21st Century to Commit up to $950,000 for prizeWise Growth and Promotion.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.'s (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) portfolio investment company, prizeWise, Inc. announced today an additional financing commitment from TFCT of up to $950,000. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent letter of intent, TFCT will invest up to $950,000 in prizeWise to support its future growth and marketing. The investment in prizeWise would bring TFCT's ownership from 51% to 70% on a fully vested, non-diluted basis. "Needless to say, this investment in prizeWise shows our support and belief in the business model and its future success," said Kevin Romney, president of TFCT. "PrizeWise has been growing strongly, and this allocation will give prizeWise the necessary funds to gain additional exposure and brand recognition. We are excited and enthusiastic about the next stages and the future of prizeWise," Romney continued. PrizeWise has recently made many successful advances, including server upgrades, new coupon features, an affiliate marketing program, and additional programming features that enhance system usability. Steve Rinehart, president of prizeWise, said the agreement will help prizeWise proceed in the right direction. "We are confident that the additional funding from TFCT will add significantly to the legitimacy of our online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. platform and our continued growth," he added. Rinehart also announced that the Web site's 1,000th prize was won this week, after about 100 days of operation. 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. 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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