LAS VEGAS , Feb. 2, 2004 (PRIMEZONE) -- 21st Century Technologies, Inc. (OTCBB:TFCT) announced today the launch of its new website, PrizeWise.Com, an original concept based on the idea of raffling property as opposed to auction systems now prevalent on the net. Arland D. Dunn, President and CEO of 21st Century stated, "We have acquired the idea and the website. PrizeWise represents a broadening of our business base, which is appropriate for our role as a Business Development Company. Final touches are now being applied to the software. PrizeWise is unique idea which we believe has the potential to become a major marketing force on the web. We will continue with our efforts to gain funding for Trident's ProMag through Homeland Security and other federal resources.
PrizeWise is an internet raffle system, rather than an internet auction. Sellers sell their goods for market value. Potential buyers participate in a raffle for those goods, costing each of them far less than market, giving them an opportunity for a real bargain. PrizeWise earns a commission on each transaction sufficient to operate at a profit. The company expects to commence promotion of the website on a regional basis, to expand to national coverage in short order.
Steve Rinehart, originator of the PrizeWise system and president of the 21st Century subsidiary stated, "This concept is truly exciting. Even if we penetrate only 1 percent on of the internet auction market, we will produce revenue of $200 million dollars per year. The launch will be accompanied by an aggressive advertising campaign to let the people know. We believe that they will love PrizeWise."
Mr. Dunn added, "PrizeWise is the kind of entrepreneurial opportunity that we at 21st Century seek. The potential for truly enormous returns is evident. We believe 21st Century will benefit enormously from this, our latest acquisition. PrizeWise will generate excitement and profit, the kind of business that fits our criteria."
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