S3 Investment Company Announces TSPartner Additions to Management Team


TEMECULA, Calif., Dec. 1, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that TSPartner Inc., its Master Distributor for the COMPLY product line and a leading provider of Enterprise HIPAA Compliance and Security Solutions, has appointed four new members to its Executive Management Team.

"I am very pleased that professionals of this stature have agreed to join the TSPartner Executive Management Team. This team gives us a great mix of compliance, security, healthcare, financial, and technology experts who will help lead the company to the status of market leader for enterprise compliance solutions," TSPartner CEO Gregory Dawson said.

"Their passion for the customer is unsurpassed, and they possess an understanding of how to execute on a technology vision that drives revenue growth. Our Master Distributor relationship with Securesoft Systems is expected to greatly benefit from the knowledge, experience, and energy of this outstanding team," added Mr. Dawson.

Bradley G. Smith is joining TSPartner as Senior Vice President of Business Planning, Director, and Corporate Counsel. Mr. Smith has 18 years experience in business development, marketing, international trade, business intelligence, intellectual property, and consulting. Mr. Smith speaks fluent Japanese and is business conversant in Mandarin. He received an M.B.A. in International Management from Thunderbird, The American Graduate School of International Management. Mr. Smith earned a J.D. from Gonzaga School of Law and completed Santa Clara University School of Law's International Law Program held in Tokyo, Japan.

Lon Taulbee will serve as Director of Compliance and Security Solutions for TSPartner. In his thirty-five years of technology experience, he is the former Manager of the Applications Support, Office of HIPAA Assessment & Implementation providing Technical Support, IT Security, Operations, Project Office, Help Desk and Business Continuity for the Office of HIPAA Assessment & Implementation. For the past seven years Mr. Taulbee has been an IT Compliance and Security consultant, leading and developing projects such as HIPAA Assessment and Implementation, several security related projects for the State of California, and HIPAA assessments and implementations for many of the leading hospitals and healthcare organizations.

Mark Zimmerman, will be TSPartner's Director of Integration and Implementation Services. Mr. Zimmerman has worked in the Clinical Information Systems market for over 17 years, including leadership roles with Health Data Sciences Corporation, Per-Se Technologies, and Misys Healthcare Systems. As Director of Interface and Technical Services, he has overseen Clinical System implementations in the U.S., Canada, Asia, Europe, and the Middle East.

Chris Hemphill, TSPartner's Director of Platform Engineering & Technical Services, has over twenty years of experience in the computer industry. For the past ten years he was technical lead in developing and implementing custom high availability and disaster recovery strategies using various hardware and software tools for mission critical applications and systems. Mr. Hemphill will lead the system engineering efforts for the platform deployment and implementation services for both TSPartner's own internal systems as well as its client base.

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.


            

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