Got Pennies

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XFORD, MS, Mar 23, 2009 (MARKET WIRE via COMTEX) -- Modern Technology Corporation (PINKSHEETS: MODC) announced today it released its financial results for the year-end period ending December 31, 2008.
The company's revenues for 2008 were $28,662,037 and Gross Profit of $807,528 and Net Income of $5,768,884.

The complete report can viewed online at:

http://www.moderntechnologycorp.com/2008-12-31-MODC.PDF

The company's gross revenues and net profits are lower than anticipated due to the downturn in the worldwide economy. All sectors are affected including and notably electronics and distribution.

The company believes its new products and technology, particularly its hydrogen generator systems, and acquisitions under review will facilitate continued strong revenue growth in 2009.

The company will soon issue updates on the following:

-- 2009 Revenue projections will be announced.
-- New applications and models for the Gen-H Hydrogen Injector System
will be announced.
-- Distributor sign-up and support web site to handle the large volume of
customer and distributor inquiries.
-- Anticipated additional portfolio acquisitions adding revenues of $5-
$15 million dollars.
-- Sales and Distribution agreements for cancer detection system design
incorporating significant technology advances.
-- Marketing initiatives to pathologists based on revenue sharing models
for cancer detection scans.
-- Details on new distribution, management services and new energy-
related initiatives will be released.