SOURCE: The Hartcourt Companies, Inc.

August 17, 2005 09:00 ET

Hartcourt to Enter Network Security Industry

SHANGHAI, CHINA -- (MARKET WIRE) -- August 17, 2005 -- The Hartcourt Companies, Inc. (OTC BB: HRCT), (Frankfurt: 900009), today announced it has entered into a distribution agreement with Jump Technology, a provider of network security solutions designed to protect enterprises that use the internet for e-commerce and secure communications.

Jump Technology, based in the city of Xian in central China, brings comprehensive, scalable security solutions to the Chinese enterprises. It possesses strong R&D capabilities in product development, such as network firewall, IDS, VPN, and owns more than 30 intellectual properties in core security technologies. The Jump network security products and solutions are used in education, utility and finance industries, as well as government and research institutes.

Hartcourt's distribution agreement with Jump Technology covers strategic, economically well developed East and South regions of China with exclusive distribution rights for multiple years. After many years of investment in the internet based products and technologies, the Chinese enterprises have tremendous need for network security solutions to protect their vast systems and networks. Hartcourt management believes this is an attractive market with high growth potential. We will expand our existing distribution channels and invest additional resources to capture this exciting opportunity.

About Hartcourt

Hartcourt's achievements and operations can be found on its web site: www.hartcourt.com

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.

Contact Information

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    Fax: + 86 21 51521579
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