THIS IS WHAT HAPPEND!!!!!!!!!!!!!!!!
Quick-Picks - quick-picks.com
Our new pick is Seto Holdings, Inc. (SETO) - OTC:BB. A fully reporting
company. SETO is currently trading at .40
Seto Holdings is compromised of several subsidiaries - Semicon Tools, East
Coast Sales, DTI Technology, and Fuji Fabrication. The first three are
responsible mostly for industrial sales and manufacturing, ranging from
semiconductor fabrication supplies to technical ceramics for the
aerospace/defense industries. Currently their one consumer division, Fuji
Fabrication, manufactures rechargeable batteries for cellular phones and
computer related electronics.
According to a February 25th press release, revenues for continued
operations for the year should total about $2.8 million and profits should
be about .03.
In a very recent development (March 1), the company announced that they
will be coming online with a web site for the direct sales of their
rechargeable batteries. We find this very exciting, considering the
profit margin should be huge - Direct sales from manufacturer to consumer
with no middleman.
Gene Pian, the company CEO 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.''
We consider SETO an excellent short term investment. There is something
about small/profitable companies that trade in the penny range that we can
not get enough of. Throw in a consumer web site which will market
cellular phone batteries and we really have something to look forward to.
Shares outstanding approximately 11 million. Current market cap about
$4.4 million.
Check out their web site at: setoholding.com
Disclaimer: We are not bought and paid for promoters. We have never
accepted compensation from any company that we may have profiled, nor will
we ever. Investing and trading is risky. Consult a professional broker
for advice on trading and investing. We may buy or sell our picks at any
time. This is not a solicitation to buy or sell securities.
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