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 |