Hartcourt Companies (fka HRCT)

[Investorman]

I am saying that HRCT used the word in that context in their PR about acquiring the subs. No where is there any reference about merging with the parent company.

Victor Zhou, CEO of the Company, commented, “The acquisition is part of ongoing strategy to build up the operating assets of the Company in vocational education business. I believe the merger and acquisition will considerably change the Company both in business and its earnings in coming years. Given the size and substantiality of the deal, we have sent a big due diligence team to Chongqing and started to prepare a proxy statement, which will be sent out to fellow shareholders.”