Redwood Group International (RDWD)

[scoobey-do]

Good Afternoon Doc. With your post this morning regarding S3, you got me going over S3's financials also. I found a couple of items that are interesting.

"During the fiscal year ended June 30, 2006, Redwood Capital completed a reverse merger transaction with Dalian Fushi Enterprise Group, Co., Ltd. Redwood Capital has received fees and stock for the services that were performed in arranging this transaction. Redwood Capital has a number of other clients in the pipeline and through its present and future deal flow will be able to repay the $523,206 that has been advanced to them by the Company as well as contribute a significant dividend to the Company

Sino UJE, Ltd. has become cash positive and anticipates in the coming fiscal year commencing the repayment of the credit line of $436,080 that has been advanced to them by the Company."

It is good to hear that Redwood has a number of clients in the pipeline. I don't know exactly how much revenue was generated thru Redwood's client Fushi but I believe it was in the high six figures. It will make a big difference to S3's financials when a second RTO is closed.

Also from S3's 10-Q

"Results of Operations

Three months ended September 30, 2006 compared to three months ended September 30, 2005

During the three months ended September 30, 2006, the Company experienced a net loss of $189,660 or approximately ($0.00009) per share compared to a net gain of $109,241 or approximately $0.0001 per share for the same period last year. The Company generated $744,924 of revenue in the three month period ended September 30, 2006 compared to $170,993 of revenue for the same period ended September 30, 2005."

The revenue comparison between 2006 and 2005 is as an operating company for both years and the 2006 revenue increase 335% over that of 2005. Very good increase if you ask me.

For any one that wants to review the 9/2006 10-Q, here is the link:

http://freerealtime.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4781424&Type=HTML

GLTA longs. scoob