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

To: Victor Lazlo who wrote (3083)	5/18/2000 3:38:00 PM
From: Tbk	Read Replies (1) \| Respond to of 3222

Check it out!!!! Great news! SETO is moving now!!!! (BSNS WIRE) SETO Holdings Inc. Announced Today Receiving Exclusive Represen SETO Holdings Inc. Announced Today Receiving Exclusive Representative / Distribution Agreements for the USA From Two of the Largest Power Tool Manufacturers in Hong Kong and China Business Editors BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--May 18, 2000--SETO Holdings Inc. (OTCBB:SETO) today announced that it has received agreements from two of the largest power tool manufacturers in China for distribution in the United States to major retail chains such as Home Depot, Ace Hardware, Lowe's and others. SETO expects the new Power Tools products being offered by SETO will increase the forecast revenue for the present year by $10 million. Net profits are estimated at 10 to 12% for the Power Tools and replacement batteries. The manufacturers that have awarded SETO the exclusive distribution rights to these customers have a combined workforce of 17,000 and have been supplying Europe and Asia for many years as an OEM and private label manufacturer. SETO is confident with this agreement as SETO's subsidiaries, Hong Kong Batteries Industries in Hong Kong and China and Fuji Fabrication Sdn Bhd in Malaysia, are already rechargeable battery suppliers for these power tools, coupled with the fact that we have known the manufacturers for a number of years and established close working relationships. Due to the large quantities being quoted, SETO felt the need to have two approved sources that understand and have experience with western quality requirements. This includes UL approval in the USA and CE in Europe and both companies having ISO 9000 approval, said Gene Pian, SETO's President. Included in the product lines are battery and electrical power tools. The aftermarket replacement batteries will be manufactured and sold direct through the SETO subsidiaries which will provide a higher revenue product than the power tools. Concerning the news release of May 17, 2000 the signing of the MOU with CCT, additional information is available on the Internet at www.cct.com.hk About SETO Holdings, Inc. Founded in 1975, SETO Holding, Inc. 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; and Consumer products such as cellular phone batteries, rechargeable batteries for uses, consumer electronics and telecommunication devices. Please visit the Company's web sites: www.SETOHOLDINGS.com, www.stidiamond.com, www.ecsceramics.com, www.setomall.com, www.hk-batteries.com.hk,

To: Victor Lazlo who wrote (3083)	5/19/2000 1:46:00 PM
From: Phatt Jake	Respond to of 3222

Anyone notice the MM activity over the past week or so? NITE has been totally absent until yesterday, and today they are the main player. Everytime someone else joins on the low bid or high ask, they either match or better it. Right now GVRC and FLTT are showing a bid of 1 27/32, while NITE is posting a bid of 1.84375 (THE SAME PRICE). On the ask side there is NITE @ $1.90 and GBIC @ 1 29/32 (which is $1.90625). NITE is undercutting the ask by $0.00625. That is 5/8 of a penny. Cutting it pretty damn close. So I ask the question, why the #### is NITE all the sudden so active after over a week of absence. It looks like they are trying to manage both the bid/ask tight tight tight to prevent movement. Anyone elses comments would be welcome. GO SETO OR GO HOME!! PhattJake