LAS VEGAS, Dec. 23, 2003 (PRIMEZONE) -- Today, Compass Capital, investment bankers for 21st Century Technologies, Inc. (OTCBB:TFCT), provided another $350,000 in funding to 21st Century. The total amount that Compass has helped to fund for 21st Century is over $4 million over the last 4 months. This timely funding will serve to reinforce Compass' belief that the current raising of the National Security Threat Level to orange, which is a "high alert" from the prevalent yellow level, will encourage expeditious funding by the Federal Government for products such as 21st's ProMag and SeaPatch rare earth magnet-powered rupture and leak-sealing systems. Compass expects to have its $5 million commitment to 21st completed by the end of January, 2004, well ahead of schedule, according to Mark Lefkowitz of Compass Capital.
21st Century is actively seeking funding from the Department of Homeland Security for the nation's first responders, such as fire and police departments, to make ProMag and SeaPatch systems part of their regular equipment territory. ProMag and SeaPatch, manufactured by 21st's wholly-owned subsidiary, Trident Technologies, Inc., are especially suited for quick and efficient sealing of HAZMAT leaks and containment rupture, even in difficult circumstances. The devices are in use by many of the nation's railroads, chemical and petroleum companies, as well as first response specialist companies. Widespread distribution of ProMag and SeaPatch by providing the systems to the nation's fire departments will provide an additional level of security for all.
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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.