Message #30 From:
NewsBot Date: September 2, 2005 11:27:00 AM
TFCY News DLC General Contracting Inc. President and CEO Danny L. Cates Dies
HENDERSON, Nev.--(BUSINESS WIRE)--Sept. 2, 2005--21st Century Technologies Inc. ("21st Century" or the "Company") (OTC: TFCY.OB) today stated its great sorrow and shock of the untimely death of Danny L. Cates, president and CEO of DLC General Contracting Inc. ("DLC"). 21st Century has an equity investment in DLC and as well has made loans to that company.
John R. Dumble, president and CEO of 21st Century, said, "We are deeply saddened and shocked at the death of Danny Cates at the hands of another. Danny was an outstanding human being who conducted both his business and personal life at the highest level of integrity. Our thoughts and prayers go out to Danny's family."
21st Century is a business development company operated pursuant to the Investment Company Act of 1940. It holds various enterprises as investments and seeks to grow companies in which it has an interest. The Company's current investment portfolio includes prizeWise Inc., TransOne Inc., Innovative Weaponry Inc., Trident Technologies Corp., DLC General Contracting Inc. and Mo-DV Inc. (formerly MMC Entertainment Group Inc.). The Company's investment ownership in these enterprises ranges from approximately 9% to 100%.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are intended to qualify for the safe harbor from liability provided thereunder. All statements which are not historical statements of fact are "forward-looking statements" for purposes of these provisions and are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company may experience significant fluctuations in operating results due to the impact of a number of uncertainties including, but not limited to, economic conditions, competitive products or pricing, technological changes and other factors. These uncertainties could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information concerning potential risk factors that could affect the Company's future performance are described from time to time in the Company's reports filed with the Securities and Exchange Commission.
