NEWS (SETO)
Stock Symbol: SETO
COLUMBIA, MD, February 25, 2010 - SETO Holdings, Inc. (Publicly traded as: SETO) is pleased to announce the opening of multiple new hearing centers in Maryland and Virginia. In 2009, Advanced has significantly increased its footprint in various markets in Virginia and Maryland. As of the end of this month, we have offices offering hearing care and related services
in the following cities: VIRGINIA (5): Charlottesville, Midlothian, Fredericksburg, Glen Allen and Lynchburg. MARYLAND (11): Annapolis, Bel Air, Catonsville, Columbia, Dundalk, Glen Burnie, Lutherville, Pikesville, White Marsh, Laurel, Montgomery Village. This represents a significant increase in our presence in both states, with 16 offices total, as of the issuance of this update.
We have also upgraded our facilities with new and better locations (new offices) in Bel Air, Maryland, Columbia, Maryland, White Marsh, Maryland and Catonsville, Maryland.
We also plan to open (4) additional centers in the immediate future in the cities of Fairfax, VA, Westminster, MD, Colonial Heights, VA, Frederick, MD. These are at various stages of development. We anticipate that Fairfax, Virginia and Westminster, Maryland will be operational sometime during April or May, 2010 (the grand opening dates will largely depend on lease finalization, build-out/construction and other practical considerations), with the other additional centers to follow shortly thereafter. We have made significant progress in the implementation of all of these new hearing centers.
During 2009, Advanced Hearing Centers accomplished several milestones, including hiring new staff which is not only enhancing the quality of our services, but is further fueling our expansion into various markets and into the various sectors of the hearing health care field. We enjoy favorable terms with multiple hearing aid manufacturers which keeps our negotiated pricing of product far lower than that of our major competitors in the various local markets in which we operate.
With America’s population aging the general trend will be an increase in the demand for our services in the years and decades to come. Advanced looks forward to a favorable year during 2010.
10/27/2009 ANNOUNCEMENT: SETO HOLDINGS, INC.
COLUMBIA, MD., October 27, 2009 -- SETO Holdings, Inc. (Publicly traded as: SETO) is pleased to announce the grand opening of its newest hearing centers in Annapolis, Maryland. Address: Advanced Hearing Centers, Inc. (Annapolis ,MD) 1997 Annapolis Exchange Prky., Ste. 300 Annapolis, MD 21401
Phone: 877-841-HEAR (4327)
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10/08/2009 ANNOUNCEMENT: SETO HOLDINGS, INC.
COLUMBIA, MD., October 8, 2009 -- SETO Holdings, Inc. (Publicly traded as: SETO) is pleased to announce the grand opening of its newest hearing centers in Charlottesville, Virginia and Glen Allen, Virginia. Address Charlottesville: Union Bank & Trust Building, 1658 State Farm Blvd., Ste. D, Charlottesville, VA 22911. Address Glen Allen (Short Pump): 10120 West Broad Street, Ste. G, Glen Allen, VA 23060. Advanced also plans additional centers in Annapolis, MD, Lynchburg, VA and Fairfax, VA in the coming months, in addition to further expansion into Montgomery county, MD in 2010.
08/17/2009 ANNOUNCEMENT: SETO HOLDINGS, INC.
COLUMBIA, MD., August 17 -- SETO Holdings, Inc. (Publicly traded as: SETO) is pleased to announce the grand opening of its newest hearing center in Montgomery Village, Maryland – Advanced’s first hearing center in Montgomery County, Maryland. Advanced plans several additional area offices in Montgomery County. The local office address is: 18572 Office Park Drive, Montgomery Village, Maryland. Ph: (1-877-All-Ears, 1-877-255-3277) .
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For further information about Advanced Hearing Centers, Inc. you can go to ADVANCED's web site (www.877allears.com). Forward-Looking Statements: Statements in this new release for the public company and any other statements about its future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Forward-looking statements are based on the beliefs, opinions, and expectations of management at the time they are made, and the public company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
07/27/2009 ANNOUNCEMENT: SETO HOLDINGS, Inc. signs two additional leases for two new Hearing Centers in Maryland and Virginia.
COLUMBIA, Md., July 27 /PRNewswire-FirstCall//-- SETO Holdings, Inc. (PinkSheets: SETO) is pleased to announce that it (ADVANCED) has executed two new leases for it’s third hearing center in Virginia at 10120 West Broad Street, Suite G, Glen Allen, Virginia (Short Pump area) and for an additional hearing center in Montgomery Village (Gaithersburg), Maryland. Management anticipates that both new centers will be operational by about September 1, 2009.
For further information about Advanced Hearing Centers, Inc. you can go to ADVANCED's web site (www.877allears.com).
Forward-Looking Statements: Statements in this new release for the public company and any other statements about its future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Forward-looking statements are based on the beliefs, opinions, and expectations of management at the time they are made, and the public company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
06/22/2009 ANNOUNCEMENT: ADVANCED is pleased to announce the opening of its second Hearing Center in Virginia at 1244 Sycamore Sq. (Shopping Center), Midlothian (Richmond, VA).
06/15/2009: SETO: OTC
ANNOUNCEMENT: ADVANCED HEARING CENTERS, INC. (Advanced) is now publicly traded and is a wholly owned subsidiary of Seto Holdings, Inc. You may further research the Seto/Advanced at any of the financial / stock quote sites, e.g. Google Finance: , or Yahoo finance.
Stock symbol: SETO
2:56 PM ET 6/15/09 | PR Newswire
SETO Holdings, Inc. (Pink Sheets: SETO) announced that it has acquired from Sanjay Srivastava 100% of the capital stock of Advanced Hearing Centers, Inc. ("ADVANCED"), a Maryland corporation formed in 2004, in exchange for the issuance of 70,095,456 shares of common stock of SETO to Mr. Srivastava. ADVANCED provides hearing services and retails hearing aids from 11 locations in Maryland and one in Virginia. Mr. Srivastava has been appointed President, CEO and sole director of SETO. Mr. Eugene Pian, has resigned as an officer and director of SETO on close of this acquisition.
SETO has also subsequently sold all of SETO's former businesses as conducted by its subsidiary companies to ECS Manufacturing, Inc. ("ECS"), a company controlled by Mr. Eugene Pian, a former officer and director of SETO. As full consideration for these subsidiary companies, Mr. Pian has returned to treasury 8,488,086 shares of SETO's Common Stock held in his name and ECS and he has assumed all the liabilities of the SETO subsidiary companies acquired. Mr. Pian has ceased all affiliation with SETO.
After taking into consideration the foregoing transactions, SETO has 77,923,120 shares of Common Stock issued and outstanding, of which the public shareholders continue to own 7,792,312 shares, or 10% thereof.
The public company will schedule a conference call with existing and new shareholders. On this call Mr. Srivastava will discuss the public company's business and the forward looking goals of ADVANCED. You can also go to ADVANCED's web site (877allears.com) or contact Richard Kepler, ADVANCED's Director of Investor Relations, at 1-877-LOTUS-06 (1-877-568-8706).
Forward-Looking Statements: Statements in this new release regarding future financial and operating results, future expansion and growth, opportunities for the public company and any other statements about its future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements, There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital and economic conditions generally. Forward-looking statements are based on the beliefs, opinions, and expectations of management at the time they are made, and the public company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
SOURCE: SETO Holdings, Inc.
May 19, 2009 Press Release - ADVANCED enters into agreement with SETO Holdings.
PR Newswire
SETO Holdings, Inc. (Pink Sheets: SETO) announced that it signed a definitive agreement to acquire from Sanjay Srivastava 100% of the capital stock of Advanced Hearing Centers, Inc. ("ADVANCED"), a Maryland corporation formed in 2004 which provides hearing services and retails hearing aids from 11 locations in Maryland and one in Virginia. It is a condition to the closing of the ADVANCED acquisition that the public company shall sell all of SETO's current businesses, i.e., industrial ceramics fabrication and contract manufacturing, to Eugene Pian, SETO's President, in exchange for all the shares of SETO Common Stock he owns, and that Mr. Pian will resign as an officer and director and cease all affiliation with the public company.
The closing is expected to take place on or about May 22, 2009. Following the closing there will be issued and outstanding 77,923,120 shares of the public company's Common Stock, of which the public shareholders will continue to own 7,792,312 shares, or 10% thereof. Sanjay Srivastava, ADVANCED's founder and CEO, will become the owner of 90% of the outstanding Common Stock of the public company and he will become President and CEO of the public company.
The public company will schedule a conference call after the closing to existing and new shareholders. On this call Mr. Srivastava will discuss the public company's business and the forward looking goals of ADVANCED. You also now can go to ADVANCED's web site (877allears.com) or contact Richard Kepler, ADVANCED's Director of Investor Relations, at 1-877-LOTUS-06 (1-877-568-8706).
The public company intends to seek to raise additional capital through a private placement, using the proceeds to help finance expansion of ADVANCED's hearing centers. In addition Mr. Srivastava intends to obtain the necessary audited financial statements and have the public company again make appropriate filings with the Securities Exchange Commission and become subject to the reporting requirements of federal securities laws.
Forward-Looking Statements: Statements in this new release regarding future financial and operating results, future expansion and growth, opportunities for the public company and any other statements about its future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements, There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital and economic conditions generally. Forward-looking statements are based on the beliefs, opinions, and expectations of management at the time they are made, and the public company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
SOURCE SETO Holdings, Inc.
October 1, 2008: ADVANCED opens its first Hearing Center in Virginia (Fredericksburg)
08/17/2009 ANNOUNCEMENT: SETO HOLDINGS, Inc.
COLUMBIA, MD., August 17 -- SETO Holdings, Inc. (Publicly traded as: SETO) is pleased to announce the grand opening of its newest hearing center in Montgomery Village, Maryland – Advanced’s first hearing center in Montgomery County, Maryland. Advanced plans several additional area offices in Montgomery County. The local office address is: 18572 Office Park Drive, Montgomery Village, Maryland. Ph: (1-877-All-Ears), (1-877-255-3277)
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For further information about Advanced Hearing Centers, Inc. you can go to ADVANCED's web site (www.877allears.com). Forward-Looking Statements: Statements in this new release for the public company and any other statements about its future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Forward-looking statements are based on the beliefs, opinions, and expectations of management at the time they are made, and the public company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.