Staruni Corporation (SRUN)

[cjp01]

About Elephant Talk...

ElephantTalk Limited ("ET" or the "Company"), which has become a member of the Hartcourt Companies (http://www.hartcourt.com), commenced operations as an international long distance services provider in late 1994 by establishing and operating hubs in Hong Kong and the US as its gateway to the North American and World carrier markets. The Company is a facility-based international long distance carrier offering highly reliable, low-cost switch-voice services on both wholesale and retail market.

The basic strategy of the Company for competition is to leverage its expertise and established relationships with carriers in the Asian-Pacific region to pursue early entry into selected deregulating markets. As part of the execution of its strategy, the Company has also successfully signed service agreements and is currently implementing the interconnections with top North American carriers like AT&T, WorldCom and Teleglobe for their terminating their minutes in Asia-Pacific region with ElephantTalk.

The Company has targeted Asia Pacific and North America as its primary service regions. In addition, ET has been one of the few pioneers in developing a successful business relationship with various National PTTs or Competitive Carriers in the Asia-Pacific countries, especially China - the world's fastest growing telecommunication market. Currently the Company provides international long distance service for its carrier customers on both sides of the Pacific to over 220 foreign countries through a flexible network comprised of resale arrangements with long distance providers, leased transmission facilities, various foreign termination relationships and international gateway switches.

ElephantTalk, as a licensed ISR carrier with its US based facilities, carrier interconnection, special terminal arrangements and existing circuits between US and Hong Kong aims to provide the best price and first-mover advantages for Hong Kong based carriers.

ElephantTalk at work By integrating the most advanced and sophisticated telecommunication technologies from USA, ElephantTalk brings to Hong Kong people a wide variety of and a more complete international telecommunication services.