21st Century Technologies, Inc. Files to Become a Business Development Company.

Business Editors/High-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--Aug. 28, 2003

Today the Board of Directors of 21st Century Technologies, Inc. unanimously ratified a vote to file Form N-54A with the Securities and Exchange Commission, notifying the Commission of the Company's desire to be regulated as a Business Development Company pursuant to the provisions of section 54(a) of the Investment Company Act of 1940 (the "Act"), to be subject to the provisions of sections 55 through 65 of the Act.

Mr. Arland Dunn, Chairman of the Board and CEO stated, "We have chosen to be governed by rules more closely designed to regulate the actual form in which 21st Century operates. If one considers the structure of 21st Century, that is a holding company owning subsidiaries which are operating companies, one can realize that 21st Century is, in fact, a business development company."

The Investment Company Act of 1940 was passed to encourage investing in developing businesses. The Act provides simpler access to public funds for the purpose of business development, with emphasis on regulation of expenditures, rather than regulation of fund-raising. Under the Act, the majority of publicly raised funds pursuant to the Act must be employed in developing businesses. The organization of 21st Century fits nicely with the kind of operation contemplated by the Act.

"Operating as a business development company should enhance investor confidence in our future," Mr. Dunn further stated. "Increased investor confidence will, in turn, open more capital markets to 21st Century. Funds so raised will be employed to grow our businesses and acquire additional enterprises that fit into our future plans."

As a Business Development Company, the sale of 21st Century stock will no longer be subject to cumbersome "penny stock" rules. Mr. Dunn stated that he expected the conversion to a Business Development Company to be accomplished by early September 2003.

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 factors.