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SETO Holdings, Inc. Signs Agreement to Acquire Advanced Hearing Centers, Inc. and Will Dispose of All Existing Business; New Management to be Installed
Date:5/18/2009

BRIARCLIFF MANOR, N.Y., May 18 /PRNewswire-FirstCall/ -- 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. ("AHC"), 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 AHC 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, AHC'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 AHC. You also now can go to AHC's web site (877allears.com) or contact Richard Kepler, AHC's Director of Investor Relations, at 410-440-9700.

The public company intends to seek to raise additional capital through a private placement, using the proceeds to help finance expansion of AHC'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 Commissi
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SOURCE SETO Holdings, Inc.
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