21st Century TEC (fka TFCY)

[XV19]

21st Century Technologies Completes Business Development Company Filings; ``Significant Benefits Will Be Felt by `BDC' Conversion''
September 03, 2003 07:31:00 AM ET



LAS VEGAS--(BUSINESS WIRE)--Sept. 3, 2003--21st Century Technologies, Inc.'s TFCT Arland Dunn, president and CEO, announced today that pursuant to the Aug. 15, 2003 unanimous vote of the board of directors, the company has completed the filings to become a Business Development Company ("BDC") in accordance with Securities and Exchange Commission rules and guidelines.

Arland Dunn stated, "We expect that our Shareholders will benefit swiftly and significantly from our BDC status. Brokerage firms and investment advisors may now offer the Company's common stock to Investors of all classes. This significant benefit enables a wider investor base to learn about the Company as a Section 54(A) Investment Company. The primary reason for our conversion to a BDC is the capital-raising process afforded to these companies. BDCs have the ability to raise capital in a more efficient, investor friendly manner. Compliance and regulations in a BDC stipulates that 70% of all new investment falls to the subsidiaries or acquisitions. This may lead to increased shareholder value through future rights offerings, dividends and spin-off transactions as the business grows."

Arland Dunn continued, "In conjunction with our investment bankers, Compass Capital Group, the Company will be executing an aggressive acquisition and integration strategy. With adequate working capital and top-notch management in our subsidiaries, we will continue to focus on the growth of our businesses."

Mr. Dunn further commented on the progress of a business relationship between 21st Century's Trident Technologies, Inc. and the US Department of Homeland Security. "The access to capital afforded to us by Compass Capital will greatly enhance our opportunity to move forward with our project to sell ProMags to our nation's fire fighting departments, through a potential multi-million dollar Federal Government grant and contract. We will be able to demonstrate to US Homeland Security the ability to perform and fulfill the proposed production and delivery schedules. This is pivotal to 21st Century and of major importance to the safety and welfare of our nation."

About 21st Century Technologies

21st Century's wholly-owned subsidiary, Innovative Weaponry, Inc., manufactures trademarked P-T Night Sights, tritium-enhanced low light and no light open gun sights, popular with law enforcement and suitable for military applications as well.

Another wholly-owned subsidiary, Miniature Machine Corporation, manufactures the precision-machined "MMC" adjustable gun sights, popular among serious hobbyists and enthusiasts.

Trident Technologies, Inc., a wholly-owned subsidiary, is the manufacturer of ProMag and SeaPatch, rare-earth permanent-magnet powered high technology leak and rupture sealing devices, suitable for land-based issues (ProMag) and marine applications (SeaPatch). These devices, which have been successfully deployed in numerous leak and rupture situations, including HAZMAT problems, represent another weapon in the war against terrorism and vandalism. Numerous major corporations have acquired ProMag/SeaPatch, such as ExxonMobil XOM, and Dow Chemical DOW. In addition, ProMags are being acquired by fire departments as part of their regular equipment roster. 21st Century is currently working with the Department of Homeland Security to obtain federal funding for the acquisition of ProMags by the countries over 31,000 fire departments.

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.

Contact Information:
21st Century Technologies, Inc.
Larry B. Bach, 702-248-1588
[e-mail]


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