Modern Technology Corp adds new portfolio company: Generation H and on track for 2008 revenues exceeding $35,000,000

OXFORD, MS --  Modern Technology Corporation (Pink Sheets: MODC) announced today it added Generation H (GH) to its growing portfolio of promising companies.

The agreement calls for MODC to provide interim management, corporate infrastructure, sales and marketing, and assistance with GH’s public listing and funding goals.

The contract will add $500,000 of income to MODC and a 5% equity share in GH upon completion of its listing on a USA stock exchange.  MODC will receive a portion of GH’s sales under the agreement.

Generation H develops water and hydrogen based fuel systems and power generation technologies.  GH’s target markets include retro-fitting automobile and truck engines with their proprietary hydrogen generator and fuel enhancement technology as well as the production of standalone water and hydrogen fuel based generator units for residential and commercial power creation.   GH’s hydrogen technology can increase any vehicle’s fuel mileage 10% to 80%.

MODC will soon announce new portfolio agreements and additional acquisitions and believes it has substantially achieved its objectives to divest all unprofitable operations, eliminate debt, and provide strong equity growth.

Details of the agreement and other important information will be timely published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 as part the Company’s regular disclosure practices.