TEMECULA, Calif., Nov. 18, 2004 (PRIMEZONE) -- S3 Investment Company (OTCBB:SEIH) today announced that TSPartner, the Master Distributor for Securesoft Systems' "COMPLY" HIPAA compliance products, today announced a new strategic Consultant Residual Revenue (CRR) partner program for HIPAA and Compliance Consultants. CRR will generate monthly residual income for consultants performing HIPAA Compliance consulting and are in need of an Enterprise Compliance Solution.
The program is part of TSPartner's strategic marketing program to launch the new Enterprise HIPAA Compliance offering COMPLY. TSPartner has launched a three-level sales and marketing campaign to provide the "Best Enterprise Compliance Solution" to the marketplace. Level ONE (L1) targets Tier One providers of Compliance and Security Solutions. L1 providers include major law firms, accounting firms, consultant organizations, and IT hardware, software, and services companies. Level TWO (L2) includes partnering with the consultant community that includes this CRR Program, providing residual income for consultants who are in need of a comprehensive Enterprise Solution for Compliance Issues. Level THREE (L3) is the Direct Market, utilizing TSPartner's direct sales force and their 25 years of healthcare relationships. For L3 opportunities, TSPartner will leverage current and past relationships with hospitals, insurance companies, and other healthcare providers.
Gregory Dawson, CEO of TSPartner, commented, "This three tier marketing approach will ensure maximum penetration for COMPLY -- 'The Enterprise HIPAA Compliance Solution.' Working with Securesoft Systems, we have the premier HIPAA Enterprise Solution and will work diligently to provide this product to address security and other HIPAA requirements in preparation for the April 21, 2005 deadline (HIPAA Final Security Rule issued April 21, 2003) for HIPAA Security Compliance. By partnering with consultants currently working on HIPAA compliance at hospitals across the country, we can quickly gain access to healthcare industry end users who will be able to use this much needed system for analysis, planning, implementation, reporting, and monitoring compliance requirements. HIPAA is not a one-time event such as Y2K, rather it is an ongoing process that will be needed now and in the future. We look forward to working with Securesoft Systems to bring additional compliance offerings to the healthcare and other marketplaces in the future."
"It is the development of strategies such as the CRR partner program that demonstrate TSPartner's valuable insight into the software product market. We believe that TSPartner's expertise in the sales and marketing for COMPLY will result in Securesoft Systems growing into a valuable revenue-generating asset in the S3 Investment portfolio," commented Company CEO and Chairman Chris Bickel.
Company Profile
S3 Investment Company, Inc. (http://www.s3i.us) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems, Inc. (http://www.securesoftsystems.com) was acquired in April 2003 and is a leader in compliance and risk management software, services and Internet technologies for regulated industries. S3 Investments has also acquired 100% of Redwood Capital to participate in the fast-growing investment banking market in China. The Company anticipates acquiring additional companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
This release contains forward-looking statements which involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements are based on currently available information which management has assessed but which is dynamic and subject to rapid change due to risks and uncertainties that affect our business, including, but not limited to, the impact of competitive products and pricing, limited visibility into future product demand, regulatory interpretation, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.