21st Century Technologies Announces prizeWise Agreement with ADV Planet with Goal of an Additional $100 Million in Annual Sales
Tuesday October 19, 11:18 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 19, 2004--21st Century Technologies, Inc. (OTCBB:TFCT - News) today announced that its portfolio investment company, prizeWise, Inc. has signed a Letter of Intent with ADV Planet, a British company that is affiliated with over 25,000 major European businesses, with the goal of featuring an array of high-end products on the prizeWise website and reaching up to $100 million in new product and annual sales.
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ADV Planet is expected to play a major role in facilitating prizeWise's entry into the Italian and British markets, as well as throughout the European Union. To this end, ADV Planet plans to gather world renowned and recognized companies that are willing to insert their products into the prizeWise online platform, www.prizewise.com, including such items as travel packages, boats, clothes and appliances.
This agreement is a first step of solidifying the arrangement with Italian real estate tycoon and businessman, Mr. Matteo Corsini. Through Mr. Corsini's long list of contacts and affiliated company clients, the ADV Planet partnership can be a very successful venture. Adding product and the direct traffic through these affiliated relationships and strong ties is expected to trigger a huge increase in completed sweepstakes. According to the agreement, free advertising in the Italian online newspaper Corsera is also expected to add a vast new user base and start worldwide exposure for prizeWise.
Mr. Corsini commented, "Even as a real estate businessman, our company believes that the future of any new business is running through the Internet, and that all new business models that attract interest and penetrate the markets are welcome. This is the principal reason why I believe in the prizeWise model and the key marketing potential for different kinds of industries and companies around the world, especially one for the European market. The prizeWise system is a perfect mix for attracting new generation technology users and promotion of products by major companies via the sweepstakes.
"People love to utilize prizeWise at all times using their mobile phones and other handheld devices. For this reason, we will work together with the management of 21st Century Technologies and prizeWise to introduce and gain contracts with the mobile carriers. Corsini Real Estate & Investments Ltd. is also engaged to buy other participation in content through mobile phones, which can provide a direct up-date to the customers for the new sweepstakes. People can buy coupons using their phones and carriers will charge direct through the customer's contract. It's an easy and simple promotion model: win products and get news. Our marketing effort is to sell remnants by the industries, so we can have a high volume of products on prizeWise and also implement an additional spin to win the products with a better price. Like any business venture, everything depends on management, the business model and the know-how to engage in the fight for market penetration. But I think the market needs a new generation of Warren Buffett with a different prospective and for a different kind of reason. I am esteemed worldwide like a 'Goldfinger' in business development. Further, I think the financial market can explode in the next 60 days by a lot of facts and prizeWise is in prime position to participate," added Mr. Corsini.
For its contribution to the expansion of prizeWise's business in Europe and other markets, ADV Planet will receive a 50% net revenue stake in all closing sweepstakes obtained by prizeWise as a result of the activities of ADV Plant.
"The key to this agreement is the intent to develop a relationship that will integrate ADV Planet's 25,000 client database into the prizeWise site and the goal of an additional $100 million in sales of high end products as a result of this venture. We are pleased to have attracted such a significant and well-established partner in the European market whose role will be to expand the development and marketing of prizeWise.com," commented Kevin Romney, President of 21st Century.
21st Century Technologies, www.tfctcorp.com, 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.
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Contact:
21st Century Technologies Inc.
Troy Lovick, 702-248-1202
1:00pm to 3:00pm (PT) Monday-Friday
or
Andrew Beyer, 951-587-8072
10:00am to 12:00pm (PT) Monday-Friday
Email: ir@texn.com
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Source: 21st Century Technologies, Inc.
TFCT: .019 x .02
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