GENERAL

SETECH, INC., formerly named Aviation Education Systems, Inc., is a Delaware corporation (the "Company") formed in 1987. The Company is engaged in the businesses of providing "integrated supply"/inventory management services, general line industrial distribution services, as well as job shop machining, engineering products and services, to a variety of industries including automotive, aviation, and medical through its three subsidiary corporations:

Titan Services, Inc. ("Titan"). Southeastern Technology, Inc. ("Southeastern") Lewis Supply Company, Inc. ("Lewis")

In August 1996, the...