Kursanstieg bei S3 INVESTEMENT CO (SEIH.OB)
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vielleicht lachen wir uns zusammen kaputt wenn wir bei 0,1 USD verkaufen...
wird schon klappen!!
Morgen heißt es also entweder Flop oder Top!
Entweder gibt`s Mega-News oder der Kurs wird sich bei 0,0011 bis 0,0012 wiederfinden!
Press Release Source: S3 Investment Company
S3 Investment Company Files Form N-54C Notification of Withdrawal of Business Development Company Election
Thursday April 6, 3:08 pm ET
CEO Provides an Update of Operations to Stockholders
TEMECULA, CA--(MARKET WIRE)--Apr 6, 2006 -- S3 Investment Company, Inc. (OTC BB:SEIH.OB - News) today announced that at a special meeting of shareholders held on April 5, 2006 at the company's corporate offices, a majority of the holders of the company's common stock approved a proposal to withdraw S3's election to be treated as a business development company (BDC). The company has filed a Form N-54C notifying the Securities and Exchange Commission that the company has withdrawn its election to be subject to sections 55 through 65 of the Investment Company Act of 1940. The withdrawal is effective immediately, and S3 is currently conducting business as an operating company rather than as a business development company subject to the Investment Company Act.
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At the special meeting, the company's inspector of election totaled the number of shares represented at the meeting, and concluded that a total of 871,351,808 shares of S3's common stock were represented in person and/or by proxy. This represented a quorum for the purpose of conducting valid shareholder business at the meeting, since as of February 17, 2005, there were a total of 1,684,312,432 shares of S3 common stock issued and outstanding. The following voting results were then announced: 860,119,863 shares voted in favor, 8,469,545 shares voted against and 2,762,400 shares abstained. With a majority of the outstanding common stock voting in favor, the proposal was approved.
"We are pleased to have reached a quorum at the special meeting, and that our shareholders have approved the proposal to withdraw S3's election to be regulated as a business development company," commented Jim Bickel, chief executive officer of S3. "Even as we were focused on the process of gaining shareholder approval of this proposal, S3 management has continued to devote considerable attention to the growth of our SINO UJE and Redwood Capital subsidiaries. Now that our BDC withdrawal is complete, and we have a structure that our Board of Directors believes is more suitable for the future success of the company, shareholders should begin to get a better sense of the true value and tremendous potential of S3 and its subsidiaries."
After the approval of the proposal was achieved, Mr. Bickel addressed the shareholders present at the meeting and provided an update on a number issues related to S3, SINO UJE and Redwood Capital. Included in the information discussed was that both Redwood and SINO UJE remain active and expect continued growth throughout 2006.
SINO UJE orders, which are estimated to average in the range of $30,000 to $50,000 per order, are strong thus far, and if they continue throughout the year, SINO UJE will exceed any previous year's revenue numbers. Current suppliers, such as Ulrich, which is expected to represent over 50% of all SINO UJE sales this year, are submitting orders on a regular basis. New suppliers, including Abaxis, Inc., a publicly traded company that develops, manufactures and markets portable blood analysis systems for use in patient-care setting to provide clinicians with rapid blood constituent measurements, are expected to increase the rate of orders as their products gain regulatory approval in China and are added to the SINO UJE distribution network.
Redwood Capital currently has 6 client companies in its pipeline and expects to have one new company under contract by the end of this month. A minimum of three new client companies are expected to be under contract by the end of the 2006 calendar year.
"We were happy to have the opportunity to provide this information, and we encourage any shareholders who were not able to attend the meeting to contact us if they have any questions about the topics discussed. We also intend to continue the flow of information into the public domain so that shareholders can become more familiar with the details of SINO UJE and Redwood Capital in advance of the company's upcoming quarterly and year end filings."
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 an operating company with two subsidiaries doing business in the China market. 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.