Friday March 22, 12:00 am Eastern Time Press Release SOURCE: The Hartcourt Companies, Inc. Hartcourt Subsidiary, Sinobull Financial Group, to Launch MetaStock and Sinobull Wireless Internet at Securex Show in Shanghai LOS ANGELES, March 22 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com, announced today that its subsidiary, Sinobull Financial Group, www.sinobullfinancial.com, will exhibit its products at the Securex show in Shanghai. Securex, http://luyan.sohu.com/securex/web/nae1.htm , is China's most popular financial products and services exhibition. Sinobull will use this occasion to showcase its newest products: MetaStock of Equis/Reuters and Sinobull Wireless Internet. Organizers expect over 80,000 investors to attend the show from Friday March 22 to Sunday March 24, 2002.
Sinobull Group has recently completed, and is now ready to market, the Chinese version of the MetaStock software, the world's leading technical analysis and charting software. MetaStock has won the Technical Analysis of Stocks and Commodities magazine's Reader's Choice award for analysis software the past 8 years running. Sinobull has converted the MetaStock software to localized language and programming to make it accessible to millions of Chinese investors demanding professional financial tools to manage their trading activity and portfolio positions. Sinobull Group is an exclusive Greater China distributor of MetaStock, appointed by Equis (www.equis.com), a wholly-owned subsidiary of Reuters (Nasdaq: RTRSY - news).
Sinobull Group will also introduce Sinobull Wireless Internet, a powerful wireless application using ``Streaming Mobile Application Real-Time Technology'' (SMART) to provide streaming, automatically updating, stock market information in real-time over wireless devices from mobile phones, pagers to PDA's. Through Java programs, SinoBull Wireless Internet updates stock market information automatically, anytime, anyplace, with the latest Hang Seng Index, stock quotes, FX quotes, transaction volumes and chart analysis.
Mr. Stephen Tang, CEO of Sinobull Financial Group, comments, ``Sinobull Financial Group continues to develop its position as a premier financial information and service provider for leading institutions and retail investors. These new products were created to meet the demand of China's investors for reliable, professional financial information, and equity and portfolio management software. Our launching of SinoBull Wireless Internet and the Chinese MetaStock software demonstrates our continuing commitment to develop innovative and market leading financial management services and technology.''
The Hartcourt Companies has announced that it will publicly divest its Sinobull Financial Group subsidiary in a reverse merger with Global Telephone Communications Inc. (OTC Bulletin Board: GTCI - news). The reverse merger will result in Sinobull Financial Group actively trading on the U.S. equity markets and is pending SEC approval.
About Sinobull Financial Group
Sinobull Financial Group develops financial technology, financial operating platforms and internet-based financial services. Sinobull's operating companies include: Shanghai Sinobull Information Company Ltd. (formerly Shanghai Guo Mao Science & Technology Company Ltd.), Sinobull Network Technology Company Limited (formerly Beijing Shangdi Net Technologies Center Company Limited), Financial Telecom Ltd, Fintel Wireless Ltd., Ton Bo Software, HCTV Financial TV Channel Ltd. and Sinobull Magazine Ltd. Sinobull.com is a financial information and stock trading website. Sinobull Group and its strategic partners provide news, data and analysis to the business community and media outlets. Services include: real-time pricing, historical pricing, indicative data, analytics and electronic communications. Clients include China's investment institutions, commercial banks, government offices and agencies, corporations, and news/media organizations. www.sinobullfinancial.com
Forward Looking Statement
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 conditions 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' 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 Lexington Enterprises Ltd. Suite 204, 910 Richards Street Vancouver, BC V6B 3C1 Email: info@lexingtonenterprises.com Telephone: 604.484.8286 Fax: 604.484.8287
Jerome ~ shareholders only approved in December.... now I'm not that good at math.....but, looks like approx. 2 1/2 months to me. I think we'll see something VERY definitive within the next 30 days...or so. EZ
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