Lil
03-23-2006, 09:08 AM
TEMECULA, CA -- (MARKET WIRE) -- 03/23/06 -- S3 Investment Company, Inc. (OTC BB: SEIH), an
investment company with holdings doing business in the China market, today
announced the completion of the mailing of a proxy statement and notice of
special meeting to shareholders and again urged all stockholders to return
their proxies as soon as possible.
In conjunction with the completion of the proxy mailing, S3 issued a
statement reiterating the Board of Directors' recommendation that
shareholders vote in favor of the proposal and that, no matter how
shareholders vote on the proposal or how many shares they own, it is
extremely important that all stockholders participate in the process.
"Now that we have confirmed that all material has been mailed, we ask that
shareholders complete and return their proxies," commented Jim Bickel,
chief executive officer of S3 Investment Company, Inc. "Delays in reaching
a quorum will only result in further solicitation expense to the company,
and we hope to avoid any unnecessary delays and have the proposal addressed
at our April 5, 2006 meeting date."
Shareholders are asked to return their completed proxies by mail in the
return envelope provided or send by facsimile to Transfer Online at
503-227-6874. Votes can also be taken by telephone at 1-800-454-8683 or
online at www.proxyvote.com.
"Any shareholders who have not received a proxy and wish to vote on the
proposal are asked to contact S3 Investment Company by telephone at
951-587-8072 or by email at investors@s3investments.com. The company will
provide whatever assistance it can that so that all stockholders can
participate in the voting process," added Mr. Bickel.
The proxy statement requests shareholder votes on a proposal that would
authorize the Board of Directors to withdraw the company's election to be
treated as a business development company pursuant to Section 54(c) of the
Investment Company Act of 1940. The special meeting that will be held at
the company's corporate offices on April 5, 2006 at 10:00 a.m. Pacific
where the proposal will be considered and voted upon.
To sign up to receive information by email directly from S3 Investment
Company when new press releases, investor newsletters, SEC filings or other
information is disclosed, please visit
http://www.s3investments.com/ealert.asp.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business
Development Company regulated by the Investment Company Act of 1940. S3's
investment portfolio is currently comprised of two private companies. S3
holds a 100% equity interest in Redwood Capital
(http://www.redwoodcapinc.com), which assists private Chinese companies in
accessing U.S. capital markets by utilizing a network of investment banking
relationships, and a 51% equity interest in SINO UJE
(http://www.sinouje.com), a non-stocking distributor of medical and
industrial high-tech products to markets throughout China.
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.
Contact:
Gemini Financial Communications for S3 Investment Co.
A. Beyer
951-587-8072
Email Contact
investment company with holdings doing business in the China market, today
announced the completion of the mailing of a proxy statement and notice of
special meeting to shareholders and again urged all stockholders to return
their proxies as soon as possible.
In conjunction with the completion of the proxy mailing, S3 issued a
statement reiterating the Board of Directors' recommendation that
shareholders vote in favor of the proposal and that, no matter how
shareholders vote on the proposal or how many shares they own, it is
extremely important that all stockholders participate in the process.
"Now that we have confirmed that all material has been mailed, we ask that
shareholders complete and return their proxies," commented Jim Bickel,
chief executive officer of S3 Investment Company, Inc. "Delays in reaching
a quorum will only result in further solicitation expense to the company,
and we hope to avoid any unnecessary delays and have the proposal addressed
at our April 5, 2006 meeting date."
Shareholders are asked to return their completed proxies by mail in the
return envelope provided or send by facsimile to Transfer Online at
503-227-6874. Votes can also be taken by telephone at 1-800-454-8683 or
online at www.proxyvote.com.
"Any shareholders who have not received a proxy and wish to vote on the
proposal are asked to contact S3 Investment Company by telephone at
951-587-8072 or by email at investors@s3investments.com. The company will
provide whatever assistance it can that so that all stockholders can
participate in the voting process," added Mr. Bickel.
The proxy statement requests shareholder votes on a proposal that would
authorize the Board of Directors to withdraw the company's election to be
treated as a business development company pursuant to Section 54(c) of the
Investment Company Act of 1940. The special meeting that will be held at
the company's corporate offices on April 5, 2006 at 10:00 a.m. Pacific
where the proposal will be considered and voted upon.
To sign up to receive information by email directly from S3 Investment
Company when new press releases, investor newsletters, SEC filings or other
information is disclosed, please visit
http://www.s3investments.com/ealert.asp.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business
Development Company regulated by the Investment Company Act of 1940. S3's
investment portfolio is currently comprised of two private companies. S3
holds a 100% equity interest in Redwood Capital
(http://www.redwoodcapinc.com), which assists private Chinese companies in
accessing U.S. capital markets by utilizing a network of investment banking
relationships, and a 51% equity interest in SINO UJE
(http://www.sinouje.com), a non-stocking distributor of medical and
industrial high-tech products to markets throughout China.
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.
Contact:
Gemini Financial Communications for S3 Investment Co.
A. Beyer
951-587-8072
Email Contact