21st Century Technologies, Inc. Acquires $2.7 Million Profitable Business; Paramount MultiServices, Inc. Becomes a Member of the 21st Family.Business Editors LAS VEGAS--(BUSINESS WIRE)--Dec. 31, 2003 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. 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 the acquisition of Paramount MultiServices, Inc. a Texas-based marketing firm with offices in Duncanville, Corpus Christi Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). and Alliance, Nebraska. Mr. Dunn said, "Paramount comes to us with a substantial history of profitable operations. Paramount has engaged in marketing representation on behalf of major banking institutions, publishers, transportation companies and manufacturers. 21st will be able to integrate the services offered by Paramount with other ventures in our future which will enable Paramount to grow as part of our family. We expect that Paramount's present $2.8 million annual revenues will grow with 21st Century. Paramount adds marketing experience, skills and know-how to 21st Century." Paramount's gross revenues for 2003 are approximately $2.8 million, with about $850,000 occurring the fourth quarter. Expected revenues for 2004 based on present contracts are projected to be $4.2 million with a commensurate increase in profit. Mr. Dunn also stated that the acquisition involved the exchange of stock and cash. 21st now owns 100% of Paramount. Present management of Paramount will be retained to continue to contribute to that enterprise's success. 21st Century Technologies is a business development company. In addition to Paramount, 21st is the owner of Trident Technologies, Inc., which manufactures SeaPatch and ProMag magnetic leak-sealing systems used by fire departments, railroads, oil companies, shippers and emergency response teams; and, Innovative Weaponry, Inc. plus Miniature Machine Corporation Miniature Machine Corporation (MMC) is a Nevada based corporation specializing in the design and manufacture of tactical weapons and weapon accessories. Founded in 1959, the company is best known for their line of adjustable tactical sights used by military and law enforcement , manufacturers of low light, no light and precision adjustable gunsights employed by law enforcement, military and serious enthusiasts. 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 Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. |
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