21st Century Holding Company Signs Florida Department Of Insurance Consent Order

    PLANTATION, Fla., Aug. 28 Edward J. Lawson, President of
21st Century Holding Company , a vertically integrated financial
service holding company, clarifies that 21st Century Holding Company yesterday
signed the Florida Department of Insurance Consent Order No. 42807-01-CO in
order to complete its acquisition of American Vehicle Insurance Company.
    Mr. Lawson stated, "This acquisition will be officially approved once the
Florida Department of Insurance signs the Consent Order.  We believe this
acquisition will be a solid asset for years to come."
    21st Century Holding Company manages its insurance underwriting,
distribution and claims process through its subsidiaries.
    * The Company underwrites standard and non-standard personal automobile
insurance and mobile home, property and casualty insurance in the state of
Florida through its subsidiary, Federated National Insurance Company.
    * The Company has underwriting authority for third-party insurance
companies, which it represents through a wholly owned managing general agent,
Assurance Managing General Agents, Inc.
    * Claims made by Federated National's insureds are internally processed by
a wholly owned claims adjusting company, Superior Adjusting, Inc.
    * The Company offers premium financing to its own and third party insureds
through a wholly owned subsidiary, Federated Premium Finance, Inc.
    * Express Tax Service, Inc., an 80% owned subsidiary, licenses its brand
name and its software to retail tax preparers and over the Internet.
    * The Company offers other ancillary services including electronic income
tax filing, tax preparation and tag & title transfer services through
Federated Agency Group, Inc., also a wholly owned subsidiary.
    * Fed USA, Inc., a wholly owned franchiser company, offers single and
master franchise opportunities to individuals to own and operate their own
business with the support of two brands, Fed USA Insurance and Financial
Services and Express Tax.
     21st Century Holding Company (the "Company") cautions readers that
certain important factors may affect the Company's actual results and could
cause such results to differ materially from any forward-looking statements
which may be deemed to have been made in this release or which are otherwise
made by or on behalf of the Company.  For this purpose, any statements
contained in this report that are not statements of historical fact may be
deemed to be forward-looking statements.  Without limiting the generality of
the foregoing, words such as "may," "will," "expect," "believe," "anticipate,"
"intend," "could," "would," "estimate," or "continue" or the negative other
variations thereof or comparable terminology are intended to identify forward-
looking statements.  Factors which may affect the Company's results include,
but are not limited to, risks related to the nature of the Company's business;
the limit on the Company's ability to expand due to a consent order entered
into with the Florida Department of Insurance; reinsurance; dependence on
investment income; the adequacy of its liability for losses and LAE
regulation; insurance agents; claims experience; limited experience in the
insurance industry; competition; ratings by industry services; catastrophe
losses; reliance on key personnel and other risks discussed elsewhere in this
Report and in the Company's other filings with the Securities and Exchange
Commission the ("Commission").

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