HARTCOURT - Germany/Europe

[McCorry]

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."

klingt gut ;)