according to management, the 2 subs committed that they will deliver 15 million RMB about $2 million USD in 2009. HRCT owns 60% so our revenue for 2009 will be $1.2 million. deliver it and HRCT share price will be 30 cents. fail and it will be 1 cents. exceed that HRCT will hit 50 cents. my guesstimate for the future.
Building upon our accomplishments in the past several months, we are eager to demonstrate additional progress in the near future. We expect to acquire more educational subsidiaries with substantial profits in the coming years.
With the major hindrance behind us and aggressive restructuring and acquisitions under way, we believe Hartcourt can lead the way in delivering exceptional growth, value and opportunity to our shareholders in Fiscal 2009 and beyond