21st Century Technologies' Surplus Equipment Auction Meets Expectations.

Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--July 29, 2002

(OTCBB:TEXN). An auction of surplus manufacturing equipment consisting of a variety of CNC machines, conventional mills, lathes and miscellaneous metal working equipment was conducted by 21st Century Technologies, Inc. July 23, 2002. Results of the auction were in line with expectations with the company netting about $75,000 after expenses.

According to Arland Dunn, CEO and President of 21st Century Technologies, Inc., "Our overall strategy is to improve efficiencies of the Company. A large part of this strategy is to have the lowest possible fixed overhead. One of the most effective ways to achieve this is to utilize more outsourced material."

Dunn further added, "Our Company can better utilize the capital that was held in excess machinery in other aspects of the business such as marketing and the acquisition of outsourced materials for the SeaPatch and ProMag product lines. The Company continues to shop other assets, both tangible and intangible items, which require longer marketing time or specialized buyers. Our Company has made progress over the last few months and feel our current plan holds the best possibilities for shareholder return."

All statements other than statements of historical fact included in this report are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statement (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.