S3 Investment Company, Inc. (PINKSHEETS: SIVC)today commented on another new contract announced by Boyuan ConstructionGroup, Inc., a client of its Chanel Replica Handbags wholly owned Redwood Capital subsidiary, whichsuccessfully completed its entry into the North American capital markets inMarch of 2009. Boyuan Construction Group, Inc., which is publicly tradedon Canada's TSX Venture Exchange under the symbol BOY, recently reportedthat it had been awarded a contract valued at $19 million to develop a16-story, 40,000 square meter commercial building in the city of Qingzhou,located in China's Shandong province.
The project, which is expected to be completed in March 2011, will resultin one of the largest commercial buildings ever to be developed inQingzhou.
Redwood Capital acted as the Chinese merchant banking advisor for theBoyuan Construction Group in a reverse takeover transaction which resultedin the company being listed on the TSX Venture Exchange. As a result ofits participation, Redwood Capital received shares of Boyuan common stock.As of the period ended September 30, 2009, the last reported by thecompany's financial disclosure through the Pink Sheets OTC Disclosure andNews Service, Redwood Capital owned 691,203 Boyuan common shares.
Boyuan Construction Group, Inc., a fast-growing construction company inChina of commercial, residential and municipal infrastructure projects, hasreported increased revenues over the previous year in each of the quartersreported since the company became listed in North America.
"Due to our Boyuan Construction common stock position, we will continue tofollow this company as it signs new contracts and expands its business inthe China market," said S3 Chairman and CEO Jim Bickel. "The value of theBoyuan shares, in addition to that of other current and future RedwoodCapital clients, forms the basis of the asset value that S3 is building forits shareholders. While many companies are searching for markets andcustomers for their services, Redwood Capital is catalog printing firmly entrenched inChina's robust business landscape."
"The Redwood Capital business model has proven successful in assembling theassets the company currently holds, and we expect that 2010 will bringadditional stock and stock value as other client listing and fundingtransactions are closed," Mr. Bickel added.
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About S3 Investment Company, Inc.
S3 Investment Company, Inc. ( ) and its RedwoodGroup International subsidiary are focused on facilitating the success oftwo subsidiaries operating in the China market. Redwood Capital, Inc.assists private Chinese companies in accessing the North American capitalmarkets by utilizing a network of investment banking relationships toachieve reverse merger transactions. For more information, please visit . Redwood Medical, Inc. assists companiesseeking to import and distribute Western medical technologies and productsinto the China market.
Any statements contained herein related to future events areforward-looking statements and are made pursuant to the safe harborprovisions of the Private Securities Litigation Reform Act of 1995. Readersare cautioned not to place undue reliance on forward-looking statements. S3Investment Company, Inc. undertakes no obligation to update any suchstatements to reflect actual events.
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