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MODC: 509% revenue increase, low float, & looking for acquisitions!
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[QUOTE]Originally posted by Aldeberon: [QB] MODC DD page Modern Technology Corp. Founded 1982 Began trading publicly July 2004 as MOTG CEO: Anthony K. Welch Company Contact: Megan Peterson 1.662.236.5928 Modern Technology Corp 1420 North Lamar Blvd. Oxford, MS 38655 USA Phone: +1.662.236.5928 Fax: +1.662.236.7663 MODC is a technology acquisition and development company which builds revenue through acquiring companies, developing their products and services, and reducing costs by interlinking subsidiaries products and services. Audited Revenues for the 9 months ended March 31, 2006: $7,871,185, an increase of 509% over last year Audited Assets ending March 31, 2006: $6,575,669 Authorized Shares: 150,000,000 Outstanding shares: est. 3.5 million Float: est. 2.85 Portfolio MODC owns 51% of Sound City, a high-end consumer electronics company. Watch for news on this important MODC-owned company as they are constantly announcing new contracts and new product lines. The last Sound City contract was with T.G.I.Fridays for the installation of flatscreen televisions in 18 of their NY/NJ area restaurants. H-Net could be the most promising of MODC’s subsidiaries to date. H-net produces software used by virtually every major eyecare company in the US. Lenscrafters, Pearle Vision, Wal-Mart, and Macy’s eyecare centers are a few of the companies using the H-net technology. As part of its technology development initiative MODC is working to introduce H-net to the medical industry and may be working on introducing it to the insurance industry as well. On May 12 MODC announced its intention to spin off Hnet and give free shares of the company to all MODC holders on record at the time of the future spin-off announcement. H-net is expected to produce revenue for MODC late in 2006. Watch for news of future H-net contracts as Welch pushes this technology into exciting parallel industries. MODC acquired 51% of INmarketing Group late in calendar 2005. INmarketing is an online employee incentive and reward program with an impressive client base including Sharp Electronics, Nicklaus Golf Equipment, Waldbaums, A&P Supermarket, Bayer Diagnostics, Snapple Beverages, and, recently announced, St. Paul Travelers. INmarketing’s audited revenues for 2005 were $13.5m. INmarketing Group announced record revenue totals for the month of February. Stay tuned for future contract announcements and more revenue increases for INmarketing Group. On April 3, 2006 Anthony Welch announced that MODC had made a tender offer to purchase 51% of Harvey Electronics from its shareholders. Harvey, currently trading on the Nasdaq under ticker symbol HRVE, has received several delisting notices for its failure to maintain the minimum $1.00 listing requirement. The offer was voluntarily withdrawn by Welch after HRVE announced they were restructuring their board and planning to dilute their own stock. HRVE has until June 19 to increase its share price before becoming delisted. Welch is reportedly waiting for HRVE to become an OTCBB stock, with a much cheaper price, before considering another tender offer. This acquisition, if completed, would put revenues for MODC at about $65 million/year. Stay tuned for important updates as this development unfolds. On May 12 as part of his plan to recapitalize the company, Welch affected a voluntary 20-1 reverse split of the common stock which put MODC in the position of being able to finance the acquisition of profitable companies, such as HRVE. One of these acquisitions may put Modern Technology in the position to apply for a listing on the Nasdaq. Keep watching for acquisition news as Welch makes full use of his new buying power. http://www.moderntechnologycorp.com/ http://soundcity.com/retail/ http://www.h-net.net/index.phphttp://www.inmarketinggroup.com/home.aspx http://www.harveyonline.com/ This DD page is my personal work. Though I have tried to make it as accurate as possible you are ALWAYS responsible for doing your own research and buying and selling decisions! GL MODC! [/QB][/QUOTE]
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