(BSNS WIRE) Seto Holdings, Inc. Announced the Addition of Two Representa
Seto Holdings, Inc. Announced the Addition of Two Representative Organizations
for China and Malaysia
Business Editors
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 8, 1999--SETO
HOLDINGS Inc.(OTCBB:SETO) announced today that two representative
agreements have been signed for sales coverage in China and Malaysia.
Mr. Khor Yee Koon, the newly appointed sales/marketing group
manager for all of Asia, based in DTI Technology, a wholly owned
subsidiary of SETO said, "The technical knowledge and customer
contacts in the semiconductor industry of both of the new
representative organizations, will immediately enhance the already
existing network of sales people throughout Asia and will be
instrumental in supporting the growth of SETO products for the
Semiconductor and HDD (hard disk drive) computer industry."
Mr. Khor also said, "The semiconductor products manufactured by
DTI Technology Sdn Bhd in Malaysia and sold under the Semicon Tools
Inc. brand name, (STI), now has an established rep/distributor network
in the countries of Malaysia-Singapore-Thailand-Indonesia-Taiwan and
China. The major areas for semiconductor assembly."
Mr. Pian said, "Keeping our focus on SETO's major products of
diamond tools for cutting silicon wafers, slider plates for HDD
manufacturers, technical ceramics for aerospace and defense and
rechargeable batteries for cellular phones and computers, will support
our growth plans and will spread our product base to enough industries
to overcome any downturns in any markets."
Mr. Pian also said, "Since SETO now has DTI Technology and Fuji
Fab. Both companies with additional capacity for immediate growth for
manufacturing in Malaysia and a sales organization of very competent
trained personnel in place in Asia and the USA, we are forecasting
revenue growth and profits to be double last year, for the upcoming
fiscal year ending January 31, 2000."
"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.
Contacts for Investor Information: Direct to SETO HOLDINGS, Inc.
and Company web site: www.stidiamond.com / email: stiandecs@aol.com
--30--emb/ny* tia
CONTACT: Seto Holdings, Briarcliff Manor
Gene Pian, President
Tel: 914 923 5000
Fax: 914 923 6225
e-mail: stiandecs@aol.com
Company Web Site: www.stidiamond.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS CHEMICALS/PLASTICS
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