Modern Technology Corp Acquires Real Time, LLC. Real Time, LLC, with projected 2005 revenues in excess of $5 Million, provides eCommerce and eBusiness custom and modular solutions for law firms, and businesses. RT's easy to deploy customer centric extensive product lines are designed to enhance the Internet shopping and information exchange experience. OXFORD, Miss., Oct. 26 /PRNewswire-FirstCall/ -- Modern Technology Corp. (OTC:MOTG) (BULLETIN BOARD: MOTG) , a business development and acquisition company, announced today that it has expanded its eCommerce and Information Technology portfolio with modular and customized solutions for the law firm and business markets. The Golden Web Awards recognizes Real Time's Flash web site http://www.xtremedigital.biz/ with the prestigious Golden Web Award for 2003 and 2004. Xtremedigital creates The Art of Rock and Roll site for some of the top companies in the entertainment industry. Real Time's Metatran Products division to launch an easy to deploy eCommerce Store creation and management software with everything needed to ramp up sales within minutes. MOTG will appoint Richard Ackerman as VP of Internet Marketing and Raj Lonsane as VP of Internet Development to head up its India Teams. Mr. Ackerman has over 15 years of senior management, sales, marketing experience in the financial, information technology and computer software industries. His background includes pioneering AR recovery for dozens of the top law firms in the World; including Skadden Arps; Cadwalader; Olympia and York Properties. In addition he holds advanced certifications in Unix System Administration and has extensive consulting experience serving Yahoo! Store merchants offering creative customized solutions. Mr. Ackerman researched the possible areas for improvement for Yahoo! Store shopping cart at the behest of Yahoo! Store's top level executives. Raj Lonsane has over 7 years of experience in the design and implementation of Flash, custom software design and development, in the financial, information technology and the entertainment industries. Raj's background includes managing teams writing software custom and modular solutions in virtually any language including but not limited to PHP, ASP, ColdFusion, CGI, Perl, Visual Basic, Java, JSP, XML, WML, EJB, COM, DCOM, ORACLE, SQL Server, MySQL, Access, Windows, Linux, and Unix. "This acquisition represents a powerful growth component for MOTG as well as offering significant value to our other portfolio companies through RT's internet shopping technology." said Anthony Welch, Modern Technology Corp chairman. Kamel Yassin, Director of Retail Acquisitions for MOTG said: "Richard Ackerman and Raj Lonsane are a perfect fit for attracting synergistic companies to our growing portfolio. Further, Real Time will add significant revenue-generating technologies for Sound City, Mobile Sound, and our future retail-based acquisitions." "Raj and I look forward to adding value to Modern Technology Corp. in the USA, Asia and Middle East, and bringing Internet solutions to the next level in easy to deploy, easy to manage technologies at an affordable cost. We will offer financing for larger projects to enable and empower merchants and other clients to design, implement and deploy the products they need and want", said Richard Ackerman. "Both Raj and I believe the MOTG's Forward Capitalization acquisition model and synergy-creating vision will be attractive and empowering to a number of companies. The strategy creates a positive growth potential and energy for the portfolio companies, the shareholders, the client base and Modern Technology Corp." In August 2004, Modern Technology Corp announced it had expanded its operations to Europe, the Middle East and Africa, under the direction of Managing Director Colin Inker. The launch of the Asia and Far East operations positions Modern Technology Corp to capture opportunities worldwide. With the Real Time and the recent Sound City and Mobile Sound acquisitions, Modern Technology Corp continues its strategy of growth through acquisitions, market development and revenue expansion. The MOTG acquisition strategy is based on its Forward Capitalization model that seeks to consistently build market value while simultaneously mitigating, or eliminating, negative dilution of common stock. MOTG recently added DeMarco Energy (PinkSheets: DMES) to its portfolio of companies and announced a joint- venture for a national merchant banking network with Raptor Investments, Inc. (OTC:RAPT) (BULLETIN BOARD: RAPT) . MOTG has more acquisition under closing and will announce them in the near future. MOTG will release details on its growth and revenue projections for 2005, expected to be in excess of $75,000,000, and its plans for listing its Common Stock on a larger exchange in the near future. About Modern Technology Corp. Founded in 1982, Oxford, Mississippi-based Modern Technology Corp (MOTG) is a business development and acquisition company, focused on growth by strategic acquisitions and subsequent market and revenue expansion. MOTG provides business infrastructure, substantial intellectual capital, strategic investments, and ongoing support and revenue growth assistance to each individual company within its portfolio. In addition, MOTG provides mentoring and assistance through collective operations experience, significant industry contacts, and strategic and tactical advice. The company's mission is to consistently build shareholder equity through accretive acquisitions, to continue providing both stock and cash dividends to its shareholders, and to create and promote synergistic relationships among portfolio companies and affiliates. For more information, visit the company's web site at: 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, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission. Media Contact: Susan Cable VP of Marketing 1.623.465.5929 DATASOURCE: Modern Technology Corp CONTACT: Susan Cable, VP of Marketing of Modern Technology Corp, +1-623-465-5929, or Web site: http://www.moderntechnologycorp.com/ http://www.xtremedigital.biz/

Copyright