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

To: Johny Dancing who wrote (3005)	3/6/2000 2:01:00 AM
From: Dave Gore	Respond to of 3222

Yes, I have held SETO for some time now. There are too few profitable, fully reporting OTC BB companies. Sooner or later they all reach a fairer valuation. SETO will too, imo.

To: Johny Dancing who wrote (3005)	3/6/2000 9:50:00 AM
From: Dave Gore	Respond to of 3222

Great news today of new telecommunications products. What timing! (COMTEX) B: SETO Holdings, Inc. Forms a New Company SETO -M- Sdn Bhd Malaysia as a Joint Venture in the Telecommunications Industry BRIARCLIFF MANOR, N.Y., Mar 6, 2000 (BUSINESS WIRE) -- SETO Holdings, Inc. (OTC BB:SETO) announced today the incorporation of SETO (M) Sdn Bhd for a Joint Venture with Global Electronics Sdn Bhd in Penang Malaysia for the development and marketing of telecommunication products for the world wide market. The first products to be launched are: (1) a Windows-based Net PC and NC terminal, (2) a 1000 S Web and handset for Internet access with built in modem, (3) a SetoTalk Standalone Internet Phone Device with Speaker Phone and Microphone, and (4) an ADSL modem for multi user applications. Other products, already in design phase, will follow in the coming months. Mr. Gene Pian, president of SETO said, " The new telecommunication products will be manufactured and marketed by wholly owned subsidiaries or joint venture partners of SETO Holdings, Inc. The immediate markets will be in SE Asia and China with expansion into the USA and Europe during first quarter of 2001. SETO (M) is already in negotiations for an ADSL system for a government project in Malaysia and is expect to be in production within 4-6 months. Estimated revenue for the first year for ADSL products alone is $4.4 million." Adding telecommunication products broadens our customer base, expands the product lines for SETO's e-commerce web site and increases the profit margins for the contract manufacturing subsidiaries because we are producing and selling direct to the end users, said Gene Pian. Details of each product will be available soon on the SETOHOLDINGS.com web site. 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. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: SETO Holdings, Inc. Gene Pian (Investor Relations) Tel.: 914/923-5000 Fax: 914/923-6225 stiandecs@aol.com or Company web sites: www.SETOHOLDINGS.com, www.stidiamond.com www.ecsceramics.com www.fujifab.com, www.hk-batteries.com.hk WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INTERNATIONAL ASIA PACIFIC