Friday January 14, 11:14 am Eastern Time
Company Press Release
SOURCE: MSU Corporation
MSU Corporation Announces UK Distribution and Support Agreements
- Web2u to be Available in February Through Three Select UK Distributors to Reach Consumers -
MILTON KEYNES, England, Jan. 14 /PRNewswire/ -- MSU Corporation (OTC Bulletin Board: MUCP - news), a designer and developer of computer chips and chipsets principally for use in high-volume consumer electronics products, including its low-cost Web-to-TV system, Web2u, reported today that it has established three distribution channels, and a technical and support agreement for the Web2u product in the United Kingdom (''UK''). Product will begin to be available in February, 2000.
The agreements are as follows:
Argos, the largest UK catalogue retailer, will list the Web2u set top box in its Spring Summer catalogue beginning January 30th and it will run for the next six months. Anticipated catalogue circulation is approximately 16 million for the Spring Summer edition. Web2u will additionally be included in some specialized instore catalogues within the 438 stores operated by Argos.
Tandy stores which specialize in consumer electronic products, will begin offering the Web2u in a majority of their stores in February. Tandy, owned by Carphone Warehouse in the UK, operates 228 town center (high street) stores in the UK. Tandy is expected to include the Web2u is its catalogue to be available later in 2000.
Doro Audioline has agreed to distribute the Web2u in selected UK retail accounts and mail order. Doro Audioline is a 25-year old telecommunications firm with extensive experience in the UK markets. Doro Audioline will also provide general warehousing and other distribution services to MSU Corporation.
Infoteam has agreed to provide consumer and technical support for the Web2u product in the UK. Infoteam currently also supports the Sony Playstation® as well as other electronic products in UK markets.
Darran H. Evans, chief executive officer of MSU Corporation, stated, ''These agreements combined provide the necessary structure to begin penetrating UK retail markets. We are utilizing well-known distribution channels such as these to provide easy access for UK consumers. We have also added top-notch consumer and technical support to provide assistance to our customers, if they need it. The Company plans to add to its UK distribution channels in order to further penetrate the market during the course of the year.
''By adding these agreements with our North and South American marketing and support alliances, MSU is making substantial progress toward introducing the Web2u into key markets.''
Certain information included herein and on other Company statements, reports and SEC filings is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning anticipated operating results, financial resources, marketing, growth and expansion. Such forward-looking information involve important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other company statements, reports and SEC filings.
SOURCE: MSU Corporation
--------------------------------------------------------------------------------
|
