SOURCE: S3 Investment Company

March 17, 2006 09:25 ET

S3 Investment Company Reports on Continued Proxy Mailing

TEMECULA, CA -- (MARKET WIRE) -- March 17, 2006 -- S3 Investment Company, Inc. (OTC BB: SEIH) today announced that the distribution of proxy statement and notice of the special meeting continues and that all shareholders should receive the material by March 24, 2006.

"The mailings began as previously announced, and the last of the proxies intended for shareholders whose stock is held in 'street name' are expected to be sent out by the end of business today," said Jim Bickel, chief executive officer of S3 Investment Company, Inc. "An unexpected delay in some of the material being sent out only heightens the urgency of our call to shareholders to return their proxies as soon as possible, so their votes can be counted at the April 5, 2006 special meeting."

Shareholders who hold their shares in certificate form should have already received a proxy by mail, which, after being signed and dated, can be returned by mail in the return envelope provided or sent 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.

The proxy statement requests shareholder votes on a proposal that would authorize the Board of Directors to withdraw the company's election to be treated as a business development company pursuant to Section 54(c) of the Investment Company Act of 1940. The special meeting that will be held at the company's corporate offices on April 5, 2006 at 10:00 a.m. Pacific where the proposal will be considered and voted upon.

"We will continue to provide whatever assistance is necessary so that all of our stockholders can participate in the voting process. Any shareholder who does not receive a proxy by the end of next week is asked to contact S3 Investment Company by telephone at 951-587-8072 or by email at investors@s3investments.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 The Company

S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. S3's investment portfolio is currently comprised of two private companies. 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.

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 Co.
    A. Beyer
    951-587-8072
    Email Contact