DANVILLE, Calif., July 7, 2011 (GLOBE NEWSWIRE) -- Redwood Group International (Pink Sheets:RDWD) today announced the completion of the rebranding of the company's corporate website, which includes a new "Subsidiaries" section and the addition of information on Redwood Technology, a new Redwood subsidiary serving clients operating in the Greater China market.
The latest round of website changes successfully completed the rebranding of the public company's name as Redwood Group International, which also included the company being assigned its new stock symbol: RDWD. All of the company's subsidiaries also operate under the Redwood name. The website is considered an ongoing project and further upgrades are planned, including a Home page that will serve as a direct portal to the websites of the Redwood subsidiaries, including Redwood Capital, Redwood Medical, the Redwood Asia Private Equity Fund, and Redwood Securities.
The newest tab added to the site is Redwood Technology, a boutique technology consulting company that works with Eastern companies to help them to develop world class products and to export them in the Western market. The services it provides include: Program Management, Technical Assessments, Process Improvements, Development, Training, and Operations Management. Redwood Technology specializes in the scalable and fault tolerant solutions using the latest technologies including Cloud Computing, Grid Computing, Distributed Architectures, and Virtualization. Redwood Technology is currently developing price performance leading products for the banking and construction industries.
"Redwood Technology has already signed a couple new exciting contracts in its first few weeks of existence. We expect our new subsidiary to do very well considering this division's experienced management team," commented Redwood Group International Chairman and CEO Jim Bickel.
"The Redwood Group International website will continue to be a work-in-progress, as we expand the operations of Redwood subsidiaries in Asia. Upgrading the site to include more information on the operations of our subsidiaries is an important aspect of our communications with shareholders and the broader investment community, since the revenues and assets generated at the subsidiary level establish the value proposition for shares in the public company. We are very optimistic that the success that has been established by Redwood Capital will be followed by Redwood Medical, the Redwood Asia PE Fund, Redwood Technology, and, ultimately, Redwood Securities," added Mr. Bickel.
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About Redwood Group International
Redwood Group International has multiple subsidiaries operating in the Asia market including Redwood Capital, Inc. (www.redwoodcapinc.com), which assists growing private companies in Mongolia and China with public offerings and financing transactions. More information on the company and its operating subsidiaries can be found at www.redwoodgroupint.com/" target="_top" rel="nofollow">http://www.redwoodgroupint.com.
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. Redwood Group International undertakes no obligation to update any such statements to reflect actual events.