Redwood Group International (RDWD)

[The Rainmaker]

SIVC-Next RM deal getting closer to being complete. I'm looking for them to announce what shell they're using for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd.(Haijie) deal.

One of the most time consuming parts of closing these Chinese reverse mergers is completing the audited financials. They can't do a PIPE financing or merge these Chinese Companies into fully reporting shells without audited financials.

S3 Investment Company, Inc has announced that the 2007 fiscal year revenues (audited) for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd.(Haijie), a reverse merger client of S3’s Redwood Capital, Inc. subsidiary, exceeded $21.7 million. An audit of the company’s financials is an important milestone in the planned reverse merger of Haijie into a U.S. public company. The 2007 audited revenue numbers are reflective of a March 31, 2007 fiscal year end for Changzhou Haijie Metallurgical Machinery Manufacturing Co.

“We believe that there will be significant interest in this company, and Redwood Capital is looking forward to completing the additional steps necessary to consummate the reverse merger transaction.