SOURCE: S3 Investment Company

April 26, 2007 11:37 ET

S3 Investment Company Announces Promotion of Wellman Liu to the Position of Vice General Manager of SINO UJE China Operations

DANVILLE, CA -- (MARKET WIRE) -- April 26, 2007 -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that the Board of Directors of its SINO UJE subsidiary has promoted Wellman Liu to the position of vice general manager of SINO UJE China operations.

In this position, Mr. Liu will assist SINO UJE general manager Li Jun in managing the sales and general business of SINO UJE's China operations, especially as the company continues to expand its distribution with new product lines, including Abaxis, Inc. and For Life GmbH. The medical division, industrial division and Guangzhou offices of SINO UJE's China operations will now report directly to Mr. Liu.

"Wellman Liu has proven himself to be a very effective manager, both in his years with SINO UJE and through his extensive successful work experience before joining the company, and we are pleased to give him an even greater degree of responsibility in the expansion of SINO UJE operations in China," stated Jim Bickel, chief executive officer of S3 Investment Company. "We expect Mr. Liu, working with Li Jun, to provide critical leadership as SINO UJE continues to grow revenues and increase its impact on S3's bottom line."

Mr. Liu graduated with a degree in International Business Law from the University of International Business & Economics in Beijing.

His work experience includes key management positions in several companies, including SINO UJE. As the Industrial Department Manager for SINO UJE since March of 2004, Mr. Liu was responsible for identifying new market opportunities and assisting Mr. Li with operations and legal affairs. Mr. Liu was highly successful in leading his team to capture two-thirds of the market share of mainland China for one industrial product line and fostering excellent relationships with influential OEM customers.

Previously, Mr. Liu served as marketing manager for Shanghai Machinery & Equipment Import & Export Co. Ltd. where he was responsible for developing short- and long-term strategies and acted as head of an administrative team to supervise operations and legal affairs. In this role, he also interfaced with government agencies and authorities on behalf of the corporation.

From 1996 to 2000, Mr. Liu was marketing manager for the Nanchang Foreign Trade Corporation. In this position, he established and executed a business development plan to maximize market penetration. Mr. Liu also acted as agent for a leading brands of cosmetics and mineral water.

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About S3 Investment Company

S3 Investment Company, Inc. ( is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital (, 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 (, 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.

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