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[QUOTE]Originally posted by FurrySound: [QB] Press Release Source: 21st Century Technologies, Inc. TransOne, Inc., an Affiliate Investment of 21st Century Technologies, Inc., Receives Initial Order for 100,000 Cards Internationally, with a Projection for over Three Million Cards over the Next Three Years Wednesday June 16, 8:30 am ET LAS VEGAS--(BUSINESS WIRE)--June 16, 2004--21st Century Technologies, Inc.'s (OTC:BB TFCT.OB) affiliate investment company, TransOne, Inc. , a provider of transaction processing services and products specializing in the Pre-Paid Debit Card industry has established and coordinated a consortium of US based technology companies to develop overall prepaid solutions for the explosive pre-paid debit card industry. A major company that provides regional web content, a licensee of "Hotmail", intends to distribute the new TransOne card products to over two million voucher users in their system. TransOne utilizes the innovative Visa Electronic instant issue debit card, the Symmetrex state-of-the-art processing platform, an innovative web-based funds transfer system, and Visa's worldwide network in collaboration with Visa member banks. Through the sales and marketing organizations of TransOne, Inc., and leading debit card marketing companies, TransOne enables pre-paid stored value cards to be purchased, activated, loaded and used over merchant POS terminal networks, ATM's and the internet world wide. The consortium's cards will be accepted at over 15 million Visa POS merchants for retail purchases, one million Visa/Plus ATM's to access cash, and at Visa e- Commerce Merchants enabling on-line shopping. TransOne coordinated a series of meetings in Sydney, Australia with a leading marketing company of financial solutions throughout the Asia-Pacific region. The meeting established a cooperative business agreement between the parties for the Asia-Pacific region including programs, contracts, and off-line banking systems and infrastructure in place to distribute pre-paid stored value cards. The consortium offers in its market, an end-to-end micro payment pre-paid solution incorporating a global pre-paid transaction management platform including, pre-paid telephone, internet, gas, music, games, and web subscriptions for the non-credit market segments. The intended customers to utilize this program and this technology will ultimately be TransOne customers, who are significant players in the arenas of fast food, software and computer manufacturing. In addition, a premier global travel agency in the region representing 16,000 travel consultants in six countries, has contracted with TransOne to provide an estimated one million cards for Travel Expenses, Rewards, Loyalty Programs, Pre-Paid Internet, and Pre-Paid Phone Service. The agency has been installed with software that will allow agents, in over 4000 travel center offices around the world to use their reservation system to assign and hand out the Visa Electronic stored value cards to each customer to use during their trip. These contracted cards are scheduled to be delivered in July. Kevin Romney, President of 21st Century Technologies, commented that TransOne, Inc. was valued at $20,000,000 as of December 31, 2003. Based on preliminary discussions with independent valuation consultants, we expect a substantial increase in the June 30, 2004 value which will be reflected in our second quarter filing. Along with prizeWise.com, TransOne, Inc. represents the many good things happening in 21st Century's portfolio of investments. "Based upon the continued growth of our portfolio companies, shareholders can look forward to substantial growth in net asset value and earnings per share", said Mr. Romney. 21st Century Technologies is a Business Development Company, operated pursuant to the Investment Companies Act of 1940. It holds various enterprises as investments and seeks to grow companies in which it has an interest. 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. [/QB][/QUOTE]
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