TFCT.079,this time I am in due to this$0.25 per share over
the next 3 months. This is a 200% premium over our current market price.(COMTEX) B: 21st Century Technologies Enters into Additional $2.5 Million
rivate Placement with Compass Capital Group, Brings T
B: 21st Century Technologies Enters into Additional $2.5 Million Private Placeme
t with Compass Capital Group, Brings Total to $7.5 Million
LAS VEGAS, Nov 13, 2003 (BUSINESS WIRE) -- Today, 21st Century Technologies,
Inc. (OTCBB:TFCT) and Compass Capital Group of New York City have entered into a
restricted stock purchase agreement for up to $ 2.5 million dollars in
additional financing. "The agreement calls for Compass Capital to purchase
10,000,000 shares of restricted stock at a fixed price of $0.25 per share over
the next 3 months. This is a 200% premium over our current market price. Compass
Capital shall have no registration rights to these shares. This is a testament
to Compass' long-term commitment to our company, and value in our stock. This
agreement will add value for our shareholders," stated Arland D. Dunn, President
and CEO of 21st Century Technologies.
Mark Lefkowitz, investment banker for the Compass Capital Group said, "This
investment will bring our overall commitment to $7.5 million dollars. Compass
Capital is making this investment to secure the capital necessary for 21st
Century Technologies to make new acquisitions and ramp up production for ProMag
and SeaPatch. In addition, Compass Capital will be appointing a board member to
the 21st Century Technologies investment committee, to oversee the investment
and to bring new acquisitions to the company. The premium Compass Capital is
paying reflects the long-term value we see in the company, as 21st Century
implements its business plan for 2004 and beyond."
21st Century is a business development company which currently operates three
wholly-owned subsidiaries, Trident Technologies, Inc., Innovative Weaponry, Inc.
and Miniature Machine Corporation. Trident manufactures ProMag and SeaPatch,
rare-earth permanent magnet-powered leak and rupture sealing systems, especially
effective in HAZMAT applications. 21st Century is seeking funding from the
Department of Homeland Security to provide ProMag/SeaPatch to the nation's
31,000 fire departments. Trident and Miniature Machine manufacture low- and
no-light gunsights and precision engineered and built adjustable gunsights,
respectively. The company is acquiring Credit Card Financial Corporation, which
will deal in the buying and selling of credit card consumer debt and will
develop that business into a major profit center.
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 risks.
SOURCE: 21st Century Technologies, Inc.
CONTACT: Equitilink, Inc.
Ron Garner, 877-788-1940
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KEYWORD: NEW YORK NEVADA
INDUSTRY KEYWORD: GOVERNMENT
AEROSPACE/DEFENSE
SPORTS
MARKETING
AGREEMENTS
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