Replies to post #840 on Modern Technology Cp (MODC)

[Blind Bus Driver]

This PR seems to be having a good affect on the stock price.

PPS now up 284% on 470K shares traded.

Would it be too much to hope for some follow thru and an actual deal being consummated?

PR says: "MODC will post full summary and consolidated financials on or about 25 September 2008."

That's certainly worth waiting for.

bbd

[phildirt]

MODC news!

Modern Technology Corp Adds New Portfolio Company: Generation H and On Track for 2008 Revenues Exceeding $35,000,000
Tuesday September 23, 11:13 am ET


OXFORD, Miss., Sept. 23 /PRNewswire-FirstCall/-- Modern Technology Corporation (Pink Sheets: MODC - News) announced today it added Generation H (GH) to its growing portfolio of promising companies.

The agreement calls for MODC to provide interim management, corporate infrastructure, sales and marketing, and assistance with GH's public listing and funding goals.

The contract will add $500,000 of income to MODC and a 5% equity share in GH upon completion of its listing on a USA stock exchange. MODC will receive a portion of GH's sales under the agreement.

Generation H develops water and hydrogen based fuel systems and power generation technologies. GH's target markets include retro-fitting automobile and truck engines with their proprietary hydrogen generator and fuel enhancement technology as well as the production of standalone water and hydrogen fuel based generator units for residential and commercial power creation. GH's hydrogen technology can increase any vehicle's fuel mileage 10% to 80%.

MODC will soon announce new portfolio agreements and additional acquisitions and believes it has substantially achieved its objectives to divest all unprofitable operations, eliminate debt, and provide strong equity growth.

Details of the agreement and other important information will be timely published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 as part of the Company's regular disclosure practices.

About Modern Technology Corp

MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further 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

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Source: Modern Technology Corp