MSU Corporation Hires McFarlane Gordon As Financial Advisor
Mr. Jean Belanger Appointed To the Board of Directors of MSU Corporation.
MILTON KEYNES, UK, Dec. 12 /PRNewswire/ - MSU Corporation (OTC Bulletin Board: MUCP.OB - news), a developer and distributor of Web2U internet access devices,
today announced that it had hired McFarlane Gordon Inc., with offices in
Toronto, Ontario and Austin, Texas as its financial advisor. McFarlane Gordon
will advise the Company on re-structuring its current balance sheet
obligations and will assist the Company in raising the capital necessary to
fund the Company's operations on a forward basis.
The Company welcomes Mr. Jean Belanger of McFarlane Gordon, to the Board
of Directors of the Company. The Company intends to continue its development
of its low-cost Web2U-branded line of internet access devices and will
additionally begin to place a greater emphasis on making its devices
programmable by its partners and customers using industry standard tools.
Mr. Belanger has been with McFarlane Gordon since November 2000. From
September, 1999 to October, 2000, Mr. Belanger was Vice President, Business
Development of Motorola Inc.'s Semiconductor Products Sector. Mr. Belanger
joined Motorola SPS in 1999 following Motorola's successful acquisition of
Metrowerks Inc. Mr. Belanger was Chairman of Metrowerks from 1991 and CEO from
1996. Prior to 1991, Mr. Belanger was President and CEO of Micro Tempus Inc, a
mainframe software company. From 1986 to 1989 he was Chairman and CEO of
MontRoyal Capital Inc, a high-technology start-up venture capital company, and
prior to 1986 he was Vice-President of Wood Gundy Inc, an investment banking
company. Mr. Belanger obtained a B. Comm. from the University of Ottawa and an
MSc(Finance) from the London School of Economics.
Commenting on the appointment, Darran H. Evans, CEO of MSU Corporation,
stated: ``We welcome our new relationship with McFarlane Gordon and we
particularly welcome Jean Belanger to the Board. We look forward to benefiting
from his experience within the financial and information technology
communities.'' Commenting on his appointment, Jean Belanger stated: ``I look
forward to working with the team at MSU and I am excited about the prospects
of the Company as they continue the progress that has been achieved over the
past year and pursue related opportunities.''
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 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 |
