Hartcourt Announces Appointment of Prominent Chinese Professor to Board of Directors Former Fulbright Scholar and MIT Sloan Graduate Is Currently First
Deputy Dean at Beijing's Tsinghua University
LOS ANGELES, Oct 24, 2000 /PRNewswire via COMTEX/ -- The Hartcourt Companies,Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com today
announced that it has appointed Professor Zhao Chunjun to the company's Board of Directors. Professor Zhao is currently Chairman of the MIS Department and First
Deputy Dean of the School of Economics and Management at Tsinghua University.
Professor Zhao is generally thought to be one of the preeminent thinkers in his field of study and holds various professional memberships including: Chairman,
National Advisory Committee of Management Education in Engineering Universities;
Vice Chairman, National MBA Education Supervisory Committee; Vice Director,
Board of Systems Engineering Society of China; Vice Director, Board of
Information Economics Society of China; and Standing Director, China Information Industry Association.
During his career Professor Zhao has worked as a project leader for the World Bank, a consultant for the Canadian International Development Agency and as a project director for the Beijing State Science and Technology Committee.
Hartcourt Chairman, Dr. Alan Phan, stated, "We are honored to have such a prominent figure of the Chinese academic community joining our team. In China,Tsinghua University is synonymous with Harvard and MIT. Professor Zhao commands
tremendous respect as an advisor to the central government of China on matters of science and technology. Members of the Asian news media frequently mention his name when they refer to the next generation of leaders in China. His
experience and background will provide Hartcourt with tremendous insight as it implements its future activities."
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 complete a series of IPO's or spin-offs
focused on four main divisions: StreamingAsia, the streaming content
(video/audio) web-casting and web hosting leader in Hong Kong; SinoBull
Financial Group, the multi-media financial data provider and online securities
trading platform; Broadband ISP and Internet infrastructure group; and Hartcourt
Capital Inc., the financial E-Finance transactions platform offering online
banking, securities, insurance, equipment leasing, credit, and B2B transaction
settlements.
Detailed information on Hartcourt can be obtained via the company's Web site,
www.hartcourt.com.
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.
CONTACT: Jack Westfield, Vice President, Corporate Finance, The
Hartcourt Companies, Inc., 310-410-7290, JWestfield@Hartcourt.com
URL: http://www.hartcourt.com
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(C) 2000 PR Newswire. All rights reserved.
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