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

To: MSo who wrote (1466)	3/1/1999 10:55:00 AM
From: Due Diligence	Read Replies (1) \| Respond to of 3222

SETO NEWS: (BSNS WIRE) Seto Holdings, Inc. Announced Today the Plans for an Electro Seto Holdings, Inc. Announced Today the Plans for an Electronic Commerce Web Site For: Direct Selling of Cellular Phone Batteries and Other Consumer Products Business Editors BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 1, 1999--SETO Holdings, Inc.(OTC BB:SETO) Mr. Pian, SETO's President, announced plans to form a separate marketing entity focusing on direct sales of cellular phone batteries manufactured by its wholly owned subsidiary, Fuji Fabrication Sdn Bhd, for a electronic commerce web site currently under development. Mr. Pian said, "We are very confident that this will be a huge success for SETO for three important reasons, the first is the in-house manufacturing of the batteries in a low cost labor area, second is the recently announced duty and tax free advantages that reduced our manufacturing costs and the third is the long term experience (since 1975) of warehousing and distribution of many products through our ECS division based in New York." The cellular replacement batteries are available for most models of Motorola-Nokia-Ericsson-Nec-Alcatel-Philips and ATT cellular phones, in the popular type of cells ( LI-ION / NI-MH / Ni-CD ). Other models of phones, pagers and LAP Top / Palm computer batteries will be added as soon as possible. The INTERNET site is planned to be operational soon and will be very user friendly. 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: 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--ks/ny* CONTACT: Contacts for 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: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS CHEMICALS/PLASTICS RETAIL 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 *