SOURCE: Modern Technology Corp

February 26, 2009 13:44 ET

Modern Technology Corp to Expand Operations Into Southeast Asia for Its Gen-H Hydrogen Generators

OXFORD, MS--(Marketwire - February 26, 2009) - Modern Technology Corporation (PINKSHEETS: MODC) announced today its planned operations for Southeast Asia. The new operations will be located in Hong Kong and product sales routed through local distributor partnerships. Manufacturing and order fulfillment is expected to be provided locally or in mainland China.

The Company's operations for Southeast Asia are to meet the current and anticipated demand from regional and national engine and motor vehicle producers.

Additional distribution partners for both consumer and commercial vehicle manufacturers are expected from the company's local presence.

To accommodate U.S. demand, the company is enhancing its sales operations and order processing resources.

The Gen-H system delivers increased fuel economy between 10% and 50% and can significantly reduce or eliminate exhaust emissions. The on-demand hydrogen 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 company will issue updates on the following:

--  Sales projections for 2009 will be announced
--  Financial results for 2008 will be announced and posted to the
    company's web site
--  Distributor sign-up and web site support to handle the large volume of
    customer and distributor inquiries
--  New power generation and heat recovery applications for the Gen-H
    water-as-fuel and hydrogen based fuel systems
--  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:

    Modern Technology Corp
    Investor Relations
    Ph 954.727.5468