SETO news:
Thursday April 6, 9:01 am Eastern Time
Company Press Release
SETO Holdings, Inc. Announces Franchise
Expansion Via Subsidiary CTI
Communications
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--April 6,
2000--SETO Holdings, Inc. (OTCBB:SETO - news) today announced its franchise agreements via CTI
Communications has exceeded the company's expectations and has increased to fifty-two franchises from only fourteen
since February 14, 2000.
Due to this increase SETO Holdings has increased its expected franchise forecasts from 100 to 150 by the end of the
current year.
CTI Communications is one of the fastest growing retail chain stores and franchiser throughout Malaysia. CTI has been
in business four years selling through company owned retail outlets. The products include cellular phones, batteries and
accessories with brand names, such as, Nokia Corporation (NYSE:NOK - news), Motorola, Inc. (NYSE:MOT - news),
Ericsson, NEC Corporation (Nasdaq:NIPNY - news), Philips Electronics (NYSE:PHG - news), Seimens, Alcatel
(NYSE:ALA - news), Sony Corporation (NYSE:SNE - news), and SAGEM. CTI also manufactures a complete line of
leather and vinyl phone cases and designs all CTI's packaging.
``This early increase in franchises is a great development for SETO Holdings. We are also currently in negotiations with
interested parties to begin franchises in Indoneisa with our CTI MobileWorld franchise. This new market will open up
potential consumer reaches into a population greater than ten times of that of Malaysia. The popularity of our franchise
operations into Malaysia has the potential to triple revenues to $15 million for the year 2000,' said Gene Pian, SETO's
President.
About SETO Holdings, Inc.
Founded in 1975, SETO Holding, Inc. operates as a broad based technical manufacturer in two 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 uses, consumer electronics and
telecommunication devices. Please visit the Company's web sites: www.SETOHOLDINGS.com,
www.stidiamond.com, www.ecsceramics.com, www.fujifab.com, www.hk-batteries.com.hk, and
www.cticomm.com.my.
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.
Contact:
R.F. Services, Inc.
Renee Fisher, 888/882-8383
714/220-2900
rfpres@hotmail.com |
