21st Century Holding Company Reports Record Revenues in Four Units

21st Century Holding Company, a financial services holding company, says its Federated National Insurance Company subsidiary has seen a sizeable jump in written and bound policies for the month of March and for the first quarter of 2000.

Edward Lawson, president and CEO, said that Federated National had a 70 percent sales increase in insurance policies written and bound in March 2000 over March 1999. For the entire quarter, January through March 2000, sales increased 65 percent versus the same quarter sales in 1999.

Lawson also reported record revenues in the first quarter for 21st Century Holding Company's wholly owned subsidiaries Federated Premium Finance, Inc. and Assurance Managing General Agents, Inc. and it's 80 percent owned subsidiary Express Tax Service.

Lawson said, ``… Our growth momentum is focused on service and shareholder value as we look through the remainder of this year and into next year. Our people are excited and ready to build our company to a new level.''

Among its other ventures in insurance and financial services, 21st Century Holding Company has applied for a charter to open the proposed FedFirst Bank, a Federally-chartered thrift.