TEMECULA, Calif., Jan. 13, 2005 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that yesterday's successful market conference call with shareholders can be heard in a rebroadcast by dialing 1-888-203-1112 or 1-719-457-0820 and using reference number 672042. Shareholders who were unavailable to participate in the conference call can listen to Chief Executive Officer Chris Bickel's opening statements and the investor question and answer session that followed. S3 Investments also plans to post an audio file of the call on the company's website, www.s3investments.com, as soon as possible.
Mr. Bickel's introductory presentation provided specifics of the company's recent acquisition of TSPartner and the new combined subsidiary, Secure System Solutions. Mr. Bickel also detailed the additions to S3 Investment Company's management team, as well as how these developments are expected to increase revenues in the Secure System Solutions subsidiary and contribute to greater overall value in the S3 Investments portfolio.
Mr. Bickel commented, "Yesterday's conference call provided a forum in which S3 Investment Company highlighted the initial milestones of 2004 and its forecasts for the company's expected profitability in 2005. This call also allowed us to continue our policy of transparency and responsiveness to shareholders."
In the question and answer session, Mr. Bickel discussed recent 2005 revenue projections for Secure System Solutions and clarified that the projections are considered by management to be extremely conservative and that greater growth in the long term is expected.
"In the medium term, we expect to build the acquired and existing subsidiaries into revenue generating, growing, cash flow positive entities that are judged by the ability to improve both the top and bottom lines simultaneously. We are in position to do this and continue to focus on generating revenue in this and the next quarter according to our revenue guidance. In this calendar year, we expect to realize revenues that will total more than $6 million and bottom line profit of over $1 million," Mr. Bickel stated during the conference call.
S3 Investments plans to hold another market conference call within two weeks that will feature Greg Dawson, President Secure System Solutions and Chief Operations Officer of S3 Investment Company, in which Mr. Dawson is expected to provide additional information on the new subsidiary and its activities
Company Profile
S3 Investment Co. Inc. (http://www.s3investments.com) 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 has been combined with recently acquired TSPartner to form Secure System Solutions, a technology development, implementation, assessment, sales and marketing, and technical services company. S3 Investments has also acquired 100 percent of Redwood Capital to participate in the fast-growing investment banking market in China. 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.
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.