TEXNE Q PROFIT out, and losing E.Dunn Announces First Quarter Profit 21st Century Technologies Files Forms 10K and 10Q
WESTLAKE VILLAGE, Calif., May 21, 2002 (BUSINESS WIRE) -- (OTCBB: TEXNe chart, msgs) Arland D. Dunn, President and Chief Executive Officer of 21st Century Technologies, Inc. announced today the first profitable quarter since the Company's inception. In addition, Mr. Dunn stated that Form 10K for the year ending December 31, 2001 and Form 10Q for the first quarter of 2002 have been filed with the Securities and Exchange Commission. Such filings are available for inspection through Edgar.
"The first quarter profit shown on the 10Q filed this date is $48,000.00," stated Dunn. "This represents a sharp turn-around for 21st Century. It is an excellent way to begin the revitalization of this company. We shall endeavor to increase profit through operating efficiencies, cost control and energy devoted to development of our core businesses."
Mr. Dunn further commented on the 10K and 10Q filings made this date. "We are now current on required filings with the Securities and Exchange Commission," advised Mr. Dunn. "Since I have become President and Chief Executive Officer of 21st Century, almost all of our efforts have been devoted to accomplishing these critically necessary filings. We can now turn our attention to growing the company to the position that it deserves and will earn in the marketplace. Recent sales reports have been very encouraging, as are the first quarter results," stated Mr. Dunn. "We're just getting started with the process of creating an efficient, expanding enterprise with a bright future."
Dunn noted that 2001 results as reflected in the 10K showed a considerable loss. "However," he said, "the movement into profitability should be encouraging to all of us," said Mr. Dunn. "I plan to take advantage of that movement to bring us further positive results."
Mr. Dunn stated that there will be considerable realignment and reorganization of the Company's various subsidiaries in the near future. "These changes will all have the same goals, efficiency and profitability," Mr. Dunn said. "We expect and will get positive results, all in the foreseeable future."
All statements other than statements of historical fact included in this report are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
Contact:
21st Century Technologies, Inc.
Larry Bach or Arland Dunn, 818/707-9466 |
