SOURCE: Modern Technology Corp

January 09, 2006 15:10 ET

Modern Technology Corp Subsidiary INmarketing Group Reports 20% Growth for 2005 and Projects Continued Double-Digit Growth for 2006

OXFORD, MS -- (MARKET WIRE) -- January 9, 2006 -- Modern Technology Corp (OTC BB: MOTG) a rapidly growing diversified technology development and acquisition company announced its subsidiary INmarketing Group reports profitable 20% growth for 2005 and expects continued double-digit growth for 2006.

INmarketing Group's 2006 projected growth is based upon its existing clients maintaining or growing their existing programs and the addition of several significant new clients such as The Personal Lines Division of St. Paul Travelers. Travelers researched and interviewed over 100 incentive companies before deciding on the INmarketing Group.

INMarketing Group adds an estimated $11.4 Million in 2005 revenues and a projected additional $14 Million in revenues for 2006. INmarketing Group generated $8.7 Million in revenues in 2004 and generated $5.8 Million in revenues in the first half of 2005.

Anthony Welch, Chairman of Modern, said: "As promised to stockholders, MOTG is experiencing and continues to project strong revenue growth. Our expansion is quick and we look forward to a powerful 2006. INmarketing Group continues to demonstrate the quality and power of their model and their presence in the MOTG portfolio benefits all stockholders. Their numbers clearly indicate rapid growth and momentum."

About Modern Technology Corp

Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: 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.

Contact Information

  • Company Contact:
    Megan Peterson
    1-662-236-5928