Hartcourt Appoints Mr. Duc Duong as CTO
Long Beach, CA. 03/23/00 -- The Hartcourt Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today announced that Mr. Duc Duong has been appointed Chief Technology Officer for The Hartcourt Companies. Mr. Duong is the former Director of Technology for Americast (www.americast.com), the joint partnership of Ameritech Corp, BellSouth Corp, GTE, SNET and The Walt Disney Company which provides 100% Digital wireless TV service of up to 160 channels of unmatched picture and sound quality to SBC Communications subsidiaries. Mr. Duong is also the former Operations Manager for Intertainer (www.intertainer.com), the Broadband Entertainment Network providing video on demand movies, music videos, TV shows, concerts and shopping on demand for strategic investment partners Microsoft Corp, Comcast Corp, Intel Corp, NBC, Sony Corporation of America and US West Inc.
Mr. Duong obtained his BS. and MS. degrees in Computer Science from the University of Pennsylvania and has specialized in building network infrastructure for E-Commerce platforms, managing data centers and Web farms for online transactions, and the development of wireless and broadband application delivery systems. Mr. Duong also has expertise in RDBMS database management and programming, Unix systems administration, server and network security, network load optimization, and e-business server applications such as OpenMarket, Dynamo, and Netscape products.
Dr. Alan Phan, Chairman & CEO of Hartcourt, said: "We are building a new team for our expanding operations. With the appointment of Mr. Michael Bianco recently as President and CEO of Sinobull.com and the coming announcement of Hartcourt's new CEO, we shall have among the best talents available to manage the exponential growth of Hartcourt. Mr. Duong will spearhead the task force in implementing the Innostar project, in coordination with Innostar and eSAT Inc. This project is expected to exceed the profit potential of Hartcourt's subsidiary, Sinobull.com, one of the amazing success stories of the China Internet space. We are on our way to achieve great results for this year."
Certain statements in this press 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 achievements expressed or implied by such "forward - looking" statements to differ materially from the "forward - looking" statements.
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