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To: Jim Bishop who wrote (803)	6/15/1999 2:01:00 PM
From: dreamer	Read Replies (1) \| Respond to of 150070

He's like the energizer bunny :-) dreamer

To: Jim Bishop who wrote (803)	6/15/1999 2:53:00 PM
From: SSP	Read Replies (2) \| Respond to of 150070

BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--June 15, 1999--SETO HOLDINGS, INC. (OTC BB: SETO) announced today that revenue for continuing operations for first quarter April 30, 1999, was $900,707 as compared to $500,825 for the comparable period ending April 30, 1998, an increase of 55.1%. Income from continuing operations for the quarter ended April 30, 1999, was $11,864 and net profit was $4,052. Mr. Pian said, "The low profit results were mainly caused by a few one time charges such as a non cash, charge of $25,000 for the exercise of two employee options of which there are non remaining, a rescheduling of deliveries from a major scribe customer to the second quarter of 1999 and other charges as explained in the MD&A. With the large backlog of orders and the one time charges now out of the way, we feel the Company is in the best condition in its history to grow revenues and profits as was forecast." SETO HOLDINGS, Inc., formerly Semicon Tools, Inc. has been a public Company since 1987 and operates as a broad based manufacturer in two major technical product groupings: Technical products to industry: inclusive of 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 fact and are forward looking statements that involve risks and uncertainties that could cause actual results to differ from projected results. Factors that could cause 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. Contact for Investor Relations: LaGuardia GFS call toll free 1-800-292-1361 email to: comercio@riogrande.net.com LaGuardia GFS web site: www.TwoTrades.com or www.DosComercios.com Company web site: www.SETOHOLDINGS.com or www.stidiamond.com email: stiandecs@aol.com --30--hkz/cgo* CONTACT: Investor Relations: LaGuardia GFS, 800/292-1361 email: comercio@riogrande.net.com LaGuardia GFS web site: www.TwoTrades.com or www.DosComercios.com Company web site: www.SETOHOLDINGS.com or www.stidiamond.com email: stiandecs@aol.com