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MSGL - Oct 1, 2003 (BUSINESS WIRE)

LAS VEGAS,

MicroSignal Corp. (OTCBB: MSGL) reported today that significant progress has been made since the company's announcement of an executive management restructuring on Aug. 28, 2003.

Robert Braner, interim president, stated, "With regard to previous and ongoing operations, an extensive due diligence, SEC compliance and intellectual property audit is still underway at the company. Management anticipates that the current offices in Pennsylvania will continue as the company's operations center, and executive offices will be established in Las Vegas within the coming week.

"An expanded organizational structure is being completed and we are pleased to announce that Chris Puleo has been appointed vice president of engineering. Mr. Puleo's duties will include, but not be limited to, proprietary product development, and software MRI interface and system installations. Ms. Sherry Yavelak has been appointed vice president of operations and her duties will include intellectual property compliance, as well as customer service support, software development, MRI interface and systems installation."

Puleo has been associated with the company since 1997 as the lead software engineer in the design of GUI-driven software suites for use with MRI and programming in the UNIX and LINUX environments. Puleo received a B.S. in electrical engineering from the University of Pittsburgh.

Yavelak has been associated with the company since 2002 as a software engineer. Yavelak attended Virginia Tech in Blacksburg, Va., and received a B.S. in computer engineering with a computer science minor. Yavelak was also named to the Virginia Tech Collage of Engineering Dean's list and Cooperative Education Program.

Braner further stated, "The latest upgraded version of SLICES is expected to be completed within the company's fourth operating quarter. Time to market is estimated to be shortly after the final testing phase. Specific sales and installation timelines will also be announced after the final testing phase."

About MicroSignal Corp.

MicroSignal manufactures and distributes SLICES(TM) -- a state-of-the-art MR data processing tool that provides significant processing and patient advantages compared to the other imaging softwares of its genre. MicroSignal Corp.'s patented SLICES(TM) software allows the radiologist and MRI technologist to perform advanced imaging features beyond the capabilities of the standard MRI computer.

NOTE: This release may be deemed to contain forward-looking statements subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of MicroSignal that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future results. Readers are referred to the documents filed with the SEC, specifically recent Form 10-Q reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.

Please visit: www.microsignalcorp.com

SOURCE: Microsignal Corp.


MicroSignal Corp.
Chris Puleo, 724-746-9476
Robert Braner, 619-572-6754

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