Modern Technology Corp. Launches European Operations

Modern Technology Corp. Launches European Operations 


OXFORD, Miss., Aug. 26  /PRNewswire-FirstCall/ -- Modern Technology Corp.
announced today it has initiated business development activities in Europe
through its newly hired managing director for international business, Mr. Colin
Inker.

"We welcome Mr. Inker's vast professional experience and the extensive
relationships he maintains throughout Europe and the Middle East," said Modern
Technology Corp chairman.  "Mr. Inker delivers significant value through his
representation of our interests on the international landscape.  His directive
is to further our growth-by-acquisition strategy as well as create new revenue
producing opportunities for our growing portfolio of companies throughout the
world.  His efforts have already resulted in opportunities for us that we
expect to announce soon."

Mr. Inker said: "I'm pleased to join the company and expect a tremendous future
with them.  Their growth model and their Forward Capitalization method of
acquisition are both superb. The Modern Technologies concept represents a
secure platform and excellent marketing vehicle for companies with growth
potential. We have several opportunities to pursue immediately and in fact,
finalizing the first acquisition now."

The company is finalizing its negotiations with several significant
acquisitions and expects to announce these transactions in the very near
future.  Modern Technology Corp recently added DeMarco Energy Systems
(PinkSheets: DMES) to its portfolio of companies, and expects to acquire
numerous other companies and technologies in the coming year.

In addition, the company expects to release details on its unique,
shareholder-equity preserving "Forward Capitalization" acquisition and finance
model as well as its revenue projections, expected asset growth, and overall
acquisition strategy in the coming weeks.

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/

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:
   Anthony Welch
   662-236-5928


DATASOURCE: Modern Technology Corp.



CONTACT:  Anthony Welch of Modern Technology Corp., [phone]



Web site:  http://www.moderntechnologycorp.com/

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