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August
04, 2000
Kit: Following your opening notice about NAELB's new "Post It" you have the UAEL
website address. I'm sure this is just a typo! Thank
you once again for all of the updates. Cindy
Cynthia Spurdle cspurdle@dellnet.com Wow!!!
Only Cindy, former NAELB exec. dir. would catch this. I am sure Ray Williams was
happy about it. But
let me correct my error. editor --------
NAELB "Post It" for Members Only WORTH ANNUAL BROKER DUES of $295---If you haven't
joined for the many other reasons, this alone is worth the yearly dues. www.naelb.org
for membership application . If
you are a member and cannot get on line, I will e-mail you the procedure to make
it easier for your to connect. You must be a member of NAELB. They will filter
your name out, if you are not a member. This
is not just who was named president of what corporation or what stock sold or
didn't sell or send me some business, this is real "street fighter" news. There
are many other reasons to join NAELB, but this one alone is worth the $295 annual
dues ( the lowest in the industry ). Kit
Menkin This
is a question---a bulletin board question My
name is Ross Reida and I am a principal in Advantage Equipment Leasing, LLC. We
are located in Vancouver, Washington and are in our 5th year of business as an
equipment leasing brokerage. Your name was given to me by Jim Reynolds of World
Financial out of Texas.
Have you ever heard of a company called LeaseCapital out of Huntington Beach,
CA? The principal is Martin Barteske. Please
respond to kitmenkin@leasingnews.org
Including
Equiment Leasing----In China Hartcourt
Capital Inc. Formed to Handle Online Financial Transactions; New Subsidiary Will
Be Headed by Former CEO of Sinobull Group LOS
ANGELES, Aug. 4 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board:
HRCT; Frankfurt: HCT) www.hartcourt.com , today announced the formation of a new
wholly-owned subsidiary, Hartcourt Capital Inc., whose goal is to create a premiere
online financial transactions company in Greater China. Hartcourt
Capital's focus is to develop and operate online financial services such as online
banking, online insurance, online brokerage, online lending etc. ... The new entity
is already involved in negotiations to purchase a financial services company in
Hong Kong to use as the model platform for more acquisitions and joint ventures
in Greater China. Mr.
Michael Bianco, a well-known investment banker in Silicon Valley, was appointed
to the position of CEO of Hartcourt Capital, Inc. Mr. Bianco was the former CEO
of another Hartcourt subsidiary, Sinobull Financial Group. He was replaced by
Mr. Allan S.S. Yuen who is a respected entrepreneur in Hong Kong and China. Prior
to joining Sinobull Group, Mr. Bianco was CEO of American Capital Markets Corp,
Managing Director of Arthur Anderson's Corporate Financial Consulting Corp. and
President of Loeb Rhoades Securities Corp. He was a banker since 1968, working
for Chase Manhattan Bank, Security Pacific Bank, Bank Of California, Barclay's
Bank and The Hibernia Bank. Dr.
Alan V. Phan, Chairman & CEO of Hartcourt, said, "Online financial transactions
are the most profitable sector of E-Commerce. We believe that any company wanting
to achieve success in this market must have strong fundamentals in assets, revenue
and earning. Hartcourt Capital will follow this business model and should contribute
significantly to the operating results of the parent company. Our business plan
is fortified by the dominant marketing position of Sinobull Group in China, along
with their existing connections to the Chinese financial community. The resulting
synergies will allow both companies to expand and become top-tier players within
the financial industries in China." Mr.
Michael Bianco, CEO of Hartcourt Capital, commented, "China's economy grew at
a 8.2% annualized rate in the first half of 2000, but its financial services industry
is still lagging behind in Western standards. Hartcourt Capital will have the
first-mover advantage in terms of the introduction of state of the art technology,
access to numerous capital markets and international linkage to potential strategic
partners. This will open up a variety of interesting opportunities and make it
easier for Hartcourt to expand on its already proven method of expanding through
acquisition."
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 three
main divisions: the SinoBull E-Finance Platform and wireless financial services;
Broadband ISP and Internet infrastructure; and Hartcourt Capital Inc., the financial
transactions group (online banking, insurance, equipment leasing, mortgages, credit,
bill payment, etc.). 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
Hartcourt Companies, Inc. CO:
Hartcourt Companies, Inc.; Hartcourt Capital Inc. ST:
California, China
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