21st Century Technologies Inks an Arms Deal with the National Police of Ecuador
March 27, 2003 07:31:00 AM ET
FORT WORTH, Texas--(BUSINESS WIRE)--March 27, 2003--21st Century Technologies, Inc. TFCT announced today that its wholly-owned subsidiary Innovative Weaponry, Inc. has completed a sale of up to 10,000 units of its PT Night Sights(TM) for Glock handguns to various arms-bearing departments of the country of Ecuador, primarily the National Police of Ecuador. Night sights provide gun users with a more accurate aim at the object they are attempting to shoot.
PT Night Sights(TM) have already become extremely popular among U.S. law enforcement agencies. Numerous agencies at the state and local level utilize PT Night Sights, including major police departments such as the Los Angeles Police Department. Innovative Weaponry's client base consists of several bodies of the U.S. military establishment as well as the Navy Seal Teams, Delta Force, the Customs Service and the DEA.
"This single agreement alone could increase Innovative Weaponry's annual revenues by 25% or $400,000. More importantly, however, we believe this sale will open the door for us in Latin America. The potential in Ecuador is measured in millions of dollars and the overall market in Latin America could be as high as $100 million. We are also making significant progress in other foreign markets, with orders from Norway, Trinidad, the Philippines, Singapore and Venezuela. And, we already work with all major gun manufacturers in the world, including Smith & Wesson SWB, Colt, Glock and Remington," says Arland Dunn, Chairman and Chief Executive Officer of 21st Century Technologies, Inc.
Innovative Weaponry's products feature tritium sights with the front sight designed to be brighter than the rear sight, which enhances low light sighting. Available in a variety of colors, the product consists of night sights in dot, bar or combination configurations using the radioactive isotope tritium encapsulated in phosphor-lined glass. Beta particles emitted by the tritium excite the phosphors and cause a substantial glow, thus providing sight pictures in low light and no light situations. Innovative Weaponry has also designed and manufactured some prototype sights using fiber optic material, utilizing ultra-violet rays that transmit them through the glass fibers, giving the shooter a phenomenal daytime-like sight picture.
Safe Harbor Statement
The statements made by 21st Century Technologies, Inc. (the Company) may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from those projected due to risks such as changes in interest rates, market competition, our ability to generate orders and various other business factors.
Contact Information:
FOCUS Partners LLC
Investor Contact
David Zazoff, 212/752-9445
TFCT@focuspartners.com
or
21st Century Technologies, Inc.
Larry B. Bach, 818/707-9466
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