BRIGHTON, Mich., Jan. 28 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today it has entered into a Letter of Intent to be acquired by Modern Technology Corp (Pink Sheets: MODC). The Company has executed a Letter of Intent for MODC to obtain not less than 51% ownership in Encore. The acquisition terms include a tender offer to existing Encore shareholders of not less than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or MODC issued Convertible Preferred Stock at the stockholders' option. Encore stockholders are not required to sell any or all of their shares and will not lose their ownership interest in Encore. Stockholders can own shares in both companies. The prospective acquisition of Encore intends to facilitate investment for growth while reducing Encore's debt and to build shareholder equity in preparation for a subsequent spin-off. MODC will retain a minority equity position after the spin-off. MODC intends to further build Encore's operations, revenue, shareholder equity, and increase the distribution of its grey-water patent. MODC will subsequently 'spin off' Encore and retain a minority equity position. Complete details on the terms and conditions of the acquisition of Encore will be released in the coming days. Instructions for stockholders of Encore wishing to sell some or all of their shares to MODC will be released at that time. 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. See video at http://www.encoreenergyinc.com/. About Modern Technology Corp Modern Technology Corp is a specialized holding company focusing on the purchase of convertible debt instruments and majority control of public companies for execution of a 'turn-around' strategy and subsequent spin-off. 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. DATASOURCE: Encore Energy Systems CONTACT: Investor Relations, 1-888-234-0963, Web site: http://www.encoreenergyinc.com/ http://www.moderntechnologycorp.com/

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