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MODC Modern Technology Corp


Modern Technology Corp Announces New Operational Business Unit: Insight Medical Group
Monday September 25, 3:58 pm ET


OXFORD, Miss., Sept. 25, 2006 (PRIMEZONE) -- Modern Technology Corp (OTC BB:MODC.OB - News) announced today its plans to create a new subsidiary, Insight Medical Group. The new operational subsidiary will focus on bioscience acquisitions and applications. The new subsidiary will be spun-off as a new public company at the appropriate time. Insight Medical Group's first significant acquisition will be announced soon.
Anthony Welch, Chairman, said: ``We are extremely exited about these events. The announcement of Insight Medical Group represents the culmination of months of planning and the combined efforts of internationally known researchers and scientists. Insight Medical's first acquisition will be announced soon. As part of the announcement we will outline further the company's business development strategy and the profound technology and its implications.''

Stockholders can further expect updates on the following in the coming weeks:


-- Significant bioscience acquisitions with world-changing potential
with massive revenue expectations
-- Positive changes to operations and financial reporting personnel
-- Improvements to Cash-flow and Balance Sheet
-- Continuing updates on, or announcement of, significant new
acquisitions

About Modern Technology Corp

Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries.

Web Address: http://www.moderntechnologycorp.com

Safe-Harbor Statement

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.



Contact:
Modern Technology Corp
Anthony Welch
601-213-3629