Hartcourt Companies (fka HRCT)

[Chinaente]

I just received this answer !


Dear Mr. XXXX,

Thank you for writing to us.

We understand your concern over Hartcourt. The plan to move into profit segment of the IT industry has never changed. The management is now working on a few acquisition deals. Acquisition is a complex process and China's unique legal, business and industry environments make the work more complex than in a Western country. It does take time to negotiate complex deals, especially for a sizeable deal. We ask for your patience and understanding.

Hartcourt changed its fiscal year, the next deadline for the 10K is Aug 30th.

Thank you for your continuous support.

Hartcourt Companies, Inc.