21st Century's Subsidiary Trident Technologies, Inc., Projects a Brilliant Future.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 4, 2003 "Projects Sales in 2004 of Approximately $25 million" 21st Century Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TFCT TFCT Thorium Fuel Cycle Technology TFCT Task Force on Combating Terrorism TFCT Transverse Folded Cabinet Technology ) Arland D. Dunn, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , is issuing the following information statement and 2004 Pro Forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma projections regarding the Company's subsidiary; Trident Technologies, Inc. Trident Technologies, Inc., manufactures and sells a high-technology leak and rupture sealing system designed around the deployment of extremely powerful rare-earth magnets which are used to hold the sealing patch in place. The Company's solution - ProMag - is easily applied, even under the most adverse circumstances to hazardous materials, or HAZMAT, leaks or ruptures. ProMag, and its marine variation, SeaPatch, represent the first line of defense against terrorist activity, vandalism and accidental damage to our nation's storage infrastructure of pipeline, gas and liquid distribution systems. The following Pro Forma, prepared by the Company under US GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). standards, are based on the projection that the Company will successfully obtain Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States Federal funding in the gross amount of approximately $34 million, and that the Company achieves effectivity of its recent Business Development Company ("BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller ") filing with the Securities and Exchange Commission and, furthermore, that the Company succeeds in achieving a minimum of $2 million in sales per month over the 12-month period commencing on January, 2004.
The following is Trident Technologies, Inc 2004 Pro Forma Statement:
Trident Technologies, Inc. - 2004 Pro Forma Statement
Total
Revenue: $25,603,821.28
Cost of Goods Sold: 7,698,276.38
Gross Profit $17,905,544.90
Less G & A Expense:
Sales & Marketing Costs 3,888,573.19
Other G & A Expenses 3,150,000.00
$ 7,038,573.19
Net Profit $10,866,971.70
Selected financial data - source 21st Century Technologies, Inc.
Arland Dunn, President and CEO of Trident's parent, 21st Century Technologies, Inc., commented on the progress between Trident Technologies and the US Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States : "The corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. adopted by our BDC status and the financial stability afforded to the Company by Compass Capital, followed by the effectiveness of our BDC status strengthens our value proposition enormously and drastically improves the Company's 'means testing' and ability to partner with the US Department of Homeland Security, and other US agencies. The Company is working at the Federal level to ensure that the 31,000 domestic fire departments are equipped with ProMag. At the same time, 21st Century Technologies, Inc., has been aggressively pursuing sales in the international sectors. Railroad companies, such as Union Pacific, have proven to be some of our best customers. Additionally, companies which provide hazardous material handling and transportation as well as environmental cleaning such as HEPACO, Petroclean and U. S. Environmental are major customers. International chemical companies such as Bayer, Cabot, PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Nitrogen and Dow are ProMag and SeaPatch customers. Oil companies, such as Mobil-Exxon and Conoco have recently acquired ProMags, recognizing the valuable solution presented by our products. This is an exciting time for our company, as we continue to find new uses for our ProMag/SeaPatch applications." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The statements made by 21st Century Technologies, Inc. (the Company), may be forward-looking in nature and are made pursuant to the Safe Harbor Provisions of the Private Securities Reform Act of 1995. Forward-looking statements are based on assumptions and involve a number of risk and uncertainties, many of which are behind the control of the Company. Actual results could differ materially from those projected due to risks such as changes in interest rates, market competition, our ability to generate orders and various other business factors. |
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