TEMECULA, Calif., Oct. 11, 2004 (PRIMEZONE) -- S3I Holdings, Inc. (OTCBB:SEIH) today announced that Scott K. Waddell has been named to the position of President of the Company's subsidiary, Securesoft Systems, in order to make use of his substantial operations, sales and managerial background as the Company moves to expand the business of its wholly-owned subsidiary.
"We are pleased to bring Mr. Waddell's extensive education, training and experience, specifically his strong sales and marketing background in the technology field, to the effort to make Securesoft Systems a valuable asset in our investment portfolio," stated Chris Bickel, Chief Executive Officer of S3I Holdings, Inc.
"His leadership is expected to make a significant difference in building Securesoft Systems revenues, increasing the value of S3I, and providing return for the Company's shareholders," added Mr. Bickel.
Mr. Waddell holds a Masters in Business Administration from the University of California, Irvine's Graduate School of Management. His business experience includes an Account Executive position in which he was top sales producer for a multibillion-dollar NYSE-listed communications company. While serving as Product Manager for a computer and imaging products technology company, Mr. Waddell was responsible for the management of marketing programs for a number of product lines and handled strategic analysis, business plan development, and the implementation of web marketing programs. As Buyer for the largest global wholesale producer of technology products and supply chain management services with 2003 net sales of over $22 billion, Mr. Waddell researched competitive models, conducted price analysis and negotiated the selection of components for the launch of a worldwide frameworks initiative.
Mr. Waddell has served as S3I Holdings' Vice President of Finance and Operations since June 2004.
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.