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News 2003

 

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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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