March 23, 2000
3Si Holdings, Inc. (OTCBB: TSIH) a provider of Internet based customer support
solutions, has reached an agreement with Storage Area Networks, Inc., its
largest Creditor to convert approximately $2.2 million in debt to equity. This
agreement further allows 3Si and XXX to settle the lawsuit filed May 15, 1999 by
XXX as a result of this liability.
"This agreement will improve the financial stability of 3Si by converting an
outstanding debt into common stock," said Xxxxx Xxxxxx, President and CEO of
3Si, "The restructuring of this debt will open up new opportunities for 3Si by
increasing the possibility of future investments."
For more information on 3SI Holdings, Inc., XXXx.xxx please visit our web sites
at xxxx://xxx.0xx.xxx or xxxx://xxx.xxxx.xxx.
Forward-looking statements (statements which are not historical facts) in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties detailed in the
company's filing with the Securities and Exchange Commission.
