21st Century Technologies Inc. Increasing Business in Two Divisions.FORT WORTH, Texas--(BUSINESS WIRE)--May 13, 1998--21st Century Technologies Inc. (OTC/BB:TEXN) is nearing completion of the audit of its 1997 and preceding years' financial statements. On an unaudited basis, 1997 ended profitably and the first four months of 1998 have continued this trend. Night sight orders have increased geometrically and to fill the orders the company is adding another production shift and ordering more of the special machines, the CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication Fadal VMC-15 Vertical Machining Centers. The machined sites are far more popular than those cast. Most of the expansion has been made possible from cash flow. Specialists in the radioactive Tritium tritium (trĭt`ēəm), radioactive isotope of hydrogen with mass number 3. The tritium nucleus, called a triton, contains one proton and two neutrons. It has a half-life of 12.5 years and decays by beta-particle emission. have been called in to train new employees who have to be qualified and be satisfactorily tested before they can begin employment. 21st Century has a proprietary method for handling Tritium, which is unique to the product. Law-enforcement officers in the field have raved about special aspects of the product and have freely provided endorsements, available upon request. A surge of new orders has inundated in·un·date tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates 1. To cover with water, especially floodwaters. 2. the factory. Some customers seeking the product line are renewals; others are new additions. Satisfied customers include: the Texas Highway Patrol highway patrol n. A state law enforcement organization whose police officers patrol the public highways. , Skaggs, Griffin, the Oklahoma, New Mexico and Florida Highway Patrols, Heckler heck·le tr.v. heck·led, heck·ling, heck·les 1. To try to embarrass and annoy (someone speaking or performing in public) by questions, gibes, or objections; badger. 2. To comb (flax or hemp) with a hatchel. & Koch, Kimber, the Dallas Police Department The Dallas Police Department, established in 1881, is the principal law enforcement agency serving Dallas, Texas. The department is responsible for law enforcement and investigations within the city. , L.A. Sheriff's Department, Keltec and Continental Weapons. The Night Sight business is a billion-dollar industry, predominantly used by law-enforcement officials. In addition, the Army uses them on M-16s, AK 47s and shotguns. PT Nightsites, a division of 21st Century, is on a mission to increase its share of the business both domestically and worldwide. At the Shot-Show, a convention in Las Vegas, they were inundated with new orders. According to the Association of Federally Licensed Firearm Dealers, there will be more than 7 million guns sold in 1998. 80 percent will be using night sights. That alone totals $672 million. 21st Century Technology expects to obtain a large piece of that business. Trident Division In addition, the Australian Army just ordered six sets of magnetic "Grippers" from the Trident division. This is a very profitable, highly proprietary product, the only one of its kind. Grippers are worn on hands and feet to enable the user to climb any vertical or traverse any steel structure. The gripper is a lightweight magnetic device that attaches to any ferromagnetic Refers to a material, such as iron and nickel, that can be easily magnetized. See MRAM. material -- iron, steel, or their alloys. The gripper sells for $4,750/pair and complies with safety standards designed by OSHA OSHA n. Occupational Safety and Health Administration, a branch of the US Department of Labor responsible for establishing and enforcing safety and health standards in the workplace. . -0- This report contains forward-looking information that involves risks and uncertainties, including statements about TEXN's plans, objectives, expectations and intentions. Such statements include without limitation, discussions concerning the ability to accelerate developments of certain products. Investors are cautioned that such forward-looking statements involve risks and uncertainties. CONTACT: Princeton Research Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. Department, 702/251-7163 888/782-TEXAN |
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