Redwood Group International (RDWD)

[scoobey-do]

Sicilian, so far I haven't found a connection between S3 and Preston Gates. I can see your point regarding the link on Redwood's web site. We know that there are ties between MCF, GreCon and Sino, so it would follow that there is also a tie with Preston Gates. Preston Gates has been around a long time and appears to be a solid company. Do you know how long the link for Preston Gates has been on Redwood's web site?

The tie with GreCon goes back to at least 2004 acccording to the following PR:

http://www.s3investments.com/content/67313.htm

"A highlight of the trip was Mr. Bickel’s participation in a Board of Director’s meeting for SINO UJE’s China joint venture company in partnership with Fagus-GreCon Greten GmbH & Co., a world market leader of spark detection and extinguishing systems and process measurement systems for the wood panel industry. In mid-2004, SINO UJE and GreCon agreed to form a Wholly Owned Foreign Enterprise (WOFE), which was designed to immediately maximize the sales and service capability for all GreCon’s products in China. The Board meeting was a mid-year review and planning session for the last two quarters of the 2005 calendar year.

The WOFE classification affords the joint venture company a number of advantages when operating in China, one of which is allowing it to accept local currency for products and services. This is not the case for most other foreign companies that operate within China, since they can only do business directly with customers that are licensed to deal in foreign currencies.

“In addition to the other important work that was done during this visit, we are pleased to have gained greater insight into the progress of SINO’s GreCon joint venture and planning for its upcoming fiscal quarters,” commented Mr. Bickel. “SINO UJE completed its investment in the joint venture, and its 40% stake in the GreCon WOFE is expected to increase in value as the business grows and revenue increases.

“We anticipate updating S3 investors on the progress of the GreCon WOFE on a regular basis, as well as continuing our other reporting related to the SINO UJE subsidiary,” added Mr. Bickel"

Of course, the S3 shareholders haven't heard anything regarding the progress of SINO's GreCon joint venure but the link is still on Redwood's web site. I hope that it indicates that there is still some connection between the two companies rather than that Redwood has not updated their web site.

Merry Christmas to you and your family. scoob