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Microcap & Penny Stocks : MSU CORP-----MUCP

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To: GO-MUCP who wrote (5957)1/29/2001 11:06:07 AM
From: GO-MUCP  Read Replies (1) of 6180
 
And another interesting development !!!!!

Monday January 29, 10:59 am Eastern Time
Press Release
SOURCE: MSU Corporation
MSU Names New Vice President/CFO: Mr. Stuart Bitting, CPA
DALLAS, TX, Jan. 29 /PRNewswire/ - MSU Corporation (OTC Bulletin Board: MUCP.OB news), the developer and distributor of Web2U Internet appliance access devices, today announced that Mr. Stuart Bitting has been named the Company's new VP Finance and CFO.

Prior to joining MSU, Mr. Bitting served as VP Finance and CFO of The LTC Group, a leader in digital Pre-Media services to advertising agencies and direct corporate clients. He was Vice President Operations Finance of Centex Homes, one of the largest homebuilders in the United States. Mr. Bitting served 14 years in various financial management positions, including Director of Financial Planning at Frito-Lay in Plano, Texas. Mr. Bitting attended St. Ambrose University and SMU in Dallas, TX. Mr. Bitting is a Certified Public Accountant. He will be located in the Company's new head office in Dallas, Texas.

``The naming of Mr. Bitting as VP Finance/CFO of MSU is a critical step in the Company's continuing transformation,'' said Bruce Walter President and CEO of MSU Corporation. He went on to say, ``The Company has a new and exciting strategic plan to further penetrate the Internet appliance market and the addition of Mr. Bitting, a very experience financial executive, will greatly enhance the Company's ability to execute this plan.''

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 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
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