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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (763)	12/15/1998 9:31:00 AM
From: MoneyMade	Read Replies (1) \| Respond to of 15987

NEWS!! MUCP Tuesday December 15, 8:29 am Eastern Time Company Press Release MSU Reports Progress in Its Internet Set Top Box Business Company Announces Completion of First Phase of Financing MILTON KEYNES, England--(BUSINESS WIRE)--Dec. 15, 1998-- MSU Corporation (OTC BB: MUCP), an Internet set-top-box technology company, announced that it is in the process of re-developing a strategic plan which will include among other things, the establishment of a strong U.S. presence. The company's overall objective is to be properly positioned on both business and technical fronts to exploit its Internet set-top-box technology worldwide. Management believes that with the evolution of its core technology, the company is poised to be recognized as a top tier provider of technology that furnishes businesses and consumers with high-quality Internet access at the lowest cost in the marketplace. The company also announced it has secured major financing with a consortium of private investors and business people. MSU already has closed on the first part of these transactions which brought more than $1,000,000 to the company. Additional significant financing is forthcoming. MSU's Chairman, Wyn Holloway, commented, ''We have accomplished a considerable amount while safeguarding shareholder equity. This financing, along with the business developments now taking place, represents a watershed event for the company. We are now moving into an arena where we are able to fine tune our internal procedures with the highest-quality set of operating standards. I am extremely pleased to be an integral part of what is transpiring. We are increasing the company's strength by adding top flight business and technical people who will be instrumental in raising the business qualities of MSU as a whole.'' MSU Corporation designs and develops computer chips and chip sets principally for use in consumer electronic products. Most of the company's chips are capable of multiple functions and eliminate the need for additional chips. Moreover, they diminish the risk of malfunction and error, permit more efficient circuit-board designs and are available at a low cost. In addition to computer chips, MSU develops consumer electronic products and reference platforms for itself and other companies. Its SlipStream Internet access technology enables anyone with a television and regular telephone line to access the Internet and send and receive e-mail. And when used with MSU's customized, proprietary browser, SlipStream allows users in Germany, France, Italy, Poland, Portugal, China and English- and Spanish-speaking countries to access and interact with foreign web sites in their native language. The SlipStream technology is also manufactured and marketed in a TV set-top box. MSU also offer custom services in chip design, hardware and operating-system development, computer peripheral-design development and application-software development, consulting and sourcing. For more information, visit MSU Corporation's web site at msu.co.uk. This release contains forward-looking statements which are based on current information available to management and which are subject to other important factors disclosed from time to time in the company Form 10-K and Form 10-Q, Registration Statements and other Securities and Exchange Commission filings, including specifically, among other factors, changing market and economic conditions. -------------------------------------------------------------------------------- Contact: MSU Corporation, Milton Keynes Keith Peirson, Managing Director 011-44-1908-232-100