Anthony Welch, Modern Technology Corp's Chairman said, "As promised to stockholders in prior updates, we now deliver. This is a superb addition to our portfolio and complements our strategy of continuous growth."
David J. Weiss and Andrew Perlmutter, Founders of INmarketing Group said, "We look forward to working with Modern Technology Corp and its family of companies to provide our loyal clients both the technological and pricing advantage they deserve. By expanding our distribution and integrating our systems, we will create new value and continue leading the Online Incentive Industry."
About Modern Technology Corp
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. For more information, visit: 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.
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
Posts: 101 | Registered: Dec 2005
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Hmm, it could have been better written. But this isn't really the news I was looking for....
JUST JOKING!!! Fin de Semana! Thanks, A Dub!
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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"David J. Weiss and Andrew Perlmutter, Founders of INmarketing Group said, "We look forward to working with Modern Technology Corp and its family of companies to provide our loyal clients both the technological and pricing advantage they deserve. By expanding our distribution and integrating our systems, we will create new value and continue leading the Online Incentive Industry."
Now we'll see just why this acquisition was so integral to the fundamental plan! Emailing Weiss & this time he won't refer me to Welch!
Posts: 101 | Registered: Dec 2005
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This is my one question for ya'll and then I gotta split.
When he says Inmarketing expects 11.5 in revenues, and MOTG only owns 51% does that mean we only should get half of those revenues. Same question with SC, never got it answered.
See ya'll later.
Kat
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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quote:Originally posted by Katrina7: This is my one question for ya'll and then I gotta split.
When he says Inmarketing expects 11.5 in revenues, and MOTG only owns 51% does that mean we only should get half of those revenues. Same question with SC, never got it answered.
See ya'll later.
Kat
kat we're the majority owner now so we report it all:)
Posts: 101 | Registered: Dec 2005
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What they are doing is aquiring the majority intrest. Therefore they can report all of the rev's. Just like the last Q. Warren Buffets company does the same thing...we are just way smaller..What this does is allows IMG access to the markets and we own them so we benefit also. Right now as it stands we are doing 20mil in rev's....11.5 aint bad bring on the NASDAQ
Posts: 357 | Registered: Oct 2005
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Tailored suits, chauffeured cars, Fine hotels and big cigars Up for grabs, Up for a price Where the red-hot girls, Keep on dancin' through the night!
The claim is on you, The sights are on me So whaddaya do, That's guaranteed?
Hey lil' girl, You want it all The furs, the diamonds, The paintin' on the wall!
C'mon, c'mon! Love me for the money! C'mon, c'mon! Listen to the moneytalk! C'mon, c'mon! Love me for the money! C'mon, c'mon! Listen to the moneytalk!
A French maid, foreign chef, A big house with king-size bed You had enough, You ship 'em out The dollar's up, down, Ya better buy the pound!
The claim is on you, The sights are on me So whaddaya do, That's guaranteed?
Hey lil' girl, You broke the laws Ya hustle, ya deal, You steal from us all!
C'mon, c'mon! Love me for the money! (Moneytalks!) C'mon, c'mon! Listen to the moneytalk! (Moneytalks!) C'mon, c'mon! Love me for the money! (Moneytalks!) C'mon, c'mon! Listen to the moneytalk! Moneytalks! Yeaaah-yeah!
C'mon, c'mon! Love me for the money! (Moneytalks!) C'mon, c'mon! Listen to the moneytalk! (Moneytalks!) C'mon, c'mon! Love me for the money! (Moneytalks!) C'mon, c'mon! Listen to the moneytalk! (Moneytalks!) (C'mon, c'mon! Love me for the money!) Moneytalks! (C'mon, c'mon! Listen to the moneytalk!) Moneytalk-talk-talk! (C'mon, c'mon! Love me for the money!) Uh, hear it talk! (C'mon, c'mon! Listen to the moneytalk!) Yeah, yeah-yeah! Moneytalk!
Posts: 101 | Registered: Dec 2005
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Since AZ isn't here, do we know who's doing the new thread topic?
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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Who wants to start it? Tech, you've got 4 stars. I have three, but I look alot better. Al is flying around to the east coast. Doogle HAD 5 stars, but he's down to 4 and he's new to this board (even though we know he's experienced)...
Az, are you out there? Where are ya?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
MOTG - Acquisition announced - 11 Million Revs Added
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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I'm here. But Busy. Keeping in touch with Ted R. and Welch. I was fully aware InMarketing would be announced today. Tech you start the new thread. Maybe something about 11.5 in Revenues and Victoria's Secret.
The Naz deal is on it's way.
AZ
Posts: 198 | From: Wallingford, CT, USA | Registered: Jan 2004
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I started a couple of threads ...I changed my handle from ted r to emich25...I like it better.... Although Ted Roosevelt was a great president...speak softly but carry a big stick....one of my favorite quotes
Posts: 357 | Registered: Oct 2005
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Sorry, I tried to bring it out of red, but I simply don't have enough (ok, ANY) money left.
