OXFORD, Miss., Sept. 29 /PRNewswire-FirstCall/ -- Modern Technology Corporation (Pink Sheets: MODC) announced today it acquired Avatron Technology Group ("ATG"). ATG reports over $32,000,000 in projected sales with net earnings of approximately 12%. MODC will supply interim management and corporate services such as sales and marketing, web site designs, and obtaining USA and European based distribution for its products. Financials and Transaction Disclosure information will be timely published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 ATG is an international technology company consolidator with an emphasis on expansion into Western and Asian markets. Pro-forma consolidated revenues exceed $32,000,000 with estimated earnings of 10%. (http://www.avatrontechnology.com/) This new addition has returned the company to pro forma net earnings and positive shareholder equity. MODC recently added Generation H to its portfolio providing another $500,000 in income for the company. Generation H develops water and hydrogen based fuel systems and power generation technologies featuring a proprietary hydrogen generator. The company also provides fuel enhancement technology as well as the production of standalone water and hydrogen fuel based generator units for residential and commercial power creation. MODC has additional profitable acquisitions under review. Should these acquisitions occur, revenues will be increased another $5-$15 million dollars. 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 DATASOURCE: Modern Technology Corporation CONTACT: Investor Relations of Modern Technology Corporation, +1-954-727-5468 Web site: http://www.moderntechnologycorp.com/

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