SOURCE: The Hartcourt Companies, Inc.

November 28, 2005 06:30 ET

Hartcourt & Shanda Team Up to Market Home Entertainment Product

SHANGHAI, CHINA -- (MARKET WIRE) -- November 28, 2005 -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) Hartcourt, through its operating subsidiary Huaqin, has signed an exclusive distribution agreement with Shanda, a Nasdaq listed company, to market a new generation of integrated and interactive home entertainment product called EZ Pod.

Shanda is the largest operator of online games in China, with 460 million registered accounts and 18.5 million active paying customers. While online games are primarily played in the internet cafes in China, the EZ Pod is designed to capture China's 100 million internet users at home and 400 million TV sets in the living rooms. Hartcourt, being the dominant consumer computer distributor, has the distribution capability and financial resources to bring EZ Pod to the 20 million consumers in Shanghai. "This is a strategic partnership between Shanda and Hartcourt," said Li Zheng Zheng, president of Huaqin. "It expands our product portfolio, synergizes with our existing distribution channel, and it will significantly improve our profitability."

EZ Pod, with a simple remote control, connects home users to Shanda's interactive, comprehensive entertainment content, which includes movies, music, games, news, online shopping, lifestyle information and educational programs. "Never before has a company brought PC, TV, internet and content into one," continued Li Zheng Zheng. "This creative product gives consumers a brand new experience of home entertainment, and we expect there is great demand for EZ Pod."

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Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

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