21st Century To Report Record 4th Quarter Operating Profit.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 22, 2004 Alvin L. Dahl, Chief Financial Officer (CFO See Chief Financial Officer. ) of 21st Century Technologies, Inc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB TFCT TFCT Thorium Fuel Cycle Technology TFCT Task Force on Combating Terrorism TFCT Transverse Folded Cabinet Technology .OB-News) has reported to the company a 4th Quarter operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $1,776,585. "This is an all-time record for 21st," said Mr. Dahl. "It tells me that management has completed a difficult turn-around process. Continued growth and solid profitability should now become the norm for the company. I regard the company's performance as remarkable." Complete details will be contained in the company's forthcoming 10-K to be filed with the Securities and Exchange Commission on or before March 30, 2004. 21st Century Technologies is a Business Development Company pursuant to the Investment Company Act of 1940. Several wholly-owned subsidiaries comprise the operating companies of 21st Century. They include Trident Technologies, Inc., which manufactures high-technology magnet-powered patching and sealing systems, Innovative Weaponry, Inc., maker of low light and no light tritium-powered gun sights, the Miniature Machine Corporation Miniature Machine Corporation (MMC) is a Nevada based corporation specializing in the design and manufacture of tactical weapons and weapon accessories. Founded in 1959, the company is best known for their line of adjustable tactical sights used by military and law enforcement , manufacture of precision adjustable gun sights, Paramount Multiservices, Inc., a telemarketing firm and PrizeWise, Inc., a web-based marketing system which is being readied for a near future launch. Several other acquisitions are currently being studied. Safe Harbor 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion