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21st Century Announces $100K in New Sales of Night Sights.


Business Editors/High-Tech Writers

(OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:TEXN) Arland D. Dunn, President and Chief Executive Officer of 21st Century Technologies, Inc., today announced that 21st Century's wholly owned subsidiaries Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, IWI iwi
Noun

NZ a Maori tribe [Maori]
 and MMC See MultiMediaCard and Microsoft Management Console. , have accomplished $100,000.00 in new sales of its PT Night Sights PT Night Sights are a registered brand of tritium filled fixed tactical sights for application on semi-auto pistols, revolvers, rifles, and shotguns. The brand was launched in 1986 by fledgling New Mexico based Innovative Weaponry, Inc.  and their MMC counterparts, including substantial sales to major manufacturers.

At least $69,000.00 of those sales are scheduled for delivery within 30 days. "Delivering a fine product at a fair price, when combined with marketing savvy and expertise will produce sales like the ones announced here today," said Dunn. "I would like to point out that although some the sales represented here are, in fact, to major customers, there are several sales to smaller customers, including some at the retail level. I am encouraged by the expansion of the active customer base. Relying on but a few big customers is a dangerous practice."

Dunn advised further that typically, the summer months represent the slow season for law enforcement and sporting goods Noun 1. sporting goods - sports equipment sold as a commodity
commodity, trade good, good - articles of commerce

sports equipment - equipment needed to participate in a particular sport
 sales. However, original equipment manufacturers, such as gun manufacturers use the summer months to build inventory for heavy fall demand. Doing business with major manufacturers during the summer months smooths out the typical business cycle for IWI and MMC.

Dunn further observed that he did not regard the sales figure as just a one-time event. He believes it to be a harbinger har·bin·ger  
n.
One that indicates or foreshadows what is to come; a forerunner.

tr.v. har·bin·gered, har·bin·ger·ing, har·bin·gers
To signal the approach of; presage.
 of things to come, including far deeper penetration of the existing market for the tritium-powered night sight business by 21st Century's IWI and MMC.

All statements other than statements of historical fact included in this report are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 9, 2002
Words:334
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