More SETO:
From La Guardia GFS:
Prior to the acquisitions listed below, SETO Holdings (OTC BB: SETO) had 11.3mm shares outstanding. SETO has issued an additional 6.5mm shares, bringing the total shares outstanding to 17.8mm, of which 10mm is restricted under SEC Rule 144.
1) SETO's acquisition of Hong Kong Batteries (from the PR dated Nov. 19, 1999, biz.yahoo.com "The purchase price is 2 million shares, no cash. The terms are 1,500,000 restricted shares to be issued immediately and an additional 500,000 restricted shares after the profit guarantee is met for the year ending Jan. 31, 2001."
2) SETO's acquisition of Fimas Electronics (from the PR dated Dec. 1, 1999, biz.yahoo.com "The purchase price is 5 million 144 restricted SETO shares valued at $0.89 per share, no cash for the net assets. The deal includes a profit guarantee for year ending March 31, 2001 of $1,000,000 for an additional 1 million 144 restricted shares."
Please review the Press Releases (links above) and feel free to call (888.577.6898) or e-mail (investor_relations@twotrades.com) with any further questions or comments.
Sincerely,
Investor Relations
La Guardia GFS
(Voluntary Disclosure
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