SOURCE: The Hartcourt Companies, Inc.

October 20, 2005 11:24 ET

Hartcourt to File Amended 10Q for the First Quarter 2006

SHANGHAI -- (MARKET WIRE) -- October 20, 2005 -- The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), announced it is filing an amended first quarter 2006 report this morning to correct an erroneous error in the footnotes to the financial statements. OTC will remove the "E" status once they verify the amended 10Q filed on Edgar

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.

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