Modern Technology Corp Chairman Anthony Welch Interviewed by Wall Street Reporter OXFORD, Miss., Sept. 24 /PRNewswire-FirstCall/ -- Anthony Welch, Chairman of Modern Technology Corp, was interviewed by Wall Street Reporter on September 24th, 2004. During this interview, Mr. Welch outlined some of the plans and revenue targets for the company and spoke on the company's unique Forward Capitalization model of acquisitions. During the interview Mr. Welch explained the company expects revenues of $20,000,000 by year-end 2004 and $75,000,000 by Q4 2005 and anticipates announcing more acquisitions over the coming weeks. To listen to the interview, visit the following web address: http://www.wallstreetreporter.com/profiles/ModernTechnology.html About Modern Technology Corp Founded in 1982, Oxford, Mississippi-based Modern Technology Corp (OTC:MOTG) (BULLETIN BOARD: 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. Media Contact: Susan Cable, Vice President of Marketing, (623) 465-5929, DATASOURCE: Modern Technology Corp CONTACT: Susan Cable, Vice President of Marketing of Modern Technology Corp, +1-623-465-5929, or Web site: http://www.moderntechnologycorp.com/

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