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Press Release Source: S3 Investment Company

S3 Investment Company Files Quarterly Financial Report
Tuesday November 21, 8:59 am ET

TEMECULA, CA--(MARKET WIRE)--Nov 21, 2006 -- S3 Investment Company, Inc. (Other OTC:SEIH.PK - News), a holding company with two subsidiaries doing business in the China market, has filed its 10-QSB quarterly report for the period ended September 30, 2006.

The 10-QSB reported total revenues of $744,924 for the period, up from $170,993 for the same three-month period in 2005. Gross profit for the quarter was $125,772, as compared to $70,461 for the same period last year.

Jim Bickel, chief executive officer of S3 Investment Company, commented, "The nature of the businesses of our subsidiaries is such that there are fluctuations in the financial results over the course of the year. As a result, the more modest numbers included in this quarterly report, when viewed in comparison to the recent audited year-end financial statements, are not a cause for great concern. SINO UJE paid a number of significant commissions during the period, and the value of Redwood Capital's stock position in Fushi International was down a bit for the quarter as well. That being said, we do expect the financial results to continue to be strong and even improve over last year's numbers, especially as S3 provides even greater resources to our subsidiaries operating in the China market.

"We are pleased to have this quarterly report filed and are continuing in our efforts toward re-instatement to the over-the-counter bulletin board (OTCBB). As our shareholders are well aware, we completed and filed our audited financial statements before the deadline had passed, but an inadvertently excluded opinion letter from the auditor caused the filing to be considered incomplete. We are confident that a thorough review of the circumstances will result in re-instatement within a relatively short period," said Mr. Bickel.

"Beyond the efforts to achieve re-instatement, we continue in our efforts to upgrade all aspects of the company, so that S3 can occupy a more prominent position in the U.S. public markets and shareholders are able to benefit from the increased value of our subsidiary operations. We expect to announce a major milestone in the furtherance of that goal within the next several days," added Mr. Bickel.

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 S3 Investment Company

S3 Investment Company, Inc. (http://www.s3investments.com) is a holding 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. SINO UJE has been granted exclusive distribution rights in China to medical and industrial products manufactured by leading companies in Europe, North America and Japan. These products are marketed to end-users, including major Chinese hospitals and private companies in a variety of fields, as well as original equipment manufacturers (OEMs), such as Phillips, Siemens and GE, that package the products with their technologies.

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
A. Beyer
[phone]
Email Contact



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Source: S3 Investment Company


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