Elephant Talk Communications, Inc. (ETAK)

[Investorman]

Shareholder Letter from Mr. Russelle Choi
07 Feb 2002
Welcome, first I would like to say that these first weeks of being a public company have been an exciting and rewarding time for our organization. I would like to thank the investors in Hartcourt and ETLK for their support and I can assure you we are working extremely hard to build on our success as we move confidently and aggressively into the future. The ETLK team has done an excellent job of consolidating information on our company's operations into an investor friendly format, and I highly recommend you take the time to read the following summary. I believe it will provide you with a renewed appreciation for your investment in Elephant Talk and in Hartcourt.


Best Regards,
Mr Russelle Choi




Issued by Elephant Talk Limited
Issued Date 07 Feb , 2002
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