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Platform at Beijing Ceremony
BusinessWire
Friday July 7 7:01am
BEIJING--(BUSINESS WIRE)--July 7, 2000--
SinoBull.com Launch Event Attracts Participants
From Leading Chinese Ministries, Media and Industry
The Hartcourt Companies Inc. (OTC:HRCT) (Frankfurt:HCT),
www.hartcourt.com, today announced that its subsidiary group, headed by
SinoBull.com Inc., has officially launched the most comprehensive China-wide
E-finance platform catering to the Chinese financial and investment industries.
In addition to quality financial news, real-time market data, financial analysis and
commentary via the SinoBull portal, www.sinobull.com.cn, the SinoBull platform
enables brokerages to provide their clients with the ability to securely trade
securities online. The news conference was held on July 6, 2000, in the
multi-media conference room of the Shangri-La Hotel in Beijing.
The company's E-finance platform is integrated with a variety of the most
advanced Internet, telecommunication and wireless access systems available on
the market today. Financial IT solutions are being developed and customized by
SinoBull.com's subsidiaries for leading securities brokerages, investment firms,
banks, as well as media companies throughout Greater China.
Access methods and devices linking to the SinoBull platform include PC, data
terminal, PalmOS & Windows CE-based Personal Digital Assistants (PDAs)
bi-directional pagers, "Stock Easy" cable TV set top boxes, "Pocket 162"
handheld PC, and SIFTT's co-developed enhanced Nokia 7110 line of mobile
phones & future models of WAP-enabled Nokia devices. With over 200
participants, the SinoBull launch ceremony and news conference boasted
attendees including government officials, corporate executives and dignitaries
from the following organizations:
China Securities Commission, China Association of Securities Industry, Ministry
of Information Industry (MII), China Telecom Data Communication Bureau,
Beijing Government Science and Technology Committee, China Telecom, Jitong
Telecom, China Unicom, China Securities, Guosen Securities, Xiangcai
Securities, Shouchuang Securities, South China Securities, Yinghe Securities,
Zhongxing Securities, Beijing Securities, Zhongkexing Securities, People's Bank
of China, Bank of China, Commerce Bank of China, Communications Bank of
China, Construction Bank of China.
Yahoo! China, Sina, Sohu, IBM China, HP China, InnoStar High Tech City,
Legend Group, Homeway, Capital Online, China Futures and Commodities
Group, CCTV (China Central Television), Beijing TV, People's Daily,
International Finance News, Xinhua News Agency, Guangming Daily, Economy
Daily, China Securities Daily, Workers' Daily, China Youth Daily, Science and
Technology Daily, Beijing Evening Daily, Beijing Youth Daily, Securities Times
Weekly, Securities Daily (also known as Financial News), Beijing Morning
News, China Airline Daily, China Daily, and many others.
Michael Bianco, CEO of SinoBull.com Inc., stated, "We celebrate the official
presentation of our comprehensive China-wide E-Finance Platform today to
China's securities and banking industries. The introduction allows the SinoBull
Group to showcase our state of the art technology and range of products and
services to our potential clients and strategic partners. Through the strengthening
of our strategic partnerships and the expansion of services our employees are
offering to our customers and vendors we are steadily increasing the scope of our
value added services to the populace of China."
Alan Phan, Chairman and CEO of The Hartcourt Companies, Inc. added, "The
Information Technology revolution has quickly expanded all over the world. With
a quarter of the world's population, China has set to make E-business the
fundamental piece of its new economy. We are very excited that we are the
foremost American company to directly contribute and participate in the
development of infrastructure for China's new financial networks."
About The SinoBull Group
SinoBull Group is a financial technology developer, integrator and Internet
service provider, which enables China brokerage and banking firms to provide
online stock trading to its customers, over SinoBull.com's secure nationwide
Virtual Private Network UAC162 (which is separate from the Internet). With
much concern and restriction to Internet-based trading in China, the
SinoBull.com portal acts as a secure docking station between the Internet and the
UAC162 intranet, providing the best of both worlds (Internet access by investors
to input trade decisions & transactions delivered and processed over a secure
network by correspondent brokerages).
SinoBull's clients are leading securities firms in China, including giant China
Securities (Hua Xia Securities, www.csc.com.cn), Guosen Securities
(www.guosen.com.cn), Xiangcai Securities (www.xcsc.com) and Anshan
Securities. SinoBull is being recognized as a leader in providing financial
information on China's financial markets through its content sharing relationships
with Yahoo! China (http://cn.yahoo.com/fnews/sinobull) and China's The
People's Daily.
About Hartcourt
The Hartcourt Companies is a holding and development company that is building
a network of Internet and telecommunication service companies in The People's
Republic of China (China), including Hong Kong, in partnership with Chinese
entrepreneurs as well as Chinese government-owned entities. Its mission is to
become one of the leading broadband applications infrastructure providers in
Asia, including developing broadband networks and vertical market focused
contents for broadband applications. Detailed information on Hartcourt can be
obtained via the company's Website, www.hartcourt.com.
Forward-looking statements
Certain statements in this news release may constitute "forward looking"
statements within the meaning of Section 21E of the Securities Exchange Act of
1934. Such forward looking statements involve risks, uncertainties and other
factors, which may cause the actual results, performance or achievement
expressed or implied by such forward looking statements to differ materially from
the forward looking statements.
The Financial Relations Board, Inc. serves as financial relations counsel to this
company and is acting on the Company's behalf in issuing this bulletin and
receiving compensation therefor. The information contained herein is furnished for
information purposes only and is not to be construed as an offer to buy or sell
securities.
Contact:
Hartcourt Companies
Jack Westfield, 310/410-7290
or
The Financial Relations Board
310/442-0599
Kristen Kopay (General Information)
Carl Dameron (Media Contact)
Ed McNally (Investor/Analyst Contact)
Source: BusinessWire