SOURCE: S3 Investment Company

June 13, 2006 12:48 ET

S3 Investment Company Initiates Mailing of 14A Definitive Proxy Statement for Upcoming Annual Shareholders Meeting

TEMECULA, CA -- (MARKET WIRE) -- June 13, 2006 -- S3 Investment Company, Inc. (OTCBB: SEIH) today announced that the mailing of its recently filed 14A Definitive Proxy Statement regarding its annual meeting of stockholders has been initiated and that shareholders of record as of June 7, 2006 should expect to receive the proxy statement and notice of the annual meeting in the next several days.

The annual meeting will be held on July 13, 2006, at 1:00 p.m. Pacific time at the company's corporate offices. The proxy requests shareholder votes on several proposals under consideration, as well as any other business that may properly come before the meeting.

"We are pleased to have set a definitive date for our annual meeting of shareholders and expect that stockholders will be receiving their proxies by mail this week," said Jim Bickel, chief executive officer of S3 Investment Company. "As we prepare for the annual meeting, we also continue to support the ongoing growth of our subsidiary companies as they operate in the China market. Our major focus is to make certain that the necessary levels of support and resources are made available to these companies in order to foster long-term value and return for S3 shareholders."

S3 Investment Company holds majority interests in two subsidiaries doing business in the China market. SINO UJE (http://www.sinouje.com) distributes high-tech medical and industrial products to markets throughout China, and Redwood Capital (www.redwoodcapinc.com) assists private Chinese companies in accessing capital markets in the United States, primarily through the reverse merger process.

"As S3 prepares for its June 30 fiscal year-end, we will be providing additional information on the milestones being reached by our subsidiaries, for example, the continued expansion of both the supplier network and the customer base for SINO UJE, Ltd. These are extremely important events, which are certainly material to S3's expansion strategy and are indicative of its ongoing growth," added Mr. Bickel.

About S3 Investment Company

S3 Investment Company, Inc. (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 (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 (www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China.

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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