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Tue, 24 Oct 2006 9:28:00 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 Hunan Vocational College of Foreign Languages in Hunan Province, China ("HVCFL") to acquire a 51% equity interest in HVCFL. The transaction is expected to be completed by the end of February next year and is subject to completion
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