, the company's previous name.

About the Company

S3 Investment Company Inc. undertakes no obligation to
update any such statements to reflect actual events.

practices young

com /cgi-bin/prnh/20010709/CCLOGO )

securities financial

(NYSE: CC) is a leading specialty retailer of
consumer electronics.

against critical

----S3 Investment
Company (OTCBB:SEIH) today announced that at the direction of its
board of directors, the company has drafted and intends to file a
lawsuit against Wayne Yamamoto, former chief executive officer and
member of the board of S3I Holdings Inc.com), was acquired in April 2003 .

critical vs

com) is a
Business Development Company regulated by the Investment Company Act
of 1940.

what critical

The Nominating and Governance Committee shall recommend to the
Board the action to be taken with respect to such resignation.S. markets.

financial runs

thesourcecc.
Readers are cautioned not to place undue reliance on forward -looking
statements. S3 Investment Company Inc.

securities practices

S3 Investment Company to File Lawsuit Against Former CEO

It is the company's position that Yamamoto breached his fiduciary
duty to the corporation during his management tenure by his actions,
or lack there of, regarding the $292,159 default judgment by
Professional Traders Fund LLC.
(http://www.

runs 1998

"
The full text of the company's corporate governance guidelines, including
this provision, may be found in the "Board of Directors Practices and
Policies" in the corporate governance section of the investor website at
http://investor.com . The company expects to file the
complaint by the end of business today.

former exchange

(Logo: http: //www.

views critical

newscom.

commission so

The text
of the provision is as follows:
"Any Director nominee in an uncontested election for whom greater than 50%
of the outstanding shares are 'withheld' from his or her election shall tender
his or her resignation for consideration by the Nominating and Governance
Committee .

1998 vs

"Adoption of this policy demonstrates our continued commitment and
accountability to shareholders.

views 1998

lawsuit buster

"Circuit City is committed to good corporate governance," said W. (http://www .

critical opposing

The domestic segment operates 617 Superstores and five
mall-based stores in 158 U.

so runs

circuitcity .ca.

Any statements contained herein related to future events are
forward-looking statements and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.

1998 so

securities buster

opposing commission

Circuit City Stores Inc. Adopts Majority Vote Standard for Director Elections

circuitcity . The international segment operates
through more than 960 retail stores and dealer outlets in Canada . Circuit
City also operates Web sites at http://www. Its first operating subsidiary, Securesoft Systems Inc. S3 is
currently seeking to acquire additional synergistic companies and is
focused on assembling a portfolio of investments that will provide
value to its shareholders.

primerica executive

s3investments .securesoftsystems.

1998 practices

Alan
McCollough, chairman and chief executive officer of Circuit City Stores, Inc.com and at
http://www.

Sites critical of Primerica Financial Services.

what pfs

S3
Investments has subsequently acquired 100 percent of Redwood Capital
to participate in the fast-growing investment banking market in China
and 51 percent of SINO UJE, a non-stocking distributor of medical and
industrial high -tech products to markets throughout China.

runs explains

RICHMOND, Va., Circuit City Stores, Inc.
Circuit City Stores, Inc.

Business Editors

TEMECULA, Calif.

views lawsuit

today announced that the board of directors has amended the company's
corporate governance guidelines to include a provision that any director who
receives a "withhold" vote from a majority of the company's outstanding shares
at an uncontested election of directors will be required to submit his or her
resignation to the Nominating and Governance Committee of the board."

About Circuit City Stores, Inc.