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[QUOTE]Originally posted by valves: [QB] LAS VEGAS, Aug 19, 2004 (BUSINESS WIRE) -- The Department of Defense received $1 million funding in its newly approved spending bill to purchase patch devices from Trident Technologies, Inc, a wholly owned investment portfolio company of 21st Century Technologies, Inc. (OTC:BB TFCT.OB), Kevin Romney, president and CEO, announced today. "We are pleased that Congress was so impressed with our products that they included funding for the military to buy them," said Romney, adding that the appropriation adds credibility to our products and opens doors for additional federal and state procurement opportunities, especially in the areas of transportation and homeland security. "We believe additional funding could be approved in the near future," Romney added. Company officials worked closely with members from Nevada and Texas to secure the itemized funding for "patch technology to prevent leaks and hazardous material spills." Romney and Jim Branch, president of Trident Technologies, a wholly-owned investment portfolio company of 21st Century, which manufactures the patch technologies, made several trips to Washington to brief elected officials and high-level staff on the benefits of the ProMag and SeaPatch technologies. Decision-makers appeared supportive of the company's efforts to secure appropriations from the beginning. ProMag (for land-based applications) and SeaPatch (for marine uses) devices are magnetic patches capable of sealing any type of leak to include size. The device have been successfully used on large and small circular punctures, jagged tears, even bullet holes - to avert disasters that are natural, accidental or caused by acts of terror. As a symbol of their reliability and functionality, SeaPatch and ProMag magnetic-powered quick seal devices have been type-approved by the American Bureau of Shipping and are used during emergency response training at the Department of Transportation's Emergency Response School in Pueblo, Colorado, the Louisiana Emergency Response Training Center and the Texas Engineering Extension Service. 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. SOURCE: 21st Century Technologies 21st Century Technologies Troy Lovick, 702-248-1588 [This message has been edited by valves (edited August 19, 2004).] [/QB][/QUOTE]
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