21st Century Technologies to show approximate increase of $1.5 million in cash and $1.2 million Assets for 3rd quarter.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Oct. 30, 2003 Alvin Dahl, 21st Century Technologies, Inc.'s (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TFCT TFCT Thorium Fuel Cycle Technology TFCT Task Force on Combating Terrorism TFCT Transverse Folded Cabinet Technology ) Chief Financial Officer, has reported that 21st Century Technologies, 3rd quarter 10Q, due to be filed with the Securities and Exchange Commission on or before November 15th, 2003, will report an increase of approximately $1,500,000 in cash on hand and stock subscription receivables and an increase in assets of from approximately $1,500,000 at the end of the second quarter of 2003 to $2,700,000 at the end of the third quarter of 2003. The third quarter 10Q covers the Company's performance for the period July 1, 2003 to September 30, 2003. "This is the type of news that will attract a lot of investment opportunities to our company." said Arland D. Dunn. "The availability of these funds to pursue our goal of obtaining funding for providing ProMags and SeaPatches to the nation's fire departments through the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States Grant makes our task much easier and raises our expectations of success even higher. These funds and the additional $3 million in capital,which we expect in the near future will enable us to pursue acquisitions and provide capital to our subsidiaries for sustainable growth. Our shareholders should be extremely happy with our 3rd quarter performance and can expect an increase in these numbers for the 4th quarter. Our future has never looked brighter." ProMags /SeaPatches, manufactured by 21st Century's wholly-owned subsidiary Trident Technologies, Inc., are rare-earth permanent magnet powered leak and rupture sealing devices, designed for quick and easy application for the purpose patching leaks from storage vessels, pipelines, railroad tank cars and the like. They have particular application in stopping HAZMAT spills, even in difficult situations. Many ProMags are in service with nation's railroads, such as Union Pacific (NYSE NYSE See: New York Stock Exchange :UPN UPN User Principal Name (Microsoft Windows 2000) UPN United Paramount Network UPN Unión del Pueblo Navarro (Navarrese People Union) UPN Umgekehrte Polnische Notation ) and CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad (NYSE:CSX) and other heavy industry users, such as ExxonMobil (NYSE:XOM XOM Exxon Mobil Corporation (stock symbol) XOM X/Open Object Management XOM OSI-Abstract-Data Manipulation API XOM Xml Object Model XOM X/Open Osi Abstract Data Manipulation ) and Dow Chemical (NYSE:DOW). 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 The statements made by 21st Century Technologies Inc. (the "Company") may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from those projected due to risks such as changes in interest rates, market competition, our ability to generate orders and various other business risks. |
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