21st CENTURY HOLDING CO. NOTES RECORD EARNINGS:

Florida-based 21st Century Holding Co. reported record results for the quarter ended June 30, 2004. For the quarter ended June 30, 2004, the company reported record net income of $3,674,778, or $0.95 per share on 3,863,262 undiluted shares, versus net income of $2,113,934 or $0.69 per share on 3,063,105 undiluted shares in the same period last year. Income before provision for income tax expense increased by 82.6 percent from $3,148,996 in the second quarter of 2003 to $5,749,421 for the quarter ended June 30, 2004. On a diluted share basis, the company reported record earnings of $0.91 per share, based on 4,055,944 average diluted shares outstanding. Net premiums earned in the second quarter of 2004 surged 54.6 percent to $16.9 million from $10.9 million in the same period last year. Total revenues for the second quarter of 2004 increased 37.7 percent to $20.6 million from $14.9 million in the same period last year.