TEMECULA, Calif., Dec. 30, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that its Master Distributor, TSPartner Inc., has reached agreement with Graduate Hospital to implement the Securesoft Systems COMPLY enterprise software solution as the comprehensive Enterprise HIPAA compliance solution for the hospital.
"This is the fifth COMPLY agreement and completes a very successful December for TSPartner in its distribution of the premier 'Enterprise HIPAA Compliance Solution.' The infrastructure to support COMPLY has also been built in parallel to our sales and marketing efforts. These efforts to meet the needs of hospitals facing the daunting task of completing their HIPAA regulatory requirements are expected to pay large dividends as we proceed. This is critical in order to assist these hospitals with demonstrating their on-going compliance with these compliance requirements," stated Gregory Dawson, CEO of TSPartner Inc. "We are very encouraged by the cooperation demonstrated between Securesoft Systems and S3 Investment Company. It is our belief that by working together closely, we can meet the short and long-term goals of TSPartner Inc. and Securesoft Systems."
"Achieving the last of these five agreements is an excellent way to close out the calendar year 2004, and we look forward to continuing this positive momentum into 2005 with additional installations and the growth of revenues for our portfolio company. It is our intention to provide our loyal investors with even greater detail regarding what these installations will mean for the bottom line of Securesoft and its value to S3 Investments," commented Chris Bickel, CEO of S3 Investment Company.
Graduate Hospital is a 303-bed acute care adult facility located in Philadelphia. The hospital provides a wide range of services to both the local community and specialty care to patients from throughout the tri-state region. Graduate has earned a reputation for advanced care in many areas including orthopedics, gastroenterology and cardiac care. Specialty centers include the Digestive Health Institute, Wound Care Center, Center for Bloodless Medicine and Surgery, Comprehensive Cancer Center, and the Pelvic Floor Institute. Graduate maintains an active teaching program with more than 100 residents in training.
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.