NEWS out....going up today! ;D
Yesterday's news that was out.........
************************************************************************
Press Release Source: Modern Technology Corp
Modern Technology Corp Enters Into Technology Development Agreement With Stitel Networks
Tuesday October 11, 7:48 pm ET
OXFORD, MS--(MARKET WIRE)--Oct 11, 2005 -- Modern Technology Corp (OTC BB:MOTG.OB - News), a rapidly growing diversified technology development and acquisition company, announced it entered into an agreement with Stitel Networks to provide software enhancements, customer training and support for its H-NET software platform.
ADVERTISEMENT
Stitel has been tasked with product support, improvements, and customer training. Of special note is the ability to now provide global sales and support across multiple time-zones and across multiple languages.
The H-NET technology is complete, market-proven, and has a long history of software sales as a dominating force in the Vision Care industry. The H-NET technology has an installed base of approximately 6,500 sites and serves the three largest retail vision care chains in the United States. Companies using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision, Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Anthony Welch, Modern Technology Corp's Chairman, said, "As promised, we are moving ahead rapidly with the commercialization of the H-NET platform. Our model of continuous growth is quite active and the H-NET success is but one example."
The company expects over $20,000,000 in revenues for 2005 without further acquisitions. Additional acquisitions are under consideration that may place revenues over $50,000,000. The company plans to meet its revenue goal of $75,000,000 in 2006 and list its stock on a national exchange.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its ability to successfully consummate the acquisitions under consideration.
In 2004 the company paid a $383,697 cash dividend. In October of 2001, the company paid a stock dividend of 403,000 shares and on June 30, 1999, the company distributed a stock dividend of 403,000 shares as part of a spin-off transaction.
The company intends to pay dividends as appropriate and as part of its anticipated subsidiary spin-off strategy. As the company's subsidiaries mature, a public spin-off transaction will be considered. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as the stock paid to them as part of the spin-off transactions.
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
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:
Company Contact:
Megan Peterson
1-662-236-5928
--------------------------------------------------------------------------------
Source: Modern Technology Corp
We have a move to the up side going on.....
*************************************************
MODERN TECH CORP (OTC BB:MOTG.OB) Delayed quote data
Last Trade: 0.055
Trade Time: 10:02AM ET
Change: 0.019 (52.78%)
Prev Close: 0.036
Open: 0.039
Bid: 0.054 x 5000
Ask: 0.055 x 5000
1y Target Est: N/A
Day's Range: 0.039 - 0.055
52wk Range: N/A
Volume: 1,097,850
Avg Vol (3m): N/A
Market Cap: 829.02K
P/E (ttm): N/A
EPS (ttm): -0.049
Div & Yield: N/A (N/A)
Well...tried to get in at the ask several times near EOD, but bid just would not go thru!!!
Very upset! Tried when it was still asking at .057...but, no...completely refused my demand for shares...the nerve >:(
Looks like a gapper tomorrow...and i am shareless...very sad.
good luck to all holders!
julia
Hi !
;D
(//)
Good luck.
Evgeny.
News out just before close
MODERN TECHNOLOGY CORP Quick Quote: MOTG
Modern Technology Corp Issues Update on Annual Report and New Acquisitions
10/17/05 3:54pm
OXFORD, MS, Oct 17, 2005 (MARKET WIRE via COMTEX) --
Modern Technology Corp. (OTC BB: MOTG) a diversified technology development and acquisition company announced today it will be a day or so late in filing its Form 10K-SB. The delay could not be avoided due to the massive new accounting issues faced from MOTG's recent activities.
The company anticipates revenues to be inline with management expectations and the company reiterated its revenue projections for 2005.
The company previously scheduled the Closing of the InMarketing Group, Inc. for October 15th, 2005. The Closing of this acquisition is still underway and anticipates completing the Closing shortly after final review of all Definitive Agreements among the parties. This acquisition adds 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 generated a profitable $5.8 Million in the first half of 2005.
Anthony Welch, Modern Technology Corp.'s Chairman, said, "Our Form 10K will be slightly late. However, it will be filed within the next day or so and the numbers will be inline with our expectations. We believe our retail sector to generate anywhere between $8 million and $11 million for calendar 2005 based on a strong selling season and the new expanded operations. We are coming into the busiest season when most sales are made. Our new acquisition under closing will add another $11,000,000 in profitable revenues for calendar 2005. From these subsidiaries alone, we will have revenues projected to be in excess of $20,000,000 for calendar 2005. These revenue projections do not include any of the other acquisitions we are working on now. It must be further noted that we have acquisition under consideration may propel the company beyond 50,000,000 for 2005."
The company's subsidiary, Sound City (www.soundcity.com), is in the process of expanding its retail footprint and continues to add product lines. Sound City anticipates a strong retail selling season. InMarketing Group is expected to continue its strong year-on-year growth and profitability. The company expects ongoing synergy-based cost reductions as well as increased revenue growth resulting from the synergies between the subsidiaries.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its 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.
In at 0.05 and bought more at 0.06. Its been consolidating over the last 3 days. Rumors of a acquisition, stock dividend etc on RB. Keep it on your watchlist.
Don't see any news, but MOTG got the E added. Late submissions I presume!.
Good Trading All!
uc
Hi usedcasting...actuallly there were two n/r's out yesterday, but not relating to the ;E' addition:
2005-10-18 12:13:15
Modern Technology Corp Announces Medical Industry Initiative With H-NET Technology
OXFORD, MS -- (MARKET WIRE) -- 10/18/05 -- Modern Technology Corp (OTC BB: MOTG) a rapidly
growing diversified technology development and acquisition company
announced it intends to expand its H-NET software technology to service the
broader medical industry. After careful technical analysis, the company
determined the present technology platform can be modified and adapted to a
larger market segment of the medical industry beyond Vision Care.
The company recently entered into an technology support agreement to
provide product support and improvements. A marketing and sales team is
currently promoting the platform to the optical industry.
The H-NET technology is complete, market-proven, and has a long history of
software sales as a dominating force in the Vision Care industry. The H-NET
technology has an installed base of approximately 6,500 sites and serves
the three largest retail vision care chains in the United States. Companies
using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision,
Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's
Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica
Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Anthony Welch, Modern Technology Corp's Chairman said, "Our efforts to
commercialize this technology asset continues. We are enthusiastic about
broadening the scope of the H-NET technology to embrace a broader market.
The platform from which we have to work is substantial and sophisticated.
The H-NET subsidiary is an example of the type of company we hope to one
day spin-off as its own public company and pay a dividend. We have paid
three dividends already."
The company projects over $20,000,000 in revenues for 2005 without further
acquisitions. The company projects strong retail revenues both from the
prime selling season and the expanded retail footprint. Most of the
company's retail revenues will be realized in the last quarter of calendar
2005. The company's new acquisition, InMarketing, will add another $11
Million in profitable revenues. This new acquisition is under closing now
and is expected to close once final review of documents is complete.
Additional acquisitions are under consideration that may place revenues
over $50,000,000. The company plans to meet its revenue goal of
$75,000,000 in 2006 and list its stock on a national exchange.
In 2004 the company paid a $383,697 cash dividend. In October of 2001, it
paid a stock dividend of 403,000 shares and on June 30, 1999, it
distributed a stock dividend of 403,000 shares as part of a spin-off
transaction.
The company intends to pay dividends as appropriate and as part of its
anticipated subsidiary spin-off strategy. The company's long-term plan is
for stockholders to realize strong capital appreciation from their MOTG
stock as well as new stock paid to them as part of the spin-off
transactions.
This guidance is the company's best, good faith estimate based on current
conditions and numerous assumptions about the company's industry, its
access to financing, the competitive and regulatory landscape and its
ability to successfully consummate the acquisitions under consideration.
And this one yesterday late afternoon:
2005-10-18 15:20:34
Modern Technology Corp Announces Launch of Its Energy Conservation and Alternative Energy Initiative Through Alliance W
OXFORD, MS -- (MARKET WIRE) -- 10/18/05 -- Modern Technology Corp (OTC BB: MOTG) a rapidly
growing diversified technology development and acquisition company
announced it has launched its Energy Conservation initiative. The Energy
Conservation and Alternative Energy sectors have been of key interest to
MOTG since it expanded its business plan in Q1 2004. The company now
begins its entry into these planned sectors. The company intends to
develop a worldwide distribution network of geothermal and other
alternative energy sales channels and pursue energy conservation and
alternative energy technologies.
The company has been working with DeMarco Energy Systems for the prior
several months to develop an international plan of distribution and sales
for a variety of energy conservation and alternative energy technologies,
including the patented geothermal heating/cooling system.
This new initiative will result in new revenues and exposure for both MOTG
and DeMarco Energy. MOTG will provide executive consulting, marketing
support, business infrastructure and related services. In addition to
business support services, MOTG will acquire new energy-related
technologies and make them available to DeMarco energy for
commercialization as appropriate.
Anthony Welch, Modern Technology Corp's Chairman said, "This new initiative
marks the beginning of our planned entry into the Energy Conservation
marketplace and our entry into alternative energy technologies. We look
forward to a global presence and the continuing development and acquisition
of key energy-related technologies. The timing for energy conservation
could not be better. We have alternative energy technology presently under
consideration from our alliance with UTEK corporation, in fact."
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 DeMarco Energy Systems
DeMarco Energy Systems (OTC: DMES) expanded its business plan in 2004 to
include energy-related acquisitions, marketing its patented geothermal
water-air heating/cooling systems, sales of energy conservation solutions.
The company has geothermal installations in Oregon, Pennsylvania,
Washington, Montana, South Dakota, Mississippi, California and Texas. EVI's
primary focus is to provide energy efficient technologies to commercial and
institutional markets through the application of the DeMarco 'Systems'
patents and other acquired technologies. For more information, visit the
company's web site at: http://www.demarcoenergy.com.
Here's the information on the 'E'. Stating the 10K is late.
Press Release Source: Modern Technology Corp.
Modern Technology Corp Issues Update on Annual Report and New Acquisitions
Monday October 17, 3:54 pm ET
OXFORD, MS--(MARKET WIRE)--Oct 17, 2005 -- Modern Technology Corp. (OTC BB:MOTG.OB - News) a diversified technology development and acquisition company announced today it will be a day or so late in filing its Form 10K-SB. The delay could not be avoided due to the massive new accounting issues faced from MOTG's recent activities.
The company anticipates revenues to be inline with management expectations and the company reiterated its revenue projections for 2005.
The company previously scheduled the Closing of the InMarketing Group, Inc. for October 15th, 2005. The Closing of this acquisition is still underway and anticipates completing the Closing shortly after final review of all Definitive Agreements among the parties. This acquisition adds 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 generated a profitable $5.8 Million in the first half of 2005.
Anthony Welch, Modern Technology Corp.'s Chairman, said, "Our Form 10K will be slightly late. However, it will be filed within the next day or so and the numbers will be inline with our expectations. We believe our retail sector to generate anywhere between $8 million and $11 million for calendar 2005 based on a strong selling season and the new expanded operations. We are coming into the busiest season when most sales are made. Our new acquisition under closing will add another $11,000,000 in profitable revenues for calendar 2005. From these subsidiaries alone, we will have revenues projected to be in excess of $20,000,000 for calendar 2005. These revenue projections do not include any of the other acquisitions we are working on now. It must be further noted that we have acquisition under consideration may propel the company beyond 50,000,000 for 2005."
The company's subsidiary, Sound City (www.soundcity.com), is in the process of expanding its retail footprint and continues to add product lines. Sound City anticipates a strong retail selling season. InMarketing Group is expected to continue its strong year-on-year growth and profitability. The company expects ongoing synergy-based cost reductions as well as increased revenue growth resulting from the synergies between the subsidiaries.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its 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.
hi guys I'm in on MOTGE.ob too :)
I called investor relations at Modern Technology Corp and spoke with a lady, Rebecca I think, and I asked her about when earnings would be released. She told me that she didn't know when but that she would think before the weekend hits.
I do feel confident that earnings will be out before the weekend and I think when the earnings do come out this stock will pop. Are you guys playing this one for earnings as well?
8) rock and roll
Not in at the moment, but any good news and it will go up fast....are you sure earnings will be good news? ;D It could easily double fast IF it's good news. ;D
chart for us MOTGE traders and potential traders
what it shows to me is that this is a great buy point with support underneath.. we just need to break out of the channel, hit the G-spot and blastoff, and ring the cash register, theoretically
My take on MOTGE...
Quote from: calven on October 20, 2005, 11:39:54 AM
My take on MOTGE...
thanks for the chart Calven 8) I like that target level ;)
here is an updated chart.. we got a lil penant/flag/channel/doohickey breakout but with lil volume participation so far. Lets see if this can get hot during the day. ;D >:D
hmm this guy is movin ;) the financials were released:
http://finance.yahoo.com/q/is?s=MOTGE.OB
not sure how to read that.. um I'm not a fundamental guy but I see revenue up 153.1 times?
They ended up with a loss but revenue way up.. WAY UP :o
thats good right? hehe bout to make a new high rock and roll 8)
I'm in the this one from .053... would like to see more volume. Looks like its starting to come. Looking to sell just over .10 :o Probably not going to get that with this news though...
My take on the balance sheet -
PERIOD ENDING 31-Mar-05 31-Dec-04 30-Sep-04
Total Revenue 1,531 10 7
Cost of Revenue 1,030 8 6
Gross Profit 500 2 1
Selling G & A 794 87 13
Yes, revenue is up tremendously...the only problem is that the cost of the revenue is also up respectively. This is somewhat negative. It basically means that they have "low margins." Selling general and administrative expenses were pathetic to say the least. In a sense they are basically spending $3.00 to get $2.00
Revenue was impressive though, hope the market look at that and forgets the other figures. Monday will certainly be the turning point here.
Excellent results. MOTGE will be back as MOTG now that the 10k is filed.
Press Release Source: Modern Technology Corp
Modern Technology Corp Announces Positive 12 Month Results and Issues Guidance
Thursday November 10, 4:00 pm ET
OXFORD, MS--(MARKET WIRE)--Nov 10, 2005 -- Modern Technology Corp (OTC BB:MOTGE.OB - News) a diversified technology development and acquisition company announced today year-end June 20, 2005 pro forma revenues of $12,242,487. (Form 10K-SB, Financial Statements, Note 20)
The company reports $6,861,170 in Assets and positive Stockholder Equity. The company's expenses have been large due in part to interest expense and the extraordinary initial costs associated with acquisitions. The company's current growth pattern anticipates positive Earnings-Per-Share within the coming year.
We had 6-month revenues for the year ended June 30, 2005 of $3,078,145. Because of SEC accounting rules, these six-month revenues include only the revenues from the actual date of acquisition of Sound City and stockholders are reminded the majority of Sound City's revenues will be generated in the latter part of 2005 during the busiest sales season. With the opening of this subsidiary's new location, we expect revenue to be in line with expectations.
Anthony Welch, Modern Technology Corp's Chairman, said, "As you can see, our growth is rapid and we gain momentum with each passing day. With our current candidates for new acquisitions and internal growth from operations, we feel confident in our ability to deliver outstanding results for 2005. As we acquire and grow, we consistently improve margins through eliminating cost redundancies and therefore increase earnings with each passing quarter. We are rapidly approaching our long-term goals of a true economy-of-scale operation."
The company previously announced its acquisition of InMarketing Group, Inc. The Closing of this acquisition is in its final stages and is expected to be announced formally in the very near future with full disclosure filings for financial results. This acquisition adds 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 generated a profitable $5.8 Million in the first half of 2005.
The company exceeded its 2004 projections for year-end assets of $4,000,000 and revenues of $10,000,000.
The company's current revenue projections for 2005 year-end are expected to be in excess of $20,000,000. This projection does not include other acquisitions under consideration. It must be noted that we have transactions under consideration may propel the company beyond $50,000,000 for 2005.
Continuing Growth:
In June 2005 the company announced a strategic alliance agreement with UTEK Corporation. This alliance provides the company with nascent, market-ready technologies. The company intends to commercialize them through its existing sales and distribution channels. The company has market-ready technology already under consideration for immediate acquisition. The company projects significant revenues from these technologies.
The company's subsidiary Sound City (www.soundcity.com), is doubling its retail footprint and continues to add product lines. InMarketing Group is expected to continue its strong year-on-year growth and profitability. The company expects ongoing synergy-based cost reductions as well as increased revenue growth resulting from the synergies between the subsidiaries.
Planned National Exchange Listing:
The company intends to list on a national exchange. The company anticipates listing its stock on a national exchange concurrently with meeting the qualification criteria or through a strategic acquisition of a qualifying company. The company expects to meet this goal within the next 12 months, or sooner.
Stockholder Dividends:
In 2004 the company declared and paid a $383,697 cash dividend. In October of 2001, the company declared and paid a stock dividend of 403,000 shares and on June 30, 1999, the company distributed a stock dividend of 403,000 shares as part of a spin-off transaction.
The company intends to pay dividends as appropriate and as part of its anticipated subsidiary spin-off strategy. As the company's subsidiaries mature and grow, a public spin-off transaction will be considered. Each stockholder in MOTG would receive stock in the new public spin-off company in addition to stock they already own in MOTG. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as the stock paid to them as part of the spin-off transactions.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its 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.
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:
Company Contact:
Megan Peterson
1-662.236.5928
Press Release Source: Modern Technology Corp
Modern Technology Corp Announces Update on Strategic Initiatives and Projected Revenues
Tuesday November 15, 12:15 pm ET
OXFORD, MS--(MARKET WIRE)--Nov 15, 2005 -- Modern Technology Corp (OTC BB:MOTGE.OB - News) a rapidly growing diversified technology development and acquisition company, announced the current status on its various strategic initiatives and a synopsis of its revenue expectations for 2005. The strategic initiatives include the company's internal projects relating to developing new revenues from its acquired technologies.
ADVERTISEMENT
2005 Revenues Expectations
Our newest acquisition, InMarketing Group, is under closing now and is expected to add $11,000,000 in profitable revenues. Our other subsidiaries and current sales expectations will likely bring our internal revenue totals around $20,000,000. We have transactions underway now that, if completed, will catapult revenues over $50,000,000 for 2005 and will likely allow us to list the company on a national exchange as a result of the transaction.
New Technology Acquisitions
In June 2005 the company announced a strategic alliance agreement with UTEK Corporation. This alliance provides the company with nascent, market-ready technologies. The company intends to commercialize them through its existing sales and distribution channels. The company has market-ready technology already under consideration for immediate acquisition. The company projects significant revenues from these technologies. Of particular note are technologies relating to energy conservation. MOTG has new energy-related technologies under consideration now in order to bring them to market.
Commercialization of H-NET technology
We have installed both developers and support teams. Sales and Marketing activities have begun and we expect to see growing momentum in both market exposure and subsequent sales.
The H-NET technology is complete, market-proven, and has a long history of software sales as a dominating force in the Vision Care industry. The H-NET technology has an installed base of approximately 6,500 sites and serves the three largest retail Vision Care chains in the United States. Companies using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision, Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Energy Conservation Initiative
International Sales and Marketing of DeMarco Energy Systems
The Energy Conservation and Alternative Energy sectors are rapidly growing sectors in which MOTG has a significant stake through its relationship with DeMarco Energy Systems of America, Inc. (Other OTC:DMES.PK - News) We have made progress in establishing our worldwide distribution network of geothermal and alternative energy sales channels. We expect to release details of these new international operations in the very near future.
This new energy initiative will result in new revenues and exposure for both MOTG and DeMarco Energy. MOTG provides executive consulting, marketing support, business infrastructure and related services while DeMarco Energy provides its patented geo-thermal solutions. MOTG intends to acquire additional energy-related technologies and make them available to DeMarco energy for commercialization as appropriate.
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
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:
Company Contact:
Megan Peterson
1-662-236-5928
Anyone on this. Gapper.
Modern Technology Corp Acquires INmarketing Group Adding a Projected $11,500,000 to 2005 Revenues
Tuesday December 20, 3:58 pm ET
OXFORD, MS--(MARKET WIRE)--Dec 20, 2005 -- Modern Technology Corp (OTC BB:MOTG.OB - News), a diversified technology development and acquisition company announced today it has acquired 51% of INmarketing Group, Inc. This new subsidiary adds an estimated $11.5 Million in 2005 revenues and a projected additional $14 Million in revenues for 2006. INmarketing Group generated $8.7 Million in revenues in 2004 and generated $5.8 Million in revenues in the first half of 2005.
Anthony Welch, Modern Technology Corp's Chairman said, "As promised to stockholders in prior updates, we now deliver. This is a superb addition to our portfolio and complements our strategy of continuous growth."
David J. Weiss and Andrew Perlmutter, Founders of INmarketing Group said, "We 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 will create new value and continue leading the Online Incentive Industry."
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.
Up 0.018. 35% !!!
Some good news out after hours, may have an effect...though there was news out yesterday as well that didn't help the pps..but...lets watch tomorrow. :)
Also, here is the link to previous headlines, like yesterdays :)
http://www.pinksheets.com/quote/news.jsp?symbol=motg
Modern Technology Corp Subsidiary Sound City Announces TGI Friday's as Important New Customer
OXFORD, MS, Feb 01, 2006 (MARKET WIRE via COMTEX) -- Modern Technology Corp (OTC BB: MOTG), a rapidly growing diversified technology development and acquisition company, announced its subsidiary Sound City (www.soundcity.com) has secured an agreement to supply 18 TGI Friday's restaurant locations throughout the New York metropolitan area. Each location will purchase approximately between 15 and 20 plasma/LCD TVs and related audio-video equipment units. Sound City will also professionally install the equipment.
"This new customer is a major restaurant chain in America and we are pleased to have them as a customer. We are well on our way to a strong 2006," said Anthony Welch, Chairman of Modern Technology Corp.
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 TGI Friday's
Carlson Restaurants Worldwide Inc., the parent company of TGI Friday's Inc., is a privately held company owned by Minneapolis-based Carlson Companies, a world leader in the hospitality, travel and marketing industries. As of November 10, 2005, Carlson Restaurants Worldwide operates, franchises and licenses more than 899 restaurants in 54 countries, including T.G.I. Friday's(R), Friday's Front Row(R) Sports Grill and Friday's American Bar(R). For more information, visit www.fridays.com.
Safe-Harbor Statement