21st Century Will Report First Quarter Profit; Second Profitable Quarter In Succession.Business Editors LAS VEGAS--(BUSINESS WIRE)--April 29, 2004 Alvin L. Dahl, the Chief Financial Officer of 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 ) has reported to management that the Company will report a net profit from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $877,090.00 for the First Quarter of 2004. "This will be our second straight profitable quarter," stated Mr. Dahl. "It fulfills earlier predictions of profitable operations becoming the rule rather than the exception at 21st Century. Continuing profitable performance by the Company will reflect itself in increased shareholder value. Shareholders can look forward to profitable operations in the future, as the Company continues to execute its operations business plan as a Business Development Company." Kevin Romney, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated that he is very pleased by the Company's first quarter results. "We shall continue along the path that has been planned. Look for future expansion further broadening of our business base." 21st Century, a Business Development Company pursuant to the provisions of the Investment Company Act of 1940, has several companies in its portfolio, including Trident Technologies, Inc., Innovative Weaponry, Inc., Paramount Multiservices, Inc., and PrizeWise, Inc. Other acquisitions are being actively pursued. 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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