SOURCE: S3 Investment Company

May 03, 2007 09:12 ET

S3 Investment Company Announces Agreement for Legal Counsel for Redwood Capital Reverse Merger Client

DANVILLE, CA -- (MARKET WIRE) -- May 3, 2007 -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that Shandong Green Paper Co. Ltd., one of two new reverse merger clients of its Redwood Capital subsidiary, has signed an agreement with Global Law Office, a top law firm in China, to serve as legal counsel and provide critical legal services through the reverse merger process.

Shandong Green Paper Co. is a leading producer of paper pulp molding products made from 100% natural raw materials that can be recycled and that decompose naturally. Redwood Capital is assisting Shandong Green Paper in its efforts to access the U.S. capital markets through a reverse merger into a U.S. public company.

Shandong Green Paper is located in the Denzhou Commerce and Trade Development Area and owns 14 high-quality, automated, integrated pulp molding production lines. The company has consistently won awards in areas ranging from production quality and advanced technology to environmental sensitivity. Its products are currently sold throughout China and are exported to other Asian markets. By pursuing a listing in a U.S. public market, Shandong Green Paper is targeting expansion to worldwide distribution of its products.

Global Law Office, www.globallawoffice.com.cn, is a major law firm in China that provides extensive, high-quality legal services to clients at in China and abroad. Founded in 1984 under the auspices of the China Council for the Promotion of International Trade, Global Law Office was one of the first law firms established following China's implementation of reform and opening to the outside world. Global Law Office was converted into a private partnership in early 2001.

Since its inception, Global Law Office has been ranked as one of the top law firms in China by international legal publications such as Legal 500, Asian Legal Business, and Asia Law & Practice. The firm specializes in many areas, including international banking and finance, project finance, corporate and commercial, foreign direct investment, corporate finance, aircraft and vessel finance, international arbitration, antidumping, asset securitization, structured finance, maritime and shipping, and litigation.

Redwood Capital provides an array of services to private Chinese companies and utilizes its extensive network of investment banking relationships to facilitate the client's listing on a U.S. public market. Redwood Capital relies on a highly experienced investment and corporate management team focused on the emerging presence of Chinese corporations in the global capital markets.

"The agreement between Shandong Green Paper and Global Law Office is a critical milestone in the preparation for this Redwood Capital client to enter the U.S. capital markets," stated S3 chairman and chief executive officer Jim Bickel. "There is a significant amount of legal work required through the reverse merger process, and Global Legal Office has the experience and expertise necessary to effectively serve Shandong Green Paper.

"We hope to provide our shareholders with as many updates as possible through the reverse mergers of Redwood Capital clients, so they can chart to progress of these transactions," Mr. Bickel added.

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About S3 Investment Company

S3 Investment Company, Inc. (http://www.s3investments.com) is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital (http://www.redwoodcapinc.com), which assists private Chinese companies in accessing U.S. capital markets by utilizing a network of investment banking relationships, and a 51% equity interest in SINO UJE (http://www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China. SINO UJE has been granted exclusive distribution rights in China to medical and industrial products manufactured by leading companies in Europe, North America and Japan. These products are marketed to end-users, including major Chinese hospitals and private companies in a variety of fields, as well as original equipment manufacturers (OEMs), such as Phillips, Siemens and GE, that package the products with their technologies.

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.

Contact Information

  • Contact:
    Gemini Financial Communications for S3 Investment Company
    A. Beyer
    (951) 587-8072
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