SETO Announces Filing for ISO 9002 Certification for FUJI Fabrication and the Expansion of the SETO Corporate Headquarters in Malaysia.Business Editors BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--Aug. 22, 2000 SETO Seto (sā`tō), city (1990 pop. 126,340), Aichi prefecture, central Honshu, Japan. It has been an important porcelain center since the 13th cent. Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SETO) today announced that it has completed the installation of the quality management systems (QMS (1) (Minolta-QMS, Inc., Mobile, AL) A manufacturer of laser printers founded in 1977 by Jim Busby. Initially involved with controllers for printing bar codes and labels, it entered the laser printer business in the mid-1980s and set numerous records. ) and training of the staff at Fuji Fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. Sdn Bhd, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SETO Holdings Inc., for submission of the documentation to SIRIM, the Malaysian certification authority. Mr. Francis Ee, system manager, reported that everything is going well and FUJI Fab is expected to receive full certification by March 2001. The certification of ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 will assure the present customers and satisfy the requirements for the major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and cellular phone manufacturers that FUJI is capable and certified to manufacturer rechargeable battery packs to their requirements, said Richard Tan, SETO Holdings (M) representative and business development director for all Asian operations. In addition, Mr.Tan Hun Chin, Corporate Director of SETO Holdings N.Y. and COO of SETO Holdings (M), said that "SETO Holdings (M) increased the staff with an Internal Audit Manager Mr. Lee Cheng Wooi, a graduate of the University Malaysia with a Bachelor of Accounting degree with honors. Mr. Lee has a vast accounting background with Ernst & Young as audit manager, Price Waterhouse and others since 1988. Also joining SETO are Ms. Ng Ailing (Irene) joins SETO as the Financial Analyst with a LCCI LCCI London Chamber of Commerce LCCI Lahore Chamber of Commerce and Industry LCCI Liberal Catholic Church International LCCI Lambda Car Club International Higher Group Diploma from Kolej Komuniti Mertajam with over 10 years of experience in manufacturing and bonded warehousing companies, and Mr. Edwin Tan Saik Chin as the System Administrator with a NCC NCC See National Clearing Corporation (NCC). diploma from the Institute Perkim Goon and with 5 years experience setting up and maintaining computer systems, while training internal and newly hired staff, as required. The addition of the talent and experience of these three individuals is a real asset to support the continuing worldwide growth of SETO; we are proud to have them with SETO." SETO News Letter Summer 2000 is Now Posted On www.setoholdings.com About SETO Holdings, Inc. Founded in 1975, SETO Holdings, 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.setoEmall.com, www.hk-batteries.com.hk Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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