TFCT
21st Century Technologies Announces Senate Approved Funding for Homeland Security Department
Thursday September 16, 2:35 pm ET
LAS VEGAS--(BUSINESS WIRE)--Sept. 16, 2004--21st Century Technologies, Inc. (OTCBB: TFCT.OB - News) announced today that the Senate approved legislation funding the Homeland Security Department with about $36 billion for spending in FY05.
One of 21st Century's portfolio investment companies, Trident Technologies, Inc., is a candidate to receive a portion of the funds as the bill included an amendment adding $100 million in additional funds for fire departments, one of Trident's primary markets.
"We're pleased that the senate made the homeland security allocation," said Kevin Romney, president of 21st Century. "We're also confident that our progress with the Department of Defense will help us secure more funds from this new bill," he continued.
The Senate approved the legislation on September 14 and now must reach a compromise with the House, which approved its own version of the bill in June.
21st Century, Trident, and their partners are working diligently to secure a portion of the newly approved funding.
Trident Technologies manufactures and distributes SeaPatch and ProMag magnetic-powered leak and rupture sealing devices, designed for application on ferrous hulls of ships, railroad tank cars, storage tanks, pipelines or other containers.
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 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:
21st Century Technologies, Inc.
Troy Lovick, 702-248-1588
--------------------------------------------------------------------------------
Source: 21st Century Technologies, Inc.
News 
Market Data 
Discover 
