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News for 'SEIH' - (S3 Investment Company Announces New Sales of Product Line for SINO UJE Subsidiary)
TEMECULA, Calif., Apr 28, 2005 (BUSINESS WIRE) -- S3 Investment Company (OTCBB:SEIH) today announced that portfolio investment company SINO UJE Ltd. has achieved new sales for supplier Process Sensors Corp., a leading manufacturer of state-of-the-art moisture gauges and sensors. As a result of its successful marketing efforts, 15 orders gauges were received this week by SINO UJE from the Chongqing Tobacco Factory, the eighth leading producer of tobacco in China.
Process Sensors Corp. (PSC) has been a SINO UJE exclusive supplier since November 2004, and while SINO UJE has closed a number of sales since that time, the latest order is the largest single order thus far.
SINO UJE Managing Director Li Jun commented: "We are pleased to report this sale of PSC gauges and expect additional growth in this market, as well as for other customers in paper, plastics, textiles and food processing industries. The quality and effectiveness of PSC products has facilitated our efforts to this point and we expect that this satisfaction will lead to additional orders from the Chongqing Tobacco Factory.
"There are a large number of companies in China's tobacco industry, and SINO UJE expects to be successful in its ongoing marketing of PSC's gauges to numerous customers," added Li.
Tim Carey, vice president of Process Sensors Corp., stated: "We at Process Sensors are very pleased to now be a supplier to the Chongqing Tobacco Factory. We will work hard to earn their trust and respect. Process Sensors is grateful to be associated with SINO UJE. Our products are represented in a professional and technically correct manner in China through SINO UJE."
About Process Sensors Corp.
Process Sensors Corp. (PSC) (www.processsensors.com) is a leading manufacturer of state-of-the-art moisture gauges and sensors, providing the most accurate and reliable moisture measurement available for quality control in manufacturing processes, for industries worldwide. Process Sensors Corp. has become the world's No. 1 manufacturer of on-line NIR moisture sensors.
Process Sensors' manufacturing facility is located in Milford, Mass. They have distribution throughout Europe by Process Sensors-United Kingdom as well as distribution for Asia and Australia by Process Sensors International and Eastern Europe by Process Sensors-Polska. In addition, PSC has agents and distributors located throughout the world.
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 percent of Redwood Capital to participate in the fast-growing investment banking market in China and 51 percent of SINO UJE, 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 CEO Hails Largest Product Sale in SINO UJE History; Gauging Systems Order Tops $300,000 in Revenue)
TEMECULA, Calif., Apr 29, 2005 (BUSINESS WIRE) -- S3 Investment Company (OTCBB:SEIH) Chairman and Chief Executive Officer Chris Bickel issued a statement hailing the largest single dollar amount product sale in the history of SINO UJE, an order exceeding $300,000 in revenue.
Bickel commented: "This order from Chongqing Tobacco represents over $300,000 in revenue and is the single biggest order in the history of SINO UJE. There are two aspects of primary importance with regard to this order. First, we have a strong supplier in Process Sensors Corp., a leading manufacturer of state-of-the-art moisture gauges and sensors, which is actively supporting our efforts to gain market share and infiltrate market segments previously not addressed by SINO UJE or Process Sensors Corp. Second, the beefing up of our infrastructure and personnel at SINO UJE allows us to compete for bigger orders that have additional after sales service requirements and require a regional office presence.
"We remain on track to more than triple our sales for calendar year 2005 at SINO UJE. Our goal was to double sales, and in real time, we are over three times SINO UJE's 2004 sales levels with eight months left in the year to continue to improve on this performance. I am extremely happy with our team in China and with our exclusive supplier, Process Sensors Corp., for doing the groundwork that has made this order possible and will continue to allow us to compete for these larger dollar orders," added Bickel.
The order for Chongqing Tobacco Factory, the eighth leading producer of tobacco in China, was for 15 moisture measurement gauging systems used in their processing facilities. Process Sensors Corp. (PSC), www.processsensors.com, has been a SINO UJE exclusive supplier since November 2004.
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 percent of Redwood Capital to participate in the fast-growing investment banking market in China and 51 percent of SINO UJE, 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.
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