3Si Holdings, Inc. DD
6886 S. Yosemite Street
Englewood, CO 80112
Phone: (303) 741-9123
Fax: (303) 741-9123
Email: info@3si.com
Share Data...
O/S: 35.1M
Float: 5.6M... of this 5.6M roughly 4 to 4.5M shares are in
certificate form; therefor not tradable. This is why the spread
is ugly,,, not many shares to trade.
Brief from MG:
3Si Holdings, Inc. delivers Internet-based solutions to help businesses
excel in the delivery of customer support through technologies that
allow ease of distribution. The Company has two business entities:
3Si, Inc. and KEWi.net, Inc. 3Si, Inc. was formed to sell, market,
integrate and distribute KEWi.net products. The Company owns a 69%
interest in KEWi.net, which was formed for the purpose of developing
Internet-based customer support products. The first of a family of
Internet-based products to be developed, KEWi, is an Internet-based
customer support system providing knowledge management, trouble
ticket management, and call avoidance capabilities. This product
allows organizations to provide optimum support services over the
Internet to external customers (distributors, dealers, end-users,
etc.) or internal users and employees while significantly reducing
overall support costs.
Company Website: 3si.com
Investor info (Good stuff): 3si.com
Latest NRs that few seemed to pay attention to:
March 13, 2000:
3Si Holdings, Inc. (OTCBB: TSIH) continues to grow its customer support
Application Service Provider (ASP) business. Over 700 companies
world wide are now providing customer support services through 3Si?s
Denver, CO based data center. Utilizing KEWi, 3Si?s premiere ASP
service, companies have begun to realize the potential of Internet
based customer support.
KEWi.net, a subsidiary of 3Si Holdings, is in the final stages of
development for version 3.0 of the KEWi product. Version 3.0 of
KEWi will include capabilities that allow for distribution through
ASP?s and other partners. This will enhance 3Si?s ability to
penetrate the ASP customer support market by engaging the sales and
marketing resources of its partners.
KEWi is an Internet-based customer support system, providing
knowledge management, call avoidance, and call tracking capabilities.
KEWi provides immediate access to current company information,
product knowledge, and general knowledge with the ability to
communicate with support personnel via the Internet. This product
allows organizations to provide optimum support services over the
Internet to external customers (distributors, dealers, end-users,
etc.) or internal users and employees while significantly reducing
overall support costs. The KEWi service allows an organization to
immediately implement a support service for its customers without
initial capital investments in software, hardware, training, or
other integration costs.
14 March, 2000:
3Si Holdings, Inc. (OTCBB: TSIH) and Mobilitylink team up to
deliver wireless based customer support. With the wireless
communications capabilities in KEWi, organizations can provide
support to customers utilizing today?s mobile support resources.
This partnership brings together the two fastest growing
communications mediums, wireless messaging and the Internet.
Andrew Velez, CEO & President of Mobilitylink stated "Products
such as KEWi, that support wireless clients, provide the best
overall integration to a company's customer service application."
The reseller agreement gives Mobilitylink the rights to market
KEWi.net products to enterprise customers. "Mobilitylink is
focused on delivering hosted wireless applications and will look
to extend the Kewi.net product line to support our customers
needs," said, Mr. Velez.
Frank Backes, CEO & President of 3Si Holdings, Inc. said,
"By combining the WebLink Wireless technology and Mobilitylink?s
deployment, integration and marketing resources 3Si is uniquely
positioned to bring KEWi into the wireless based support market".
23 March, 2000:
3Si Holdings, Inc. (OTCBB: TSIH) a provider of Internet based
customer support solutions, has reached an agreement with Storage
Area Networks, Inc., its largest Creditor to convert approximately
$2.2 million in debt to equity. This agreement further allows 3Si
and SAN to settle the lawsuit filed May 15, 1999 by SAN as a
result of this liability.
"This agreement will improve the financial stability of 3Si by
converting an outstanding debt into common stock," said Frank
Backes, President and CEO of 3Si, "The restructuring of this
debt will open up new opportunities for 3Si by increasing the
possibility of future investments."
Here is the deal from the NR above in the form of the 8K from 23
March:
On March 16, 2000, the Registrant ("3SiH") entered into a
settlement agreement with Storage Area Network, Inc.
("SAN"). 3SiH owed SAN $2,261,048 and SAN had filed suit
against 3SiH to attach 3SiH's assets for the collection of that
liability. Under the terms of the settlement, 3SiH will
convert all of the $2,261,048 liability to SAN into 6,460,137
shares ("SAN's shares") of its $.01 par value common stock.
The common stock is valued for purposes of this agreement
at $.35/share. 3SiH will also place $50,000 in escrow to use
in registering these SAN shares under certain future conditions.
The issuance of the 6,460,137 shares to SAN gives SAN a 15.53%
ownership interest in 3SiH. Under the terms of the agreement,
SAN may designate an independent third party director to be
nominated and elected to the 3SiH Board of Directors. 3SiH
is paying a minimum of $53,510.53 per month to another vendor
until a total of $535,105.26 has been paid from December 1,
1999 to September 1, 2000. Upon payment in full of the
liability to this other vendor, the stock redemption provisions
of the SAN settlement agreement will take effect. Under the
stock redemption provisions of the SAN agreement, all future
contingent payments from 3SiH's May 1, 1999 sale of it systems
integration business will be used to redeem SAN's shares. In
addition, 50% of all net income (excluding the aforementioned
contingent payments) and 50% of any capital contributions or
loans to 3SiH will be used to redeem SAN's shares. Redemptions
made within six months of the date SAN receives its shares
will be redeemed at $.35 per share. Subsequent redemptions will
be made at $.52/share or the then current market price whichever
is higher. At the point SAN has received $2,211,048, 3SiH
will no longer be obligated to redeem SAN shares.
Item 5. OTHER EVENTS
On March 15, 2000 3SiH's subsidiary KEWi entered into a $700,000
one-year contract with Qwest Cyber.Solutions ("QC.S") and BVP
Media, Inc. to manage the day-to-day development, training and
data conversion for the QC.S website.
Please do your own DD... not a rec to buy...
Tom |
