Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Rctrader2 who wrote (142480)	3/7/2005 11:19:18 AM
From: Rctrader2	Read Replies (2) \| Respond to of 150070

SEIH...NEWS..Cash Flow positive... Posted by: cintrix In reply to: cintrix who wrote msg# 20351 Date:3/7/2005 9:33:40 AM Post #of 20366 SEIH S3 Investment Company Reports SINO UJE Cash Flow Positive in February; Amended [DXYCWRV] Quarterly Report is Filed Business Editors TEMECULA, Calif.--(BUSINESS WIRE)--March 7, 2005--S3 Investment Company (OTCBB:SEIH) today reported that the operations of portfolio investment company SINO UJE were cash flow positive in the month of February and that the subsidiary is on target to increase its revenues to $2 million for calendar year 2005. Last November, after acquiring a majority interest in SINO UJE, S3 Investments initiated an expansion program with the goal of doubling SINO's $1 million in 2004 revenues, a goal that it is now projected to reach. As a result of SINO UJE achieving cash flow positive status, the need for S3 Investments short-term capital for this portfolio company has been eliminated. "SINO UJE's business of distributing hi-tech medical and industrial products to markets throughout China is cash flow intensive. Purchasing these products from Original Equipment Manufacturers (OEMs) in North America, Europe and Japan with guaranteed letters of credit and re-selling the equipment to end-users in its distribution network in China can be a 1-2 month process. We made a digital step up in the sales volume -- essentially doubling sales volume in a single sales month -- by providing the cash flow to SINO UJE and returned to cash flow positive status within two months. By providing the capital SINO UJE required to increase its purchasing power, S3 Investments has positioned SINO to double its sales volume and meet its $2 million revenue goal for 2005. As SINO UJE's distribution networks grows, we anticipate even greater sales in coming years that are more organic in nature, not digital type steps that require additional cash flow support," stated Chris Bickel, Chairman and Chief Executive Officer of S3 Investment Company. On Friday, the Company filed its 10-Q/A Amendment to Quarterly Report with the Securities and Exchange Commission. "As previously reported, the amended filing included a write down of net assets with a corresponding reduction of unrealized gains due to fraudulent information provided to us during the acquisition of TSPartner," commented Mr. Bickel. "Even with this write down, the Company's per share net asset value remains several times higher than its current trading price." About The Company S3 Investment Company 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. S3 Investments has subsequently acquired 100% of Redwood Capital to participate in the fast-growing investment banking market in China and 51% of SINO UJE, a non-stocking distributor of medical and industrial high-tech products to markets throughout 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. --30--CS/la* CONTACT: Gemini Financial Communications for S3 Investment Co. A. Beyer, 951-587-8072 investors@s3investments.com KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: MEDICAL BANKING EARNINGS SOURCE: S3 Investment Company Copyright Business Wire 2005