OXFORD, Mass., June 3, 2009 (GLOBE NEWSWIRE) -- Modern Technology Corporation (Pink Sheets:MODC) announced today it filed its 2009 Q1 Quarterly Report with the OTC Disclosure Service. The Company has subscribed to the service to provide regular disclosure and transparency to investors. The Company has taken this step as part of its effort to reach full current information status. The Company will continue making regular public filings as part of its regular disclosure policies.
The filings may be accessed at: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=MODC
Investors will be further updated on the following:
-- New multi-fuel stationary power generator systems and heat recovery technology -- New product manufacturing and shipping facilities -- New Hydrogen Generator applications for stationary power generation -- Anticipated additional portfolio acquisitions adding revenues of $5-$15 million dollars -- Sales and Distribution agreements for cancer detection system design incorporating significant technology advances with marketing initiatives to pathologists based on revenue sharing models for cancer detection scans
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 website and prior SEC and PinkSheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.