SETO Announces Signing MOU With VMS Technology Sdn Bhd.Business Editors BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--Dec. 13, 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-SETO) today announced that its 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. SETO Technology Dot Com Sdn Bhd has signed a MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. Technology Sdn Bhd to form a JV company to develop marketing in China, USA and Malaysia for VMS's products and services (www.vmstechnology.com). The JV Company will handle the localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. , development and marketing of VMS products to enhance the telecommunications sector of SETO worldwide. VMS Technology Sdn Bhd is a MSC-status (Multimedia Super Corridor) company, was incorporated in February 1996 and consists of talented and highly motivated professionals with complimentary core competencies in R&D of Computer Telephony (CT), the convergence technology of computers and telephones. The core competency areas are namely Voice processing hardware & software, Unified Messaging System, Interactive Voice Response System, PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). integration (Private Branch Exchange), Property Management System Interface, Internet Integration, Internet Telephony, Voice Recognition, text-to speech, PC phone with phone book, Voice logging & voice recognition, NMS See NetWare Management System. digital trunk E1/T1 Integration. As Tan Hun Chin COO of SETO Malaysia and Lee Swee Leong Marketing Director of SETO Technology Dot Com said, "VMS is well equipped to provide Computer Telephony solutions tailored to business requirements specifically in Interactive Voice Response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) technology. VMS has a host of IVR and CT solutions such as Audio Text, a service center hotline, automated sales agents, call center, telebanking, election campaign systems and Human Resource Service Program." Other products include: Voice Mail System, Advanced Call Accounting System (Breakdown of phone charges by department to monitor utilization thus reduces telephone abuse) and Total Enterprise Communication System (TECS) the next generation digital convergence technology which is now available to replace typical PBX that allows small office-home office (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) operation, small to medium enterprises and branch offices to plug their phones into personal computers carrying TECS. It will instantly connect a myriad of otherwise disparate functions such as PBX, voice mail, fax mail, e-mail, call billing, Text-to-speech, automated call distribution, internet based configuration and more. (RED TONE) tm, TECS's features are PBX functionality with Automated Attendant; Unified Messaging System that integrates Voice mail, e-mail and fax; smart software application for least-cost-routing; web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. based interface for easy set up; remote mail access from office, home or on the road; easy-to-use interface for fuss-free operations and finally Smart Book - the ultimate feature phone. TECS is software-centric functionality that enhances flexibility and it is expandable. About SETO Holdings, Inc. Founded in 1975, SETO Holdings, Inc. operates as a broad based technical manufacturer in three 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 use in 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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