21st Century Technologies 10-K Reveals Record Profits, Asset Growth; 4th Quarter Performance Considered 'Stunning'
March 31, 2004 2:39:00 PM ET
"Our 10-K (no longer 10-KSB) filed March 30, 2004 with the Securities and Exchange Commission demonstrates record 4th Quarter profits and 5-fold asset growth when compared with 2002," said Alvin L. Dahl, Chief Financial Officer. "When one considers that this company lost $1.9 million in 2002 and $5.7 million in 2001, the results for 2003 are nothing less than stunning. Management's decision to convert to a Business Development Company under the Investment Act of 1940 which allows great flexibility in investments capital growth has proved to be a wise one, as reflected by our 4th Quarter operating results."
Mr. Dahl added, "We are in the process of accounting for 1st Quarter 2004 operations and anticipate the ability to report additional good news relating to the company's growth and profitability."
21st Century operates several wholly-owned subsidiaries in its capacity as a BDC, including Trident Technologies, Innovate Weaponry. Miniature Machine Corporation, Paramount Multiservices and PrizeWise. Other acquisition are being currently pursued.
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.
Contact Information: Equitilink, Inc. Ron Garner, 877/788-1940
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