History:
BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ -- Encore Energy Systems
(Pink Sheets: ENCS) announced today it will be acquired by Modern Technology
Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less
than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or
MODC Convertible Preferred Stock at the stockholders' option. Stockholders are
not required to sell any shares and will not lose their ownership interest in
Encore.
The acquisition of Encore intends to facilitate investment for growth and
build shareholder equity in preparation for a subsequent spin-off or sale of
Encore.
MODC intends to further build Encore's operations, revenue, shareholder
equity, and increase the distribution of its grey-water patent and related
systems.
Encore and MODC are actively communicating with various potential merger
partners to increase stockholder equity through a revenue and asset enhancing
business combination. The companies will release updates on the planned
business combination soon.
Encore Energy or Energy Vision International Stockholders who wish to
redeem their stock or have further questions must email their stockholder
information to shares@encoreenergyinc.com
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic
water in heat exchanger systems. They also provide all forms of conventional
geothermal heat exchange systems. See video at www.encoreenergyinc.com.
About Modern Technology Corp
Modern Technology Corp is a specialized holding company focusing on the
purchase of convertible debt instruments and majority control of public
companies for execution of a 'turn-around' strategy and subsequent spin-off.
The company's web address is: www.moderntechnologycorp.com
