OXFORD, Miss., Feb. 3, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a business development and acquisition company, announced today that its CEO and Chairman, Anthony Welch, who is also Chairman of DeMarco Energy, has been interviewed by Your Money Television. The interview covers the company's progress regarding its current business operations, the status of its existing portfolio companies and its future acquisition policy. Also, the interview provides Mr. Welch's personal insights into Modern Technology Corp's growth. The interview may be accessed at the following link:
With its recent acquisitions, Modern Technology Corp continues to successfully execute its strategy of growth through strategic acquisitions, market development and revenue expansion. The Modern Technology acquisition model seeks to consistently build market value while simultaneously mitigating, or eliminating, negative dilution of common stock. Modern Technology Corp recently added Sound City, Inc., www.soundcity.com, and DeMarco Energy Systems (Other OTC:DMES) to its portfolio of companies, and will continue to announce additional acquisitions. Modern Technology Corp plans to release details on its growth and revenue projections for 2005 and its plans for listing its Common Stock on a larger exchange in the near future.
About Your Money
Your Money is a television show featuring interviews with Wall Street Movers and Shakers. Featured in interviews are senior management of publicly-traded companies traded on the New York Stock Exchange (NYSE), NASDAQ, the American Stock Exchange and other markets, and management of non-US companies traded on non-US stock exchanges. Viewers of Your Money include individual investors as well as Wall Street professionals, including representatives of buy-side and sell-side firms. These members of the financial community include brokers, investment bankers, portfolio and fund managers, representatives of family offices, investment advisors, financial planners and analysts.
About Modern Technology Corp.
Founded in 1982, Oxford, Mississippi-based Modern Technology Corp (MOTG) is a business development and acquisition company, focused on growth by strategic acquisitions and subsequent market and revenue expansion. MOTG provides business infrastructure, substantial intellectual capital, strategic investments, and ongoing support and revenue growth assistance to each individual company within its portfolio. In addition, MOTG provides mentoring and assistance through collective operations experience, significant industry contacts, and strategic and tactical advice. The company's mission is to consistently build shareholder equity through accretive acquisitions, to continue providing both stock and cash dividends to its shareholders, and to create and promote synergistic relationships among portfolio companies and affiliates. For more information, visit the company's web site at: http://www.moderntechnologycorp.com.
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.