TFCT .031.Bought more on the news today.I see more profits,
subsidiary,per PR. B: Recent 21st Century Acquisition Proves Itself Paramount Multis
rvices Performs ( PRIMEZONE )
B: Recent 21st Century Acquisition Proves Itself Paramount Multiservices Perform
( PRIMEZONE )
LAS VEGAS, Mar 18, 2004 (PRIMEZONE via COMTEX) -- A recent audit of Paramount
Multiservices, Inc., an acquisition of 21st Century Technologies, Inc.
(OTCBB:TFCT) and now a wholly owned subsidiary of that company, disclosed gross
revenues for 2003 of $2,995,430, with over $897,000 in the 4th Quarter of 2003
alone. In December, 2003, Paramount was acquired by 21st Century in a stock
purchase arrangement to be paid out over a three-year period.
Fredrick Perrin IV, Vice-President of Operations for Paramount, stated, "We
expect future profits and volume from Paramount to increase significantly in
both the near- and long-term. Being a wholly owned subsidiary of 21st Century
provides Paramount with the capital to grow. Potential additional marketing
centers are being considered. We are on track to hit $4.5 million in 2004."
Paramount is a marketing firm, principally engaged in both inbound and outbound
telemarketing. It operates centers in Nebraska and Texas and performs services
on behalf of Fortune 500 companies in the insurance and financial services
industries.
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.
SOURCE: 21st Century Technologies, Inc.
By Staff
CONTACT: Equitilink, Inc.
Ron Garner
(877) 788-1940
(C) 2004 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: Business Services
SUBJECT CODE: MARKETING
Company Announcement
Product Services Announcement
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