HRCT To Divest Subsidiary In Reverse Merger With GTCI
Ridgeland, MS, MAR 28, 2002 (EventX/Knobias.com via COMTEX) -- Hartcourt Companies Inc (OTCBB:HRCT) is trading flat in the session on light volume.
Global Telephone Communications Inc. (OTCBB:GTCI) is trading higher in the session on volume that is on pace to exceed its 20-day average daily share volume.
In a press release issued today, Hartcourt Companies, Inc. (OTCBB:HRCT) announced that it will publicly divest its Sinobull Financial Group subsidiary in a reverse merger with Global Telephone Communications Inc. (OTCBB:GTCI). According to the release, the reverse merger will result in Sinobull actively trading in the US equity markets.
Date/Time of Daily Brief: 03-28-2002 10:59 ET Company: GTCI - Global Telephone Communication Inc Stock Price @ Publication: $ 0.037 Volume @ Publication: 86,400
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