21st Century Technologies, Inc., is Ahead of Schedule - Goals Are Being Met Early.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 18, 2003 Arland 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. of 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 ), announced today that the initial round of funding from the company's investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. , Compass Capital of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , will be completed well ahead of schedule. "This is a direct result of our conversion to a Business Development Company being accomplished on a tight schedule with no problems. We attained 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 status in the minimum statutory and regulatory time . Our initial Regulation E filings were accomplished in the same way. Encouraged by the professionalism displayed, our investment bankers are able to provide funding ahead of schedule. This is important to our present activities in seeking federal funding for our magnetic leak sealing devices, ProMag and SeaPatch, so that our nation's firefighters can equip their trucks with these necessary protections against potential terrorist sabotage and environmental damage." The Company is seeking federal grants from the 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 for a five-year program which would provide approximately $180 million per year to our nation's 31,000 plus fire departments for the acquisition of ProMags, and in some instances, SeaPatches. Mr. Dunn stated, "We feel that we are making good progress in our efforts to accomplish this goal. ProMag and its marine brother, SeaPatch, are unique devices, unlike anything else in the market place. The firefighters want them. Adequate funding is the missing ingredient which we are working hard to supply. This funding will help us make our case and demonstrate our ability to meet the upcoming demand. Good for the Company and good for the firefighters and good for the nation." 21st Century's wholly-owned subsidiary, Trident Technologies, Inc., is the manufacturer of ProMag and SeaPatch, leak and rupture sealing devices powered by high-technology rare-earth permanent magnets permanent magnets, n.pl magnets containing the mineral boron and the rare earth metal neodymium; often combined to create a neoprene or ceramic entity. . Easy to apply and already in use by private industry, particularly among railroads and oil companies, the ability of ProMag and SeaPatch to seal HAZMAT leaks and ruptures is remarkable. 21st Century holds patents protecting the technology. Safe Harbor 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 risks and uncertainties, many of which are beyond 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 risks. |
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