DANVILLE, Calif., Feb. 15, 2011 (GLOBE NEWSWIRE) -- S3 Investment Company, Inc. (Pink Sheets:SIVC) today announced that its wholly owned Redwood Group International subsidiary is in the process of acquiring a broker-dealer to provide additional flexibility for the company to participate in transactions involving Redwood subsidiary companies. The acquisition is expected to be closed within the first calendar quarter of 2011.
The Redwood network of subsidiaries includes Redwood Capital, which assists private companies in Asia through the process of accessing capital markets through Alternative Public Offerings (APO) and funding transactions. Redwood Capital has participated in transactions for clients which are now listed on exchanges including the U.S. Over-the-Counter Bulletin Board (OTCBB) market and Canada's Toronto Stock Exchange (TSX) and has a pending client transaction on the Australian Stock Exchange.
"In recent months, Redwood Group International has expanded its subsidiary network to include Redwood Medical, the Redwood Asia Fund, LP, and now a broker-dealer," said S3 Investment Company Chairman and CEO Jim Bickel. "Having a broker-dealer as part of our network will provide benefits for both Redwood Capital and the Redwood Asia Fund as they pursue clients and investors for transactions. It is noteworthy that we achieved this subsidiary expansion without having to dilute public company shareholders to acquire existing operations or form new companies."
Additional information on the broker-dealer will be disclosed once the acquisition has been completed and a name change undertaken.
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About S3 Investment Company, Inc.
S3 Investment Company, Inc. ( http://www.redwoodgroupint.com ) and its Redwood Group International subsidiary are focused on facilitating the success of its subsidiaries operating in the China market, including Redwood Capital, Inc. Redwood Capital assists private companies in Asia through the process of accessing capital markets through Alternative Public Offerings (APO) transactions. The company has participated in transactions for clients which are now listed on exchanges including the U.S. Over-the-Counter Bulletin Board (OTCBB) market and Canada's Toronto Stock Exchange (TSX) and has a pending client transaction on the Australian Stock Exchange. For more information, please visit http://www.redwoodcapinc.com. The Redwood Asia Fund, LP is a private equity fund formed to facilitate faster capital response to the financing needs of Redwood Capital clients. Redwood Medical, Inc. assists companies seeking to import and distribute Western medical technologies and products into the China market.
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.
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