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Asaba Group Holdings - SET Enterprises Announces Organizational Changes

WARREN, Mich., Aug. 29, 2012 /PRNewswire/ -- SET Enterprises, Inc., a leading provider of steel processing, duct manufacturing and construction services with operations in Michigan, Indiana, Illinois and Alabama, today announced that Victor Edozien will be joining the Company as President and CEO. Edozien brings a wide array of automotive and manufacturing experience and will assist the Company as it continues to execute its growth initiatives. Concurrent with Edozien assuming the role of President and CEO, he, through AG-Steel, LLC (an affiliate company of The Asaba Group, Inc), has also acquired a significant equity position in the Company.

Sid E. Taylor, Chairman of SET Enterprises, Inc. commenting on the addition of Edozien stated, "With our recent expansions into Alabama, our entry into the Heating, Ventilation and Air-Conditioning (HVAC) Duct and Construction industries as well as our growth in our core businesses including automotive, we recognized the need to expand our organizational resources, and are very fortunate to be able to add a person of Victor's caliber to the SET team. In addition to Victor having been a SET Enterprises Board Member for the past five years, I have worked with Victor on other ventures and know he will bring significant strength to the organization on a day-to-day basis in the core areas of operations, quality and finance. Additionally, with Victor acquiring an equity position in the Company, we set the foundation for a long-term succession plan that will carry the Company well into the future."

Victor Edozien is the founder/Managing Principal of The Asaba Group, Inc – a strategy consulting/private equity holding company and is a veteran of the US Army. He has been in the automotive business for over 15 years and operates other automotive businesses under AG-Manufacturing Inc. (an affiliate of The Asaba Group) with locations in Harbor Beach, MI, Rochelle, IL, and Wetumpka, AL.

SET Enterprises, Inc., led by Sid E. Taylor, a Vietnam veteran and former Ernst and Young Entrepreneur of the Year recipient, has been a provider of steel processing services since 1989. SET has a long-standing reputation as a leader in providing high-quality, cost effective solutions to its automotive OEM customer base and their Tier I and Tier II suppliers and more recently to the HVAC Duct and Construction segments. SET Enterprises is a Minority Business Enterprise (MBE) as certified by the Michigan Minority Supplier Development Council (MMSDC) and a Veteran Owned Enterprise (VBE).