TEMECULA, Calif., June 28, 2004 (PRIMEZONE) -- S3I Holdings, Inc. (OTCBB:SEIH) today announced that its subsidiary, Securesoft Systems, Inc. (SSI) has named Roland Cozzolino to the position of Chief Technology Officer to spearhead the creation of the next generation of Securesoft products.
Mr. Cozzolino was integral in the development of Securesoft's full-featured Alpha version of Immunity 2.0, its flagship compliance software product and in his new position will oversee software development efforts, project management and technical recruiting for Securesoft Systems.
Wayne Yamamoto, CEO of S3I Holdings Inc., commented, "Mr. Cozzolino's contribution to the development of Immunity 2.0 has already provided great benefit to Securesoft Systems, and his background and experience in networking and Internet applications will be continue to be an advantage for SSI as it moves forward with the development of additional products for a number of markets."
Prior to joining Securesoft, Mr. Cozzolino served as Vice President of Engineering for Tempest Software/Bayshore Networks where he designed and built products for Windows, UNIX and LINUX, while managing over 100 employees. His expertise in internet technologies, GUI design and computer programming has created over 50 successful enterprise solutions around the globe.
Company Profile
S3I Holdings, 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. S3I Holdings 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.