Redwood Group International (RDWD)

[crudeoil24]

Mr. Bickel visited the offices of S3's SINO UJE subsidiary during this most recent trip and met with management regarding the status of current supplier relationships. He reviewed new potential business opportunities and reported that SINO UJE anticipates a new representation contract with a U.S. company seeking access to the China market very shortly.

"There is a tremendous amount of activity involving our subsidiary companies operating in China, and I am pleased to report that we will have a number of follow-up announcements concerning the business of both Redwood Capital and SINO UJE over the next few weeks," stated Mr. Bickel. "We will have the announcement of the name of our new Redwood client and company that signed a representation agreement for SINO UJE, as well as additional events that we expect to impact the revenues and future value of the company