21st Century Holding Company Announces Quarterly Common Stock Dividend & Completion of American Vehicle Insurance Company Acquisition

PLANTATION, Fla., Sept. 5 21st Century Holding Company , which is a vertically integrated
financial services holding company, announced that the Board of Directors, at
its quarterly meeting held on September 4, 2001, voted to maintain its
dividend on its common stock. The dividend of two cents per share will be
payable on December 3, 2001 to shareholders of record on November 6, 2001.
This is the fifth consecutive quarter that it has declared a dividend.
21st Century's Board also announced that the Florida Department of
Insurance has now officially approved 21st Century's acquisition of American
Vehicle Insurance Company.
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.
Certain matters described in this report are forward-looking statements
and are subject to risk and uncertainties that could cause actual results to
differ materially from those projected.

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