Source: S3 Investment Company                 Date: 16 September, 2010

S3 Investment Company has announced that its wholly owned subsidiary Redwood Capital has opened an office in Ulaanbaatar, to be able to work more closely with clients who operate in the Mongolian market as well as explore additional emerging opportunities the country. Mongolia is estimated to need up to USD30 billion of investment to develop its natural resources.

Redwood Capital has attended Mongolia investment events and is also exploring additional opportunities in the country. "It has identified Mongolia as an important emerging global market, and the new office in Ulaanbaatar will allow the company to better assist existing clients and explore new opportunities with companies that operate in Mongolia," said S3 Investment Company Chairman and CEO Jim Bickel.  "Establishing a physical presence in this market is an important step for Redwood Capital, and we expect to update client activities in Mongolia in the near term."