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Thu, 12 Oct 2006 3:30:00 PDT
SHANGHAI, CHINA (MARKET WIRE) The Hartcourt Companies, Inc. (OTCBB: HRCT) (FRANKFURT: 900009) (the "Company") today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") with China Princely Education Technology Development Company Limited ("China Princely") to acquire a 100% equity interest in China Princely. The transaction is expected to be completed before the end of the year and is subject to
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