Muse Technologies Forms Subsidiary Focusing On Federal Market.

Business Wire | August 23, 1999 | Copyright

ALBUQUERQUE, NM--(BUSINESS WIRE)--August 23, 1999--

Company to Spin off 10 percent of Subsidiary's Equity Capitalization to Stockholders in Dividend Distribution

MUSE Technologies, Inc. (Nasdaq: MUZE, MUZEW) today announced the formation of a new subsidiary in accordance with the Company's business plan and in recognition of the growing opportunities to apply MUSE's technology platform in Federal markets. The new subsidiary, called MUSE Federal Systems Group Inc, will be capitalized at 20 million common shares, 2 million of which will be issued to ...

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