Modern Technology Corp. to Acquire INmarketing Group with $11 Million Projected Revenues for 2005 and with Projected Additional $13 Million in 2006


OXFORD, Miss., Aug. 15, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a diversified technology development and acquisition company, announced today it has entered into a Letter of Intent to acquire INmarketing Group, Inc. Upon completion of due diligence and the subsequent execution of the definitive agreement, a new operating subsidiary will be created to add an estimated $11 Million in 2005 profitable revenues and a projected additional $13 Million in profitable revenues for 2006. INmarketing Group generated $8.7 Million in profitable revenues in 2004 and has generated $5.8 Million in the first half of 2005.

Anthony Welch, Modern Technology Corp.'s Chairman, said, "As promised to stockholders, this new acquisition brings us in range of our mid-year annualized revenue goals of $25 Million. Our pro forma revenues for 2004 will increase to approximately $18,000,000. We met and exceeded our 2004 goals by delivering to stockholders revenues of $10,000,000 and current assets of $7,000,000. We now add another projected $11 Million to 2005 revenues. INmarketing Group has consistently produced outstanding year-on-year growth and profitability. We expect this new acquisition to be a strong addition to our platform. INmarketing Group is a tremendous addition to the MOTG family of companies and creates strong synergy and cross-marketing potential with our other holdings."

David J. Weiss, President of INmarketing Group, said, "I look forward to working with Modern Technology Corp. and its family of companies to provide our loyal clients both the technological and pricing advantage they deserve. By expanding our distribution and integrating our systems we assure once again that INmarketing Group remains ahead of the curve when it comes to leading the Online Incentive Industry."

MOTG has other acquisitions in its pipeline that can easily take revenues beyond $50,000,000. The company will release news on these acquisitions as they occur. As always, the company cautions readers that this guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the industry, access to financing, the competitive and regulatory landscape and the ability to successfully consummate the acquisitions under consideration.

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.

About INmarketing Group

INmarketing Group creates customized targeted online incentive programs, employee motivation campaigns, service award plans and customer loyalty programs. As one of the first Online Incentive Marketing companies, INmarketing Group is in a unique position to leverage the newest technology and deliver dynamic, cost effective programs. INmarketing was conceived to design and develop the very best solutions to efficiently meet client objectives no matter how demanding. For more information, visit: 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.


            

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