LAS VEGAS, Dec. 10, 2003 (PRIMEZONE) -- Today, the Board of 21st Century Technologies, Inc. (OTCBB:TFCT) moved forward with its plan to move the company's listing to the NASDAQ national market system from the Bulletin Board. The Board agreed that it is in the best interest of the Company and its shareholders to move the listing to NASDAQ. Projects currently underway, such as the joint venture with HCIA to acquire the Radisson Hotel in Acapulco, Mexico, will increase the Company's asset base more than sufficiently to meet minimum capital requirements. The progression to NASDAQ is a natural result of growth such as 21st Century has been experiencing. 21st Century is moving forward at a rapid pace and needs the support of a larger and more liquid exchange, such as NASDAQ.
21st Century Technologies, Inc. is a Business Development Company as provided in the Investment Act of 1940. It owns three active subsidiaries, Trident Technologies, Inc., Innovative Weaponry, Inc. and the Miniature Machine Corporation. Trident manufactures a rare earth magnet powered leak and rupture sealing system, ProMag (and its maritime brother, SeaPatch) which is especially effective at dealing with HAZMAT and difficult environmental damaging spills; Innovate Weaponry and Miniature Machine manufacture low light and no light gun sights and precision adjustable gun sights, respectively. The Company is seeking federal funding to distribute ProMags to the nation's fire departments and other first responders.
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.