Modern Technology Corp releases earnings report for year-end 2008 of $28,662,037 in sales, $807,528 Gross Profit and Net Income of $5,768,884.

OXFORD, MS --  Modern Technology Corporation (Pink Sheets: 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 effected 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 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.

    February 26, 2009 - Modern Technology Corp to expand operations into Southeast Asia for its Gen-H Hydrogen Generators

Modern Technology Corporation announced today its planned operations for Southeast Asia.  The new operations will be located in Hong Kong and product sales routed through local distributor partnerships.  Manufacturing and order fulfillment is expected to be provided locally or in mainland China.   

The Company’s operations for Southeast Asia are to meet the current and anticipated demand from regional and national engine and motor vehicle producers. 

   February 17, 2009 -  Modern Technology Corp announces new Gen-H Hydrogen Injector for RV Vehicles.

Modern Technology Corporation announced today its new Gen-H On-Demand Hydrogen Generator for Recreational Vehicles.  This newly designed system will be available for orders 1 April 2009. 

The Gen-H system delivers increased fuel economy between 10% and 50% and significantly reduces or eliminates RV exhaust emissions.

The Gen-H system will be available for both gasoline and diesel powered RV’s of any class and size.  The system will be marketed through the company’s growing distributor network as well as RV dealerships and repair centers nationwide.

 January 26, 2009 - Modern Technology Corp experiences stronger than expected product demand and announces Asia Distribution Program for its Gen-H Hydrogen Generators.

Modern Technology Corporation (Pink Sheets: MODC) announced today its Asian Distribution initiative for its Gen-H On-Demand Hydrogen Generators. 

The Asian distribution program includes regional and national engine and motor vehicle producers.  Distribution agreements will soon be announced for both consumer and commercial vehicle manufacturers and parts suppliers throughout Southeast China, Hong Kong, Taiwan and surrounding regions.