Redwood Group International (RDWD)

[snowcloud]

NEWS --

DANVILLE, Calif., Jun 23, 2010 (GlobeNewswire via COMTEX) -- S3 Investment
Company, Inc. (Pink Sheets:SIVC) today announced that the company's Chairman and
CEO Jim Bickel has attended a conferenc e titled "Mongolia: Capital Raising" held
on June 15-16, 2010 at the Chinggis Khaan Hotel in Ulaanbaatar, Mongolia. This
annual conference focused on capital raising by Mongolian private sector and the
Mongolian government by way of privatization and/or sovereign bond issues.
According to conference organizers, investment opportunities in Mongolia have
become exponentially abundant as the country is aggressively emerging from
severe economic crisis last year and its mining sector is poised to boom.

S3's wholly owned Redwood Capital subsidiary, which assists private Chinese
companies in accessing the North American capital markets by achieving reverse
merger and financing transactions, has recently signed a new client that
operates in Mongolia's mining sector. Redwood Capital is exploring additional
opportunities the country, which is considered an exciting potential new market
for investment.

The conference welcomed a variety of professionals and business partners in the
world's financial centers. It was an opportunity to get acquainted, present the
promising possibilities to invest or to be invested and cooperate; to meet,
communicate and expand networks between foreign entities and local
representatives and companies. Mongolian businessmen met with major foreign
stock exchanges, investment banks, investors and other various types of
professionals in the markets.

Mongolia has recently gained attention as a new frontier for foreign private
equity investment, particularly in the areas of natural resources and mining.
Mongolia has $5 billion economy with 8% average annual Gross Domestic Product
growth. As one of the fastest growing markets in the world, its key economic
driver is natural resources. Mongolia is estimated to need up to $30 billion of
investment to develop its natural resources. Canada's Ivanhoe Mines and its
partner, Rio Tinto, one of the larg est mining companies in the world, have
recently signed an agreement for the development of a $3 billion copper and gold
mine in Mongolia.

"I was pleased to have the opportunity to attend this investment conference in
Ulaanbaatar," said S3 Investment Company Chairman and CEO Jim Bickel. "Having
visited Mongolia on my previous trip to Asia as Redwood Capital was preparing to
sign Monseka Mining Corporation as a client, I was already aware of the
significant opportunities in Mongolia, but this event has only strengthened my
belief that Redwood Capital may find additional business in the country."

Monseka Mining Corporation was founded to become a world class multi-mineral
provider focused on the production of tungsten, tin, molybdenum and bismuth. The
company has a successful track record analyzing mines for major mining companies
in Mongolia, Australia, Indonesia, Papua New Guinea, and Vietnam, plans to
expand while maintaining a unique earnings growth model by continually acquiring
producing properties, which they can improve efficiency, and acquiring
late-stage proven reserves that can be quickly brought to production. The
company's business model focuses on low cost acquisition of current production
and late stage resources. Monseka Mining has 4 current projects: one in
production, one in development and two in feasibility study stage.

To sign up to receive information by email directly from S3 Investment Company
when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s3investments.com/investors/.

About S3 Investment Company, Inc.

S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of two
subsidiaries operating in the China market. Redwood Capital, Inc. assists
private Chinese companies in acc essing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, please visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.

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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: S3 Investment Company, Inc.


By Staff

CONTACT: CONTA CT: S3 Investment Company

Investor Relations

888-528-0883

[e-mail]




(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

-0-




INDUSTRY KEYWORD: Business Services

SUBJECT CODE: BANKING

MINING

INTERNATIONAL

& nbsp; Company Announcement