SOURCE: Modern Technology Corp

February 17, 2009 11:36 ET

Modern Technology Corp Announces New Gen-H Hydrogen Injector for RV Vehicles

OXFORD, MS--(Marketwire - February 17, 2009) - Modern Technology Corporation (PINKSHEETS: MODC) announced today its new Gen-H On-Demand Hydrogen Generator for Recreational Vehicles. This newly designed system will be available for orders 1 April 2009.

The Gen-H system delivers increased fuel economy between 10% and 50% and significantly reduces or eliminates RV exhaust emissions.

The Gen-H system will be available for both gasoline and diesel powered RV's of any class and size. The system will be marketed through the company's growing distributor network as well as RV dealerships and repair centers nationwide.

The on-demand hydrogen system insures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine.

The fuel savings realized by the RV should rapidly pay for the system.

New applications for the Gen-H water-as-fuel and hydrogen based fuel systems are under constant development and will be announced accordingly.

Investors can expect timely updates on the following:

--  Distributor sign-up and support web site to handle the large volume of
    customer and distributor inquiries
--  Sales projections for 2009 will be announced
--  Various international distributors for the Gen-H Hydrogen Injector
    System will be announced
--  Additional portfolio acquisitions are under review. Should these
    acquisitions occur, revenues will be increased another $5-$15 million
    dollars
--  The company will announce a new cancer detection system design
    incorporating significant advances in both patient test throughputs and
    cell sample scan speeds
--  New 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
    

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 Information

  • Contact:
    Investor Relations
    1.954.727.5468