To: TraderGreg who wrote (2239 ) 4/14/1999 9:40:00 AM From: KZAP Respond to of 3222
SETO HOLDINGS, INC. (OTC:BB SETO) UPDATE WWW.SETOHOLDING.COM Continuing our coverage of SETO Holdings, Inc. (OTC:BB SETO), We continue to be BULLISH on SETO, and we firmly believe that this stock is undervalued at these levels. Once the financials are released we feel this stock will move into a more natural trading range around $1.50/share. Mr. Pian is currently in Indonesia and was very excited about new relationships he is forming there, in Singapore and Tokyo. He wasn't specific but did say that he was reviewing new relationships that could greatly expand FUJI's production and sales. FUJI is still scheduled to open its new web site by mid-May, and it now looks that a 400% increase in production and sales for FUJI may be on the low side. We are reluctant to say whether or not the financials will be released before the end of this week. We can say that the financials will definitely be completed no later than the end of April, as the 10k is due to be filed with the SEC no later than April 30th. La Guardia GFS reports the information as it is disseminated to the public. We operate as the public mouthpiece for this entity, and we try report on a daily basis the ongoing of this company. Mr. Pian has assured us that the financials are being finalized. The reversed acquisition of Tieck Tatt and the forward acquisition of FUJI Fabrication have required additional audits, and the timing is slightly later than expected. Mr. Pian said that he was sorry that the financials were later than he himself originally thought possible, but that they would be available soon. When we asked him to be more specific he declined, saying that he doesn't want to be wrong again. I don't blame him, as several investors have even denounced the credibility of La Guardia over not meeting deadlines. We would like to re-iterate that no deadlines have been past. We have reported on the activities of SETO as they have been presented to us. Carlos Saldana, President of La Guardia GFS stated, "Our core client base does not exist on the Internet. They are well healed individual investors, and we do our best to translate all information directly to those individuals, as we know they are holding large positions in SETO. We do not intend on neglecting our Internet clientele, but I must admit that we are new to the ‘CyberWorld' and are cutting our teeth with www.DosComercios.com. For this reason, we have not been able to update our web site as often as we would like to, and we have been unable to respond to all of the different questions that have been posted and presented in various posting forums such as Silicon Investor and Raging Bull. We would encourage all investors who are truly interested in the most up to date information to visit our web site, and post their requests and concerns on the SETO Board in our Posting Forums, doscomercios.com ." La Guardia has been compensated by SETO to manage their investor relations ($5k cash retainer / 150k shares of restricted stock, said stock is restricted until March 12, 2000). In addition to the above listed compensation, La Guardia GFS has purchased in excess of 180k shares of stock on the open market over the past 30 days, and will continue to acquire additional shares in SETO as our portfolio management protocol will allow. As always, we encourage and recommend highly that any investor do their own due diligence prior to making any investment, and we do not advocate purchasing shares in any company based on this recommendation and/or technical analysis alone. PLEASE CONTACT LA GUARDIA GFS AT 800.292.1361 OR COMERCIO@RIOGRANDE.NET.MX