OXFORD, Miss., March 7, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a business development and acquisition company, announced today that its portfolio company, DeMarco Energy Systems of America (Pink Sheets:DMES) has initiated its plans to acquire energy-related companies. The company's growth by acquisition strategy seeks to consolidate synergistic and revenue enhancing companies into DeMarco and to continuously introduce new energy-related technologies and energy-related products into the marketplace.
Anthony Welch, Chairman of DeMarco Energy added, "We are focusing on acquiring several companies over the coming year. Our plan is to consolidate the operations of several energy technology companies and thereby create an outstanding revenue and growth picture for DeMarco. Not only does this consolidation strategy create a bright revenue picture for us, but it also establishes our platform for introducing promising new technologies and processes to the energy industry."
DeMarco Energy is on a rapid growth and expansion track based upon re-listing its stock on the OTCBB, rapid revenue growth, elimination of debt, marketing its patented geothermal technology, and seeking acquisitions congruent with energy conservation and supporting industries. This strategy lays the groundwork for consistent introduction of energy-related technologies and rapid revenue growth for DeMarco.
About DeMarco Energy Systems of America, Inc.
DeMarco refreshed and expanded its business plan in late 2004 and is presently focusing on energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, providing energy audits, sales of energy related equipment, and the sales and servicing of commercial air filtration devices. DeMarco currently has installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. The Company's primary focus is to provide energy efficient technologies to commercial and institutional markets through the application of the DeMarco Systems' patent, which was originally granted on September 3, 1985, and is known as the Energy Miser System. This unique and patented technology provides heating and air conditioning powered by the thermal properties of managed water systems, which include gray-water, reuse water and potable water systems. DeMarco was granted a second patent in August of 2003 for re-use water and has exclusive rights to the patented technology. The cost of installing this geothermal application is less than half the cost of a normal geothermal installation. This patent has the greatest potential for revenue and profit of any product within DeMarco Energy. For more information, visit the company's web site at: http://www.demarcoenergy.com
About Modern Technology Corp.
Founded in 1982, Modern Technology Corp (OTCBB:MOTG) is a business development and acquisition company, building revenues by strategic acquisitions and subsequent market expansion. MOTG provides infrastructure, intellectual capital, strategic investments, and ongoing support and growth assistance to each company within its portfolio. MOTG provides mentoring and assistance through collective operations experience, significant industry contacts, and strategic and tactical advice. The company's mission is to consistently build shareholder equity through accretive acquisitions, to continue its history of stock and cash dividends, and to create and promote synergistic relationships among portfolio companies and affiliates. In addition to DeMarco Energy Systems, MOTG recently added Sound City, Inc. to its portfolio of companies, and will continue to announce additional acquisitions. MOTG expects the revenues from the Sound City operations and planned acquisition to generate in excess of $25 Million for MOTG for 2005. This figure does not include revenues from MOTG's planned acquisitions through out 2005, expected to be in excess of $50 million. MOTG recently completed a $3.5 million funding transaction which included the acquisition of $1.5 million in new debenture assets and the company plans to release details on its growth and revenue projections for 2005 and its plans for listing its Common Stock on a larger exchange in the future. For more information, visit the company's web site at: http://www.moderntechnologycorp.com.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements 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, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.