LAS VEGAS, March 18, 2004 (PRIMEZONE) -- A recent audit of Paramount Multiservices, Inc., an acquisition of 21st Century Technologies, Inc. (OTCBB:TFCT) and now a wholly owned subsidiary of that company, disclosed gross revenues for 2003 of $2,995,430, with over $897,000 in the 4th Quarter of 2003 alone. In December, 2003, Paramount was acquired by 21st Century in a stock purchase arrangement to be paid out over a three-year period.
Fredrick Perrin IV, Vice-President of Operations for Paramount, stated, "We expect future profits and volume from Paramount to increase significantly in both the near- and long-term. Being a wholly owned subsidiary of 21st Century provides Paramount with the capital to grow. Potential additional marketing centers are being considered. We are on track to hit $4.5 million in 2004."
Paramount is a marketing firm, principally engaged in both inbound and outbound telemarketing. It operates centers in Nebraska and Texas and performs services on behalf of Fortune 500 companies in the insurance and financial services industries.
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