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Technology Stocks : TEXN -- Ignore unavailable to you. Want to Upgrade?

To: john griffin who wrote (25)	5/14/1998 9:23:00 AM
From: KC Jones	Read Replies (1) \| Respond to of 55

Here's the release for those that didn't see it. Wednesday May 13, 8:58 am Eastern Time Company Press Release 21st Century Technologies Inc. Increasing Business in Two Divisions FORT WORTH, Texas--(BUSINESS WIRE)--May 13, 1998--21st Century Technologies Inc. (OTC BB:CNTK - news; OTC/BB:TEXN - news) is nearing completion of the audit of its 1997 and preceding years' financial statements. On an unaudited basis, 1997 ended profitably and the first four months of 1998 have continued this trend. Night sight orders have increased geometrically and to fill the orders the company is adding another production shift and ordering more of the special machines, the CNC Fadal VMC-15 Vertical Machining Centers. The machined sites are far more popular than those cast. Most of the expansion has been made possible from cash flow. Specialists in the radioactive Tritium have been called in to train new employees who have to be qualified and be satisfactorily tested before they can begin employment. 21st Century has a proprietary method for handling Tritium, which is unique to the product. Law-enforcement officers in the field have raved about special aspects of the product and have freely provided endorsements, available upon request. A surge of new orders has inundated the factory. Some customers seeking the product line are renewals; others are new additions. Satisfied customers include: the Texas Highway Patrol, Skaggs, Griffin, the Oklahoma, New Mexico and Florida Highway Patrols, Heckler & Koch, Kimber, the Dallas Police Department, L.A. Sheriff's Department, Keltec and Continental Weapons. The Night Sight business is a billion-dollar industry, predominantly used by law-enforcement officials. In addition, the Army uses them on M-16s, AK 47s and shotguns. PT Nightsites, a division of 21st Century, is on a mission to increase its share of the business both domestically and worldwide. At the Shot-Show, a convention in Las Vegas, they were inundated with new orders. According to the Association of Federally Licensed Firearm Dealers, there will be more than 7 million guns sold in 1998. 80 percent will be using night sights. That alone totals $672 million. 21st Century Technology expects to obtain a large piece of that business. Trident Division In addition, the Australian Army just ordered six sets of magnetic ''Grippers'' from the Trident division. This is a very profitable, highly proprietary product, the only one of its kind. Grippers are worn on hands and feet to enable the user to climb any vertical or traverse any steel structure. The gripper is a lightweight magnetic device that attaches to any ferromagnetic material -- iron, steel, or their alloys. The gripper sells for $4,750/pair and complies with safety standards designed by OSHA. This report contains forward-looking information that involves risks and uncertainties, including statements about TEXN's plans, objectives, expectations and intentions. Such statements include without limitation, discussions concerning the ability to accelerate developments of certain products. Investors are cautioned that such forward-looking statements involve risks and uncertainties. -------------------------------------------------------------------------------- Contact: Princeton Research Inc. Investor Relations Department, 702/251-7163 888/782-TEXAN -------------------------------------------------------------------------------- More Quotes and News: 21st Century Technologies Inc (OTC BB:TEXN - news) Century Technologies Inc (OTC BB:CNTK - news) Related News Categories: aerospace/defense --------------------------------------------------------------------------------