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S3 Investment Company Announces $440,000 Order for Equipment From SINO UJE Supplier Tuesday March 14, 9:40 am ET
TEMECULA, CA--(MARKET WIRE)--Mar 14, 2006 -- S3 Investment Company, Inc. (OTC BB:SEIH.OB - News) today announced that portfolio investment SINO UJE, Ltd. has received an order worth over $440,000 from Dalian Bingshan Rubber & Plastic Co, LTD for equipment supplied by PLAST-CONTROL, the leading manufacturer of automation systems for the plastics extrusion industry. ADVERTISEMENT
The order is for two sets of PLAST-CONTROL'S newly developed extrusion system, which allows the user the possibility to integrate both functions of gravimetric mean thickness and profile measuring into one computer. Each set consists of a system with 6 gravimetric dosing units -- a total of 9 components -- and profile measuring. This equipment is similar to the system purchased by Dalian Bingshan in June 2005.
"We want to commend SINO UJE's team in China, and particularly Mr. Gao Xm, for achieving an order of this size," said Jim Bickel, chief executive officer of S3 Investment Company. "While this is just one of many significant orders that SINO UJE has pending at this time, Mr. Gao has done an outstanding job on the Dalian Bingshan sale. We look forward to additional growth in the SINO UJE business as current orders are filled and the sales team targets new customers for high-tech western equipment in the China market."
SINO UJE is in the business of distributing high-tech medical and industrial products to markets throughout China. The company purchases products from Original Equipment Manufacturers (OEMs) in North America, Europe and Japan and re-sells the equipment to end users through its distribution network in China.
"SINO UJE's extensive, successful experience as distributors in the China market puts the company in an excellent position for continued revenue growth and the establishment of long-term value for S3 shareholders," added Mr. Bickel.
PLAST-CONTROL, founded in Remscheid, Germany, in 1979, has been the innovative supplier of process automation systems and partner for the plastics industry. As a pioneer of new technologies, PLAST-CONTROL creates standards for extrusion automation. From this on-going development process PLAST-CONTROL has created a complete family of products from individual controls to a complete system from its GDC Gravimetric Dosing Controller to its PRO-CON Profile Control system.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/ealert.asp.
-------------------- pennies rock...but only brav hearts allowed here Posts: 575 | From: seattle | Registered: Oct 2005
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