Modern Technology Corp. Announces National Marketing Campaign And New Product Line

National exposure to begin in September and new product line added to Reliant Distributing


OXFORD, Miss., July 21, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a rapidly growing diversified technology development and acquisition company, announced today its plans for a national marketing campaign for its subsidiary, Sound City, in Sound & Vision magazine.

Also announced today: The company has added Stinger-aamp to Reliant Distributing's rapidly growing operations. Stinger is a manufacturer of both power and speaker wire, interconnects, batteries and alternators for car audio applications -- www.stinger-aamp.com .

The Company will initiate a national marketing and awareness campaign with Sound & Vision magazine. Sound & Vision is the preeminent source for consumers of home theater, audio, video and multimedia products. Sound & Vision is at the forefront of the ever-changing, always dynamic world of electronic entertainment -- www.soundandvisionmag.com .

Anthony Welch, Modern Technology Corp.'s Chairman said, "Every week, we add new products and increase our marketing efforts as part of our revenue goals for the company. We recently announced new product additions and the completion of the H-NET (www.h-net.net) acquisition and we will release further news on our current acquisitions under LOI in the very near future. We are moving fast and stockholders will continue to see the results they have come to expect."

With completed transactions and the anticipated closing of ones under consideration, the Company expects 2005 revenue of between $25 million and $50 million. With transactions under consideration for the second half of 2005, the Company expects 2005 revenue could be between $50 million and $75 million. The Company cautions that this guidance is its best, good faith estimate based on current conditions and numerous assumptions about the industry, access to financing, the competitive and regulatory landscape and the Company's ability to successfully complete the acquisitions.

Modern Technology Corp. acquires key technologies and synergistic companies creating revenue and cost benefit from the introduction of both nascent and pre-existing products and technologies. MOTG creates growing shareholder equity supported by stable, strong revenues and assets. MOTG has declared both stock and cash dividends with its most recent cash dividend paid in March of 2004. To enhance investor awareness and promote institutional participation, MOTG intends to apply for a listing on a larger stock exchange as soon as is practicable.

About Modern Technology Corp.

Founded in 1982, Modern Technology Corp. is a diversified technology development and acquisition company, building revenues by strategic acquisition and commercialization of nascent commercial technology and by the acquisition of synergistic operating companies. MOTG commercializes technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to consistently build shareholder value through accretive acquisitions of emerging technology or acquiring operating companies capable of benefiting from technology infrastructure enhancements or new product lines. For more information, visit: 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 Data