NEWS --
DANVILLE, CA, Sep 29, 2009 (MARKETWIRE via COMTEX) -- S3 Investment Company,
Inc. (PINKSH EETS: SIVC) today announced that its annual report with consolidated
financial results for fiscal year 2009 has been posted to the Pink Sheets OTC
Disclosure and News Service. The financial statements can be viewed by looking
up the company's stock trading symbol at www.pinksheets.com.
"The information in the annual report is extremely comprehensive, and I hope
that all of our shareholders will review it to get the most accurate picture
possible of the company's current status as well as its outlook for the future,"
said Jim Bickel, CEO of S3 Investments, Inc. "We are pleased to have this report
posted within the required timeframe to keep our 'Current Information' status
with the OTC Disclosure Service. We place a high value on transparency, which is
why we choose to report our financial information through the service.
"Included in the narrative sections of the report, particularly the Company
Information and Disclosure Statement , are discussion concerning the business of
S3's wholly owned Redwood Capital subsidiary. This information may be of
interest to the company's shareholder and potential shareholders, since it
outlines Redwood Capital's performance over the last year and some discussion of
management's expectations for the 2010 fiscal year. As we all are aware, the
past year was extremely tumultuous for the global economy and the capital
markets were particularly hard hit. Redwood Capital was still able to contribute
to the closing of two round of financing for its client, Boyuan Construction
Group, in a period where few other companies could close any financings at all.
"As noted in the filing, management is expecting to grow sales to $4 million in
the fiscal year ending June 30, 2010, as a result of the current projects in
process and those which the company is currently closing. Based on Redwood's
pipeline of future business, we are comfortable proje cting $10 million in
revenues ending June 30, 2011.
"It is also important to note that due to the fiscal year end date of June 30,
this report does not include any substantial discussion of our new Redwood
Medical division and our expectations for it."
Mr. Bickel recently returned from a trip to China where he continued to assist
in the expansion of the company's subsidiary structure to include its new
Redwood Medical subsidiary. He also met with existing Redwood Capital clients,
interviewed several new potential clients, met with new sovereign wealth funds,
and directed the activities of all of the company's subsidiary management teams.
The company expects to issue a report on Mr. Bickel's trip in the next several
days.
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.s3i nvestments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of two
subsidiaries operating in the China market. Redwood Capital, Inc. assists
private Chinese companies in accessing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, please visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.
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 state ments. S3 Investment Company, Inc.
undertakes no obligation to update any such statements to reflect actual events.
Contacts
For S3 Investment Company
Gemini Financial Communications, Inc.
951-200-4107
Email Contact
SOURCE: S3 Investment Company
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=91C21A19FAD09C35
Copyright 2009 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Financial Services:Venture Capital
Financial Services:Commercial and Investment Banking
Manufacturing and Production:Machinery and Too ls
Pharmaceuticals and Biotech:Equipment and Supplies
Medical and Healthcare:Medical Devices
Medical and Healthcare:Facilities and Providers
Medical and Healthcare:Healthcare
Medical and Healthcare:Surgery and Treatments -----------
"Gemäß anerkannter flugmechanischer Gesetze kann eine Hummel
aufgrund ihrer Gestalt und ihres Gewichtes im Vergleich zur
Flügelfläche nicht fliegen. Die Hummel weiß es nicht und
fliegt trotzdem."
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