Modern Technology Corp Begins Shipping Its Gen-H Hydrogen Generators and Injection Systems and Anticipates New Acquisitions and

  Modern Technology Corporation (PINKSHEETS: MODC)
announced today the general availability of its Gen-H On-Demand Hydrogen
Generator.

The Gen-H system delivers increased fuel economy between 10% and 50%, based on the vehicle and driving conditions. The on-demand hydrogen system insures 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. The Gen-H system can be retrofitted to any year or make of vehicle, including large commercial trucks.

The Gen-H range of technologies enable water-as-fuel and hydrogen based fuel systems and related power generation technologies. Target markets include retrofitting internal combustion engines with proprietary hydrogen generator and fuel enhancement technology.

The Company's pro forma revenues for the period ending September 30, 2008 were $24,050,155. Year-End 2008 revenues will be soon released.

MODC has additional profitable portfolio targets under review. Should these acquisitions occur, revenues will be increased another $5-$15 million dollars.

MODC will soon release news on advances its cancer detection technology, new energy-related initiatives, as well as updates on its existing operations.

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 web-site and prior SEC filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.

Contact: Investor Relations 1.954.727.5468