21st Century Technologies Inc.'s Trident Technologies Inc. Subsidiary Receives $1 Million Contract for its ProMag 6 Kits, Quick Patches and Pipeline Patches.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. ("21st Century" or the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TFCY) today announced that on May 12, 2005, Trident Technologies Inc. ("Trident"), a wholly owned portfolio company of 21st Century, entered into a contract for $1 million with the U.S. Army Space & Missile Defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged Command for the manufacture and delivery of 100 of Trident's ProMag 6 Kits, 50 Quick Patches and 50 Pipeline Patches. Trident anticipates that it will fulfill the contract within six to eight weeks. The Company previously issued a press release on Aug. 19, 2004, announcing the $1 million in funding received by the U.S. Department of Defense for the purchase of patch devices from Trident. The contract referred to in the above paragraph is the fulfillment of that funding. Trident, located in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , is in the business of research, development, testing and manufacturing of containment devices for leaks, including ProMag (for land-based applications) and SeaPatch (for marine uses). Trident aims to produce containment devices with versatility and leak-stopping power. 21st Century is a business development company operated pursuant to the Investment Company Act of 1940. It holds various enterprises as investments and seeks to grow companies in which it has an interest. The Company's current investment portfolio includes Jane Butel Corp. (OTCBB: JBTL), prizeWise Inc., TransOne Inc., Innovative Weaponry Inc., Trident Technologies Inc., DLC (1) (Data Link Control) See data link and OSI. (2) (Data Link Control) The data link layer protocol (layer 2) that is used in IBM's SNA networking. See SNA, data link protocol and Microsoft DLC. General Contracting Inc. and Mo-DV Inc. (formerly MMC See MultiMediaCard and Microsoft Management Console. Entertainment Group Inc.). The Company's investment ownership in these enterprises ranges from approximately 9% to 100%. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of 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, which are intended to qualify for the 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. from liability provided thereunder. All statements which are not historical statements of fact are "forward-looking statements" for purposes of these provisions and are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company may experience significant fluctuations in operating results due to the impact of a number of uncertainties including, but not limited to, economic conditions, competitive products or pricing, technological changes and other factors. These uncertainties could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information concerning potential risk factors that could affect the Company's future performance are described from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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