OXFORD, Miss., Oct. 8 /PRNewswire-FirstCall/ -- Modern Technology Corporation (Pink Sheets: MODC) announced today it released its consolidated Income Statement and Balance Sheet for the period ending September 30, 2008. Investors may access the Company's periodic voluntary disclosure documents here: http://www.moderntechnologycorp.com/financing.htm Revenues for the period ending September 30, 2008 were $24,050,155. 2008 projected revenues are expected to exceed $35,000,000. Financials and Disclosure information are being published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11. Additional disclosures will be made on a frequent and ongoing basis. The Company has divested all unprofitable operations, eliminated substantial debt, and provided a path for strong equity growth. The Company believes it has substantially achieved its objectives and continues to execute its plans accordingly. MODC has additional profitable portfolio targets under review. Should these acquisitions occur, revenues will be increased another $5-$15 million dollars. About Modern Technology Corp MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com/. Safe-Harbor This press release contains statements (such as projections regarding future performance) that are forward-looking 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 and prior SEC filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision. Contact: Investor Relations 1.954.727.5468 DATASOURCE: Modern Technology Corporation CONTACT: Investor Relations of Modern Technology Corporation, +1-954-727-5468 Web site: http://www.moderntechnologycorp.com/

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