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MOTG - Modern Technology Corp 300% increase in revenue growth
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[QUOTE]Originally posted by Stocktrader20: [QB] bellwetherreport.com: The Bellwether Report takes keen interest in Modern Technology Corporation Last Update: 4/19/2006 3:32:36 AM Data provided by Apr 19, 2006 (M2 PRESSWIRE via COMTEX) -- Modern Technology Corporation (MOTG), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service. Modern Technology Corporation a diversified technology development and acquisition company who builds revenues through continuous growth, strategic acquisitions this afternoon released an update on On April 17th, 2006, Harvey Electronics released an announcement asserting our Tender Offer to be invalid due to certain 'deficiencies.' We disagree and maintain the commencement of a Tender Offer to be a valid commencement under applicable securities regulations. On April 18th, Harvey Electronics released an announcement regarding a change of the Board and of a financing arrangement. This represents a significant material event requiring careful study. We may increase, decrease, or entirely withdraw our Tender Offer based on our analysis. Anthony Welch, Chairman, said: "Today's announcement from Harvey Electronics changes the picture for us and every stockholder of Harveys. We will carefully review the financing agreement and update our Tender Offer accordingly." The Company also announced that there subsidiary; INmarketing Group anticipates the first three months of 2006 to be the strongest quarter in its history and should exceed projections. INmarketing's audited financials were recently filed demonstrating impressive year-on-year growth. The rapid growth continues with a record-breaking quarter and moves this important subsidiary closer to its projected $14,000,000 in revenue for 2006. INmarketing's results are fully consolidated and will be reported as part of our upcoming Form 10Q-SB filing. We anticipate our revenues to be in excess of $4,600,000.00, which represents a 300% increase over the same period last year. Anthony Welch, Chairman of Modern, said: "Shareholders can expect continued strong growth and results. This year will be an important year for us. So far this year, we have reported record results and have an active acquisition pipeline. Shareholders can expect a busy year at MOTG." With this announcement, Modern Technology Corporation shares traded fairly flat at just under $0.03 a share on volume which is above the daily average. If the financial results are anywhere near expected I feel we could see this company really take off. One of the company's biggest struggles is getting investors eyes on themselves as they are obviously something investors would be interested in. The BWR Research Team will continue to follow the market sentiment on this company and numerous others. To review research on small cap companies like Modern Technology Corporation as well as many more exciting articles we encourage you to visit [URL=http://www.bellwetherreport.com.]www.bellwetherreport.com.[/URL] You can find these reports under the "Today's Articles" section. No credit Card Needed!! The Bellwether Report will continue to research the small cap markets to bring you exciting opportunities!! If you are interested in receiving more information on these small cap opportunities and other features of our site, feel free to sign up for a complimentary subscription to the #1 online investment tool [URL=http://www.bellwetherreport.com.]www.bellwetherreport.com.[/URL] Companies looking to advertise with Bellwether Report should email jlee*bellwetherreport.com with the subject line (Advertising). All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned. Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Bellwether undertakes no obligation to update such statements. M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com. [/QB][/QUOTE]
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