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MODC .002 (COMTEX) B: Modern Technology Corp to Acquire Avatron Technology Group Wit
Profitable Revenues Exceeding $32,000,000 ( PR Newsw
B: Modern Technology Corp to Acquire Avatron Technology Group With Profitable Re
enues Exceeding $32,000,000 ( PR Newswire )

OXFORD, Miss., Sept 08, 2008 /PRNewswire-FirstCall via COMTEX/ --
Modern Technology
Corporation (Pink Sheets: MODC) (http://www.moderntechnologycorp.com)
announced today it executed a Letter of Intent to acquire Avatron Technology
Group ("ATG").

ATG is an international technology company consolidator with an emphasis
on expansion into Western and Asian markets. Pro-forma consolidated revenues
exceed $32,000,000 with estimated earnings of 10%. Current MODC Management
will be replaced after a transition period. The transaction includes a
maximum capital raise of $1,000,000 to cover transaction costs and facilitate
growth.

The LOI is subject to customary due-diligence, transaction funding, and
expires 30 September 2008. The Company believes due-diligence/funding
criteria satisfied and will timely publish transaction disclosure and
pro-forma financials. The current date for Definitive Agreements is 15
September 2008. Disclosure information will be published pursuant to
paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule
240.15c2-11.

No reverse or forward split or re-capitalization of the Company's stock
will occur as part of this transaction. MODC has 35,659,484 shares issued
with 150,000,000 authorized.

The transaction is part of previously disclosed plans to divest
unprofitable operations, eliminate debt, and provide strong equity growth.
The Company believes it has substantially achieved its objectives and
continues to execute its plans accordingly.

About Modern Technology Corp

MODC acquires promising technology companies and related assets to promote
their growth and development. The company builds revenues and asset value
through a model of continuous growth and derives income from appreciation of
its portfolio and licensing or revenue-sharing agreements. Web:
http://www.moderntechnologycorp.com.

Safe-Harbor

This press release contains statements (such as projections regarding
future performance) that are forward-looking 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. The
company's web-site and prior SEC filings contain various disclosures and RISK
FACTORS (incorporated herein by reference) and should be read before any
investment decision.
Contact:
Investor Relations
1.954.727.5468

SOURCE Modern Technology Corporation
http://www.moderntechnologycorp.com
Copyright (C) 2008 PR Newswire. All rights reserved
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gonna explode this week: