Hartcourt Companies (fka HRCT)

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HRCT NEWS!!Thursday June 6, 1:01 am Eastern Time
Press Release
SOURCE: Elephant Talk Communications, Inc.
ElephantTalk and ChinaRailcom Jointly Announce Partnership To Deliver Global VoIP Services and Pre-paid Calling Cards
ElephantTalk Continues Expansion Into China
LOS ANGELES, June 6 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (OTC Bulletin Board: ETLK - News) and China Railway Communication Co. Ltd, one of China's largest telecom operators, today announced a partnership to deliver Voice over Internet Protocol (VoIP) services and to market pre-paid calling cards via a global network of retail and reseller channels. ElephantTalk is a subsidiary of The Hartcourt Companies (OTC Bulletin Board: HRCT - News).

Under the terms of the partnership, both companies will join forces to operate VoIP services, which will be implemented with a special emphasis on the Greater China and North American regions. The partnership will provide ChinaRailcom's switched carrier-grade infrastructure in the PRC with access to ElephantTalk's global IP network. ElephantTalk will have similar access to ChinaRailcom's networks throughout China. In return, ElephantTalk will contribute its expertise on voice communication, engineering knowledge and global telecom connections to the partnership.

To facilitate public users adopting the new service, it is planned that a full spectrum of pre-paid calling cards will be launched via the retail and reseller channels of both parties. ChinaRailcom, a fully-licensed operator in China, will market the co-branded products via its retail chains, while ElephantTalk will contribute its reseller channels in the United States and major cities internationally.

"ChinaRailcom is a perfect partner with its solid infrastructure foundation, complemented with its comprehensive network of operating centers and sales channels in the competitive deregulated market," said Mr. Russelle Choi, President and CEO of ElephantTalk. "The partnership signifies the fusion of technical and marketing expertise of both parties and is designed to service the rapidly expanding demand from both corporate and residential customers."

ChinaRailcom, registered with the State Administration for Industry and Commerce in China, is a large state-owned telecommunication operator established with the approval of the State Council and approval of the Ministry of Information Technology and Telecom Industries. ChinaRailcom has now set up a long-distance communication network, a local switching network, a data network and a paging network, all of which are of considerable scale and leaders in network integrity, coverage and technical facilities.

ElephantTalk's networks possess cutting edge technology, are scaleable for clients, and are capable of receiving virtually all signaling systems used in the industry. The flexible systems architecture is designed to easily integrate and support advanced VoIP services. This partnership with ChinaRailcom continues to build the Company's strategy to develop itself as a leading global ITSP (Internet Telephony Service Provider). ElephantTalk has recently reached strategic agreements with JiTong Network Communications Company Limited ("JiTong") and China Netcom Corporation Limited ("CNC"), and is acquiring regional operators like GridTel.Net Limited to expand its reach throughout Greater China and Asia.

About ElephantTalk

Elephant Talk Communications, Inc. is a leading telecommunications company established in 1994, located and operated in Hong Kong with offices in Cerritos, CA. The company owns switching facilities in China, Hong Kong, U.S., Taiwan and Singapore. ElephantTalk operates international long distance services on both sides of the Pacific to over 220 foreign destinations. They enable telecommunications carriers and other service providers the ability to offer long distance voice, data, fax, and VoIP services to their end- customers, through an advanced and scaleable network. More information on ElephantTalk can be found at www.elephanttalk.com . 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 condition 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.

For more information please contact: Larry Kristof, Vice President of Lexington Enterprises Ltd., Suite 204, 910 Richards Street, Vancouver, BC V6B 3C1, E-mail: [e-mail] Tel: [phone].

SOURCE: Elephant Talk Communications, Inc.