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To: dkgross who wrote (132878)	5/19/2004 9:44:29 AM
From: Taki	Read Replies (2) \| Respond to of 150070

TFCT this letter from poster pushing TFCT alsohttp://www.ragingbull.lycos.com/mboard/boards.cgi?board=TFCT&read=17647 By: techdude2004 19 May 2004, 09:28 AM EDT Msg. 17647 of 17647 Jump to msg. # LETTER FROM TROY (TFCT IR) GOOD READ Tech, I really appreciate the good questions. Thank you. I believe the appreciation you're referring to is an increased investment in TransOne Inc. That company is an affiliated investment (less than 25% ownership interest) We increased our investment in them in the 1st quarter. It is a normal accounting accrual for a BDC (or a mutual fund). You are right it is not the nuts & bolts kind of financial statement we are used to reading. And yes this is what we can expect more of in the future. The two basic types of income are investment appreciation and management fee's. We receive cash flow from a portfolio company's operations for services rendered such as legal & accounting (these increase with profits) and equity growth from increasing investment value. Portfolio companies are valued by an accredited valuation firm on a regular basis. We'll be talking more about this in future communications. Hopefully that answers the questions. Thanks for taking the time to write. Kind regards Troy Lovick Business Development 21st Century Technologies Inc / TFCT.ob 559-222-9990 direct