SOURCE: S3 Investment Company

August 21, 2007 09:04 ET

S3 Investment Company Announces Selection of Richardson & Patel as U.S. Law Firm for Redwood Capital Reverse Merger Clients

DANVILLE, CA--(Marketwire - August 21, 2007) - S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced the selection of Richardson & Patel, LLP to provide legal representation for the reverse merger clients of Redwood Capital, Inc.

Redwood Capital, a wholly owned subsidiary of S3 Investment Company, assists private Chinese companies in accessing the U.S. capital markets by utilizing a network of investment banking relationships to achieve reverse mergers into U.S. public "shell" companies.

The business law firm of Richardson & Patel provides growing public companies an unrivaled combination of business acumen and legal expertise. Richardson & Patel's capabilities exceed mere legal compliance and include a comprehensive understanding of the capital markets and financial practices that enable clients to maximize their potential value. The firm's Asian Practice Group, headed by partner Kevin K. Leung, represents numerous Asian companies including main land Chinese, Hong Kong and Korean companies that have gone public in the U.S. or are in the process of going public in the U.S. Headquartered in Los Angeles, Richardson & Patel has offices in New York City. "We are pleased to have been selected by Redwood Capital and we look forward to working with Redwood Capital on their Chinese company clients," stated Kevin K. Leung, partner and director of Richardson Patel's Asian Practice Group.

"High quality legal representation will be a major factor ensuring the successful entry of Redwood Capital clients into the U.S. public markets, and we are pleased that Redwood Capital has selected Richardson & Patel as the law firm to represent its current and future clients," stated S3 chairman and chief executive officer Jim Bickel. "It is our opinion that no firm is as qualified as Richardson & Patel to represent Redwood Capital clients, especially given the firm's focus on Asia and its significant experience with Asian reverse merger transactions.

"We believe that this is a perfect fit, and we look forward to having all of Redwood Capital's clients retain Richardson & Patel," 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.

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