SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 21, 2004
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Date of Report (Date of earliest event reported)
21ST CENTURY TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-29209 48-1110566
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(State or other jurisdiction (Commission (I.R.S Employer
of incorporation) File Number) Identification No.)
2700 W. Sahara Boulevard
Suite 440
Las Vegas, Nevada
89102
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(Address of principal executive offices, including zip code)
(702) 248-1588
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Registrant's telephone number, including area code
ITEM 5. OTHER EVENTS.
21ST CENTURY TECHNOLOGIES OUTLINES SUCCESSION STRATEGY AFTER PASSING OF
CHAIRMAN/CEO
LAS VEGAS--(PRNEWSWIRE)--April 21, 2004--21st Century Technologies, Inc. (OTC:BB
TFCT.OB) today announced the Company's succession strategy after the passing of
Chairman and Chief Executive, Arland Dunn, who died on April 19 at the age of 65
following a prolonged illness.
The Board of Directors has appointed Larry Bach, a director and the Corporate
Secretary, to serve as the Company's Acting Chairman, and Kevin Romney, who had
been serving as the General Manager, to serve as the Company's new Chief
Executive Officer. The Company also announced the addition of John Dumble, Vice
President of Business Development, to fill the vacant position on 21st Century's
Board of Directors. Detailed information regarding the changes in management
will be set forth in a Current Report on Form 8-K filed with the SEC.
On the changes, the Board issued a joint statement reading, "Mr. Dunn was an
outstanding leader, businessman and friend who will be dearly missed by everyone
associated with 21st Century Technologies. Our thoughts and sympathies go out to
his family at this difficult time. Mr. Dunn successfully navigated the Company
through its transition to a Business Development Company, the infusion of over
$5 million of private placement financing, and the recently announced net profit
for fiscal 2003. He made a lasting mark on 21st Century Technologies, and his
leadership was an integral part of the Company's recent growth."
The Board's statement continued, "We are confident in the abilities of Messer's
Bach, Romney and Dumble to continue Arland's legacy with a successful transition
and even greater performance in the future. Mr. Bach, who received his Bachelor
of Arts degree from the University of North Texas and Juris Doctor from Southern
Methodist University, has been the Company's Secretary since May, 2002 and
business advisor and consultant to Mr. Dunn since 1995. Mr. Romney, a certified
public accountant who previously worked for Ernst & Young, is an experienced
entrepreneur who has been the Company's general manager for the past two years.
Mr. Dumble is a seasoned investor and business man who has been the Company's
V.P. of Business Development for the past 18 months." 21st Century Technologies
is a Business Development Company pursuant to the Investment Company Act of
1940. 21st Century has ownership in several investment portfolio companies,
including Trident Technologies, Inc., which manufactures high-technology
magnet-powered patching and sealing systems, Innovative Weaponry, Inc., maker of
low light and no light tritium-powered gun sights, the Miniature Machine
Corporation, manufacture of precision adjustable gun sights, Paramount
Multiservices, Inc., a telemarketing firm and PrizeWise, Inc., a web-based
marketing system which is being readied for a near future launch.
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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
21st CENTURY TECHNOLOGIES, INC.
(Registrant)
Dated: April 21, 2004 By: /s/ KEVIN ROMNEY
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Kevin Romney
Chief Executive Officer