SETO NEWS:
(BSNS WIRE) Seto Holdings, Inc. Announced Today the Plans for an Electro
Seto Holdings, Inc. Announced Today the Plans for an Electronic Commerce Web
Site For: Direct Selling of Cellular Phone Batteries and Other Consumer
Products
Business Editors
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 1, 1999--SETO
Holdings, Inc.(OTC BB:SETO) Mr. Pian, SETO's President, announced
plans to form a separate marketing entity focusing on direct sales of
cellular phone batteries manufactured by its wholly owned subsidiary,
Fuji Fabrication Sdn Bhd, for a electronic commerce web site currently
under development.
Mr. Pian said, "We are very confident that this will be a huge
success for SETO for three important reasons, the first is the
in-house manufacturing of the batteries in a low cost labor area,
second is the recently announced duty and tax free advantages that
reduced our manufacturing costs and the third is the long term
experience (since 1975) of warehousing and distribution of many
products through our ECS division based in New York."
The cellular replacement batteries are available for most models
of Motorola-Nokia-Ericsson-Nec-Alcatel-Philips and ATT cellular
phones, in the popular type of cells ( LI-ION / NI-MH / Ni-CD ). Other
models of phones, pagers and LAP Top / Palm computer batteries will be
added as soon as possible.
The INTERNET site is planned to be operational soon and will be
very user friendly.
SETO HOLDINGS, Inc., formerly Semicon Tools Inc. has been a
public Company since 1987 and operates as a broad based technical
manufacturer in two major product groupings:
Technical products: to industry: diamond tools, wafer fab supplies and
technical ceramics.
Consumer products: cellular phone batteries.
"Safe Harbor" statement under the Private securities Litigation
Reform Act of 1995 Statements contained in this release which are not
historical facts are forward looking statements that involve risks and
uncertainties that could cause actual results to differ from projected
results. Factors that could actual results to differ materially
include, among others, economic and political events in or effecting
Malaysia, the Company's dependence on the semiconductor industry and
other risk factors detailed in the Company's Securities and Exchange
Commission filings.
--30--ks/ny*
CONTACT: Contacts for Investor Information:
Direct to SETO HOLDINGS, Inc.
and Parrex Associates, Inc.
Paul Alper tel 973 492 2208
fax 973 492 2550
Company web site: www.stidiamond.com
email: stiandecs@aol.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS CHEMICALS/PLASTICS
RETAIL
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story ***
|
