SOURCE: S3 Investment Company

July 06, 2006 09:15 ET

S3 Investment Company Issues July Newsletter Featuring Ongoing Expansion of Operations in China

TEMECULA, CA -- (MARKET WIRE) -- July 6, 2006 -- S3 Investment Company, Inc. (OTCBB: SEIH), a holding company with two subsidiaries doing business in the China market, today issued its July 2006 newsletter, which focuses on the signing of an important new exclusive supplier agreement by subsidiary SINO UJE in China and expectations for additional similar agreements in the near term.

A PDF version of the newsletter can be viewed on the company's website at www.s3investments.com/newsletter.asp.

Over the past several weeks, S3 has reported continued growth in sales of the high tech medical and industrial equipment that SINO UJE distributes to customers in China. Concurrently, the company is supporting SINO UJE's successful efforts to sign additional western equipment suppliers to exclusivity agreements for this immense market.

"The newsletter is another opportunity for S3 to review the progress that is being made as we prepare for our annual meeting later this month and the filing of our annual report, expected in the fall," commented Jim Bickel, chief executive officer of S3.

"We strongly believe that the increasing sales of products represented by SINO UJE in China, as well as the expansion of the network of suppliers whose products SINO UJE represents, will translate in a significantly improved position for S3 and the potential for greater return for S3 shareholders," added Mr. Bickel.

Currently visiting S3 subsidiaries SINO UJE and Redwood Capital in China, Mr. Bickel is working with management to increase revenues, while controlling costs and improving both the top and bottom line results for these companies.

"We are executing exactly the type of growth initiative for S3 that we had outlined for shareholders several months ago, and we are pleased that the events reported in this edition of our newsletter chronicle many of our recent milestones. This is certainly not a destination for S3, and we look forward to the further executing of our comprehensive strategy to build S3 into a company that returns value to its shareholders," stated Mr. Bickel.

S3 is also preparing for its annual meeting, which 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. Shareholders are asked to return their completed proxies by mail in the return envelope provided or send by facsimile to Transfer Online at 503-227-6874. Votes can also be taken by telephone at 1-800-454-8683 or online at www.proxyvote.com.

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.

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.

Contact Information

  • Contact:
    Gemini Financial Communications
    A. Beyer
    (951) 587-8072
    Email Contact

    Equiti-trend Advisors LLC
    Investor Communication Representatives
    Toll-Free (800) 585-6988