Hartcourt Companies (fka HRCT)

[Penny_4UR_Stocks]

Using a pocket PC with tiny keys, so will be brief. For those interested in FTL, the NASD has asked 2 rounds of questions and there is optomism that an OTC listing may be forthcoming without much additional delay.

HRCT owned 58% of FTL. A 100% ownership position was required for listing. 16M shares of FTL were outstanding. The addnl 42% were purchased with note, which will later be cnvrtd to apprx 10M shares.

The total O/S will be apprx 26M, all dist to HRCT shareholders of record date per previous PR. All shares wiil be in market float.

P4URS