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To: Alan Coccio who wrote (7627)	2/25/1999 10:54:00 AM
From: Due Diligence	Read Replies (2) \| Respond to of 15987

SETO news: Fully Reporting, profitable. DD quote.yahoo.com (BSNS WIRE) Seto Holdings, Inc., Formerly Semicon Tools Inc., Announced Seto Holdings, Inc., Formerly Semicon Tools Inc., Announced Receiving a Long Term Purchase Order From Seagate Penang Malaysia Business Editors BRIARCLIFF MANOR, NY--(BUSINESS WIRE)--Feb. 25, 1999--SETO Holdings, Inc.(OTC BB:SETO) Mr. Pian, SETO's President, said SETO has received a long term purchase order from SEAGATE Penang Malaysia a subsidiary of SEAGATE USA, valued at approximately $500,000 USED. for DTI Technology Sdn Bhd , SETO's wholly owned subsidiary in Penang. Seagate, the world's largest hard disk drive manufacturer awarded SETO (DTI Technology Sdn Bhd subsidiary,) a sole source contract for a ceramic slider plate used in the manufacture and fabrication of the drive head memory material. A consumable item for every disk drive manufacturer. ECS, East Coast Sales Inc. New York, another SETO subsidiary was instrumental in supporting the technology knowhow to produce these parts and will continue to supply whatever is required by SEAGATE to satisfy their needs. This is the first major product in a new industry for SETO, with several more products and potential customers now in the process of evaluating this and other SETO products for the hard disk drive industry. Test results are expected over the next 3 to 6 months which is expected to results in firm purchase orders. It is too soon to estimate the value of these potential orders. These additional products and the increase growth in the original product lines along with the battery packs for cellular phones, should have a dramatic impact in the growth of SETO, in the coming years. Preliminary estimates for last year ending January 31, 1999 are revenue at $2.8 million with EPS of $.03 Final numbers are expected by mid to the end of March 99. 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 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. --30--kam/nys CONTACT: Investor Information: Direct to SETO HOLDINGS, Inc. and Parrex Associates, Inc. Paul Alper tel 973/492-2208/fax 973/492-2550 Company web site: www.stidiamond.com email: stiandecs@aol.com KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING BUILDING/CONSTRUCTION TRANSPORTATION PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com end of story *