TEMECULA, Calif., Nov. 11, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that a rebroadcast of yesterday's market conference call with shareholders is available and can be heard by dialing 800-839-0860 or 402-220-1490 using PIN 1099. The company also expects to have a written transcript of CEO and Chairman Chris Bickel's opening statements posted on the company's website by the end of this week.
In the conference call, Mr. Bickel went into detail regarding a number of aspects of the company, including its current strengths and weaknesses, the milestones it has reached in the short period since new management was appointed and management's short, medium and long-term expectations for the performance of the S3 Investment fund. Included in this discussion was Mr. Bickel's projection that S3 Investments would be profitable by the second quarter of the calendar year 2005.
Mr. Bickel highlighted the significant potential of the two-year, $10 million agreement with TSPartner for the distribution of the Securesoft Systems' "Comply" HIPAA compliance products and services to potentially thousands of healthcare facilities, financial entities, and government institutions across the United States, as well as the expectations for the company's recent acquisition of Redwood Capital.
Mr. Bickel commented, "With over 70 individuals, many of whom we know to be current shareholders, participating in yesterday's conference call, we believe this was an effective method of communicating with our shareholders. Communication with our shareholders and input from this same group of people is important to us, and we will continue to look for opportunities to have this type of exchange. The call was a nice opportunity to quantify and communicate the company's strategic plan and our expectations for performance in the coming quarters; specifically, controlling costs, building revenue, growing that revenue and achieving company-wide profitability by the second quarter of the 2005 calendar year.
"We have explicitly stated our commitment to transparency and straight-forward reporting of both the good and the bad, and this conference call was consistent with that commitment. This is just the beginning of our program to be more responsive to our investors and to focus on true performance in our investment fund. We expect to be judged by those standards and believe that by implementing the plan discussed yesterday -- that we will achieve the goals we have set for S3 Investments," added Mr. Bickel.
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.