21st Century Holding Company Raises 1st Quarter Profit Estimates.

Business Editors

PLANTATION, Fla.--(BUSINESS WIRE)--April 5, 2002

21st Century Holding Company (Nasdaq:TCHC), a vertically integrated financial services holding company, announced today that it is raising its 1st quarter profit estimates.

President & CEO of 21st Century, Edward J. Lawson, announced that he is raising the guidance for the 1st fiscal quarter ending March 31, 2002 from $.25 per share to $.28 per share which will be reported at the end of April, and for calendar year 2002, Mr. Lawson is raising his guidance from $1.00 to $1.05 per share to $1.10 to $1.15 per share. Guidance for calendar year 2003 remains the same at $1.50 per share.

Mr. Lawson said "I am making these changes to my guidance due to the continued and accelerating strength in top and bottom line growth in just about every part of our company. We're very pleased with the revenue and profit growth we're experiencing and believe it will continue to accelerate as time goes on."

21st Century Holding Company manages its insurance underwriting, distribution and claims process through its subsidiaries.

-- The Company's wholly owned subsidiaries, Federated

National Insurance Company and American Vehicle Insurance

Company, underwrite standard and non-standard personal

automobile insurance in the state of Florida. Federated

National also has authority to underwrite flood insurance,

mobile home insurance, and homeowners property and

casualty insurance in the state of Florida.

-- The Company's wholly owned managing general agent, Assurance Managing
General Agents, Inc., has underwriting authority for Federated National,
American Vehicle, and third-party insurance companies.

-- The Company's wholly owned claims adjusting company, Superior Adjusting,
Inc., processes claims made by the insureds of Federated National, American
Vehicle, and third party insurance companies which contract with Superior.

-- Federated Premium Finance, Inc., another wholly owned subsidiary, offers
premium financing to insureds of Federated National and American Vehicle, as
well as to third party insureds.

-- Express Tax Service, Inc., an 80% owned subsidiary, licenses its brand name
and its software to retail tax preparers and over the Internet.

-- The Company offers other ancillary services including electronic income tax
filing, tax preparation and tag & title transfer services through Federated
Agency Group, Inc., also a wholly owned subsidiary.

-- Fed USA, Inc., a wholly owned franchiser company, offers single and master
franchise opportunities to individuals to own and operate their own business
with the support of two brands, Fed USA Insurance and Financial Services and
Express Tax.

21st Century Holding Company (the "Company") cautions readers that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this release or which are otherwise made by or on behalf of the Company. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Factors which may affect the Company's results include, but are not limited to, risks related to the nature of the Company's business; the limit on the Company's ability to expand due to a consent order entered into with the Florida Department of Insurance; reinsurance; dependence on investment income; the adequacy of its liability for losses and LAE regulation; insurance agents; claims experience; limited experience in the insurance industry; competition; ratings by industry services; catastrophe losses; reliance on key personnel and other risks discussed elsewhere in this Report and in the Company's other filings with the Securities and Exchange Commission the ("Commission").