TEMECULA, Calif., Dec. 20, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that Lexington Medical Center of Lexington, South Carolina has agreed to upgrade to Securesoft Systems' "COMPLY Enterprise HIPAA Software Solution" as their compliance process automation solution.
TSPartner CEO Gregory Dawson, stated, "This is another in a series of initial successes from our marketing and sales efforts. Our three tier marketing program is expected to pay major dividends in 2005 and beyond. The ability to work with consultants and IT outsourcing companies will extend our penetration of hospitals and other healthcare markets. Consultants and Outsourced IT departments have responded in an extremely positive way to the COMPLY program and to our residual income strategy for their efforts. In addition to their assistance in the sales process, they are also providing extremely valuable feedback on additional features for COMPLY.
"Securesoft Systems and TSPartner are working hand in hand to make sure this solution is the best possible Enterprise HIPAA Solution for our customers. The synergy created by our combined development teams is already paying off. We also see a need for additional software products to meet the growing needs of organizations in their efforts to meet regulatory and security requirements. Cost for compliance is creating a larger demand for compliance process automation. We are confident that our combined efforts will reap rewards for both companies."
Lexington Medical Center serves the entire Lexington County and is a part of the Lexington County Health Services District, which includes a 292-bed hospital, a 352-bed long-term care facility, five Community Medical Centers and fifteen physician practices.
Company Profile
S3 Investment Co. Inc. (http://www.s3investments.com) 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 percent 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.