21st Century Technologies Invests in MMC Entertainment Group; Technology Venture Becomes Newest Affiliate Portfolio Company.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 that the company has negotiated, structured and executed a deal to invest $500,000 in MMC See MultiMediaCard and Microsoft Management Console. Entertainment Group, Inc. The investment by 21st Century Technologies will purchase a 16.6% ownership stake in MMC Entertainment and give MMC Entertainment the needed capital to market its proprietary technology. MMC Entertainment is a Campbell, California-based company that has introduced a new portable medium (MMC Cards) for the playback of video and audio information on PDAs and selected cell phones. The Company's proprietary compression software has also made it possible to make MMC cards carry the data with security, protecting the intellectual property rights of the content owners. For a complete explanation of the company and its products, please go to http://www.mmcent.com. "We are very excited about this investment in MMC Entertainment Group. This company's potential for vast market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" with a proprietary technology is precisely the opportunity 21st Century seeks for our investors. This type of technology is expected to quickly move from novel to essential with the enormous growth and transformation forecast for the cellular phone and PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). markets. We believe that MMC Entertainment has the technology to fulfill what will become massive market demand. MMC Entertainment and other contemplated technology investments by 21st Century are the new focus for the increase and expansion of the TFCT family of portfolio companies," stated John Dumble, President/CEO of 21st Century Technologies, Inc. MMC Entertainment is in discussion with the major audio/video labels and independent artists for content. MMC is also negotiating with the top world games companies for transfer of content to its chips, and intends to work with the major PDA and phone manufacturers to market its products for video games and other audio/visual applications. 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. For more information, please go to http://www.tfctcorp.com. 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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