Encore Energy Announces 65% Increase in Quarterly Sales Over Same Period Last Year

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Thu Apr 10, 2008 12:41pm EDT

Encore Energy Announces 65% Increase in Quarterly Sales Over Same Period Last
Year

BRIGHTON, Mich., April 10 /PRNewswire-FirstCall/ -- Encore Energy Systems
(Pink Sheets: ENCS) announced today a 65% increase in sales over the same
period last year.
    Sales for Q1 2007 and Q1 2008 were $219,140 and $361,130 respectively.
    Sales for the American Geothermal arm of Encore are projected to nearly
double and be in excess of $1,400,000.  This figure does not include sales
projections from the Company's other operations and projects.  American
Geothermal has approximately 15 projects in its pipeline with each project
expected to gross between $40,000 to $100,000.
    The Company's sales are not affected by the downtown in the USA mortgage
market as the Company's customers are concentrated in the ultra high-end
market where demand rises in market downtowns.  The demand for the company's
Green solutions is increasing monthly and expected to rise further.
    About Encore Energy
    Encore Energy owns the patents for the use of grey-water, and domestic
water in heat exchanger systems. They also provide all forms of conventional
geothermal heat exchange systems. Learn more at
http://www.encoreenergyinc.com.
    About Modern Technology Corp
    Modern Technology Corp is a specialized acquisition company obtaining
majority control of promising private or public companies for execution of a
'turn-around' strategy and subsequent spin-off.  The company targets
opportunities with undervalued assets or purchasable convertible debt. The
company builds revenues and asset value through a model continuous
growth-by-acquisition. Our income is derived from license and revenue
agreements and the sales of securities obtained from its portfolio holdings.
The company's web address is: http://www.moderntechnologycorp.com
    Safe-Harbor Statement
    This press release contains statements (such as projections regarding
future performance) that are forward-looking statements 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 version of this press release contains
various RISK FACTORS (and are incorporated herein by reference) and should be
read before any investment decision.
     Investor Relations:

     Contact:  Encore Energy Systems, Inc.
               Investor Relations
               1-888-234-0963
               info@encoreenergyinc.com

SOURCE  Encore Energy

Investor Relations of Encore Energy, 1-888-234-0963, info@encoreenergyinc.com
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