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Microcap & Penny Stocks : MSU CORP-----MUCP -- Ignore unavailable to you. Want to Upgrade?

To: IKE who wrote (5699)	6/23/2000 10:02:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 6180

Web2U Signs Manufacturing Deal with Flextronics International MILTON KEYNES, England, Jun 22, 2000 /PRNewswire via COMTEX/ -- Web2U (OTC Bulletin Board: MUCP), the UK-based producer of low cost web-to-TV Internet access systems, today announced that it has signed a deal with Flextronics International to produce its set-top boxes. The boxes will initially be manufactured in Hamilton, UK with a view to utilising Flextronics' other global manufacturing centres as production expands. Web2U's "plug and play" set top boxes provide Internet access through any standard television. It offers a full web service, including email, net browsing and the facility for e-commerce to those without a computer. Web2U launched its box in the UK market during February. It also has sales and distribution deals in place in India and Australia and recently announced a joint initiative with African Lakes Corporation PLC to address markets within the African continent. The deal with Flextronics underlines Web2U's expansion plans, providing it with a solid production base and an improved distribution platform. Flextronics will be contracted to manufacture the newest version of the Web2U set top box. Flextronics International Ltd is a leading provider of flexibility and speed in Electronic Manufacturing Services to Original Equipment Manufacturers in the fast-growth communications, networking, computer, medical and consumer markets. Headquartered in Singapore, and with operations throughout Asia, Europe and the Americas, its client base includes Cisco Systems, Microsoft and Sony. Flextronics' business model is based upon providing its customers with a high degree of flexibility in their operations through its ability to provide volume scalability, mass customization, reduced time to market and enhanced supply chain and logistical efficiencies. Commenting on the signing of the contract, Web2U's chief executive, Darran H. Evans, said: "With an improved product shortly coming to market and a growing demand it was a vital part of our expansion strategy to secure a solid production base. It is difficult to imagine a more reliable partner than Flextronics and I am delighted that such a high quality Tier 1 EMS provider will help to underpin our future growth." George Campbell, Operations Director of Flextronics International commented: "We are delighted to be working with Web2U as they enter an exciting growth phase. We look forward to providing our services to them here in the UK and overseas." Web2U is a wholly owner subsidiary of MSU Corporation, based in Milton Keynes, UK. In the US, the company is quoted on the OTC Bulletin Board as MUCP.OB 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 Web2U