21st Century Technologies Announces Management Changes
LAS VEGAS--(BUSINESS WIRE)--Nov. 15, 2004--21st Century Technologies Inc. (OTCBB:TFCT) today announced that at a recent meeting of its Board of Directors a number of changes were made to the Company's management team. John Dumble, formerly Vice President of the Company, was appointed to the position of President and Chief Executive Officer. The Board also accepted the resignations of President and CEO Kevin Romney and Chief Financial Officer, Alvin Dahl.
Jim Terrell, Chairman of the Board of Directors, commented, "We are pleased to have John Dumble take the helm at 21st Century Technologies and are confident that with his leadership, the Company is prepared to grow the value of its investment fund. A number of the Company's current portfolio investment companies are positioned for significant growth, and we expect that with strong leadership from the 21st Century management team, the potential of these investments will be realized. We also anticipate solidifying our management team with the appointment of addition corporate officers in the coming months."
"I am pleased to be taking the lead role in bringing value to 21st Century shareholders and look forward to helping the Company reach the performance milestones that the Board has set forth. We appreciate the years of service that Mr. Romney and Mr. Dahl have given to 21st Century Technologies and wish them luck in their future endeavors," stated Mr. Dumble.
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.
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