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The Hartcourt Companies, Inc.: Hartcourt Announces Signing Memorandum of Understanding to Acquire 51% Equity Interest in Taishun Yucai Senior School in Zhejiang China

Fri, 29 Sep 2006 3:30:00 PDT

SHANGHAI, CHINA (MARKET WIRE) The Hartcourt Companies, Inc. (OTCBB: HRCT) (FRANKFURT: 900009) today announced that it ("the Company") has entered into a non-binding Memorandum of Understanding ("MOU") with Taishun Yucai Senior School in Zhejiang Province China ("Yucai") to acquire a 51% equity interest in Yucai. The transaction is expected to be completed before the end of the year and is subject to completion of due diligence by the

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