Turning Pennies into dollars: (OTC:MODC) Modern Technology Corp
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Modern Technology Corp Experiences Stronger Than Expected Product Demand and Announces Asia Distribution Program for Its Gen-H Hydrogen Generators
(OTC:MODC) Modern Technology Corp.
Modern Technology Corp Experiences Stronger Than Expected Product Demand and Announces Asia Distribution Program for Its Gen-H Hydrogen Generators
Monday January 26, 11:33 am ET
OXFORD, MS-Jan 26, 2009 - Modern Technology Corporation announced recently its Asian Distribution initiative for its Gen-H On-Demand Hydrogen Generators.
The Asian distribution program includes regional and national engine and motor vehicle producers. Distribution agreements will soon be announced for both consumer and commercial vehicle manufacturers and parts suppliers throughout Southeast China, Hong Kong, Taiwan and surrounding regions.
The company will announce each distributor in turn and provide a specialized distributor support team and website for worldwide order entry and tracking of products shipment.
Domestic demand for the company's Gen-H Hydrogen Generator System has been extraordinary and exceeds expectations. The company is adding new operations and order processing resources to accommodate the demand.
The Gen-H system delivers increased fuel economy between 10% and 50% and can significantly reduce or eliminate exhaust emissions. The on-demand hydrogen ensures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine.
New power generation and heat recovery applications for the Gen-H water-as-fuel and hydrogen-based fuel systems are under continuous development and will be announced accordingly.
To inform shareholders regularly on MODC's operational strategy for 2009, press releases can be expected for the following items:
- Pro forma profitable revenues for the period ending September 30, 2008 were $24,050,155. Year-End 2008 revenues will be soon released. - Revenue projections for 2009 will be announced. - In addition to its Asia distribution program, further international distribution agreements for the Gen-H Hydrogen Injector System will be announced. - Additional portfolio acquisitions are under review. Should these acquisitions occur, revenues will be increased another $5-$15 million dollars. - The company will announce a new cancer detection system design incorporating significant advances in both patient test throughputs and cell sample scan speeds. - Details on new distribution, management services and new energy- related initiatives will be released.
About Modern Technology Corp
MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections regarding future performance) that are forward-looking 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. The company's website and prior SEC filings contain various disclosures and RISK FACTORS and should be read before any investment decision.
Contact:
Contact: Investor Relations 1.954.727.5468 Source: Modern Technology Corp
Profile for Modern Technology Corp.
Modern Technology Corporation supports private and public companies in the areas of business development, financing, product development, corporate strategy, corporate image and public relations, product distribution and marketing, and executive management consulting. The company, through its subsidiaries, also distributes audio and video solutions for home and mobile environments, including the HD-TV, Plasma TV, and LCD TV; and creates customized targeted online incentive programs, employee motivation campaigns, service award plans, and customer loyalty programs. The company was founded in 1982 and is based in Oxford, Mississippi. Detailed MODC Company Description...
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