21st Century Technologies Announces TransOne Agreement with Virtual Automated Technologies Inc. for European Launch of Global Marketing Initiative.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- 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 a distribution agreement between its affiliate investment company, TransOne, Inc., a provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services and products specializing in the Pre-Paid Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. industry, and Virtual Automated Technologies Inc. with an initial product launch into the Europe market. The initial 300,000-card commitment is for a first-of-its-kind, instant issue, electronic stored-value card that can be issued in either US Dollars or Euro-based currency programs. Virtual Automated Technologies, a global solutions leader in prepaid debit cards and custom stored-value products, has set up a large network of retail loading solutions throughout the European and Pacific rim marketplaces that makes loading to the card platform easy and streamlined for its client base. This program is unique in that it couples the instant issue feature of a PIN debit card, with purchasing features that allow the card to be used for online purchases, hotels and car rentals. The card is issued to the user and then registered online to the cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold . No name appears on the card as in a traditional signature based card product. The card is also indent To align text some number of spaces to the right of the left margin. See hanging paragraph. printed with the card number instead of the traditional embossed em·boss tr.v. em·bossed, em·boss·ing, em·boss·es 1. To mold or carve in relief: emboss a design on a coin. 2. or raised numbers. A cardholder can either receive a US Dollar or Euro-based card and can then load funds of the same currency to the card, eliminating the FX fees for a currency conversion to a foreign currency. Currency conversion and the associated fees has been a big issue for stored-value cards in the past, especially in the payroll arena. Michael Lightbourne, Vice President of Sales for VAT, stated, "We are very excited about our new partnership and this new electronic stored-value program. Our initial product offer yielded over 300,000 initial card orders. We see a large demand in the global arena for payroll, retail and money transfer, and payment applications. We see a potential global market place of well over 3 million cards." "TransOne is a technology leader in prepaid financial transaction processing, and we are pleased to bring our flexible and secure platform to the Virtual Automated Card program," said Michael Garone, President of TransOne. "We believe the VAT program will be a great success." About TransOne, Inc. TransOne is a global solutions leader in turnkey host-based prepaid cards and custom stored-value products. These products serve a wide range of vertical markets in both consumer and commercial applications and are made available to end users through banks and commercial clients in the U.S. and internationally. TransOne has developed a secure technology and services platform that enables it to provide flexible product solutions that are configured and managed for its clients' success. 21st Century Technologies is a Business Development Company, operated pursuant to the Investment Companies Act of 1940. It holds various enterprises as investments and seeks to grow companies in which it has an interest. 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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