posted
MOTG issued 3 separate Press Releases today. With the recent acquisition news and these latest releases, the future looks good for MOTG. Skepticism in the market has left the current PPS at relatively low value compared to market cap.
Here are today's PRs...
Modern Technology Corp Announces 2006 Initiatives and Revenue Guidance for $75,000,000 Modern Technology Corp (OTC BB: MOTG) a rapidly growing diversified technology development and acquisition company announced details on its various strategic initiatives and revenue expectations for 2006. Having met its objectives for 2005, the company recaps its successes and sets its vision for the coming new year. The company will release more expansive guidance and updates in the coming days and weeks for each major topic found herein.
2005 Growth Goals Met
MOTG met its 2005 goals for acquisitions and business development. The company acquired three entities: Sound City, H-NET, and INmarketing and raised over $4.2 Million in funding.
We expanded our subsidiary Sound City by opening a new retail location and appointing a new General Manager for that location. The new store opening increases the company's retail exposure and prepares the organization for stronger sales growth.
We completed the acquisition of INmarketing. INMarketing adds an estimated $11.5 Million in 2005 revenues and a projected additional $14 Million in revenues for 2006. INmarketing generated $8.7 Million in revenues in 2004 and generated $5.8 Million in revenues in the first half of 2005.
We anticipated closing certain transactions within 2005 to put revenues beyond the $50 Million mark. These transactions are inherently slow and have extended into 2006.
We intend to continue delivering on our promises as stockholders have come to expect.
2006 Revenues Guidance
As stockholders can see, our revenue growth is strong and we anticipate uninterrupted momentum. Our year-end is June 30 and our present projected annualized revenues are approximately $20,000,000 without further acquisitions. We have acquisition targets under consideration that, if completed, will create annualized revenues exceeding $50,000,000 for year-end 2006. If we complete the current transactions we have under consideration, we anticipate passing the $75,000,000 annualized revenue threshold by year-end 2006. If during 2006 we achieve these revenue goals earlier, we will revise our projections upward accordingly.
Earnings Focus
In addition to achieving our revenue targets, our key focus for 2006 is to consolidate our operational infra-structure and eliminate redundant costs areas and reduce overall expenses. These reductions arise from the inherent synergy between our operational subsidiaries. These cost reductions and efficiencies are the culmination of MOTG's efforts and business plan as stated in 2005. The company's one-time expenses related to acquisitions will no longer affect earnings going forward and the company anticipates cash-positive operations and a full return to profitability in 2006 as a result of synergy, consolidation and revenue growth. Subsidiaries that have not been profitable are on a return to profitability and when combined with our current profitable subsidiaries, we are optimistic regarding our 2006 earnings picture.
Acquired Technologies Market Introduction
In June 2005 we announced a strategic alliance agreement with UTEK Corporation. This alliance provides us with nascent, market-ready technologies. We intend to commercialize them through our existing sales and distribution channels. We anticipate significant revenues from these technologies. Of particular note are technologies relating to energy conservation.
Advancement of H-NET technology
Since acquisition of H-NET, MOTG has created a sales and technology support infra-structure, expanded the market scope of the H-NET software technology to service the broader medical industry, and developed key marketing and industry relationships for both marketing and distribution.
During 2006 the H-Net software and related support systems will be marketed in both the USA and Europe with sales and distribution expanding throughout the year.
The H-NET technology is complete, market-proven, and has a long history in the Vision Care industry. The H-NET technology serves the three largest retail vision care chains in the United States.
Energy Conservation Initiatives
International Sales and Marketing of DeMarco Energy Systems
The Energy Conservation and Alternative Energy sectors are rapidly growing sectors in which MOTG has a significant stake through its relationship with DeMarco Energy Systems of America, Inc. (OTC: DMES). We are developing a worldwide distribution network of geothermal and alternative energy sales channels.
This energy initiative will result in new revenues and exposure for both MOTG and DeMarco Energy. MOTG provides executive consulting, marketing support, business infrastructure and related services while DeMarco Energy provides its patented geo-thermal solutions. MOTG intends to acquire additional energy-related technologies and make them available to DeMarco energy for commercialization as appropriate.
Dividends
MOTG has a history of paying dividends. In 2004 the company distributed a $383,697 cash dividend. In 2001, it paid a stock dividend of 403,000 shares as part of a spin-off transaction and in 1999, it paid a stock dividend of 403,000 shares as part of a spin-off transaction.
MOTG may spin off one or more of its subsidiaries in 2006 if business conditions warrant. We will pay either stock or cash dividends as appropriate. Our long-term plan is for stockholders to realize capital appreciation from their current MOTG holdings and new stock paid to them as spin-off dividends.
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: 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.
-------------------- 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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Modern Technology Corp Announces H-NET Market Development for 2006 Modern Technology Corp (OTC BB: MOTG), a rapidly growing diversified technology development and acquisition company, announced initiating market development efforts for 2006. MOTG has been preparing the H-NET platform and surrounding sales and technical support infrastructure in the months following the acquisition of this important asset.
In the coming months, the H-Net software and related support systems will be marketed in both the USA and Europe with sales and distribution expanding throughout the year.
Since acquisition of H-NET, MOTG has created a sales and technology support infra-structure, expanded the market scope of the H-NET software technology to service the broader medical industry, and developed key marketing and industry relationships for both marketing and distribution.
The H-NET technology is complete, market-proven, and has a long history in the Vision Care industry. The H-NET technology serves the three largest retail vision care chains in the United States. Companies using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision, Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Anthony Welch, Modern Technology Corp's Chairman, said, "The New Year heralds continuing accomplishments for MOTG. As shareholders witnessed, MOTG delivered significant results and revenue growth in 2005. We expect 2006 to be even more impressive."
Additional acquisitions are under consideration that may place annualized revenues over $50,000,000. The company plans to meet its revenue goal of $75,000,000 in 2006 and list its stock on a national exchange.
In 2004 the company paid a $383,697 cash dividend. In October of 2001, it paid a stock dividend of 403,000 shares and on June 30, 1999, it distributed a stock dividend of 403,000 shares as part of a spin-off transaction.
The company intends to pay dividends as appropriate and as part of its anticipated subsidiary spin-off strategy. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as new stock paid to them as part of the spin-off transactions.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its ability to successfully consummate the acquisitions under consideration.
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.
-------------------- 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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posted
Very nice pr today AH. I think it's about time people started noticing the insane undervalued condition of MOTG and start investing in it. Of the many stocks on the OTC making promises this company has consistenly delivered on goals. CEO Welch has promised acquisitions and revenues and has delivered on both. Acquisitions Sound City, Hnet, and Inmarketing are real. They are certified with the SEC in 8-k's. If anyone is tired of shady CEO's doing shady deals then rest your money here. Welch will deliver.
GL MOTG!
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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posted
You hear companies all the time saying that they're trying to do stuff to get listed on a major exchange, but rarely do you see them voice that goal in a Press Release, along with a detail of how they intend to accomplish that goal. There will always be a few penny stocks that will succeed in that goal, and it looks like MOTG has a good chance of being one of those companies.
-------------------- 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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posted
so there are still people bashing this on rb..that board as become a giant waste...mad and mr tech arguing over profits.....please...this stock won't have to see a profit to move north....i have never understood the concept of bashing a stock that you don't own why waste your time?
Posts: 357 | Registered: Oct 2005
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Anyhow I will say that we are in store for a great month I really do feel that. I think that alot of people have worried about the dillution. It is almost interesting to see how some are saying the sky is falling. Has alot of what happened been ignored you bet. Have we been overlooked? Absolutley. I think that will change as more pr's come out and the story is told. Hnet has more news to come. I like how we will get news about every company. We have 3 under our belt right now. This can't stay at .04 cents forever. No company doing the rev's we are doing can stay at .04. I hope all of you hold your shares. Bigbuyer I hope you buy back in. This month will impress alot of people and we will be instore for the run of a lifetime. I can almost guarantee that we hold the stock that people will be talking about all year. .....yeah I am serious. I am that confident. There might be a little shake I would hold...More news tommorow. Oh by the way that is all my opinion and I am not a licensed broker....
Posts: 357 | Registered: Oct 2005
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"...our revenue growth is strong and we anticipate uninterrupted momentum."
Oh yeah baby! As long MOTG holders, we like uninterrupted momentum, especially if it's in an upward direction
"In addition to achieving our revenue targets, our key focus for 2006 is to consolidate our operational infra-structure and eliminate redundant costs areas and reduce overall expenses."
I like the fact that they are working to streamline costs within the subsidiaries right away. A lot of companies in the business of acquiring smaller companies find out much too late that they should have started this process earlier. It takes a great deal of time and effort to cut costs and bring companies together. We'll know soon enough whether or not management can make it happen.
My confidence in Mr. Welch grows as each new PR is released. I feel we may, indeed, be part of something truly great some day.
GL everyone.
"Kumbaya, my Lord, Kumbaya"
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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So I'm tired of waiting for Ameritrade to update me on my open ticket regarding MOTG news. I instead decided to submit feedback to the Market Watch site. I suggest that anyone else who is bothered by this do the same. Market Watch is a very large, very popular site, and the increased exposure certainly couldn't hurt
======= The last Press Release for Modern Technology Corp(stock ticker: MOTG) on your "News & Commentary" section was from December 14. However, the company has released numerous PR statements since this time. All of the latest PR's were released via Market Wire. Since your website contains other articles for MOTG via Market Wire, I would assume that the most recent PR's would be included as well. However, this is not the case.
As a stockholder in Modern Technology Corp, it is very important to me that my company gain exposure through all reputable avenues available. Unfortunately, I don't feel as though Market Watch is providing this to me.
Regards,
X
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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Well, I was hoping for a gap this morning but we have nothing so far, interesting.
Posts: 414 | From: Auburn, Alabama | Registered: Aug 2005
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Yeah, does look good. But we need some buying. I expected a little more on the buying side this morning. We will see.
Posts: 414 | From: Auburn, Alabama | Registered: Aug 2005
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quote:Originally posted by WarpedMind: What we need is for the HRVE/Whatever deal to close. But I'd like to see us climb a little before that.
Agreed.
That last PR made it sound like they were giving themselves an extension for the acquisition/merger. I guess only time will tell.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
no one wants to buy at .043 unbelievable. I agree also with the HRVE thing, seems like the only thing that will lift us up. but its very strange that people dont want to get in already before hand. I guess only smart INVESTORS are in on this one
Posts: 3086 | From: miami | Registered: Nov 2005
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NITE is still keeping it stiff here. Look for some buying in the latter half of the day if we hold, imo.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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posted
I'm with you natty. My cost basis is still at .0788 so I'm definitely hoping it'll climb on its own before "the big one".
BTW everyone, don't forget... it's not just HRVE/whatever. My sources tell me there are at least one (and I believe two) other "BIG DEALS" in the works. This is just the beginning. Combined that with a market-saavy CEO who has only a 5 figure income and good ethics, and we're good to go.
Patience everyone. Steady as she goes.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Correction: NITE has let off the ask! He's at .045, PERT and ETRD are in at .043. They should move quickly with buying imo.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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posted
Warped, that's interesting. I got the impression from reading the pr's that there was "another" deal in the works besides Inmarketing and the one that will take us to Nas. But I never really put much thought to it until you said so.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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Hey, all you guys who sent nasty emails to Welch let's send him a few "thank you" emails before this really blasts off. To let him know we really appreciate his efforts at making this company great and trying his hardest to get this stock turned around! Poor guy, he probably thinks nobody loves him.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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He's told me that he understands that the nastiness comes with the territory. But yes, we should reward him for working hard. He can't help it if the MMs have smothered this over and over again.
Think about it... when's the last time we actually had a NEGATIVE PR? I can't even think of one. We're always moving forward.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
No, I sold two days before the run. Talked myself out of holding it. I need to be careful with my capital and couldn't figure out what was going to happen with it.
I didn't listen to the dd that I had posted.
Posts: 660 | From: Kansas | Registered: Mar 2005
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