Modern Technology Corp. Launches European Operations
August 26 2004 - 10:00AM
PR Newswire (US)
Modern Technology Corp. Launches European Operations OXFORD, Miss.,
Aug. 26 /PRNewswire-FirstCall/ -- Modern Technology Corp. announced
today it has initiated business development activities in Europe
through its newly hired managing director for international
business, Mr. Colin Inker. "We welcome Mr. Inker's vast
professional experience and the extensive relationships he
maintains throughout Europe and the Middle East," said Modern
Technology Corp chairman. "Mr. Inker delivers significant value
through his representation of our interests on the international
landscape. His directive is to further our growth-by-acquisition
strategy as well as create new revenue producing opportunities for
our growing portfolio of companies throughout the world. His
efforts have already resulted in opportunities for us that we
expect to announce soon." Mr. Inker said: "I'm pleased to join the
company and expect a tremendous future with them. Their growth
model and their Forward Capitalization method of acquisition are
both superb. The Modern Technologies concept represents a secure
platform and excellent marketing vehicle for companies with growth
potential. We have several opportunities to pursue immediately and
in fact, finalizing the first acquisition now." The company is
finalizing its negotiations with several significant acquisitions
and expects to announce these transactions in the very near future.
Modern Technology Corp recently added DeMarco Energy Systems
(PinkSheets: DMES) to its portfolio of companies, and expects to
acquire numerous other companies and technologies in the coming
year. In addition, the company expects to release details on its
unique, shareholder-equity preserving "Forward Capitalization"
acquisition and finance model as well as its revenue projections,
expected asset growth, and overall acquisition strategy in the
coming weeks. About Modern Technology Corp. Founded in 1982,
Oxford, Mississippi-based Modern Technology Corp (MOTG) is a
business development and acquisition company, focused on growth by
strategic acquisitions and subsequent market and revenue expansion.
MOTG provides business infrastructure, substantial intellectual
capital, strategic investments, and ongoing support and revenue
growth assistance to each individual company within its portfolio.
In addition, MOTG provides mentoring and assistance through
collective operations experience, significant industry contacts,
and strategic and tactical advice. The company's mission is to
consistently build shareholder equity through accretive
acquisitions, to continue providing both stock and cash dividends
to its shareholders, and to create and promote synergistic
relationships among portfolio companies and affiliates. For more
information, visit the company's web site at:
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, including but not limited to those
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. Contact: Anthony Welch
662-236-5928 DATASOURCE: Modern Technology Corp. CONTACT: Anthony
Welch of Modern Technology Corp., +1-662-236-5928 Web site:
http://www.moderntechnologycorp.com/
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