SOURCE: Modern Technology Corp

March 21, 2006 09:00 ET

Modern Technology Corp Subsidiary, Sound City, Adds LG Electronics to Expanding Product Lines

OXFORD, MS -- (MARKET WIRE) -- March 21, 2006 -- Modern Technology Corp (OTC BB: MOTG), a diversified technology development and acquisition company, announced today its subsidiary Sound City added LG Electronics to its line-up of product offerings.

Anthony Welch, Modern Technology Corp's Chairman, said, "Consistent with our model of continuous and rapid growth, we increase our product depth with another strong brand. This addition furthers our market awareness as a provider of quality lines."

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 LG Electronics

LG Electronics is a global force in electronics, information and communications products with 2004 annual sales of US $38 billion (consolidated). With more than 66,000 employees working in 76 subsidiaries in 39 countries around the world, LG Electronics is comprised of four main business companies including Mobile Communications, Digital Appliance, Digital Display, and Digital Media. Web Address: http://www.lge.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

    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