MOTG -.053 Modern Technology Corp Announces Launch of Its Energy Conservation and Alternative Energy Initiative Through Alliance With DeMarco Energy
Oct 18, 2005 3:20:00 PM
OXFORD, MS -- (MARKET WIRE) -- 10/18/05 -- Modern Technology Corp (OTC BB: MOTG) a rapidly growing diversified technology development and acquisition company announced it has launched its Energy Conservation initiative. The Energy Conservation and Alternative Energy sectors have been of key interest to MOTG since it expanded its business plan in Q1 2004. The company now begins its entry into these planned sectors. The company intends to develop a worldwide distribution network of geothermal and other alternative energy sales channels and pursue energy conservation and alternative energy technologies.
The company has been working with DeMarco Energy Systems for the prior several months to develop an international plan of distribution and sales for a variety of energy conservation and alternative energy technologies, including the patented geothermal heating/cooling system.
This new initiative will result in new revenues and exposure for both MOTG and DeMarco Energy. MOTG will provide executive consulting, marketing support, business infrastructure and related services. In addition to business support services, MOTG will acquire new energy-related technologies and make them available to DeMarco energy for commercialization as appropriate.
Anthony Welch, Modern Technology Corp's Chairman said, "This new initiative marks the beginning of our planned entry into the Energy Conservation marketplace and our entry into alternative energy technologies. We look forward to a global presence and the continuing development and acquisition of key energy-related technologies. The timing for energy conservation could not be better. We have alternative energy technology presently under consideration from our alliance with UTEK corporation, in fact."
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: moderntechnologycorp.com
About DeMarco Energy Systems
DeMarco Energy Systems (OTC: DMES) expanded its business plan in 2004 to include energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, sales of energy conservation solutions. The company has geothermal installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. EVI's primary focus is to provide energy efficient technologies to commercial and institutional markets through the application of the DeMarco 'Systems' patents and other acquired technologies. For more information, visit the company's web site at: demarcoenergy.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.
Modern Technology Corp
1420 North Lamar Blvd., Oxford, MS 38655 USA
Phone: +1.662.236.5928, Fax: +1.662.236.7663
Web: www.moderntechnologycorp.com
We are a public company trading under the symbol "MOTG" on the OTCBB
Company Contact:
Megan Peterson
1-662-236-5928 |
