MODC Modern Technology Corp (CE)

Modern Technology Corporation (PINKSHEETS: MODC) announced today its Asian Distribution initiative for its Gen-H On-Demand Hydrogen Generators.

The Asian distribution program includes regional and national engine and motor vehicle producers. Distribution agreements will soon be announced for both consumer and commercial vehicle manufacturers and parts suppliers throughout Southeast China, Hong Kong, Taiwan and surrounding regions.

The company will announce each distributor in turn and provide a specialized distributor support team and website for worldwide order entry and tracking of products shipment.

Domestic demand for the company's Gen-H Hydrogen Generator System has been extraordinary and exceeds expectations. The company is adding new operations and order processing resources to accommodate the demand.

The Gen-H system delivers increased fuel economy between 10% and 50% and can significantly reduce or eliminate exhaust emissions. The on-demand hydrogen ensures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine.

New power generation and heat recovery applications for the Gen-H water-as-fuel and hydrogen-based fuel systems are under continuous development and will be announced accordingly.

To inform shareholders regularly on MODC's operational strategy for 2009, press releases can be expected for the following items:

--  Pro forma profitable revenues for the period ending September 30, 2008
    were $24,050,155.  Year-End 2008 revenues will be soon released.
--  Revenue projections for 2009 will be announced.
--  In addition to its Asia distribution program, further international
    distribution agreements 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.
--  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 website 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