Investments

S3I Holdings Inc. Partners with Managed Security Services Industry Leader LURHQ

TEMECULA, Calif.--(BUSINESS WIRE)--July 22, 2004--S3I Holdings Inc. (OTCBB:SEIH) today announced that Securesoft Systems (SSI), the company's subsidiary, and LURHQ, a leading provider of Managed Security Services, have entered into a Channel Partner Agreement. Under terms of the agreement, SSI is authorized to offer products and services from LURHQ to its customers.
Companies concerned about ongoing security and threat management solutions typically require managed solutions, such as those offered by LURHQ. This will enable companies to comply with the security portion of regulations including HIPAA, Gramm-Leach-Bliley, and Sarbanes-Oxley.

"We are extremely pleased to announce the partnership with LUHRQ as Securesoft Systems moves forward with ongoing product development, and we anticipate additional sales of compliance software products to medical facilities and other entities subject to compliance mandates," commented Wayne Yamamoto, CEO of S3I Holdings Inc.

LURHQ's integrated suite of Managed Security Services delivers enhanced security and increased return on security investments by providing essential security expertise, monitoring and management 24 hours a day. The market for Managed Security Services is rapidly growing. According to the Gartner Group, Managed Security Services (MSS) are expected to grow at a 20% compound annual growth rate, reaching over $1.5 billion in 2006. This remarkable rate of growth makes MSS "the" fastest growing segment of security services through the 2006 forecast period.

Company Profile

S3I Holdings 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. S3I Holdings is currently seeking to acquire additional synergistic 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.

Contacts


S3I Holdings Inc.
Andrew Beyer, 909-587-8072 (Investor Relations)
investors@s3i.us

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