21st Century Technologies, Inc. Sells Fort Worth Manufacturing Facility.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--July 2, 2003 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 ) today announced that it has sold its building in Haltom City, Texas Haltom City is a city in Tarrant County, Texas, United States. The population was 39,018 at the 2000 census. Geography Haltom City is located at (32.816129, -97.271634)GR1. , which houses its manufacturing and distribution facility. The facility, which consists of a single-story building of approximately 40,000 square feet on East Haltom Road in Haltom City, Texas, with more than adequate parking and access, will continue to house manufacturing and shipping for 21st Century's wholly-owned subsidiaries, Trident Technologies, Inc., Innovative Weaponry, Inc. and the 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 . Arland D. Dunn, President and Chief Executive Officer, stated, "The sale of the building is good move for the Company. Not only were we able to utilize sale funds to retire substantial debt, including debt to the Chase Corporation (AMEX AMEX See: American Stock Exchange : CCE CCE Cornell Cooperative Extension CCE Corporate and Continuing Education CCE Coca-Cola Enterprises Inc. CCE Commission de Coopération Environnementale CCE Centre for Continuing Education CCE College of Continuing Education CCE Certified Computer Examiner - News) and Texas Mutual Insurance Company, but also we were able to negotiate favorable payoff terms. We also negotiated a very favorable lease-back of space in the building with the purchaser of the building. This deal is a win-win for everybody involved. The debt reduction will improve the Company's financial performance in the short and long run." 21st Century Technologies, Inc. is holding company which owns subsidiary manufacturing/sales companies; they are Trident Technologies, Inc., Innovative Weaponry, Inc. and the Miniature Machine Corporation. Trident manufactures the Sea Patch and ProMag high technology leak and rupture sealing devices which employ rare-earth permanent magnets. These devices are in service with some of the world's largest companies, such as Exxon-Mobil (NYSE NYSE See: New York Stock Exchange : XOM - News), CSX (NYSE: CSX - News), Conoco (NYSE: COP - News) the Union Pacific Railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr. (NYSE: SPI - News) and Dow Chemical (NYSE: DOW - News). In addition, Trident currently provides its patented permanent rare-earth magnets to the Naval Sea Systems Command's (NAVSEA NAVSEA Naval Sea Systems Command NAVSEA Naval Avionics Support Equipment Appraisal ) Emergency Ship Salvage Material (ESSM ESSM European Society for Sexual Medicine ESSM Evolved Sea Sparrow Missile ESSM Exercise Science and Sports Medicine ESSM Emergency Ship Salvage Material ESSM Enterprise SQL Server Manager (Sybase) ). The ESSM system is a mixture of bases and other facilities that provide ship salvage, pollution control and engineering equipment on an emergency basis. http://www.essmnavy.net Innovative Weaponry manufactures the outstanding line of low-light and no-light open gun sights under the trademark P-T NightSights. The sights, popular among law enforcement users, with military applications and hobbyist popularity as well, provide to the shooter an enhanced poor-light condition sight picture by employing illumination provided by tritium, a radioactive isotope of hydrogen. Miniature Machine Corporation manufactures a complete line of precision-machined fully adjustable gun sights, highly-respected and popular among serious hobbyists and sportsmen. Tritium technology is also available as an option for Miniature Machine Corporation sights. Additional information concerning 21st Century Technologies, Inc. and its subsidiaries may be found at http://www.tfctcorp.com. 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. |
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