A Press Release will be issued upon the completion.

Q. Will HuaQing be a stand-alone company or will it be combined with AI Asia companies?

A. At this moment, we have no plan to merge HuaQing into AI-Asia.

Q. I am curious about the two titles, HuaQing Corporation Development Co. Ltd. and HuaQing Economics Development Co. Ltd. Are the two companies only business computer related or are they in other areas as well? Finance? Something else?

A. Both companies are wholly owned by the same shareholders and both are in the business of IT product marketing and services. One is focused on small-medium enterprises (SMEs) accounts and distributors, while the other controls the PC assembly and retail network.

Q. Is this news the BIG news you had hinted at a while back? Is there more to come in the near future? The news sounds great but with nothing else to back the news up HRCT share price will sink right back to .06 and play right back into the hands of day traders and bashers. Thanks again for all your hard work.

A. We are always working on a number of deals and always try to improve and do better. We hope that we shall have even BIGGER news to report to you, soon. However, any comment of this subject is pre-mature, as the nature of all M&A deals is unpredictable. We cannot comment on the share price situation, either.

Q. Does this company have a website? If not, how can a company in the computer business proclaim to be top notch without an on-line window to its customers? What, exactly, does the company do? Do they operate brick and mortar stores? Do they sell fully assembled computers as well as computer parts? Since they don`t have a web site do they offer direct sales via telephone orders?

A. HuaQing assembles PC systems, sells PC components, accessories, and software, and helps its customers build their own PC at DIY (do-it-yourself) stores, provides after-sale services and support etc. They attract customers via media advertising, their own newsletter, promotional events and a call center dedicated to business direct marketing. They do not see the need to maintain a Web site with daily price changes due to the limited number of E-commerce customers in China (lack of a national delivery network and credit card users).

Q. If they sell from retail stores, how many stores do they have including the following
subsidiary? "It also has a subsidiary company based in Hangzhou, of the neighboring Zhejiang province." How large are the stores? (500 square feet? 20,000 square feet?) How many additional stores are planned for the next 6 months?

A. Huaqing has 11 retail stores and 1 service center in Shanghai Metropolitan, with an average of 1,000 sq.ft. per store. It also has one small subsidiary in Hangzhou and plans to expand in HangZhou first, before going into other cities in Zhejiang Province.

Q. The following info is from the HRCT web site, - "the company has developed into a leading provider of IT products, electronics and digital products, logistics management and other value added services. "What kind of products do they sell? Specifically what electronic and digital products? What type of "value added services" do they offer?

A. Besides PC systems, Hua Qing offers all computer hardware such as flat screen LCD monitors, printers, DVD drivers, game consoles, CPU, motherboard, storage devices etc, and related software. They help clients build PC systems in stores and provide technical support and other after-sale services. They also send engineers and technicians to SMEs for networking installation and other maintenance and repair services.

Q. What are the addresses and telephone numbers of the existing stores? Do the stores
operate under the corporate name or do they have a business name different from the name of the corporation?

A.Following are the addresses and telephones of the stores:

Shanghai #1: Suite C15, Floor 3, 668 Beijing Dong Road Tel: [phone]
Shanghai #2: Suite 219, 1 Huihai Zhong Road LuwanTel: 53835424
Shanghai #3: 28 Yueyang Road Xu Hui Tel: [phone]
Shanghai #4: Suite 3310, 601 Zhangyang Road Pudong Tel:[phone]
Shanghai #5: 1266 Beijing Xi Road Jingan Tel: [phone]
Shanghai #6: Suite 213, floor 2, 11 Caoxi Bei Road Tel: [phone]
Shanghai #7: Suite 318, 201 Tianshan Zhi Road Tel:[phone]
Shanghai #8: 481 Han Dan Road Yangpu Tel: [phone]
Shanghai #9: Suite 324-1, 579 Zhangyang Road Tel: [phone]
Shanghai #10: Suite 843, Changde Road Tel: [phone]
Shanghai #11: Floor 2, 18 Yueyang Road, Tel: [phone]
12: Service Department : 43 Han Dan Road


Q. Why with 65 million in revenue would Mr. Phan ask us shareholders to be the new PR firm? Wouldn`t it be wise to hire a professional company to increase exposure rather than ask an obscure group of people on a message board to spread the news?

A. Now that Hartcourt is financially stable with this acquisition, it is planning to employ a professional PR firm to attract new investors. However, if shareholders are enthusiastic about the company they own, many would be happy to spread the words for common interest of the group.

Q. Could you specify the strategic relationships with Intel, Sony, Philip, Kingston, etc.?

A.Huaqing is the authorized dealer for these brand name manufacturers, as well as many others like Samsung, Sun etc.. In 2001 and 2002, it is awarded the title "Excellent Distributor for Intel".

Q. What bank or financial institution is Hartcourt Capital associated with that they can handle spin offs and acquisitions?
A. There are many local investment and commercial bankers that we are cooperating with, in locating, structuring or funding an M&A transaction. Once the feasibility of the project and the capability of the management are proven, the funding will come from various sources.

Q. AI Asia has been publicly quiet in the past few months. Can we expect some updates on their growth and progress soon?

A. The answer is yes.

Q. Who fixed the share price for the acquisition @ 0.138US$ and what were the basic numbers in this calculation?

A. The fixed share price is the result of long negotiation and detailed valuation by sellers. Finally, it was accepted by both sides as the realistic value of HRCT share.

Q. About the payment of additional 10% of HuaQing. What will be the share price? As well as the other 45% of 0.138USD per share?

A.We obtained an additional Voting Proxy of 10 percent to enable us to vote as a 55% majority block. It is not an option. However, we are still negotiating with individual shareholders of HuaQing to purchase additional shares to bring our total above 51 percent.

Q. I hope that it is not too late to give you this question on China Report : How the magazine earns revenue? If by advertising, how many pages of ads in the first issue?

A. The main sources of revenue will be advertising for other China-related companies and funds. We have 7 pages of advertising in the first issue out of 24 pages for the magazine. After the first 3 issues, we shall ask for readers` subscription, either for the printed version or for the weekly Emails updates.

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.


Mein Tipp


Strong Buy

300% und mehr möglich !!!!!!!!!!


Hartcourt WKN: 900009
Börse - Frankfurt und Berlin sowie an der OTC gehandelt.

[1077-11]

Guter Gott, hört diese Pusher-Scheiße nie auf ??? Provence will wohl seine Einstiegsverluste wieder reinholen ???

LONG-HRCT-LOOSER !!!!!!!!!!!!!!!

[Rattlesnake]

@Provence

solche sinnlos-smily postings wie das vorangehende sind der grund, warum du hier keine reaktionen bekommen wirst. user wie 1077-11 haben das hartcourt board kaputtgemacht...

ich empfehle dir

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

falls du an normalem informationsaustausch interessiert bist.

Rattlesnake

[1077-11]