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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: EightyEight who wrote (2821)	10/4/1999 8:53:00 AM
From: sanjay sanghani	Read Replies (1) \| Respond to of 3222

Seto Holdings, Inc. Announces a Joint Venture in Bangkok, Thailand as 'SetoSoft dot com, LTD.' Business & Technology Editors BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--Oct. 4, 1999--SETO Holdings, Inc.(OTC BB:SETO) announced today a joint venture with an aggressive custom software development group with an impressive track record for special applications in Industrial, Consumer, Entertainment and Internet software requirements. Mr. Gene Pian, SETO's President said, "Having a software development team with vast knowledge in many industries will increase our ability to enter the Asian Internet Market, establish a closer relationship with SETO's manufacturing customer base and bring new consumer products to the SETO E MALL web site. The synergies created with our new and talented personnel supporting all of SETO HOLDINGS subsidiaries worldwide is an initiative we have been striving towards for the last few years." He also said, "The SetoSoft group will include the President, Mr. Rangsi Udomphol and Managing Director, Mr. Paul Eric Kouwan, both of Olympia Computer Systems Co., Ltd., Thailand (a company formed from a joint venture between a Thailand group and Olympia Office Machines LTD., Germany). Olympia Computer will be our support for hardware requirements and an additional source of experienced computer personnel when necessary. Other key personnel are Mr. Natavudh Pungcharoenpong, founder and General Manager of Active Systems, Ltd. and IT Works, Ltd., along with Mr. Kittichai Jirasukhanon, the Project Manager of IT Works, Ltd. New products developed by SetoSoft are expected to become available within the first quarter of 2000." ---------------------------------------------------------------- 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: 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 facts 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 at toll free 1-800-292-1361 or email to: comercio@riogrande.net.com LaGuardia GFS web site: www.TwoTrades.com or www.DosComercios.com Company web site: www.SETOHOLDINGS.com, www.stidiamond.com, www.ecsceramics.com, www.fujifab.com email: stiandecs@aol.com --30--et/ny* CONTACT: LaGuardia GFS: 1-800-292-1361 email: comercio@riogrande.net.com KEYWORD: NEW YORK INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Oct-04-1999 08:50 GMT Symbols: US;SETO Source BW Business Wire