Hartcourt Companies (fka HRCT)

[Investorman]

I understand the acquisition schedule and how revenues will increase as more subs are added in. We don't have any audited 2002 numbers and no information that would allow us to adeqauately project these for 2003. They could be less or they could be more - we'll see as we go along.

Of course, revenue doesn't mean much without profits. Acquisitions aren't a substitute for real growth as many companies found out during the past 3 years - Cisco included.

The subs need to be massaged because their profit margins are razor thin and inadequate for a growing company.

Cary Grant and George Burns are dead - probably a good thing you aren't them - lol.