TEMECULA, Calif., Dec. 29, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that TSPartner Inc. has reached agreement with Palmetto Health Baptist Hospital to implement the Securesoft Systems COMPLY enterprise software solution as the comprehensive Enterprise HIPAA compliance solution for the hospital.
Palmetto Health Baptist Columbia currently operates at a capacity of 524 acute care beds with some 2,000 full and part-time employees, nearly 800 physicians and 500 volunteers. Voted the "Best Hospital" for ten consecutive years by the readers of The State, South Carolina's largest daily newspaper, Palmetto Baptist Columbia is regarded as one of the best-equipped and up-to-date hospitals in the Southeast.
"This is example of how former Securesoft Systems customers, a group which includes Palmento Health Baptist Hospital, are being serviced with upgrades to their current compliance solutions. We are contacting all former customers of Securesoft to make certain their needs are met with the new Comply product. Their faith in Securesoft will be justified over the next period of time," Gregory Dawson, CEO of TSPartner, stated.
"Months ago, we committed to meeting an ambitious goal of five installations by the end of December 2004, and this is another successful step in meeting that goal. With each new installation agreement, the profile of COMPLY expands and S3 Investments brings the Securesoft portfolio company closer to profitability," commented Chris Bickel, CEO of S3 Investment Company.
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.