Compass Capital Group to fund up to $5 Million for 21st Century Technologies, Inc.; ``These funds will drive an aggressive acquisition campaign''.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 2, 2003 Arland D. Dunn, President and 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. 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 ) today announced that it has agreed to an investment banking deal with the Wall Street based investment firm of Compass Capital Group to a $5 million dollar financing commitment over the next 12 months. These funds will drive an aggressive acquisition campaign in which Compass Capital Group will play a key role as investment banker and advisor. Mr. Dunn stated: "Compass Capital has been and played an integral role as an advisor with regards to the Company's conversion to a Business Development Company ("BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller "), and will now follow that up with a 5 million dollar investment. Compass's investment commitment will begin immediately upon the completion of the conversion to a BDC. The Company expects the BDC conversion to be complete in the early September, 2003. The door to the capital we need is now open to 21st Century Technologies, Inc. With this capital commitment we believe we can achieve sales in excess of $30 million in our 2 main subsidiaries over the next 12 Months." The proceeds from the investment will be directed to our revenue driving subsidiaries: -- Trident Technologies, Inc., maker of ProMag and SeaPatch high technology magnetic leak and rupture sealing devices. -- Innovative Weaponry, Inc., maker of tritium-powered no-light and low-light open gun sights and Miniature Machine Corporation, maker of MMC See MultiMediaCard and Microsoft Management Console. precision-machined adjustable gun sights. 21st Century Technologies will soon be announcing a very detailed information update on Trident Technologies, Inc. and Innovative Weaponry, Inc. to bring investors up to date on these subsidiaries. About 21st Century Technologies, Inc. 21st Century's Trident Technologies Inc. manufactures two versions of its magnet-powered sealing devices: ProMag, designed for land-based applications, and SeaPatch, designed for marine applications. Tridents' powerful magnetic seal systems are becoming established in the marketplace. Among its users are some of the world's largest corporations, such as Exxon-Mobil (NYSE NYSE See: New York Stock Exchange :XOM), CSX (NYSE:CSX), Conoco (NYSE:COP), Dow Chemical (NYSE:DOW) and the Union Pacific Railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr. (NYSE:UNP). Innovative Weaponry's P-T Night Sights are well known throughout military and law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , including major police departments such as LAPD 1. LAPD - Link Access Procedure on the D channel. 2. LAPD - Los Angeles Police Department. . The MMC brand of precision adjustable gun sights manufactured by 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 are favorites of serious shooting enthusiasts and hobbyists. About Compass Capital Group: Compass Capital Group is a private investment firm specializing in the Small-cap and Micro-cap markets. Compass Capital acts as an investor and advisor to assist our clients in facilitating strategic alliances, mergers and acquisitions, and access to capital. More about Compass Capital Group can be found at www.compasscapitalgroup.com Safe Harbor 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 factors. |
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