Hartcourt News!
02.12.03 12:24
#1
Trader
Hartcourt News!
Finanzdirektorin von Dell (China) wechselt zu Hartcourt
Frau Carrie Hartwick wurde zur Präsidentin und Finanzdirektorin ernannt
Los Angeles (ots) - Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com, China´s am schnellsten wachsende IT Vertriebs und Einzelhandelsfirma, gaben heute bekannt, daß Frau Carrie Hartwick seit dem 1. Dezember 2003 neue Präsidentin und Finanzdirektorin ist.
Frau Hartwick verfügt über 17 Jahre Erfahrung im Bereich Finanzen, Steuer, Wirtschaftsprüfung, Recht, Geschäftsbetrieb und Managementinformationssytem. Sie arbeitete die letzten 7 Jahre in China und hat das interne Steuersytem für die großen US Konzerne in diesem komplizierten Markt erarbeitet. Bevor sie zu Hartcourt kam, war sie Finanzdirektorin bei Dell in China, einer der größten PC- und IT Firmen der Welt und managte einen Jahresertrag von US$1,3 Milliarden in China, dem am schnellsten wachsenden Markt für Dell. In ihrer bemerkenswerten Laufbahn war sie als Finanzdirektorin für Gillette in China und in verschiedenen Positionen für Johnson & Johnson, unter anderem als Finanz Revisor für Johnson & Johnson (Shanghai) tätig. Frau Hartwick erhielt ihren Bakkalaureus in Buchhaltung von der Rutgers Universität.
David Chen bleibt weiterhin Hauptgeschäftsführer von Hartcourt und übernimmt zusätzlich die Verantwortung als vorläufiger Vorstandsvorsitzender. Durch die neue Aufteilung der Verantwortlichkeit mit der Präsidentin und Finanzdirektorin hat Herr Chen jetzt mehr Zeit, sich auf die Erweiterung des Hartcourt Netzes durch Fusionen und den Erwerb neuer Firmen zu konzentrieren.
Seit dem Erwerb von vier chinesischen Firmen aus dem Bereich IT Vertrieb und Einzelhandel ist Hartcourt zu einer der am schnellsten wachsenden Firma und zu eine der größten in diesem Sektor in China aufgestiegen. Unter der Leitung von Frau Hartwick führt Hartcourt eine Analyse der internen Steuerungsabläufe, des Finanzmanagements u.ä. in verschiedenen Bereichen der Tochterfirmen durch, um die Investitions- und Leistungsfähigkeit zu verbessern und vor allem ein höheres Niveau der Unternehmensführung zu erreichen.
David Chen, Geschäftsführer und vorläufiger Vorstandsvorsitzender von Hartcourt sagte: „Wir sind begeistert, Frau Carrie Hartwick als neuestes Mitglied im Hartcourt Team begrüßen zu dürfen. Sie bringt unschätzbare Erfahrung im China Geschäft mit, besonders in den Bereichen interne Steuerung und Finanzgeschäfte. Sie verstärkt unser Team und hilft Hartcourt, die verschiedenen Tochtergesellschaften zu rationalisieren und zu integrieren, um eine der drei größten IT Vertriebs- und Einzelhandelsfirmen in China zu werden.
Gruß
Trader
Frau Carrie Hartwick wurde zur Präsidentin und Finanzdirektorin ernannt
Los Angeles (ots) - Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com, China´s am schnellsten wachsende IT Vertriebs und Einzelhandelsfirma, gaben heute bekannt, daß Frau Carrie Hartwick seit dem 1. Dezember 2003 neue Präsidentin und Finanzdirektorin ist.
Frau Hartwick verfügt über 17 Jahre Erfahrung im Bereich Finanzen, Steuer, Wirtschaftsprüfung, Recht, Geschäftsbetrieb und Managementinformationssytem. Sie arbeitete die letzten 7 Jahre in China und hat das interne Steuersytem für die großen US Konzerne in diesem komplizierten Markt erarbeitet. Bevor sie zu Hartcourt kam, war sie Finanzdirektorin bei Dell in China, einer der größten PC- und IT Firmen der Welt und managte einen Jahresertrag von US$1,3 Milliarden in China, dem am schnellsten wachsenden Markt für Dell. In ihrer bemerkenswerten Laufbahn war sie als Finanzdirektorin für Gillette in China und in verschiedenen Positionen für Johnson & Johnson, unter anderem als Finanz Revisor für Johnson & Johnson (Shanghai) tätig. Frau Hartwick erhielt ihren Bakkalaureus in Buchhaltung von der Rutgers Universität.
David Chen bleibt weiterhin Hauptgeschäftsführer von Hartcourt und übernimmt zusätzlich die Verantwortung als vorläufiger Vorstandsvorsitzender. Durch die neue Aufteilung der Verantwortlichkeit mit der Präsidentin und Finanzdirektorin hat Herr Chen jetzt mehr Zeit, sich auf die Erweiterung des Hartcourt Netzes durch Fusionen und den Erwerb neuer Firmen zu konzentrieren.
Seit dem Erwerb von vier chinesischen Firmen aus dem Bereich IT Vertrieb und Einzelhandel ist Hartcourt zu einer der am schnellsten wachsenden Firma und zu eine der größten in diesem Sektor in China aufgestiegen. Unter der Leitung von Frau Hartwick führt Hartcourt eine Analyse der internen Steuerungsabläufe, des Finanzmanagements u.ä. in verschiedenen Bereichen der Tochterfirmen durch, um die Investitions- und Leistungsfähigkeit zu verbessern und vor allem ein höheres Niveau der Unternehmensführung zu erreichen.
David Chen, Geschäftsführer und vorläufiger Vorstandsvorsitzender von Hartcourt sagte: „Wir sind begeistert, Frau Carrie Hartwick als neuestes Mitglied im Hartcourt Team begrüßen zu dürfen. Sie bringt unschätzbare Erfahrung im China Geschäft mit, besonders in den Bereichen interne Steuerung und Finanzgeschäfte. Sie verstärkt unser Team und hilft Hartcourt, die verschiedenen Tochtergesellschaften zu rationalisieren und zu integrieren, um eine der drei größten IT Vertriebs- und Einzelhandelsfirmen in China zu werden.
Gruß
Trader
02.12.03 14:58
#4
stratos
letzte news
bestätigt die mergers vorher als sicher,sonst würde doch so eine namenhafte person,die position nicht einnehmen
04.12.03 09:19
#7
Trader
News
Hartcourt and its subsidiary Huaqing Acquired Pengyang Computer Co., a Major Notebook Retailer in Shanghai, China
Los Angeles, CA, December 4th -- /MarketWire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT) (Frankfurt: 900009), www.hartcourt.com , China's fastest growing IT distribution and retail company, announced today that it has signed an agreement to purchase 100 percent of Pengyang Computer Co., Ltd. a major notebook computer retailer and marketer based in Shanghai, China.
The purchase price for 100 percent of outstanding shares of Pengyang is 14.85 Million RMB (US$1.8Mil) payable in 1,530,000 restricted common shares of Hartcourt, calculated at $0.60 a share, and 6.2% of ownership of Huaqing. After the acquisition, Pengyang will be fully integrated into the operations of Huaqing, of which Hartcourt will continue to hold a 51% interest.
Pengyang owns and operates 12 retail stores in Shanghai area specializing in notebook computers. The company is major distributor and retailer for HP, IBM, BENQ, ASUS and Compower. The stores also carry notebooks and accessories of Samsung, Fujitsu, Compaq, Toshiba, and Intel.
According data from IDC, China has experienced strong growth in its notebook PC market and is expected to outperform global growth rate. For the first 3 quarters of 2003, total units shipped increased 83% over the same period last year. Market potential is greatest with consumer market thanks to rising in income and urbanization. The low penetration of notebook PC in China (11% of the total PC sales comparing to 26% world-wide) and the fast industrial output would mean faster growth curve for notebook PC.
More details on Pengyang could be found on its online shop, www.shtip.com.cn.
Mr. David Chen, Hartcourt's CEO and interim Chairman, comments "Pengyang, the latest addition to the Hartcourt PC distribution network, is expected to be fully integrated into Huaqing operation from day one. This post-merger process demonstrates our successful effort to streamline our organization, expand our product lines, leverage our resources, obtain greater revenue and save operational costs. With the help of other subsidiaries, Huaqing and Pengyang will expand its notebook business aggressively in 2004. Meanwhile, Hartcourt is expecting more similar transactions to fully explore our synergies".
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). 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.
Gruß
Trader
Los Angeles, CA, December 4th -- /MarketWire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT) (Frankfurt: 900009), www.hartcourt.com , China's fastest growing IT distribution and retail company, announced today that it has signed an agreement to purchase 100 percent of Pengyang Computer Co., Ltd. a major notebook computer retailer and marketer based in Shanghai, China.
The purchase price for 100 percent of outstanding shares of Pengyang is 14.85 Million RMB (US$1.8Mil) payable in 1,530,000 restricted common shares of Hartcourt, calculated at $0.60 a share, and 6.2% of ownership of Huaqing. After the acquisition, Pengyang will be fully integrated into the operations of Huaqing, of which Hartcourt will continue to hold a 51% interest.
Pengyang owns and operates 12 retail stores in Shanghai area specializing in notebook computers. The company is major distributor and retailer for HP, IBM, BENQ, ASUS and Compower. The stores also carry notebooks and accessories of Samsung, Fujitsu, Compaq, Toshiba, and Intel.
According data from IDC, China has experienced strong growth in its notebook PC market and is expected to outperform global growth rate. For the first 3 quarters of 2003, total units shipped increased 83% over the same period last year. Market potential is greatest with consumer market thanks to rising in income and urbanization. The low penetration of notebook PC in China (11% of the total PC sales comparing to 26% world-wide) and the fast industrial output would mean faster growth curve for notebook PC.
More details on Pengyang could be found on its online shop, www.shtip.com.cn.
Mr. David Chen, Hartcourt's CEO and interim Chairman, comments "Pengyang, the latest addition to the Hartcourt PC distribution network, is expected to be fully integrated into Huaqing operation from day one. This post-merger process demonstrates our successful effort to streamline our organization, expand our product lines, leverage our resources, obtain greater revenue and save operational costs. With the help of other subsidiaries, Huaqing and Pengyang will expand its notebook business aggressively in 2004. Meanwhile, Hartcourt is expecting more similar transactions to fully explore our synergies".
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). 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.
Gruß
Trader
16.12.03 11:35
#9
stratos
news von heute
Press Release Source: Hartcourt Companies, Inc.
Hartcourt Announces Acquisition of Beijing Challenger Group of Companies, Key Distributor of IBM Products
Tuesday December 16, 4:00 am ET
Acquisition Expected to Bring US $65 Million in Revenues and US $1.22 Million in Net Income
LOS ANGELES, Dec. 16 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT - News; Frankfurt: 900009), www.hartcourt.com , China's fastest growing IT distribution and retail company, announced today that it has signed a definitive agreement to purchase 51% percent of Beijing Challenger group of companies, comprised of four wholly owned companies located in Beijing and one located in Shanghai. The Challenger acquisition effectively placed Hartcourt into the Top 5 ranking in the IT distribution and retail sector and its entry into the very important Northern China market.
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The purchase price for 51 percent of Challenger is 31.3 Million RMB (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 5 Million RMB (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.
Started in 1995, Challenger is currently one of the key regional distributors and marketing partners for IBM (www.ibm.com). 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, education, defense, banking, telecommunication and government sectors. Its sales network covers the Northern China market including Beijing, Tianjin, Shandong, Shanxi, Hebei, Henan, and Inner Mongolia.
For the first 10 months of 2003, Challenger recorded combined revenue of RMB 448 mil (US$54.4 Million) and profit of RMB 8.4 mil (US$1.0 Million). Projected revenue and net profit for 2003 are RMB 537.6 Million (US$ 65.2 Million) and RMB10.1Million (US$1.22 Million), respectively. The 5 Hartcourt subsidiaries, Huaqing, Guowei, Newhuasun, Zhongnan, and Pengyang, are projected to reach RMB 1,530 Million (US$185 Million) in revenue and RMB 26 Million (US$ 3.2 Million) in net profit in 2003. The consolidated revenue and earning of these two groups on an annualized basis would be US$ 250.2 Million in revenue and US $4.19 Million in net profit.
Press Release Source: Hartcourt Companies, Inc.
Hartcourt Announces Acquisition of Beijing Challenger Group of Companies, Key Distributor of IBM Products
Tuesday December 16, 4:00 am ET
Acquisition Expected to Bring US $65 Million in Revenues and US $1.22 Million in Net Income
LOS ANGELES, Dec. 16 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT - News; Frankfurt: 900009), www.hartcourt.com , China's fastest growing IT distribution and retail company, announced today that it has signed a definitive agreement to purchase 51% percent of Beijing Challenger group of companies, comprised of four wholly owned companies located in Beijing and one located in Shanghai. The Challenger acquisition effectively placed Hartcourt into the Top 5 ranking in the IT distribution and retail sector and its entry into the very important Northern China market.
ADVERTISEMENT
The purchase price for 51 percent of Challenger is 31.3 Million RMB (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 5 Million RMB (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.
Started in 1995, Challenger is currently one of the key regional distributors and marketing partners for IBM (www.ibm.com). 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, education, defense, banking, telecommunication and government sectors. Its sales network covers the Northern China market including Beijing, Tianjin, Shandong, Shanxi, Hebei, Henan, and Inner Mongolia.
For the first 10 months of 2003, Challenger recorded combined revenue of RMB 448 mil (US$54.4 Million) and profit of RMB 8.4 mil (US$1.0 Million). Projected revenue and net profit for 2003 are RMB 537.6 Million (US$ 65.2 Million) and RMB10.1Million (US$1.22 Million), respectively. The 5 Hartcourt subsidiaries, Huaqing, Guowei, Newhuasun, Zhongnan, and Pengyang, are projected to reach RMB 1,530 Million (US$185 Million) in revenue and RMB 26 Million (US$ 3.2 Million) in net profit in 2003. The consolidated revenue and earning of these two groups on an annualized basis would be US$ 250.2 Million in revenue and US $4.19 Million in net profit.
16.12.03 11:48
#12
stratos
es wird zeit ,
einzusteigen.firmen müssen stellen abbauen,tochterfirmen verkaufen,investitionen aufschieben,ausser hartcourt,die kaufen zu, in einem markt,dem die zukunft gehört(china).hat jemand eine andere meinung?
16.12.03 11:49
#13
Börsenfan
stratos: die letzten Monate ist halt nicht allzu
viel bei Hartcourt passiert, kurstechnisch meine ich. Trotz mehrerer News ließ das die Amis kalt. Denke heute passiert das gleiche.
16.12.03 11:58
#14
stratos
@börsenfan
ich hoffe nicht,denn der kurs ist zu stark in kurzer zeit gestiegen,ferner sind die vorwürfe der sec nocht nicht endgültig geklärt worden,daher immer wieder mit paar prozent gewinnmitnahmen.persönlich halte ich wieder viel von hrct nach den einkäufen.nur eine frage der zeit.
16.12.03 20:59
#16
stratos
@börsenfan
aber,es könnte auch sein,dass der kurs bei 60 us.cent klebt,nur weil die übernahmen durch aktien bezahlt werden,und der kurs meistens um 60 us-cent herum lag.
17.12.03 08:38
#17
Börsenfan
@stratos
könnte schon sein, dass der Kurs bei 0,60 $ gedeckelt wird. Wer weiss.