Hartcourt Companies (fka HRCT)

[Minddoc7]

* NEWS *
http://biz.yahoo.com/prnews/010410/latu075.html
--------------------------------------------------------------------------------

Tuesday April 10, 7:02 am Eastern Time
Press Release
SOURCE: The Hartcourt Companies, Inc.
StreamingAsia Names Former Prudential Asia Executive to Board of Directors;
New Director Brings Proven Experience and Business Contacts To Emerging Company
LOS ANGELES, April 10 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that StreamingAsia Holdings Limited, the leading streaming content and web-cast provider in Hong Kong, has appointed Dr. Wallace Ching as an independent, non- executive member to its board of directors. Hartcourt owns a 50% equity interest in StreamingAsia.

Dr. Ching currently serves as the Managing Director of PAMA Group (Hong Kong) Limited, formerly known as Prudential Asset Management Asia Limited, and is in charge of technology-related investment activities. He is responsible for originating, evaluating, structuring and completing private equity and venture capital investment with a technology focus in the Asia Pacific region.

Currently, Dr. Ching is also an assessor of the Small Entrepreneur Research Program (``SERAP'') under the Innovation and Technology commission of the Hong Kong Government.

From 1995 to 1998, Dr. Ching worked for HSBC Private Equity Management Limited as an Associate Director and was responsible for originating, evaluating and executing investment transactions and monitoring investments for regional private equity funds. From 1993 to 1995, Dr. Ching worked for HSBC Asset Management Hong Kong Limited as an Investment Manager. Prior to joining HSBC, he worked for Goldman Sachs & Co. as a fixed income research associate. The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865. HSBC Holdings PLC is one of the largest banking and financial services organizations in the world with 6,500 offices in 79 countries and territories.

Dr. Ching holds a Bachelor of Arts degree in engineering science with first class honors from Oxford University, England, and a PhD. in computer and information science degree from the University of Pennsylvania, United States. He is also a Chartered Financial Analyst.

About Hartcourt

The Hartcourt Companies is a holding and development company that is building a network of Internet and telecommunication service companies in The People's Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Hartcourt's business goal over the next three years is to benefit from a series of IPOs or spin-offs of its core business holdings and investments in Greater China.

Forward-looking statements

Certain statements in this news release may constitute ``forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.

SOURCE: The Hartcourt Companies, Inc.