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News for 'SEIH' - (S3 Investment Company Releases August 2005 Investor Newsletter)
TEMECULA, Calif., Aug 08, 2005 (BUSINESS WIRE) -- S3 Investment Company (OTCBB:SEIH) today released its August 2005 investor newsletter, which can be viewed on the company website at www.s3investments.com/newsletter.asp. A text-only version will be sent out electronically to those subscribed to the company's email alert system.
This month's issue includes a review of the noteworthy events in the month of July, including portfolio investment company SINO UJE, Ltd. surpassing $1 million in gross revenue for SINO through the first half of the calendar year. These numbers include a particularly strong performance in the second quarter of the calendar year.
Also featured is an article on DALIAN FUSHI Bimetallic Products, Ltd., an investment banking client of portfolio company Redwood Capital, embarking on a three-week road show in the United States to introduce DALIAN FUSHI to key investment contacts. The primary purpose for the road show was to allow DALIAN FUSHI management to meet with small cap and micro cap fund managers in the U.S. that are targets to fulfill the PIPE (Private Investment in Public Equity) financing that is part of the reverse merger/financing process. The road show included presentations in New York City, Boston, Dallas, Denver, Chicago, Los Angeles and San Francisco.
The newsletter discusses Redwood Capital initial investment banking agreement with Xingye Copper, which has now progressed further, with a definitive agreement anticipated in the coming days.
S3 Investments' chairman and chief executive officer, Chris Bickel, commented, "Upon my return from China, I expect to take the first opportunity to discuss recent events and the ongoing activities of our portfolio investments. I look forward to bringing S3 shareholders up to speed on the Company's current status and highlighting the increased value we expect as our subsidiaries continue to grow."
S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems Inc. (http://www.securesoftsystems.com), was acquired in April 2003. S3 Investments has subsequently acquired 100% of Redwood Capital (http://www.redwoodcapinc.com) to participate in the fast-growing investment banking market in China and 51% of SINO UJE (http://www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
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News for 'SEIH' - (S3 Investment Company Files Form 4 on CEO Stock Purchase)
TEMECULA, Calif., Aug 16, 2005 (BUSINESS WIRE) -- S3 Investment Company, Inc. (OTCBB:SEIH) today announced that a Form 4 Statement of Change in Beneficial Ownership of Securities has being filed with the Securities and Exchange Commission reporting the purchase of 3,817,000 shares of common stock by chairman and chief executive officer Chris Bickel. On August 11, 2005, Mr. Bickel purchased the shares in the open market at a price of $.00102 per share.
"The revenue growth of our two active portfolio investments, SINO UJE and Redwood Capital, and the strong performance of both of these companies over the past several months has only strengthened our belief that S3 is building value for its shareholders," commented Mr. Bickel. "After monitoring the progress of SINO and Redwood during our most recent trip to China, we anticipate that each will continue to see significant deal flow through the foreseeable future and are expected to far surpass this year's revenue projections in 2006.
"Management remains firmly committed to supporting its common stockholders, and will consider additional stock purchases in the future. As we stated earlier this year, if the company continues to believe the company's common stock is undervalued at its current trading price, S3 will consider all possible remedies, including a stock buyback plan," added Mr. Bickel.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems Inc. (http://www.securesoftsystems.com), was acquired in April 2003. S3 Investments has subsequently acquired 100% of Redwood Capital (http://www.redwoodcapinc.com) to participate in the fast-growing investment banking market in China and 51% of SINO UJE (http://www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
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