TEMECULA, Calif., Nov. 16, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that the Company has filed its Quarterly Report filed on Form 10Q-SB with the Securities and Exchange Commission. The report covers the quarter ending September 30, 2004.
Chris Bickel, Chief Executive Officer, commented, "We are pleased to have this quarterly report filed on time, and look forward to upcoming quarterly reports that will more accurately reflect the current operations and overall direction of the Company. As with our recent Annual Report this quarterly report is primarily historical in nature, covering a transitional period when current management was positioning the Company to take advantage of a number of business opportunities and working to acquire an additional subsidiary for its investment portfolio.
"We strongly believe that with our $10 million agreement with TSPartner for distribution of Securesoft System's "Comply" HIPAA compliance products and services and the acquisition of Redwood Capital, future quarterly reports, beginning with the first quarter of calendar year 2005, will show significant improvement over the Company's performance in previous periods," added Mr. Bickel.
The full 10Q-SB can be viewed by visiting the Company's website at http://www.s3i.us/ealert.asp and selecting the link to SEC Filings.
A rebroadcast of last week's market conference call with shareholders is available and can be heard by dialing 800-839-0860 or 402-220-1490 using PIN 1099. A written transcript of CEO and Chairman Chris Bickel's opening statements have been posted on the company's website at http://www.s3i.us/othermedia.asp.
Company Profile
S3 Investment Company, Inc. (http://www.s3i.us) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems, Inc. (http://www.securesoftsystems.com) was acquired in April 2003 and is a leader in compliance and risk management software, services and Internet technologies for regulated industries. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
This release contains forward-looking statements which involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements are based on currently available information which management has assessed but which is dynamic and subject to rapid change due to risks and uncertainties that affect our business, including, but not limited to, the impact of competitive products and pricing, limited visibility into future product demand, regulatory interpretation, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.