Wednesday October 3, 11:30 am Eastern Time
Press Release
SOURCE: MSU Devices Inc.
MSU Devices Announces New Distributor for U.S. Federal Government Market
DALLAS--(BUSINESS WIRE)--Oct. 3, 2001--MSU Devices Inc. (OTCBB:MUCP - news), announced today that it has signed a distribution agreement with Millenniumnet Inc. of Fairfax, Virginia whereby Millenniumnet will distribute the MSU Devices V5 Internet access device in the Federal Government Market in the United States.
Millenniumnet will sell the V5 Internet access device to the civilian and defense departments and related agencies of the U.S. Government, as well as to major systems integrators and suppliers who might already have contractual relationships with these Federal departments and agencies.
Mr. Richard Yoder, President & CEO of Millenniumnet Inc., said, ``We are extremely excited about the opportunity to market and sell the MSU Devices V5 Internet access device. We anticipate it will have wide appeal in the U.S. Federal Government market, especially within the Department of Education and Department of Defense, and related agencies.'' In addition Mr. Yoder went on to say, ``Millenniumnet believes there are significant opportunities to market the V5 Internet access device overseas through our international partners and associates.''
Mr. Ray Dittrich, VP Sales at MSU Devices, said, ``The U.S. Federal Government market represents not one but many opportunities to sell our V5 Internet access device in volume. Almost all Federal government departments and agencies have already identified applications and requirements that will drive the purchase of Internet appliances and thin clients. While some of these requirements will necessitate the use of a personal computer, a majority of these applications can be accomplished using an Internet access device or thin clients. Our V5 Internet access device is a perfect fit for many of these requirements.'' Mr. Dittrich went on to say, ``We are very pleased to partner with Millenniumnet as our U.S. Government distributor. Millenniumnet has a tremendous wealth of experience in the Federal government market and they know who make these purchase decisions happen.''
About Millenniumnet Inc.
Millenniumnet is a multinational company that provides consultative services for product development, marketing research and strategy development for companies with enabling technologies. It also maintains contractual relationships with several companies, representing and distributing their products. Millenniumnet is involved in projects in a variety of sectors including construction, fiber optics manufacturing and installation, banking and finance. Millenniumnet's management team collectively has over 100 years of experience in marketing and selling in the U.S. Federal Government market.
About MSU Devices Inc.
MSU Devices Inc. designs, manufactures, markets and sells affordable and intuitive Internet access devices that enable end-users to communicate simply and easily using e-mail and by browsing the World Wide Web via the Internet. MSU Devices expects to launch in the fourth calendar quarter of 2001, its new Internet access device, the MSU Devices V5. MSU Devices has designed Internet access devices distributed in six countries. The forthcoming MSU Devices V5 can output WWW data and e-mail to a TV, computer monitor and flat panel LCD. With Java virtual machine support for displaying Java applets found on WWW sites, the MSU Devices V5 can also be programmed using Java programming tools. The MSU Devices V5 will be powered by National Semiconductor's Geode GX1 processor and the WindowsCE operating system. The MSU Devices V5 is being designed to feature a full range of software and connectivity options and will come fully featured to be used as a set-top box, an Internet appliance and a thin client. All names referred to herein are trademarks and/or registered trademarks of their respective owners.
Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. These risks and uncertainties include, without limitation, our history of significant operating losses which together with an inability to raise capital could impact on our ability to continue as a going concern, our limited sales history, the acceptance of our product by consumers, dependence on third parties for the manufacture of our product, rapid technological change, the pressures of a competitive industry and other risks set forth in the Company's filings with the SEC.
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Contact:
MSU Devices Inc., Dallas
Bruce Walter, 972/473-6916
dbwalter@msucorp.com |
