Redwood Group International (RDWD)

[snowcloud]

DANVILLE, CA, May 15, 2008 (MARKET WIRE via COMTEX) -- S3 Investment Company,
Inc. (PINKSHEETS: SIVC) and its wholly owned Redwood Capital subsidiary, which
assists private Chinese companies i n accessing the U.S. capital markets through
reverse mergers into public companies, today announced that John Bai has been
appointed as project manager for Redwood Capital. Mr. Bai brings to Redwood
Capital extensive experience in international financial markets

Mr. Bai most recently worked with Redwood Capital's client, Dalian Chuming, a
pork processing company that trades in the U.S. as Energroup Holdings
Corporation under the symbol ENHD. Mr. Bai facilitated road shows and meetings
with investors; coordinated public announcements, quarterly and annual earnings
releases and conference calls; managed professional services providers including
investor relations, legal and auditing; assisted the CFO in SEC regulations and
compliance, filings and disclosure; and arranged Board meetings and shareholder
meetings and prepared the relevant documents for each.

As part of the Dalian Chuming acquisition transaction, Energroup Holdings
Co rporation, a Nevada corporation, acquired all of the issued and outstanding
capital stock of Precious Sheen Investments Limited ("PSI"), a British Virgin
Islands corporation and parent company of PRC-based Dalian Chuming.

Previously, Mr. Bai worked as an investment advisor for a full-service
investment dealer based in Canada. In this position, he introduced and
recommended pre-IPO companies to investors; provided financing service for
public companies through private financing; kept track of the general economy,
forecasted sector trends and analyzed companies' financial reports, such as
balance sheets and cash flows to understand the companies' financial status; and
independently analyzed, evaluated and recommended stocks, stock options and
bonds to clients with satisfactory results.

Mr. Bai also served as the manager for a private fund based in Los Angeles,
California, where he increased the return for each of the three years he h eld
his position. In this role, he applied financial theories, focused on quality
stocks with strong fundamentals and growth potential, disciplined in entry
points selection with technical analysis, and created effective stop/loss
processes.

As project manager and then chief project manager for the Ministry of Aerospace
of China, Mr. Bai negotiated $20 million in savings in procurement of key
components and significantly reduced the risk for a project valued in excess of
$100 million, conducted numerous negotiations and signed many contracts with
prices below targets, extensively traveled internationally and domestically and
significantly promoted and enhanced company's business and image.

"I am very pleased to join the Redwood Capital team in the capacity of project
manager," commented Mr. Bai. "There continues to be tremendous opportunities for
Redwood Capital in China, and I look forward to contributing to the company's
on going growth."

Jim Bickel, chairman and chief executive officer of S3 Investment Company, who
is currently conducting business in China, stated, "We are extremely fortunate
to have a professional with the experience of Mr. Bai join Redwood Capital at
this time. He has proven to be highly capable in a variety of financial market
settings, and his recent experience with the Dalian Chuming transaction further
elevates his value to Redwood Capital."

In the recent Dalian Chuming transaction, Redwood Capital was issued 428,095
shares of Energroup Holdings Corporation as the equity portion of its payment
for provided advisory services for the transaction. Institutional and accredited
investors participated in a $17.0 million private placement with Energroup
Holdings Corporation, paying $4.40 per share. At the placement price, the value
of Redwood Capital's equity position would exceed $1.8 million. At the most
recent trading price of E nergroup Holdings Corporation's common stock, the value
of the equity position would exceed $2.1 million.

Energroup Holdings Corporation has since reported that revenues for the year
ended December 31, 2007 totaled $124.7 million, a 77% increase over the $70.4
million reported in 2006. Gross profit for 2007 was $20.3 million, representing
a 61% increase from the $12.6 million reported in 2006.

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when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s3investments.com/investors/.

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. cap ital markets by utilizing a
network of investment banking relationships to achieve reverse merger
transactions, 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.

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:

For S3 Investment Company

Gemini Financial Communications, Inc.

A. Beyer

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SOURCE: S3 Investment Company




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Financial Services:Commercial and Investment Banking