S3 Investment Company Files Form 4 on CEO Stock Purchase Business Wire - August 16, 2005 10:09
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.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
SOURCE: S3 Investment Co.
Gemini Financial Communications for S3 Investment Co. A. Beyer, 951-587-8072 investors@s3investments.com
Copyright Business Wire 2005
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