Oct 03, 2005 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report initiates coverage on Modern Technology Corp. (OTCBB:MOTG) The company is up 20% today on news that it has met its mid-year revenue targets of $25,000,000.
The company is completing final documents to acquire InMarketing Group. This adds a projected $11 million in 2005 profitable revenues and a projected additional $13 million in profitable revenues for 2006 to our current revenues. InMarketing Group reports $8.7 million in profitable revenues for 2004 and reports $5.8 million in the first half of 2005.
Founded in 1982, Modern Technology Corp. is a diversified technology development and acquisition company, building revenues by strategic acquisition and commercialization of nascent commercial technology and by the acquisition of synergistic operating companies. MOTG commercializes technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to consistently build shareholder value through accretive acquisitions of emerging technology or acquiring operating companies capable of benefiting from technology infrastructure enhancements or new product lines.
The company recently announced that it has entered into an agreement with four institutional investors, who shall provide MOTG with $1.5 million in financing through the sale of $1,500,000 in 9% Senior Secured Convertible Redeemable Notes and Warrants. This funding transaction allows MOTG to complete its acquisition of InMarketing Group and provides expansion capital for existing operations and growth.
This company is on a rapid expansion and through continued strategic acquisitions can continue to build shareholder value.
Ian Birrell The Emerging Stock Report will continue scanning the markets for true emerging growth opportunities that will show subscribers optimal entry points. If you are interested in receiving more information on emerging stocks feel free to sign up for our complimentary subscription to the #1 online investment resource for sector specific research www.***********************
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Nice move today. It was as high as .059 before the usual mid morning pullback. If it follows the normal daily movement it should end the day higher than the morning pullback.
-------------------- Let's make some money now !!
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Yeah I think it is cheap here too, if all goes as the company plans. Alot of volume today for this stock. I'm only in for 20k at .038. 350k of this would be great.
-------------------- Let's make some money now !!
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This took quite a jump today, Had some pretty good news and future predictions, This company has no debt and is supposed to be buying other company's for investments. You can't go wrong at these prices. Whats some other opinions on this stock? Tomorrow should be interesting.They predict $50'000'000 in revenue by the years end.
-------------------- Better lucky than good grandpa
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I just found this one. I wish I would have found it before today. WOW, what a gem, I broke my rainy day piggy bank to get as much as I could. ALl we need is the filing to confirm what they said and we will rock even harder. I think we will gap big tomorrow. .12 is possible. IMHO.
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Question , does anyone know what happens when these pennies do hit the nasdaq as motg has stated they are aiming for. Is it the type of progression much like walmart in the past where as the price rises dramatically splits do occur, not necassarily hurting long term holders, only dampering somewhat huge earnings , or what, I guess I havent really traded a great stock with big market capabilities before, hopin for this one to become that one as I buy and sell it along the way, Im not a holder, to impatient for that, any opinions or thoughts greatly appreciated
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I really don't think this one is to well known, YET. This one is a no brainer. Fiings soon, confirm the PR.s going to new exchange, what else can you ask for.
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I own this one. Have for a few weeks. My favorite time to buy is when people are paying little attention. I agree, people will know more about this one real soon.
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I agree. I got in here at .032 3 weeks ago, Im obviously green, but still holding, this is one very rare thing for me when it comes to pennies, but I am sure it will pay off. In my honest opinion, now is even a steal for an entry point
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