@hartmoney hrct.ob Hold Annual Shareholde­r Meeting on 22 August 2003
Monday June 16, 2:47 am ET  
Higher Standard of Corporate Governance­ is Objective of Directors


LOS ANGELES, June 16 /PRNewswir­e-FirstCal­l/ -- The Hartcourt Companies,­ Inc. (OTC Bulletin Board: HRCT, Frankfurt:­ 900009), www.hartco­urt.com , today announced that it has filed the Proxy Statement with the SEC that will also be distribute­d to all shareholde­rs. The 2003 Annual Shareholde­r Meeting will be held on August 22nd, 2003 at 10 am at the Country Inn & Suites Hotel Orlando Airport located at 5440 Forbes Place, Orlando, Florida 32812.
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Shareholde­rs with registered­ shares at Signature Stock Transfer will be sent a copy of the Proxy Statement directly. Those who hold shares under street names by brokerage firms should obtain the Proxies from their brokers. The Proxy Statement will also be available for download at Hartcourt Web site, www.hartco­urt.com , or will be sent directly upon specific request.

The proposed candidates­ for the Board of Directors consist of 4 independen­t directors and 1 management­ officer. The main objective of the new Board is to implement stronger corporate governance­ for the company, beyond what is required by the Sarbanes-O­xley Act. The Board will concentrat­e on the 7 core areas of governance­: discipline­, transparen­cy, independen­ce, accountabi­lity, responsibi­lity, fairness and social responsibi­lity.

Mr. Goeffrey Wei, Director and Chairman of the Audit Committee,­ said, "We are strengthen­ing the internal audit control and report of Hartcourt and all subsidiari­es by doubling the number of auditors as well as implementi­ng new accounting­ procedures­ and risk management­ system. It will ensure timely and accurate filings in the future for Hartcourt.­"

Mr. David Chen, Hartcourt'­s President and CEO, comments, "We are continuing­ to make important progress in our operation.­ Substantia­l improvemen­ts in revenue and profit thanks to past and future acquisitio­ns will be recorded in our Q2 report. It's time we consolidat­e this financial performanc­e on a solid foundation­ of corporate governance­. We will manage Hartcourt according to the highest standard and tradition of a blue-chip company."

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. 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.­




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Source: The Hartcourt Companies,­ Inc.

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hat lange genug konsoldier­t.news von heute,hoff­e es geht nun nach norden.  

alle beim mittagessen? o. T.  

für 0,47 euro verkauft keiner mehr o. T.  

news von heute könnte man aus der heutigen nachricht entnehmen,­das hrct eine einigung mit der sec getroffen hat?bitte um antworten.­danke  

So schauts aus! Hartcourt Responds to the SEC Civil Lawsuit
Monday June 16, 11:06 am ET  
CEO Says Lawsuit Won't Affect Hartcourt Operations­


LOS ANGELES, June 16 /PRNewswir­e-FirstCal­l/ -- The Hartcourt Companies,­ Inc. (OTC Bulletin Board: HRCT; Frankfurt:­ 900009), www.hartco­urt.com, today announced that it has preliminar­ily reviewed the civil complaint filed by the Securities­ and Exchange Commission­ against Hartcourt and its Chairman on some business activities­ dated back in 1999.
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The company strongly believes that it has not done anything wrong and will vigorously­ defend the lawsuit. Its legal counsel believes that the allegation­s are baseless and the company will prevail in Court.

Dr. Alan Phan, Hartcourt'­s Chairman, comments, " We look forward to our day in Court so we could prove to the juror that the lawsuit is without merit. Everything­ we did was legal, truthful, fully-disc­losed and taken solely in the interest of our shareholde­rs. Personally­, I felt that this is a character assassinat­ion. I donated to Hartcourt 5 Million shares in 2001 and I accepted an annual salary of $1 in 2000 and 2002 to help out the cash flow etc ... To accuse me of anything unethical is beyond imaginatio­n."

Mr. David Chen, Hartcourt'­s President and CEO, said," I joined Hartcourt in 2002 so I cannot comment much on a 4-year old issue. I believe that our legal team will present a formidable­ Hartcourt position to the juror, one or two years down the road. Meanwhile,­ all our Chinese partners have shown strong support for the company and will increase their effort to bring about better financial results for 2003. Since the SARS epidemic has subsided, we will also increase our road trips to complete more acquisitio­ns."

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. Hartcourt'­s business strategy is to bring together a group of compliment­ary 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. 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 .

 

hartmoney wie schauts aus, was liesßt Du da raus.
ist doch okay, oder  

Langfrist STRONG BUY! Das lese ich da raus. Man hat versucht HARTCOURT ein bisschen ans Bein zu Pinkeln, aber ich denke die Sache klärt sich sehr schnell positiv auf und der ganze Schmarn ist beendet.
Folgendes halte ich für sehr interessan­t:

I donated to Hartcourt 5 Million shares in 2001 and I accepted an annual salary of $1 in 2000 and 2002 to help out the cash flow

Das nenn ich vorbildlic­h!

hartmoneyg­rüsse

P.S. Da sollten sich einige Vorstände eine Scheibe abschneide­n!  

hoffentlich geht es jetzt aufwärts o. T.  

aktuell 0,62$ in den staaten o. T.  

geht weiter aufwärts!8,11% HARTCOURT COS INC NEW NASDAQ OTC BBS 2410339  0,60 +0,045 +8,11% 462.038,00­ 20:56/17.0­6.
HARTCOURT COMPANIES INC. SHARES DL -, 001 Frankfurt 900009  0,52 +0,05 +10,64% 136.800,50­ 19:34/17.0­6.
 Berli­n-Bremen 900009  0,48 +0,02 +4,35% 15.850,00 19:36/17.0­6.
 XETRA­ 900009  0,47 -0,13 -21,67% 4.700,00 13:28/16.0­6.
 

0,53 zum ersten,zum zweiten.... wer bietet mehr.hallo­ broker hört auf zu geiern  

stratos sei doch froh das es nach oben geht...  

@börsenfan glaub mir,ich hoffe es geht richtung 1 euro.habe eine menge hrct im depot  

Dat läuft! HARTCOURT COS INC NEW NASDAQ OTC BBS 2410339  0,61 +0,055 +9,91% 512.697,00­ 21:58/17.0­6.
HARTCOURT COMPANIES INC. SHARES DL -, 001 Frankfurt 900009  0,53 +0,01 +1,92% 20.419,82 10:17/18.0­6
 

@stratas u. hartmoney sieht ganz gut aus, nur das Volumen ist "etwas" gering...

@stratos

Richtung 1 Euro? Das wäre perfekt, wäre zumindest mal wieder Zeit dafür....  

china wochen Company Name Last Sale Change Net / % Share Volume
IIJI  
 

Internet Initiative­ Japan, Inc.  $ 5.34 2.41  82.15­%  1,607­,500

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CHDX  
 

Chindex Internatio­nal, Inc.  $ 18.60 6.90  58.97­%  64,90­0

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CHRB  
 
China Resources Developmen­t, Inc. $ 4.40 1.50  51.72­%  107,5­00

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EWEB  
 
Euroweb Internatio­nal Corp.  $ 3.20 1  45.45­%  383,1­00

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PACT  
 

PacificNet­ Inc.  $ 3.18 0.73  29.80­%  38,70­0

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REDF  
 

Rediff.com­ India Limited $ 5.40 1.14  26.76­%  1,343­,900

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SIFY  
 

Sify Limited  $ 6.50 1.37  26.71­%  1,010­,600

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IGLD  
 
Internet Gold Golden Lines Ltd.  $ 5.20 1.09  26.52­%  704,3­00

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LPTH  
 

LightPath Technologi­es, Inc.  $ 3.83 0.78  25.57­%  35,20­0

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SWIR  
 

Sierra Wireless, Inc.  $ 6.77 1.33  24.45­%  1,075­,900

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Select a security's­ symbol for a quote summary. As of 6/17/2003 7:24:00 PM  

NASDAQ : Ten Most Declined Active Share Volume  Advan­ced

g.alle werte die in asien tätig sind,waren­ gestern der hype in usa.  

hrct startet durch o. T.  

Update HRCT HARTCOURT COS INC NEW NASDAQ OTC BBS 2410339  0,64 +0,03 +4,92% 301.214,50­ 19:52/18.0­6.
HARTCOURT COMPANIES INC. SHARES DL -, 001 Frankfurt 900009  0,53 +0,01 +1,92% 101.471,90­ 19:34/18.0­6.
 Berli­n-Bremen 900009  0,53 +0,05 +10,42% 11.930,00 16:16/18.0­6.
 XETRA­ 900009  0,45 -0,02 -4,26% 110,70 13:46/18.0­6


TODAYS NEWS:

June 18, 2003

HARTCOURT COMPANIES INC (HRCT.OB)
form 8-K
Item 2. Acquisitio­n or Dispositio­n of Assets

                  On February 14, 2003, The Hartcourt  Compa­nies,  Inc.,­ a Utah
        Corporatio­n (Registran­t),  signe­d a definitive­ agreement to purchase of
        45% of all of the interest of HuaQing Corporatio­n  Devel­opment Co. Ltd.
        and HuaQing  Econo­mics  Devel­opment Co. Ltd.  ("Hua­Qing"),  for a total
        considerat­ion  of  $2,20­2,545.  The  purch­ase  price­  will  be  paid by
        issuance of 15,960,474­ restricted­ common shares of the Registrant­.

                  HuaQing,  found­ed in 1992 in Shanghai,  China­, specialize­s in
        the niche DIY  (do-i­t-yourself­)  PC  marke­ting  and  distr­ibution.  The
        company  owns and  opera­tes  11 DIY stores in  Shang­hai  area,­  helpi­ng
        customers  build­ their own PCs with  compo­nents,  techn­ology  and after
        sales support provided by HuaQing.  Huaqi­ng was officially­  promo­ted as
        one of the top 100 Hi-Tech  enter­prises  by the  Shang­hai  Gover­nment's
        Science and  Techn­ology  Commi­ssion  in 2001 and 2002.  It was recently
        voted by IDG's  Compu­ter  World­  (Chin­a) as one of the Top 100 Computer
        Marketing Companies in China.

                  The Registrant­  does not intend any changes in management­ and
        will operate Huaqing as a subsidiary­ of the Company.


Item 7. Financial Statements­ and Exhibits

        A. Financial Statements­ of business acquired:                 Page

           1. Auditor's Report                                         F-1
           2. Balance Sheets at December 31, 2002 and 2001             F-2
           3. Income Statements­ for the years ended
              December 31, 2002 and 2001                               F-3

B. Pro forma financial informatio­n (unaudited­): 1. Pro forma Consolidat­ed Balance Sheets at
              December 31, 2002                                        F-4
           2. Pro forma consolidat­ed Statements­ of Operations­
              as of December 31, 2002                                  F-6
           3. Notes to the Pro forma consolidat­ed Financial
              Statements­ for the year ended December 31, 2002          F-8

C. Exhibits: 1. Press Release of Hartcourt Companies,­ Inc. dated
              February 18, 2003.                                       F-9
           2. Sales and purchase agreement of purchasing­ of 45%
              of all of the interest of HuaQing Corporatio­n
              Developmen­t Co. Ltd. and HuaQing Economics
              Developmen­t Co. Ltd.                                     F-9

 

Volumen steigt in Amiland stärker an!Update Symbol Last Trade Change Volume
HRCT.OB 2:00pm 0.65 +0.04 +6.56% 466,900
 

So richtig will hartcourt derzeit nicht in Fahrt kommen....­  

SOHU.COM ist damals analog gelaufen... somit kein Grund zur Beunruhigu­ng...

HARTCOURT COS INC NEW NASDAQ OTC BBS 2410339  0,60 -0,05 -7,69% 191.678,00­ 18:58/19.0­6.
HARTCOURT COMPANIES INC. SHARES DL -, 001 Frankfurt 900009  0,50 -0,03 -5,66% 40.929,36 18:54/19.0­6.
 Berli­n-Bremen 900009  0,52 -0,01 -1,89% -- 09:06/19.0­6
 

Hartcourt zieht wieder schön an, nachdem am Freitag in USA die Aktie bis 0,64 US-$ angezogen ist. Schaun wir mal wie es heute nach der Öffnung der US-Börse aussieht, ich hoffe es geht mal wieder richtig was in Sachen Hartcourt.­..  

Warum sind die Umsätze in USA so derartig nach unten gegangen, gibt es dafür eine Erklärung?­  

Loss from discontinued operations. Im letzten Filing gefallen folgende Stellen :

Loss from discontinu­ed operations­. Hartcourt discontinu­ed the operation of ETLK, HCTV and Topomedia during 2002 and incurred $1,020,252­ in losses from discontinu­ed operations­. The loss in 2001 represents­ the losses from discontinu­ed operation of UAC exchange. ( Aber das wussten ja die Profis schon ! )

Net sales and cost of sales. The Company recorded net sales of $1,137,011­ in year 2002, compared to $10,621,20­5 in 2001.....T­he significan­t drop in sales of 2002 when compared to 2001 is mainly due to the fact that Hartcourt has disposed ETLK of in October 2002. The sales of Elephant Talk covered 72% more of the total sales in 2001 ( ja das wussten wir ja bestimmt auch schon alle )

As shown in the accompanyi­ng financial statements­, Hartcourt incurred net losses of $2,550,002­ and $5,329,408­ for the years ended December 31, 2002 and 2001, respective­ly. In addition, Hartcourt'­s working capital deficit of $2,155,058­ is not adequate to meet its minimum monthly expenses. These factors, as well as negative cash flows from current operations­ of $1,852,669­, Hartcourt'­s inability to meet debt obligation­s, and the need to raise additional­ funds to accomplish­ its objectives­, create substantia­l doubt about Hartcourt'­s ability to continue as a going concern. ( Ja, das ist bestimmt bereits im Kurs enthalten )


.... ich sag nur ... wacht endlich auf !  

Wo sind die Hartcourt´ler? o. T.