SEIH S3 Investment Company Announces Agreement with Redwood Capital Investment Banking Client, Xingye Copper: "SEIH S3 Investment Company Announces Agreement with Redwood Capital Investment Banking Client, Xingye Copper
TEMECULA, Calif.--(BUSINESS WIRE)--July 6, 2005--S3 Investment Company (OTCBB:SEIH) today announced that portfolio investment Redwood Capital Inc. has signed an initial investment banking agreement with Xingye Copper Co. Limited, a leader in the production of high-precision copper strips with projected after-tax profits for the 2005 calendar year of $9.6 million.
'Swift and effective work by Redwood's team in China has resulted in a second client much sooner than we had projected and significantly ramps up our revenue expectations for this portfolio investment,' commented Chris Bickel, chairman and chief executive officer of S3 Investment Company. 'While there is additional due diligence and site visits to be completed, we are confident that Xingye Copper meets our gold-standard requirements and will be well-received in the U.S. public markets.'
The initial agreement calls for Redwood to manage a reverse merger of Xingye Copper into a public U.S. company and obtain funding in U.S. capital markets through an initial Private Investment in Public Equity (PIPE) followed by a listing on a U.S. national market and a subsequent secondary registered offering. As with all clients, Redwood Capital is expected to receive compensation for its participation in the process in the form of up-front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Additional fees for services and equity/warrant participation are anticipated in follow-on public offerings for Xingye Copper.
Xingye Copper produces and markets co"
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