Wednesday December 13, 10:00 am Eastern Time-Press Release
SETO Announces Signing MOU With VMS Technology Sdn Bhd
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--Dec. 13, 2000--SETO Holdings, Inc. (OTCBB-SETO) today announced that its wholly owned subsidiary SETO Technology Dot Com Sdn Bhd has signed a MOU memorandum of understanding with VMS Technology Sdn Bhd to form a JV company to develop marketing in China, USA and Malaysia for VMS's products and services (www.vmstechnology.com).
The JV Company will handle the localization, development and marketing of VMS products to enhance the telecommunications sector of SETO worldwide.
VMS Technology Sdn Bhd is a MSC-status (Multimedia Super Corridor) company, was incorporated in February 1996 and consists of talented and highly motivated professionals with complimentary core competencies in R&D of Computer Telephony (CT), the convergence technology of computers and telephones. The core competency areas are namely Voice processing hardware & software, Unified Messaging System, Interactive Voice Response System, PBX integration (Private Branch Exchange), Property Management System Interface, Internet Integration, Internet Telephony, Voice Recognition, text-to speech, PC phone with phone book, Voice logging & voice recognition, NMS digital trunk E1/T1 Integration.
As Tan Hun Chin COO of SETO Malaysia and Lee Swee Leong Marketing Director of SETO Technology Dot Com said, ``VMS is well equipped to provide Computer Telephony solutions tailored to business requirements specifically in Interactive Voice Response (IVR) technology. VMS has a host of IVR and CT solutions such as Audio Text, a service center hotline, automated sales agents, call center, telebanking, election campaign systems and Human Resource Service Program.''
Other products include: Voice Mail System, Advanced Call Accounting System (Breakdown of phone charges by department to monitor utilization thus reduces telephone abuse) and Total Enterprise Communication System (TECS) the next generation digital convergence technology which is now available to replace typical PBX that allows small office-home office (SOHO) operation, small to medium enterprises and branch offices to plug their phones into personal computers carrying TECS. It will instantly connect a myriad of otherwise disparate functions such as PBX, voice mail, fax mail, e-mail, call billing, Text-to-speech, automated call distribution, internet based configuration and more.
(RED TONE) tm, TECS's features are PBX functionality with Automated Attendant; Unified Messaging System that integrates Voice mail, e-mail and fax; smart software application for least-cost-routing; web browser based interface for easy set up; remote mail access from office, home or on the road; easy-to-use interface for fuss-free operations and finally Smart Book - the ultimate feature phone. TECS is software-centric functionality that enhances flexibility and it is expandable.
About SETO Holdings, Inc.
Founded in 1975, SETO Holdings, Inc. operates as a broad based technical manufacturer in three major product groupings: Technical Products to industry, inclusive of diamond tools, wafer fab supplies and technical ceramics; and Consumer Products such as cellular phone batteries, rechargeable batteries for use in consumer electronics and Telecommunication devices. Please visit the Company's web sites: www.SETOHOLDINGS.com, www.stidiamond.com, www.ecsceramics.com, www.setoEmall.com, www.hk-batteries.com.hk
Included in this release are ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.
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Contact:
SETO Holdings, Inc.
Gene Pian, 914/923-5000
Fax: 914/923-6225
stiandecs@aol.com |
