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To: Elio Madama who wrote (10741)3/30/1999 12:43:00 PM
From: Bouf  Read Replies (1) | Respond to of 15987
 
SGDE..just announced deal with AMZN...sporting goods company... could be BIG for this $6 company!!



To: Elio Madama who wrote (10741)3/30/1999 2:30:00 PM
From: Due Diligence  Read Replies (1) | Respond to of 15987
 
SETO NEWS...
Tuesday March 30, 1:45 pm Eastern Time
Company Press Release
SETO Holdings Announces Signing Agreements With Three Major Distributors to
Sell DTI Diamond Jewelry Tools and Supplies in Vietnam, Philippines and
Dubai/U.A.E.
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 30, 1999--SETO Holdings,
Inc.(OTC BB:SETO)--Mr. Pian, SETO's President, said ''DTI Technology Sdn Bhd, a
wholly owned subsidiary of SETO Holdings, Inc. New York, has signed agreements
with three major distributors of jewelry diamond tools and supplies in the Philippines,
Vietnam and Dubai/U.A.E., which includes all of the Mid East and North Africa.''

Mr. Khor Yee Koon, DTI Technology's newly appointed group marketing manager
and Ms. Chia Lai Hoo a Director of DTI Technology have extensive technical
experience selling diamond tools and supplies to the jewelry industry. Mr.Pian said
that ''although the DTI diamond tool product line for the jewelry industry has not
been a major revenue producer for SETO in the past, mainly because of other
priorities and limited personnel, we now have the technical support and
sales-distributor network in three key areas of SE Asia.''

Mr. Pian said, ''the jewelry manufacturing industry is a natural for DTI Technology
because the manufacturing process for the diamond tool dressers we have been
producing since 1983, is the same for the jewelry cutting tools and the
manufacturing and fabrication methods of the casting items for gold and silver
jewelry are the same as the Seagate and Read Rite slider plates, now being
produced at DTI Technology.'' Mr. Pian also said, ''with the additional production
capacity and sales support available in DTI for these products, we will aggressively
pursue these markets.''

DTI Technology a wholly owned subsidiary of SETO Holdings, Inc. manufacturers
slider plates for Seagate Technology (NYSE: SEG - news) and Read-Rite(NASDAQ:
RDRT - news)

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.

--------------------------------------------------------------------------------
Contact:

Investor Relations:
LaGuardia Global Financial Services
Monterrey, Mexico and San Luis Potosi, Mexico
Toll free 1-800-292-1391
E-mail: comercio@riogrande.net.mx
- or -
Company web site: www.SETOHOLDINGS.com
or: www.stidiamond.