Redwood Group International (RDWD): Updated SIVC News Recaps-CEO JB in China...

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The Rainmaker

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Friday, 05/16/2008 5:13:22 PM

Friday, May 16, 2008 5:13:22 PM

Updated SIVC News Recaps-CEO JB in China until approx. May 24.
Possibility we get more deals signed before he leaves China.

May 15, 2008--New Project Manager for Redwood Capital Subsidiary. John Bai has been appointed as project manager for Redwood Capital. Mr. Bai brings to Redwood Capital extensive experience in international financial markets...Mr. Bai most recently worked with Redwood Capital's client, Dalian Chuming, a pork processing company that trades in the U.S. as Energroup Holdings Corporation under the symbol ENHD. Mr. Bai facilitated road shows and meetings with investors...Previously, Mr. Bai worked as an investment advisor for a full-service investment dealer based in Canada.... Mr. Bai also served as the manager for a private fund based in Los Angeles, Ca....project manager and then chief project manager for the Ministry of Aerospace of China.

May 9, 2008-- Appointment of Controller to Assist With Financial Filings in Preparation for OTCBB Application... today announced the appointment of Lesly H. Mohr, CPA, to serve as controller for S3. The company is currently implementing a strategy by which it will complete the audited financial reports necessary to apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market. These filings are expected to include annual reports for the 2006, 2007 and 2008 fiscal years. S3 has engaged an auditing firm to conduct audits of its subsidiary businesses in China as part of the effort to achieve fully reporting status, and expects to announce the engagement of an additional independent auditing firm for S3 in the near term. The S3 auditor will be SEC approved and will meet all applicable PCAOB standards."The OCTBB listing is an important element of S3's long term strategy, especially as the company seeks to return value for shareholders through stock appreciation and potential future stock dividends," Mr. Bickel added

May 7, 2008--Promotion of Annie Lian to Position of Project Manager for Redwood Capital Subsidiary.... responsible for marketing and further development of Redwood Capitals pipeline of existing and prospective clients. In addition to Redwood Capital's existing client base, it has a larger number of prospective clients that are in various stages of due diligence. A critical element of Redwood Capital's expertise is in sourcing and qualifying private Chinese companies that can successfully enter the U.S. public markets through reverse merger transactions. The promotion of Ms. Lian will allow Redwood Capital to expand the capabilities of its due diligence process and increase its marketing efforts within China.

Apr 29, 2008--CEO Trip to China for Meetings With Existing Redwood Capital Clients and to Bolster Pipeline of Prospective Redwood Clients....today announced that chairman and chief executive officer Jim Bickel is preparing to travel to China for meetings with existing Redwood Capital clients and to support the expansion of Redwood's pipeline of prospective clients. Redwood Capital has three current Chinese private company clients, Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd., Wuhan International Trade College, and Shandong Yiteng Chemical Co., Ltd. Given the company's goal to complete one reverse merger transaction per quarter, Redwood Capital will continue to target and evaluate additional potential clients. The company's extensive network of contacts and the bourgeoning business landscape in China provides abundant deal flow for Redwood Capital."In order to meet our goal of one closed reverse merger transaction per quarter and given the nature of the Redwood Capital business, the development of a robust pipeline of prospective clients is a critical element in the successful execution of Redwood's strategy," ..."The work of sorting through all potential client companies requires significant support from S3, and we will continue to provide that support, even when it entails frequent trips to China," Mr. Bickel added.

Apr 24, 2008 --April 2008 Newsletter Highlighting Value of Successful Reverse Merger Transaction and New Client for Redwood Capital Subsidiary..."The highlight of this period would have to be the successful close of the Dalian Chuming acquisition by Energroup Holdings Corporation, publicly traded here in the U.S. Given the value of Dalian Chuming, as evidenced by its recently disclosed 2007 year-end financials, participating in this transaction was truly a watershed event in the history of Redwood Capital. Sourcing new deals becomes much easier after participating in a transaction of that magnitude. "Management continues to work on the details of the plan to dividend shares of the stock of Redwood Capital's reverse merger clients to S3 shareholders of record at a future date. The company continues to explore all options in this regard with its SEC counsel, and we will discuss the plans to implement such a dividend as soon as possible. We must ensure that all of the appropriate steps are followed and that all potential legal and SEC compliance issues are addressed."

Apr 22, 2008 --CEO Addresses Focus on Reverse Merger Transactions for Redwood Capital Subsidiary...Updated Financials for Dalian Chuming Highlights Potential Value to S3 Shareholders...the company's focus on reverse merger transactions by its Redwood Capital subsidiary, which yesterday announced a new client, Shandong Yiteng Chemical Co., Ltd... has recently focused the majority of its attention on Redwood Capital, which assists private Chinese companies in accessing the U.S. capital markets through reverse mergers into U.S. public companies. "The Redwood Capital business has become an even greater focus for S3 recently, due to the priority we place on building value for shareholders," commented Mr. Bickel. "As the successful closed acquisition transaction involving Dalian Chuming demonstrates, the value of the equity portion of these transactions to Redwood Capital can be extremely significant." "These results graphically highlight the reason that we are working very closely with Redwood Capital to reach, and perhaps even exceed, its goal of participating in at least one closed reverse merger transaction per quarter," Mr. Bickel added.

April 16, 2008--Shandong Yiteng Chemical as New Reverse Merger Client for Redwood Capital Subsidiary...Additional Potential Clients Are Considered by Redwood Capital...Shandong Yiteng Chemical Co., Ltd. (http://www.sdytjt.com), based in China's Shandong province, is a leading manufacturer of chemicals in China, including hydroxypropyl cellulose and polyanionic cellulose. "The addition of another quality Chinese private company client further strengthens the position of Redwood Capital and S3 Investment Company in the reverse merger sector," said S3 chairman and chief executive officer Jim Bickel. "Our participation in the successful close of the Chuming transaction significantly increased our profile in China, and we continue to see a consistent flow of potential clients for Redwood Capital to consider." "Redwood Capital now has three active reverse merger clients in China and is considering several additional candidates. We look forward to future transaction closings and the significant equity value that they bring to the company's balance sheet," he added.

April 9, 2008--First Targeted Transaction Under Redwood Capital Agreement With Kensington Cross...today announced that under the agreement between S3 subsidiary Redwood Capital, Inc. and Kensington Cross, Ltd., a boutique U.S. investment banking firm, to fund private equity transactions ranging from $20 million to $100 million (US), an initial deal has been identified...The targeted private Chinese company is an industrial warehousing operation seeking to expand its reach both within China and internationally....Kensington Cross recently named a new representative in its Beijing, China office. The new representative has begun working with Redwood Capital Managing Director Charlie Wu on deal flow and identifying appropriate candidates for private equity transactions....Frederick S. Gnesin, Managing Director of Kensington Cross, stated, "Our presence in Beijing is now completed with the S3 partnership. This strategic alliance will augment Kensington's capability to address the needs of middle to large market-cap companies seeking substantial private investment capital infusion and exposure to the United States capital markets."

Apr 3, 2008 -- return of Chairman and Chief Executive Officer Jim Bickel from his most recent trip to China for meetings with potential new reverse merger clients for S3's Redwood Capital subsidiary. As a result of the trip and subsequent meetings, S3 expects to announce a new Redwood Capital client in the next several days........we expect a consistent stream of news in the coming weeks,

Mar 6, 2008 --March 2008 issue of its investor newsletter, which provides a review of recent announcements made by the company, including a new agreement with Kensington Cross Ltd., a Delaware domiciled boutique investment banking firm with offices in Beijing, China, to fund private equity transactions ranging from $20 million to $100 million (US)

Feb 28, 2008 --Chairman and Chief Executive Officer Jim Bickel is scheduled to travel to China on March 5, 2008 for meetings with up to 6 potential new reverse merger clients for S3's Redwood Capital subsidiary, and while in China, will visit with Redwood Capital two current clients, Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. and Wuhan International Trade College.

Feb 26, 2008 -- Redwood Capital subsidiary has entered into a long-term agreement with Kensington Cross Ltd., a Delaware domiciled boutique investment banking firm with offices in Beijing, China, to fund private equity transactions. Kensington Cross and Redwood Capital together offer current and potential clients enhanced equity and joint venture alternatives transactions ranging from $20 million to $100 million (US). Kensington Cross is expanding its operations into China and Latin America and is currently working on transactions in Costa Rica and China involving international flag hotels and industrial development projects respectively.

Feb 20, 2008 --engaged an auditing firm to conduct audits of its subsidiary businesses in China as part of its efforts to achieve fully reporting status and reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market...Samuel H. Wong and Co. LLP, a leading certified public accounting firm with offices in the United States and Asia, has initiated work to audit S3's SINO UJE subsidiary and is expected to perform an audit of S3's Redwood Capital subsidiary as well. Samuel H. Wong and Co. is familiar with S3 and its subsidiary companies, having conducted the audit for Redwood Capital's reverse merger client, Dalian Chuming, which was successfully acquired by a U.S. public company in a reverse merger transaction in January 2008. In addition to the subsidiary audits, S3 has hired a compliance officer to manage the process of completing and filing the audited financial reports required to file for an OTCBB listing. The audited financials to be filed are expected to include annual reports for the 2006, 2007 and 2008 calendar years. With the completed financial reports, S3 has targeted an OTCBB application by September 2008.

Feb 14, 2008 --Redwood Capital subsidiary has received the equity portion of its payment for providing advisory services for the recently closed acquisition transaction involving Dalian Chuming, a pork processing company based in China.Redwood Capital has been issued 428,095 shares of Energroup Holdings Corporation(ENHD), a publicly traded Nevada corporation that acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of Dalian Chuming. Energroup Holdings Corporation is traded under the symbol ENHD.

Feb 13, 2008 --February 2008 newsletter, which highlights a number of recent significant announcements by the company, including a new reverse merger client for its Redwood Capital subsidiary, a new representation agreement for its SINO UJE subsidiary, and receipt of a financing commitment for 2008. The financing commitment, which is expected to eliminate the need to use S3 stock as a funding resource, results in S3 being fully funded for 2008, and the company is implementing a strategy by which it will file audited financial reports for the last three fiscal years and apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market.

Feb 7, 2008 -- SINO UJE subsidiary has entered into a representation agreement with Material Technologies, Inc., a California-based engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. Material Technologies ("MATECH"), a publicly traded company, recently announced that it had been invited to meet with several companies to discuss prospective business opportunities in China, and SINO UJE is acting as its representative in China to assist with introductions to the appropriate individuals and departments within the Chinese government that are charged with the safety and development of the country's infrastructure.

Feb 5, 2008 -- Received a financing commitment, which results in the S3 being fully funded for 2008 and is implementing a strategy by which the company will apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market. The funding covers all corporate expenses for the 2008 calendar year and would eliminate the need for any equity transactions to finance S3 operations for the year. As part of the financing terms, S3 will complete the audited financial reports required to file for an OTCBB listing. The audited financials to be filed are expected to include annual reports for the 2006, 2007 and 2008 calendar years. "We are pleased to have received the financing commitment that will cover all corporate expenses for 2008 and eliminate the need to use S3 stock as a funding resource for the year," stated Jim Bickel, chairman and chief executive officer of S3 Investment Company.

Jan 31, 2008 --Redwood Capital subsidiary has signed Wuhan International Trade College, the second largest vocational education school in Hubei Province, as its newest client. Redwood Capital is in the business of assisting private Chinese companies to access the U.S. capital markets through reverse mergers into U.S. public companies. Wuhan International Trade College (http://www.whicu.com), a for-profit institution that has cooperative ties to universities in North America and Europe, has developed an aggressive growth strategy, which is expected to include the construction of new buildings to accommodate a rapidly growing enrollment and the acquisition of another existing private college.

Jan 23, 2008 -- The appointment of Matthew Totty to the position of Director of Research for its Redwood Capital subsidiary. In the Director of Research position, Mr. Totty will work with the S3 and Redwood Capital management teams on Redwood's future investment banking deals. He will work with the company's Chinese due diligence team to confirm financials and estimates and to create business plans, presentations and other relevant information. He will also provide assistance with the public company management and planning for S3.

Jan 15, 2008 --January 2008 investor newsletter, which features an article on the recent close of a transaction involving Redwood Capital client Dalian Chuming, a pork processing company with USD $70.4 million in sales in 2006.

Jan 10, 2008 --The company's Board of Directors has met and discussed a plan to dividend shares of the stock of Redwood Capital's reverse merger clients to S3 shareholders of record at a future date.....the dividend of a percentage of the post-close equity that Redwood Capital is expected to receive from each reverse merger transaction.

Jan 8, 2008 --Energroup Holdings Corporation, a publicly traded Nevada corporation, has acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of PRC-based Dalian Chuming, a pork processing company with USD $70.4 million in sales in 2006, and USD $89.7 million in unaudited sales in the first three quarters of 2007. Dalian Chuming is a client of S3's wholly owned Redwood Capital subsidiary and Redwood Capital acted as an advisor to Dalian Chuming for this transaction.

Jan 3, 2008 -- Chairman and chief executive officer Jim Bickel is scheduled to travel to China next week for meetings with potential new reverse merger clients of S3's Redwood Capital subsidiary and with the management of two suppliers of S3's SINO UJE subsidiary...Mr. Bickel will depart from the United States on January 8 and is scheduled to return on January 23. He will visit several major cities in China, including Beijing, Shanghai and Guangzhou...During the trip, Mr. Bickel expect to sign an initial agreement with at least one new reverse merger client for the Redwood Capital subsidiary. He will also meet with additional potential reverse merger clients. S3's goal for Redwood Capital in 2008 is to complete four reverse merger transactions.

Dec 4, 2007 --Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. ("Haijie"), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, has selected Hunter Wise Financial Group, LLC of Irvine, California to act as the exclusive investment banking firm for its reverse merger into the U.S. public markets.

Nov 27, 2007 -- Dalian Chuming Group Co., LTD, a client of S3's Redwood Capital subsidiary, has selected Richardson & Patel, LLP to provide legal representation for its reverse merger into the U.S. public markets.

Nov 20, 2007 -- 2007 fiscal year revenues (audited) for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. (CMMC), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, exceeded $21.7 million.

Nov 13, 2007 -- SINO UJE Ltd. is on pace to top $4.5 million in gross revenues for calendar year 2007, an approximate 12% increase over the 2006 numbers

Nov 1, 2007 -- Dalian Chuming Group Co., LTD, a client of S3's Redwood Capital subsidiary, has selected Hunter Wise Financial Group, LLC of Irvine, California to act as the exclusive investment banking firm for its reverse merger into the U.S. public markets.

2008-The Rainmakers Moneymakers. stock symbol RAIN
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