Hartcourt Strengthens Internet Brands SinoBull Group and StreamingAsia for aggressive expansion into China HONG KONG, Sept. 21 /HK PRNewswire/ -- The Hartcourt Companies, Inc. (Nasdaq:HRCT, Frankfurt:HCT) is strengthening the financial structure of its Hong Kong-based subsidiaries SinoBull.com Inc. and StreamingAsia Ltd. as part of its strategy to expand aggressively into China's financial content via all forms of multi-media market including cable TV, print magazine, live data feed and Internet. Hartcourt's strategy involves exploring the possibility of a proposed initial public offering for SinoBull Group and StreamingAsia earmarked for Hong Kong. "We are well-positioned to expand aggressively in the mainland's fast-growing IT market and avail the company into new opportunities presented both prior to and following the approval of the World Trade Organization (WTO)," said Dr. Alan V. Phan, Chairman of Hartcourt. "Our goal is to unlock the full value of our assets which are multi-media and Internet brands with the potential for exponential growth," Dr. Phan said. "One option for strengthening the financial structure of SinoBull Group and StreamingAsia is to raise funds through public listing in Hong Kong, " Dr. Phan said. "We have chosen to list these companies on the GEM Board primarily because of their proximity to our operations in China. There are many analysts following Internet related GEM-listed issues and the investment community in Asia appears to have a better understanding and response to Harcourt's accomplishments in China. Because these two intended offerings bring very unique business models to the GEM Board, we believe we will obtain the highest market valuation of SinoBull and StreamingAsia for our shareholders." SinoBull Group is a premiere financial content distribution company which also maintains the only nationwide secure online stock trading platform in China. Its website, SinoBull.com.cn, was launched in March and is now receiving 2-3 million page views daily, while, StreamingAsia is the leading Internet webcaster providing comprehensive audio and video delivery or streaming solutions to businesses, professionals, organizations, website owners and content publishers. Hartcourt owns 48 percent of SinoBull Group and 50 per cent of StreamingAsia. Contact: Keith Statham Associates PR (member of e2-Capital Group) Tel: 852-2810-8108 Fax: 852-2905-1582 Elaine Chan Tel: 852-2801-0023 [email protected] Tammy Ng Tel: 852-2801-0013 [email protected] SOURCE The Hartcourt Companies Inc