Hartcourt-News

SinoBull Group Introduces Comprehensive China-Wide E-Finance
                 Platform at Beijing Ceremony

                 BusinessWire
                 Friday July 7 7:01am

                    BEIJING--(BUSINESS WIRE)--July 7, 2000--

                             SinoBull.com Launch Event Attracts Participants
                           From Leading Chinese Ministries, Media and Industry

                 The Hartcourt Companies Inc. (OTC:HRCT) (Frankfurt:HCT),
                 www.hartcourt.com, today announced that its subsidiary group, headed by
                 SinoBull.com Inc., has officially launched the most comprehensive China-wide
                 E-finance platform catering to the Chinese financial and investment industries.

                 In addition to quality financial news, real-time market data, financial analysis and
                 commentary via the SinoBull portal, www.sinobull.com.cn, the SinoBull platform
                 enables brokerages to provide their clients with the ability to securely trade
                 securities online. The news conference was held on July 6, 2000, in the
                 multi-media conference room of the Shangri-La Hotel in Beijing.

                 The company's E-finance platform is integrated with a variety of the most
                 advanced Internet, telecommunication and wireless access systems available on
                 the market today. Financial IT solutions are being developed and customized by
                 SinoBull.com's subsidiaries for leading securities brokerages, investment firms,
                 banks, as well as media companies throughout Greater China.

                 Access methods and devices linking to the SinoBull platform include PC, data
                 terminal, PalmOS & Windows CE-based Personal Digital Assistants (PDAs)
                 bi-directional pagers, "Stock Easy" cable TV set top boxes, "Pocket 162"
                 handheld PC, and SIFTT's co-developed enhanced Nokia 7110 line of mobile
                 phones & future models of WAP-enabled Nokia devices. With over 200
                 participants, the SinoBull launch ceremony and news conference boasted
                 attendees including government officials, corporate executives and dignitaries
                 from the following organizations:

                 China Securities Commission, China Association of Securities Industry, Ministry
                 of Information Industry (MII), China Telecom Data Communication Bureau,
                 Beijing Government Science and Technology Committee, China Telecom, Jitong
                 Telecom, China Unicom, China Securities, Guosen Securities, Xiangcai
                 Securities, Shouchuang Securities, South China Securities, Yinghe Securities,
                 Zhongxing Securities, Beijing Securities, Zhongkexing Securities, People's Bank
                 of China, Bank of China, Commerce Bank of China, Communications Bank of
                 China, Construction Bank of China.

                 Yahoo! China, Sina, Sohu, IBM China, HP China, InnoStar High Tech City,
                 Legend Group, Homeway, Capital Online, China Futures and Commodities
                 Group, CCTV (China Central Television), Beijing TV, People's Daily,
                 International Finance News, Xinhua News Agency, Guangming Daily, Economy
                 Daily, China Securities Daily, Workers' Daily, China Youth Daily, Science and
                 Technology Daily, Beijing Evening Daily, Beijing Youth Daily, Securities Times
                 Weekly, Securities Daily (also known as Financial News), Beijing Morning
                 News, China Airline Daily, China Daily, and many others.

                 Michael Bianco, CEO of SinoBull.com Inc., stated, "We celebrate the official
                 presentation of our comprehensive China-wide E-Finance Platform today to
                 China's securities and banking industries. The introduction allows the SinoBull
                 Group to showcase our state of the art technology and range of products and
                 services to our potential clients and strategic partners. Through the strengthening
                 of our strategic partnerships and the expansion of services our employees are
                 offering to our customers and vendors we are steadily increasing the scope of our
                 value added services to the populace of China."

                 Alan Phan, Chairman and CEO of The Hartcourt Companies, Inc. added, "The
                 Information Technology revolution has quickly expanded all over the world. With
                 a quarter of the world's population, China has set to make E-business the
                 fundamental piece of its new economy. We are very excited that we are the
                 foremost American company to directly contribute and participate in the
                 development of infrastructure for China's new financial networks."

                    About The SinoBull Group

                 SinoBull Group is a financial technology developer, integrator and Internet
                 service provider, which enables China brokerage and banking firms to provide
                 online stock trading to its customers, over SinoBull.com's secure nationwide
                 Virtual Private Network UAC162 (which is separate from the Internet). With
                 much concern and restriction to Internet-based trading in China, the
                 SinoBull.com portal acts as a secure docking station between the Internet and the
                 UAC162 intranet, providing the best of both worlds (Internet access by investors
                 to input trade decisions & transactions delivered and processed over a secure
                 network by correspondent brokerages).

                 SinoBull's clients are leading securities firms in China, including giant China
                 Securities (Hua Xia Securities, www.csc.com.cn), Guosen Securities
                 (www.guosen.com.cn), Xiangcai Securities (www.xcsc.com) and Anshan
                 Securities. SinoBull is being recognized as a leader in providing financial
                 information on China's financial markets through its content sharing relationships
                 with Yahoo! China (http://cn.yahoo.com/fnews/sinobull) and China's The
                 People's Daily.

                    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. Its mission is to
                 become one of the leading broadband applications infrastructure providers in
                 Asia, including developing broadband networks and vertical market focused
                 contents for broadband applications. Detailed information on Hartcourt can be
                 obtained via the company's Website, 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.

                 The Financial Relations Board, Inc. serves as financial relations counsel to this
                 company and is acting on the Company's behalf in issuing this bulletin and
                 receiving compensation therefor. The information contained herein is furnished for
                 information purposes only and is not to be construed as an offer to buy or sell
                 securities.

                 Contact:
                        Hartcourt Companies
                 
                        Jack Westfield, 310/410-7290
                 
                        or
                 
                        The Financial Relations Board
                 
                        310/442-0599
                 
                        Kristen Kopay (General Information)
                 
                        Carl Dameron (Media Contact)
                 
                        Ed McNally (Investor/Analyst Contact)



                 Source: BusinessWire