TEMECULA, Calif., Jan. 31, 2005 (PRIMEZONE) -- S3 Investment Company, Inc. (OTCBB:SEIH) today issued a statement from Greg D. Dawson, Chief Executive Officer of its Secure System Solutions subsidiary, in which he outlined the structure of Secure System Solutions and its strategy to build revenues through the activities of three performing divisions each with significant growth potential.
Mr. Dawson is expected to discuss this structure and business strategy in a market conference call with S3 Investment's shareholders scheduled for this Wednesday, February 02, 2005 at 1:00 p.m. Eastern.
Secure System Solutions is a security, compliance, business process and professional services solutions company with corporate offices and a data center in Mission Viejo, California and additional data centers in Rancho Santa Margarita, California and St. Louis, Missouri. The company has three major divisions, Compliance Products and Services, Business Process Solutions, and Professional Services.
The Compliance Solutions Division includes the further development, support, marketing and distribution of the COMPLY Enterprise HIPAA Compliance software solution, as well as compliance software solutions for additional security and privacy compliance solutions for other federal, state, local, and industry mandated regulations, such as the Sarbanes-Oxley Act of 2002 and Graham-Leach-Bliley.
The Business Process Solutions Division includes acquired and developed solutions that meet the specific needs of healthcare and financial services companies looking to take advantage of technology to reduce costs, increase security, streamline operations, and increase profitability.
The Professional Services Division provides services such as "disaster recovery," "migration," Data General specific professional services, "Project Management," "integration and implementation," and other related services to our existing and future healthcare and financial institution clients. The company also anticipates announcing several strategic partnerships with major companies over the next few months.
"While the COMPLY product was the cornerstone of Securesoft Systems, the newly merged company, Secure System Solutions, is a broader based technology company. We felt it important to articulate all areas, including COMPLY, in which we expect to make significant inroads and increase revenues in 2005 and beyond. In the Business Process Solutions Division we will be announcing several strategic partnerships to distribute solutions that are expected to generate substantial revenues in 2005. The Professional Services Division continues to deliver significant revenue and, with our expansion and additional capabilities should generate significantly more revenue in 2005 and beyond," commented Mr. Dawson.
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 has been combined with recently acquired TSPartner to form Secure System Solutions, a security solutions, compliance solutions, business process solutions, and professional services company. 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.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.