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CONTACT INFORMATION
Data Net Corp.
www.udatanet.com
FOR IMMEDIATE RELEASE
MSU Corporation and uData Net Corporation
Join Forces for Turn-Key Utility Solution
DALLAS, TX., February 23, 2001 /PRNewswire/ - MSU Corporation
(OTC Bulletin Board: MUCP.OB news), the developer and distributor
of Internet Access Devices, today announced that it has formed a
strategic marketing alliance with uData Net Corporation of Ft. Worth,
Texas, a provider of wireless data collection devices to the utility
market.
In this strategic alliance, uData Net will provide its meter reading
hardware and software, with MSU providing its next generation Internet
Access Device tocommunicate the captured data to the respective
utility. uData Net will be responsible for the sale of the system.
"The teaming of our two technologies will enable uData Net
to provide a complete, end-to-end, turn-key solution for remote
meter reading to its utility industry clients," said D. Bruce
Walter, President and CEO of MSU. He went on to say, "This
alliance is an important step in the growth cycle of MSU as it represents
not only a utility industry technology breakthrough with a significant
revenue opportunity, but also a further expansion of our vertical
market strategy."
Lindsey Vinson, President of uData Net, commented, "MSU's
next generation Internet Access Device technology enables uData
Net toapproach the utility market with a very affordable remote
meter reading solution that empowers the utility to provide a value-adding
device to the homeowner. It compliments uData Net's existing wireless
offering, as well as provides the utility with a platform that can
accommodate additional energy and cost saving functionality. We
are excited about the development of their product, and we believe
there is a real market for it."
About MSU Corporation
MSU Corporation designs, sells and manufactures low- cost Internet
Access Devices that are sold for less than $200. The Company's products
feature web browsing and e-mail capabilities and, together with
their wireless keyboard, they provide access to the World Wide Web
for anyone who has access to a telephone line. MSU Internet Access
Devices are manufactured under contract by Flextronics.
About uData Net Corporation
uData Net Corporation (www.udatanet.com)
was founded in 1999, with a history dating back to1990, providing
products and systems tocollect metering data for utilities. uData
Net designs, manufactures, and markets specialized functional and
historical data collection devices utilized in a variety of industries.
The Company produces over forty versions of its optical probe technology
designed to Support most major meters currently in use. Focused
on the effective and efficient use of RF technologies combined with
custom monitoring devices of functional data, uData Net continues
to Offer innovative solutions in the world of data collection. uData
Net Corporation is headquartered at 5001 N. Freeway, Suite C, Ft.
Worth, TX 76106.
MSU Disclaimer: Certain information included herein and on
other Company statements, reports and SEC filings is forward-looking
within the meaning of the Private Securities and 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 involves important
risks and uncertainties that could affect actual results and cause
them todiffer materially from expectations expressed herein and
in other Company statements, reports, and SEC filings.
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