Modern Technology Corp Announces 65% Increase in Quarterly Sales Over Same Period...

Modern Technology Corp Announces 65% Increase in Quarterly Sales Over Same
Period Last Year

OXFORD, Miss., April 10 /PRNewswire-FirstCall/ -- Modern Technology Corp
(Pink Sheets: MODC) announced that its new portfolio company, Encore Energy
Systems (Pink Sheets: ENCS), reported a 65% increase in sales over the same
period last year.
Revenues for Q1 2007 and Q1 2008 were $219,140 and $361,130 respectively.
Sales for the American Geothermal operation 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 downturn in the USA mortgage
market as the Company's customers are concentrated in the ultra high-end
market where demand rises in market downturns. The demand for the company's
Green solutions is increasing monthly and expected to rise further.
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 our portfolio holdings.
The company's web address is: http://www.moderntechnologycorp.com
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.
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.
Contact:
Investor Relations
1.954.727.5468

SOURCE Modern Technology Corp

Investor Relations of Modern Technology Corp, +1-954-727-5468