MSU Names New President/CEO: Mr. D. Bruce Walter
Company Opens New Head Office In Dallas, Texas
DALLAS, TX, Jan. 25 /PRNewswire/ - MSU Corporation (OTC Bulletin Board:
MUCP.OB news), the developer and distributor of Web2U Internet appliance
access devices, today announced that Mr. D. Bruce Walter has been named the
Company's new President & CEO. Mr. Walter was also appointed to the Company's
Board of Directors.
Prior to being named President & CEO of MSU, Mr. Walter served as
President of CompuTrac, Inc., a Dallas-based software company; President & CEO
of CoActive Computing, San Jose; Chairman & CEO of RadioMail Corporation, San
Mateo CA; and President & CEO of Grid Systems, a $240M manufacturer of
portable and handheld computers. Subsequent to Grid Systems being purchased by
Tandy Corporation in 1988, Mr. Walter joined the Tandy Executive Management
Team. Prior to joining Grid Systems, Mr. Walter spent 12 years with Xerox
Corporation. He has also worked as a venture capitalist with Telesis Partners.
Mr. Walter attended Waynesburg College, Penn. and Duquesne University.
MSU also announces that it has opened a new head office facility in
Dallas, Texas. The Company intends to continue all of its employees and operations in the Milton Keynes, UK. Mr. Darran Evans will continue as a
Director of the Company and as President of the Company's UK-based subsidiary,
Web2U Limited.
``The naming of Mr. Bruce Walter as President & CEO and the opening of a
new head office in Dallas are critical steps in the Company's new strategic plan,'' said Mr. Jean Belanger, Director of MSU. He went on to say, ``The
Company is expanding from its UK base of operations to establish itself in the
United States market in a more solid fashion, and with our great team in the
UK and being closer to the US market, MSU will be more readily able to
implement its vision for the Internet appliance market.''
About MSU Corporation:
MSU Corporation designs, sells and manufactures low-cost Internet
appliances that are sold under the Web2U brand name for less than $200. The Company's Web2U Internet appliances feature web browsing and e-mail
capabilities and together with their wireless keyboard, they provide access to the worldwide web for anyone with a TV and access to a telephone line. MSU's
Internet appliances are manufactured under contract by Flextronics. MSU
Corporation operates a wholly-owned subsidiary, Web2U Limited, in Milton
Keynes, UK.
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 |
