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

To: Bert Zed who wrote (2025)	1/5/1999 12:05:00 PM
From: Shadow	Read Replies (1) \| Respond to of 6180

News out!! 11:50AM (BSNS WIRE) MSU Announces Balance Sheet Progress; Arrangement Releases S MSU Announces Balance Sheet Progress; Arrangement Releases Secured Assets Business Editors MILTON KEYNES, England--(BUSINESS WIRE)--Jan. 5, 1999--MSU Corporation (OTC BB: MUCP), an Internet set-top-box technology company, announced today that a consortium of private investors and businesspeople allied with the company has completed the purchase of the final part of the $2.3 million Convertible Promissory Notes issued in July 1997 to clients of Capitol Bay Securities, the company's former investment banker. A previous arrangement with the holders of the notes saw the release of the company's intellectual property rights from the security pledged for the notes. The consortium has decided to convert the remaining notes into stock effective immediately, thereby releasing the remaining secured assets of the company, which includes 500,000 shares of American Interactive Media, Inc. (OTC BB: AIME). Wyn Holloway, MSU's chairman, stated, "I am pleased to report that we have been able to deal with this outstanding issue." MSU also announced that it is in the process of interviewing and screening a number of investment banking, strategic and other professional advisers. Further announcements of the consummation of these relationships are expected shortly. 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 offers 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 www.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's 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. --30--cf/ny* CONTACT: MSU Corporation Keith Peirson, Managing Director 011-44-1908-232-100 or Porter, LeVay & Rose, Inc. Debra Potter, Senior Editor Elisa Keys, VP-Media Relations 212/564-4700 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *