21st Century Technologies Inc. Releases Consolidated Financials for Dec. 31, 1997 and 1996, and 1998 Sales Figures.

FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 12, 1998--21st Century Technologies Inc. (OTC BB:TEXN) Wednesday announced that the consolidated financial statements for Dec. 31, 1997 and 1996, were released in electronic format on its Web site.

"The release was delayed," stated Pat Wilson, chief executive officer, "because the audit needed to be independently reviewed before it could be released to the public. Most of our shareholders understood what it was like to go through a financial audit in preparation to becoming a reporting company with the Securities and Exchange Commission.

"Nonetheless, we have to be more punctual with financial disclosure, especially now that we are doing so well," stated Wilson. "We are just glad to have this behind us.

"The financials for 1997 and 1996 demonstrate the financial progress that we have made," stated Wilson. "We were able to manage the business of manufacturing PT Night Sights with the highest quality these past two years. After posting a lossof $525,621 in 1996, we knew we had to be more efficient, reduce manufacturing costs and to increase sales.

"At the end of 1997, we had a modest profit but, with write-downs for machinery depreciation of $118,470, the year ended with a loss of $36,405. We always felt that 1998 was going to be the year we turned the corner," continued Wilson.

"In fact, our sales through June 1998 show that our sales continue to grow to record levels. We look forward to finishing the year out with the company meeting or exceeding our previously announced projected sales goals.

"We will need to submit company financials through 2Q98 to the SEC in order to become a reporting company. We expect the filing to be complete in the next 45-60 days, along with the 1998 financials."

Wilson responded to shareholders' questions about the recent private placement and compensation due Ken Wilson (her husband) under a consulting agreement: "First, the private placement has put $800,000 of unrestricted working capital in the company with the shares subject to a one-year lock up before coming public.

"We felt that the company shouldn't go into debt to finance our plans for growth and the addition of a new product line. Our shareholders expect us to increase our market share of the tritium- based night-sight product line. With this new working capital we can put on a full-court press against the competition.

"In addition, we have the capital to complete modifications to the Gripper and Underwater Seal technologies. Again, these are sales- oriented strategies to bring in greater shareholder value. It takes capital to make these objectives come true.

"As to the second point, we plan on continuing Ken Wilson's consulting relationship with the company. Without Ken's sales savvy we wouldn't have been able to get the loyal customer base that we have assembled over the past four years. When things got tough, Ken delivered.

"When the company needed cash to grow, it just seemed natural for our family to loan it money. We could have gone to the banks, hocked our manufacturing equipment and factored our receivables but Ken believed in the company and so did I.

"We are all the better for his guidance and his willingness to take equity instead of cash. We are currently looking at bringing Ken into the company as a member of the board of directors. In addition, with Ken's compensation subject to a 5-year lock up with no shares to be issued until 1999, the company will benefit from his continued involvement through 2004.

"We all know how Monday morning quarterbacks like to recall the game," added Wilson. "In this case, Ken played long and hard for the company for over 4 years, during which time the share price was at or below 4 cents and his compensation was nothing more than a month-to- month promise.

"We are confident that shareholders understand the great job Ken has done for the company, and that continued profits depend upon his ongoing work. In fact, if it hadn't been for Ken we wouldn't have had the opportunity to add a new product line, becoming the exclusive distributor for the Griffon Pistol (which is styled after the famous Colt 45) and the Black Powder Guns, manufactured by Continental Weapons (Pty) Ltd. of South Africa.

"This product line will be a money maker from the first month since we have no costly manufacturing lines to build out. Since we enjoy a healthy profit margin, the company's sales revenues for 1998-1999 will substantially increase with the addition of this new product line.

"Interested parties can access the financial statements by visiting the company's Web site, www.texn.com, and/or copies may be requested by telefax to the company at 817/284-7528. As always, we try to read everyone's e-mail to us, both pro and con. As the company matures into a fully reporting company, shareholders and other interested parties will always have the opportunity to express themselves.

"We understand that pleasing everybody is not the way to run a company, at least not run it successfully. We are committed to maintaining our leadership role in the highly competitive tritium market as exemplified by the growing sales of the PT Night Sights.

"In addition, or Gripper and Underwater Seal technology should be coming on board with greater sales in 1998-1999. As for the new Griffon and Black Powder Gun lines, we again look forward to adding sales revenues.

"We are confident that the company has the financial strength to implement its marketing strategies, manufacture increasing numbers of night sights, and to add new product lines. We are also confident that our loyal shareholders will benefit from this in 1998-1999 on both an earnings-per-share basis and from increased share value," Wilson concluded.

Financial statements in this news release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about its future expectations, including future revenues and earnings, and all other forward-looking statements (i.e, future operational results and sales) involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results.

    CONTACT: 21st Century Technologies
              Pat Wilson, 800/334-3573
               or
              Princeton Research of Nevada Inc.
              John Dolkart, 702/251-7163