Redwood Group International (RDWD)

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Press Release Source: S3 Investment Company

S3 Investment Company Announces Continued Progress of Shareholder Vote for April Meeting
Monday April 3, 10:38 am ET

TEMECULA, CA--(MARKET WIRE)--Apr 3, 2006 -- S3 Investment Company, Inc. (OTC BB:SEIH.OB - News), an investment company with holdings doing business in the China market, announced today that it is nearing the total number of votes required to constitute a quorum, with over 774 million votes received thus far. A total of 842,156,216 votes must be reached for any business to be conducted at the April 5, 2006 special meeting of shareholders.

S3 management continued to encourage shareholders, no matter how they intend to vote on the proposal or how many shares they own, to participate in the process by attending the meeting or completing and returning their proxies so their votes will be counted.

"We are very pleased with the large number of votes received to this point and the overall level of participation by S3 shareholders, but we continue to ask stockholders who have not registered their votes to do so before this week's meeting," said Jim Bickel, chief executive officer of S3 Investment Company, Inc. "Even with the short time remaining, shareholders can still return their proxies by mail, vote online, or by telephone to ensure that a quorum is reached by the meeting date. We hope to avoid any delays that would prolong the process and potentially incur additional solicitation expense for the company."

Shareholders can 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.

"Our investor relations team is fielding questions and providing assistance in the voting process by telephone at 951-587-8072 or by email at [e-mail]. We will continue to provide whatever support is necessary 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, where the proposal will be considered and voted upon, will be held at the company's corporate offices on April 5, 2006 at 10:00 a.m. Pacific.

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:
Contact:
Gemini Financial Communications for S3 Investment Co.
A. Beyer
951-587-8072
Email Contact



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Source: S3 Investment Company


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