FT. WORTH, Texas--(BUSINESS WIRE)--Dec. 20, 2000--21st Century Technologies, Inc. (Pink Sheets:TEXN) would like to give shareholders an update on each of its divisions.
21st Century Technologies, the parent company, has five active wholly owned subsidiary corporations: Innovative Weaponry, Inc.; Griffon USA, Inc.; Unertl Optical Company, Inc.; Trident Technologies, Inc.; Hallmark Human Resources, Inc.
Innovative Weaponry, Inc. (IWI) and its line of tritium-based night sighting systems for the weapons industry called P-T Night Sights, has had an upward struggle to meet their customer needs with a competitive price and extended warranty without sacrificing quality. IWI is proud to announce that they have commenced shipping against the five-year, $5 million contract received last month and that they have also received a significant increase in orders for December.
IWI has five new International Distributors in place as of September 2000 in the following countries: Two in Singapore, one in Australia, one in Turkey, and one in Greece. They are currently bidding on International military and law enforcement jobs. The International PT Night Sights sales are a new arena for IWI in 2001.
IWI Pro Forma Operating Statements for 2001 project net revenue of $2.5 million, an increase of over 300%.
Over the last few years IWI has been successfully weaning customers away from the major competition, a steady process requiring both skill and endurance. As a result of these efforts PT Night Sights is now a recognized name in the Law Enforcement, Shooting and Hunting industries.
Griffon USA, Inc. (Griffon) sells the Law Enforcement Grade 1911 semi-automatic, which is a reproduction of the original Browning/Colt 1911. Though the uncertainty of the presidential election had caused grave concern to Griffon's dealers and customers, now that this issue is resolved, the Company has taken delivery of 790 new Griffon USA semi-automatic weapons. Griffon USA has been granted the "not unsafe" permit by the state of California for handguns. This is the first permit that has been required by a state.
The Company will be introducing a new two-tone conversion of the Griffon at the Shot Show in January, with a custom conversion soon to follow.
As for the Unertl Optical Company (Unertl), 21st Century Technologies purchased all assets, patents and The John Unertl trademark in October of 2000. After completing evaluation of inventory and equipment and contacting previous customers, this division is now in the process of negotiating Unertl Government contracts.
Unertl Pro Forma Income Statements for 2001 show a six-figure profit. This is easily attainable in the first three quarters of 2001.
There has been tremendous response to the Unertl acquisition. Representatives have been busy writing new orders and filling old orders on a daily basis, and in the few weeks since acquisition, Unertl is already showing a profit.
Everyone is looking forward to the challenge this acquisition offers and the opportunity to provide Unertl's customers with the same unsurpassed quality and service.
Trident Technologies, Inc. (Trident) has many positive announcements for shareholders.
The Pro Mag's first real debut was near Waco, Texas on Nov 13, 2000. Union Pacific Railroad had a minor incident where thirteen cars derailed. One of the thirteen cars was punctured and began leaking Methanol. After several unsuccessful attempts to stop the leak, Union Pacific Officials sent for the Pro Mag System at the Texas A&M Training Center, and within minutes of its arrival, they assembled part of the Pro Mag Kit and stopped the leak. Union Pacific has since bought one large kit and has committed to many more after the new year's budget is in place. To view actual photos of the derailment please visit object9.com
Trident has completed multiple sales with Marathon Oil, BASF, Dow Chemical, Burlington Northern Railroad, Kirby Inland Marine as well as some local HAZMAT Teams and Fire Departments. Trident also has verbal commitments with the Louisiana State Police and the Louisiana State EPA.
Trident has completed a new, aggressive, worldwide sales strategy, which will be implemented in the new year, targeting the Shipping Industry, the HAZMAT Industry, the Railcar Industry, and the Emergency Response Sectors. Trident will be bringing on new salespeople as necessary so that they can flood the market as quickly as possible.
Trident's new Baton Rouge facility is complete and everything is in place to build and ship Patches immediately after orders are received.
Trident is also pleased to announce that final testing is underway on a Patch that will work on non-ferrous materials such as aluminum, stainless steel, plastic and fiberglass. Shareholders will be updated as soon as test results are received.
Hallmark Human Resources, Inc. (Hallmark) will begin operations on January 1, 2001. This full service Employee Leasing Corporation will have 21st Century Technologies and its wholly owned subsidiaries as their first clients. This service provides all Human Resource and Payroll functions to other companies. Hallmark's easily attainable Pro Formas for 2001 show a six figure net profit. With experienced personnel on board to run this company, Hallmark is enthusiastic to get started in the new year.
Each of 21st Century Technologies' five active wholly owned subsidiaries will be represented at the Shot Show in New Orleans, January 11 - January 14, 2001.
Each division's unique product lines have been tested and perfected, are of excellent quality, and are ready to fill the niches in their markets.
This is a very exciting time for 21st Century Technologies, a company that has been dedicated to its young subsidiaries, providing financial investments, personnel, patents and licenses. The completion of these phases will occur in December 2000. 21st Century Technologies, and its wholly owned subsidiaries, are on the brink of metamorphosing into multi-million dollar corporations.
21st Century Technologies would also like to inform shareholders that they have received sixteen comments from the SEC regarding their Amended Registration Statement. These comments have all been addressed and will be sent to the Edgar Agent tomorrow.
Financial Statements in this press release other than historical facts are "forward looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about its future expectations, including future revenues and earnings, and all other forward looking statements (i.e. future operational results and sales) involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results |
