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

To: Marshall who wrote (2996)	3/3/2000 10:32:00 AM
From: Michael L	Read Replies (1) \| Respond to of 3222

This board sure is quiet. Some news today. Good Luck all biz.yahoo.com Friday March 3, 8:32 am Eastern Time Company Press Release SETO Holdings, Inc. Becomes an Authorized Agent for Cadence Design Services in Malaysia BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 3, 2000--SETO Holdings, Inc.(OTC BB:SETO - news) has been awarded a contract as an authorized agent of Cadence Design Systems, Inc., a NYSE company (symbol: CDN), www.cadence.com to market and promote Cadence's design Services in the manufacturing sector of Malaysia. SETO will be assisting Cadence in handling sales, account management and related issues. Cadence will be responsible for delivery, technical support and training, as reported by Mr. Gene Pian, SETO's President and CEO. Gene Pian, also said, ``As an agent for Cadence Design Systems, SETO has the technical support for its new products under development. In addition SETO will have access to new customers for contract manufacturing for SETO's Fimas Electronics and FUJI Fabrication subsidiaries. With the explosion of the telecommunication markets worldwide, SETO has immediate plans to enter into new state of the art products, manufactured by SETO subsidiaries and sold direct to major OEM's, Telecommunication companies and service suppliers. One of these developed products is an ADSL (Asymmetric Digital Subscriber Line) a connecting device for very high-speed transmission over existing telephone lines for modems, movies, television, dense graphics and data.`` 'Ovum Virtual Press Center`` estimates 19 million XDSL (ADSL is one of the types of DSL) lines globally by 2003. SETO expects the marketing and technical review for a number of products will be completed shortly. The up to date list of new SETO products now under development, will be announced soon, along with a number of new potential JV partners, focused on Internet and Telecommunication products, said Gene Pian. The SETO web site is in the process of being expanded with new accessories for the cellular phone market and power tools. Consumer products to follow. DTI/STI diamond tools and ECS technical ceramics continue to grow. A new PR / IR firm is expected to start during March 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, rechargeable batteries for all uses, consumer electronics such as home theater sound systems, DVD, VCD, VCR players. ``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.