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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Modern Technology Corp (CE) | USOTC:MODC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
The Company's operations for Southeast Asia are to meet the current and anticipated demand from regional and national engine and motor vehicle producers.
Additional distribution partners for both consumer and commercial vehicle manufacturers are expected from the company's local presence.
To accommodate U.S. demand, the company is enhancing its sales operations and order processing resources.
The Gen-H system delivers increased fuel economy between 10% and 50% and can significantly reduce or eliminate exhaust emissions. The on-demand hydrogen 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 company will issue updates on the following:
-- Sales projections for 2009 will be announced -- Financial results for 2008 will be announced and posted to the company's web site -- Distributor sign-up and web site support to handle the large volume of customer and distributor inquiries -- New power generation and heat recovery applications for the Gen-H water-as-fuel and hydrogen based fuel systems -- Various international distributors 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 -- New 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: Modern Technology Corp Investor Relations Ph 954.727.5468
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