Modern Energy Corp (fka MDRG)

[conix]

News on this MDRG shows some future for a sub penny.

I tried to get some at .0002 and got nothing filled.

PRESS RELEASE

MODERN ENERGY CORP ANNOUNCES JOINT VENTURE AGREEMENT WITH PREACHERS COFFEE'S AGRICULTURAL DEVELOPMENT INTEREST IN THE PHILIPPINES

36,103 ACRE PROPERTY TO BE DEVELOPED FOR THE CULTIVATION OF COFFEE AND JATROPHA PLANTS FOR BIODIESEL PRODUCTION

August 14, 2009 - TAMPA, FLORIDA – Preachers Coffee, Inc. (OTC: PRCF and PCIO) and MODERN ENERGY CORP. (Frankfurt: ME2C.F) just completed a Joint Venture Agreement on the Technical Management and Operating Contract of a 36,103 Acres of Agricultural and Forest Land which is under a Community Based Forest Management Agreement (CBFMA) of the Government of the Philippines in partnership with the Manobo Indigenous Community Cooperative in the Philippines.

The Joint Venture Agreement has a 25 Year CBFMA Contract and an indefinite extension since it was appropriated in an Ancestral Domain Land Management for the Manobo Indigenous Communities. The Manobo Indigenous Communities has the Ancestral Domain Rights to the land and their Community Cooperative was for purposes of Agricultural and Forest Management to improve their lives.

The Joint Venture Technical Management and Operating Contract for the 36,103 acres will allow financial assistance and technical management to be provided by Preachers Coffee, Inc. and Modern Energy Corp.

Rubber trees for forest management in addition to Coffee and Jatropha plants are being prepared for planting in the agricultural areas. The Jatropha plant is valued as a very cost effective feedstock for the production of oil used for producing Bio-Diesel.

Chairman of Modern Energy, John Winnick, stated, "The Preachers Coffee, Inc. joint venture with 36,103 acres of prime agricultural land in the Philippines is just one example of the global vision of green energy from Jatropha and cash crops such as coffee to further expand Modern Energy's footprint to the nearly 1,000,000 acres that our company currently controls through our subsidiary, SSRDC. Modern Energy is pursuing a change in business plan to focus on providing Bio-Diesel feedstock for the Asian Pacific Basin and developing the region's economics from a Third World nation to a world class provider of alternative clean energy. This green energy initiative will provide jobs and opportunity for growth on the eighth largest island population on earth and showcase the best of environmental capitalism.”

Chairman and CEO of Preachers Coffee, Inc. (Symbol: PRCF) and its subsidiary (Symbol: PCIO), Nestor C. Buenaflor , said that “This Joint Venture Agreement with Modern Energy Corp. will provide an improvement for the Manobo Tribal Communities. And the positive contribution represented by the cultivation of Jatropha Plants introduced as one of the cash crops for the production of Bio-Diesel offers a stable and sustainable future for our companies and the Manobo Tribal Communities. We are not only cleaning the air because of Forest Management and Bio-Diesel from Jatropha Plant, but we also help lives of poor people in the remote areas of the world by them giving jobs and income”.

CONTACT:

Modern Energy Corp

John Winnick

Phone: [phone]

Email: [e-mail]

CONTACT:

Preachers Coffee, Inc.

NESTOR C. BUENAFLOR

Mobile Phone: [phone]

Email: [e-mail]

DISCLAIMER:

The above statements in regards to Preachers Coffee, Inc. and Modern Energy Corp., which are not purely historical and factual, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Preachers’ and Modern Energy’ beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.