OXFORD, Miss., Dec. 8, 2004 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a business development and acquisition company, announced today that it has been reviewed and featured by The Research Works.
You can view the report at this link: http://www.stocksontheweb.com/motg.pdf
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MOTG continues to execute its strategy of growth through strategic acquisitions, market development and revenue expansion. The MOTG acquisition strategy is based on its Forward Capitalization model that seeks to consistently build market value while simultaneously mitigating, or eliminating, negative dilution of common stock. Modern Technology Corp recently added DeMarco Energy Systems (Pink Sheets:DMES) to its portfolio of companies. MOTG will announce further acquisitions in the coming weeks. Modern Technology Corp. plans to release details on its growth and revenue projections for 2005, expected to be in excess of $75,000,000, and its plans for listing on a larger exchange. MOTG expects revenues for 2004 to exceed $10,000,000 with an additional $5,000,000 under closing.
About Research Works
The Research Works, Inc. ("RW") is an equity research boutique founded in 1992. RW's principal objective is to produce high-quality research reports based on rigorous fundamental analysis of undervalued small-cap stocks. These reports are authored by well-qualified, experienced analysts. RW targets a far-reaching network of risk-oriented investors through a variety of distribution channels. RW's strongest distribution channels are its highly visited web site, large print-and-mail list, and proprietary list of people who have opted in to receive reports by e-mail. RW generally employ a fee-for-coverage model that is designed to minimize the conflicts of interest inherent in most other equity research business models. Clients may make suggestions for changes to the reports, but they have no editorial rights. RW's fees are most often in the form of restricted stocks that cannot be sold until the end of the service period to the client. On October 20, 2004, in consideration for RW's equity research services, including this report, to be performed through December 2, 2005, the Company agreed to pay RW a fee of 250,000 shares of the Company's common stock (restricted). RW is registered as an investment advisor in the State of New Jersey, and Part II of RW's ADV application is displayed at its web site.
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 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.
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.