SOURCE: Modern Technology Corp

March 07, 2006 11:48 ET

Modern Technology Corp Subsidiary INmarketing Group Reports Record Results

OXFORD, MS -- (MARKET WIRE) -- March 7, 2006 -- Modern Technology Corp (OTC BB: MOTG), a rapidly growing diversified technology development and acquisition company, announced its subsidiary INmarketing Group reports record results for February with nearly $900,000 in revenue.

INmarketing's audited financials were recently filed demonstrating impressive year-on-year growth. The rapid growth continues with a record-breaking month and moves this important subsidiary closer to its projected $14,000,000 in revenue for 2006. INmarketing has an impressive and growing client base. For example, InMarketing Group manages Ever-Sharp Performance -- Sharp Electronics' premier sales incentive program.

Anthony Welch, Chairman of Modern, said: "As promised to stockholders, INmarketing's revenue continues to grow. We anticipate continued strong growth from INmarketing. Their consolidation into the MOTG organization brings us closer to positive earnings for 2006."

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

About INmarketing Group

InMarketing Group, Inc. is revolutionizing the Incentive Industry by applying the speed and flexibility of the Internet to corporate incentive programs. Founded in 1998, INmarketing combines more than 20 years of proven marketing experience with the most powerful Internet program in the industry today. INmarketing creates and administers customized programs specifically designed to motivate and recognize corporate and client personnel for increased business related performances and rewards achievement with selections of merchandise, services and travel opportunities. Web Address: http://www.inmarketinggroup.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.

Modern Technology Corp
1420 North Lamar Blvd., Oxford, MS  38655 USA
Phone: +1.662.236.5928, Fax: +1.662.236.7663
Web:  www.moderntechnologycorp.com
We are a public company trading under the symbol "MOTG" on the OTCBB

Contact Information

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