Modern Technology Corp Releases Earnings Report for Year-End 2008 of $28,662,037 in Sales, $807,528 Gross Profit and Net Income

  Modern Technology Corporation (PINKSHEETS: MODC)
announced today it released its financial results for the year-end period
ending December 31, 2008.

The company's revenues for 2008 were $28,662,037 and Gross Profit of $807,528 and Net Income of $5,768,884.

The complete report can viewed online at:

http://www.moderntechnologycorp.com/2008-12-31-MODC.PDF

The company's gross revenues and net profits are lower than anticipated due to the downturn in the worldwide economy. All sectors are affected including and notably electronics and distribution.

The company believes its new products and technology, particularly its hydrogen generator systems, and acquisitions under review will facilitate continued strong revenue growth in 2009.

The company will soon issue updates on the following:

--  2009 Revenue projections will be announced.
--  New applications and models for the Gen-H Hydrogen Injector System
    will be announced.
--  Distributor sign-up and support web site to handle the large volume of
    customer and distributor inquiries.
--  Anticipated additional portfolio acquisitions adding revenues of $5-
    $15 million dollars.
--  Sales and Distribution agreements for cancer detection system design
    incorporating significant technology advances.
--  Marketing initiatives to pathologists based on revenue sharing models
    for cancer detection scans.
--  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 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