MODC - A penny stock wonder

MODC began the trading session on Tuesday with market makers asking $.0002 per share. By the end of the day the stock had recieved record volume and surged several 100% to a high of $.0009.

The company released news mid-day that added dry wood to an already hot fire. If the company can hold off on the share certificate printing press this stock could post several more impressive trading days.

MODC is a stock to keep on your radar going forward. Today's news release from MODC is pasted below.

Modern Technology Corp Announces New Gen-H Hydrogen Injector for Commercial Fleets and Rolls Out 2009 Business Plan
Tuesday January 20, 2009, 1:35 pm EST
OXFORD, MS--(MARKET WIRE)--Jan 20, 2009 -- Modern Technology Corporation (Other OTC:MODC.PK - News) announced today its new Gen-H On-Demand Hydrogen Generator for Commercial Fleet Trucks. This newly designed system will be available for fleet orders March 1, 2009.
The Gen-H system delivers increased fuel economy between 10% and 50% and significantly reduces or eliminates truck exhaust emissions. The on-demand hydrogen system 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.
The fuel savings realized by the fleet rapidly pays for the system. The reduced or eliminated emissions levels ensure continuing regulatory compliance.
New applications for the Gen-H water-as-fuel and hydrogen-based fuel systems are under constant development and will be announced accordingly.
As part of MODC's roll-out plan for 2009, announcements will be soon made regarding:

-- 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.
-- 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 significant advances in its cancer detection
technology.
-- 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.
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