SOURCE: The Hartcourt Companies, Inc.

June 06, 2005 10:42 ET

Hartcourt Successfully Completed Xinjiang Police Multimedia Solution Deal

SHANGHAI, CHINA -- (MARKET WIRE) -- June 6, 2005 -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) Hartcourt is pleased to announce that it has successfully closed a transaction with the Xinjiang Provincial Public Security Bureau (state police) on a multimedia network application solution with a contract value of RMB 3.8 million. The Radvision products we distribute and the application services will be integrated with Xinjiang police's security monitoring system, anti-terror system, emergency response system and the video conference system. Hartcourt sold the solution based on the "multimedia platform" concept that concentrated on "creating multimedia synergistic functions" to meet the customer needs.

Xinjiang province is located in the northwest of China, with a population of over 18 million and covering one-sixth of China geographic territory, the biggest province in China. Its GDP was RMB 188 billion with a growth rate of 10.8% in 2003, compared to 9.5% of total China.

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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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