TEMECULA, Calif., Dec. 8, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that a meeting of its majority independent Board of Directors will be held this Saturday, December 11, 2004 in San Diego, California. This will be the first meeting of the company's Board and other key members of its management team since the current Board was formed in late October.
Included on the meeting agenda is an update on the holdings in the company's investment portfolio, strategic planning to maximize revenues in the company's subsidiaries and increase portfolio value, a review of S3 Investment's current financial statements, and expectations for future growth of the fund.
Chris Bickel, CEO of S3 Investment Company, stated, "With the company now on track to develop multiple revenue generating assets in its investment portfolio, it is important to have the entire Board and other key members of the management team together to bring our plans to fruition. The Board is expected to provide critical guidance to the company as it works to achieve company-wide profitability by the second quarter of the 2005 calendar year. We expect to see real progress in the coming quarters as Securesoft Systems' COMPLY product is delivered to clients through the works of our Master Distributor, TSPartner, and as our other holdings begin developing into revenue generating entities."
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 Investments has also acquired 100% 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.
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.