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Monday, 09/17/2001 12:04:29 AM

Monday, September 17, 2001 12:04:29 AM

Post# of 92667
E-mail from Dr.Phan..
Dear Friends:

Last week was the most challenging time of my life.
First, I was just landing in Hong Kong on Tuesday
night when the news of the terrorist attack in NY, DC
and Pennsylvania began to unfold. There are no words
that are adequate to describe this horrific tragedy.
Next afternoon, I received the news that a close
friend just passed away in a traffic accident in San
Jose. It was not related to the national tragedy, but
personally, the loss has been equally devastating. It
has never been easy to accept the fragility of our
existence.

All of Hartcourt’s management and employees are
praying for the victims and their families. We
sincerely extend our sympathies to all those affected
by these heinous acts and we want you to know that our
thoughts are with you. The Hartcourt Companies will be
making a donation to the American Red Cross in the
name of those touched by this tragedy. We would like
to take this opportunity to ask Hartcourt shareholders
to contribute in any way they can to help the victims
and those involved in the rescue efforts. In addition,
a fund raising effort is being conducted among the
employees of Hartcourt’s subsidiaries in China and
Hong Kong to contribute money and other resources to
the relief effort being organized by many American
organizations.
A collateral effect of this event is the uncertainty
that now faces the equity markets. We have faith that
cooler heads will prevail and we want to assure our
investors that Hartcourt’s plans continue to be
realized as scheduled. We will not let these
terrorists disrupt our lives and our works.
Hartcourt’s mission and operations remain intact and
progressing as planned. I will be releasing a review
of our operations and pending developments this week
to bring you up to date.
Again, in times like these it is hard to concentrate
on matters of business but though our hearts are
heavy, we must work harder to justify the reason of
our being here. Hartcourt will continue to make
progress in face of all challenge and we are confident
that the sun will always shine brightest after a
storm.
William Penn taught us that,” No pain, no palm; no
thorns, no throne; no gall, no glory; no cross, no
crown.” We have learned the lesson, it’s time we apply
it to the real world.
Sincerely,

Alan


=====
Dr. Alan V. Phan, Chairman
The Hartcourt Companies, Inc.
9800 Sepulveda Blvd. Suite 818
Los Angeles, CA. 90045 USA
Tel: 310 410 7290 Ext 209
Fax 310 410 7297
Web: www.hartcourt.com








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