(PR NEWSWIRE) Financial Telecom, a Hartcourt Subsidiary, to Provide Content F Financial Telecom, a Hartcourt Subsidiary, to Provide Content For Shanghai Net Bank's Cable TV Programs
FTL Also Signs Agreement to Provide Data for Mobile Phone Network And Wireless PDA Of Wise Spot (HK)
LOS ANGELES, March 28 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com , announced today that its Hong Kong subsidiary, Financial Telecom Ltd. (FTL), http://www.fintel.com , has signed an agreement to provide financial data and reports to Shanghai Net Bank, Ltd. Shanghai Net Bank has a contract with Shenzhen Cable Broadcasting & CATV to operate a daily show on financial matters. FTL has also signed a contract with Wise Spot to provide similar services for the Wise Spot network of mobile phones and wireless PDA. The FTL data feed will include real time quotes, news, indicators, charts, commentary, and expert analysis of all data and information related to the Hong Kong Stock Exchange, Hong Kong Futures Exchange, and Foreign Exchange Spot rates. Mr. Stephen Tang, CEO of FTL comments, "Sinobull Financial Group continues to develop its position as a premier financial information and service provider for leading institutions and retail investors. Shenzhen Cable TV Broadcasting and Wise Spot 's wireless network represent the first, of what we anticipate will be many, additional long-term clients for our rapidly expanding Sinobull operations." Hartcourt has announced that it will publicly divest its Sinobull Financial Group subsidiary in a reverse merger with Global Telephone Communications Inc. (OTC Bulletin Board: GTCI). The reverse merger will result in Sinobull Financial Group actively trading on the U.S. equity markets. For details on Sinobull Financial Group, please visit, www.sinobullfinancial.com .
About Hartcourt The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt's operative business strategy is designed to facilitate a series of venture divestitures via IPO or public merger to fully realize the value of these assets for its investors. Detailed information on Hartcourt can be obtained via the company's Web site: www.hartcourt.com .
About Sinobull Financial Group Sinobull Financial Group develops financial technology, financial operating platforms and internet-based financial services. Sinobull's operating companies include: Shanghai Sinobull Information Company Ltd. (formerly Shanghai Guo Mao Science & Technology Company Ltd.), Sinobull Network Technology Company Limited (formerly Beijing Shangdi Net Technologies Center Company Limited), Financial Telecom Ltd, Fintel Wireless Ltd., Ton Bo Software, HCTV Financial TV Channel Ltd. and Sinobull Magazine Ltd. Sinobull.com is a financial information and stock trading website. Sinobull Group and its strategic partners provide news, data and analysis to the business community and media outlets. Services include: real-time pricing, historical pricing, indicative data, analytics and electronic communications. Clients include China's investment institutions, commercial banks, government offices and agencies, corporations, and news/media organizations. www.sinobullfinancial.com
Forward Looking Statement The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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Larry Kristof Lexington Enterprises Ltd. Suite 204, 910 Richards Street Vancouver, BC V6B 3C1 E: firstname.lastname@example.org T: 604.484.8286 F: 604.484.8287
CO: Hartcourt Companies, Inc.; Financial Telecom Ltd.; FTL; Shanghai Net Bank, Ltd.; Shenzhen Cable Broadcasting; CATV; Global Telephone Communications Inc. ST: California, China IN: FIN TVN TLS ENT OTC MLM STW ECM SU: PDT TNM *** end of story ***