21st Century Technologies, Inc. Reaffirms 2004 Anticipation of $26 Million in Revenues, Yielding $7 Million Earnings
November 05, 2003 2:22:00 PM ET
Today Arland D. Dunn, President and CEO of 21st Century Technologies, Inc. TFCT has reaffirmed the company's 2004 anticipated revenues yielding a net of $7 million ($0.02 EPS). Mr. Dunn stated, "2004 is going to bring our business plan into full swing. This will enable us to showcase our subsidiaries for possible dividend spinoffs later in the year. With the anticipated grant from the Department of Homeland Security and other multi-million dollar projects just around the corner, shareholder value will be increased. This is our commitment to those who are part of our Company."
21st Century is a Business Development Company under the Investment Act of 1940. It operates 3 wholly-owned subsidiaries and is planning for additional acquisitions. The three subsidiaries currently in operations are Trident Technologies, Inc., manufacturer of advanced permanent magnet power leak sealing systems known as ProMag and SeaPatch; Innovative Weaponry, Inc., maker of PT Night Sights, tritium-power low and no-light gun sights favored by law enforcement and military; and Miniature Machine Corporation, which manufactures MMC precision adjustable gun sights, enjoyed by hobbyists and sportsmen.
Safe Harbor Statement Under the Private Securities Litigation Reform Act 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.
Contact Information: Equitilink, Inc. Ron Garner, 877-788-1940
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