Modern Technology Corp Releases 2008 Interim Fourth Quarter Financial Results Reporting Sales of $29,000,000

OXFORD, MS--(Marketwire - January 30, 2009) - Modern Technology Corporation (PINKSHEETS: MODC) announced today it released its interim financial results for the period ending December 31, 2008. The company's complete financial statements will be posted on or before 15 February 2009.

The company's revenues for 2008 were approximately $29,000,000 with net profits of approximately 3% of gross. The company's gross revenues and net profits are somewhat lower than projections due to the sudden and dramatic downturn in the worldwide economy. This downturn has affected all sectors including and notably electronics and distribution. Sales and demand appear stable at this point and the company is confident sales will remain strong and anticipates remaining profitable. The company believes its new products and technology, particularly its hydrogen generator systems, will facilitate strong revenue growth in 2009. The Company has 2,000,000,000 shares authorized with approximately 650,000,000 shares issued and outstanding.

Financials and Disclosure information will be posted 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.

Investors can expect timely updates on the following:

--  Sales projections for 2009 will be announced
--  Various international distributors for the Gen-H Hydrogen Injector
    System will be announced
--  Additional portfolio acquisitions are under review. Should these
    acquisitions occur, revenues will be increased another $5-$15 million
    dollars.
--  The company will announce a new cancer detection system design
    incorporating significant advances in both patient test throughputs and
    cell sample scan speeds.
--  New marketing initiatives to pathologists based on revenue sharing
    models for cancer detection scans.
--  Details on new distribution, management services and new energy-
    related initiatives will be released.
    

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.