TEMECULA, Calif., Nov. 17, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that the Company has entered into an equity financing agreement with a private investment source. The capital raised through this agreement is expected to be utilized to build revenues and increase the value of the S3 Investment fund without negatively impacting shareholder value.
S3 Investment Company's CEO and Chairman Chris Bickel commented, "We were extremely specific in outlining to all potential investment partners exactly what we would require -- a true partner interested in a long-term relationship with the Company and seeking to invest in our long-term success. This financing agreement is structured to prevent undue selling pressure on the Company's stock due to any financing in which the Company engages.
"This commitment by our financing partner also demonstrates a tremendous degree of confidence in the future of S3 Investments. As we outlined in our recent market conference call, we expect that by building our acquired and existing subsidiaries into revenue generating, growing, cash-flow positive entities, we will increase shareholder value and be profitable company-wide by the second quarter of the 2005 calendar year."
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.