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Author Topic: MODC: 509% revenue increase, low float, & looking for acquisitions!
bobcat88
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This is from the e-mailed pdf file just emailed to MODC friends and shareholders from Mr. Colin Inker again. This time there is a distribution list not everyones emial addresses. Colin must read Allstocks.com!


Modern Technology Comments
re New Boveran Cancer Detection System
Modern Technology Corp (MODC) announced the acquisition of 100%
of the physical assets and intellectual and technology rights to the
Boveran cancer detection system for $500,000 of Convertible Preferred
Stock. The Company claims that its Boveran Cancer Detection System
is the only system in the world that detects the single trait common to all
forms of cancer, which is a chromosome inbalance involving an abnormal
number of chromosomes. This trait is not found in any healthy cell.
The system rapidly and accurately identifies cancer at any stage in its
development and also identifies healthy cancer-free cells in the same
test. The system can be applied to any form of cell sample suspected of
cancer and return a reliable test result within minutes. Insight Medical
Group will be the operational arm that will bring the technology to the
international market for cancer diagnostics. Insight will control 100%
stake in Modern Technology. Knobias conducted a conference with the
Company this week that included: Anthony Welch: Chairman and CEO;
Dr. David Rasnick: Inventor of the Boveran Cancer Detection System;
and Colin Inker: Chief of Opertions. According to Dr. Rasnick, the inventor
of the Boveran Cancer Detection System, “the chromosomal imbalance
theory is the result of 45 years of combined cancer research
by Dr. Rasnick, PhD and Dr. Peter Duesberg, PhD, who continues his
studies on cancer research at the University of California, Berkley.” Dr.
Rasnick stated, “their work has provided conclusive evidence that an
imbalance in the number and composition of chromosomes (called aneuploidy)
is the underlying cause of cancer and is sufficient to explain
all of the features characteristic of cancer.” Mr. Welch told Knobias that,
“The worldwide market potential is unquantifiable. The Company plans
to initially target the international marketplace, where expedited regulatory
procedures provide a more favorable timeline for entry into the
market. Funding guidelines of the National Institutes of Health and other
federal agencies have typically been reluctant to provide funding for
cancer research that varies from the accepted research “norm,” which
theorizes that gene mutations cause cancer and produces all the features
associated with it. The focus on gene mutations has produced
inconsistent conclusions for several decades.” Mr. Welch also indicated
that, “the Company may move its offices to the Bahamas to expedite the
entry into the international market.” Mr. Welch was also quick to point
out that, “the Company could spin-off the Boveran System at an appropriate
time, but the Company is committed to the launch and success
of the technology.” The Company projects cervical cancer diagnostics
revenues of $16 million the first year for the market and $50 million by
the end of the third year. The Company also projects prostate cancer
diagnostics revenues of $12 million the first year for the market and over
$50 million by the end of the third year. Modern Technology’s audited
revenues for the 9 months ended March 31, 2006 were $7,871,185, an
increase of 509% over last year. Audited assets ending March 31, 2006
were $6,575,669.

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msholdem
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Does anyone know when the company 'plans' or 'projects' getting the Q out?
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bobcat88
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I'm sure that they "plan" and "project" it will be late as usual!

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WarpedMind
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It will definitely be late. They already filed a notice some time ago.

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WarpedMind
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PR! I don't know about you guys, but I'm pretty excited that we see AW really actively promoting MODC now. This is a VERY good sign. Committment level to this project is obviously high. Perhaps we'll start getting the movement MODC has deserved from the beginning.

Here's the PR...


Modern Technology Corp Announces Cancer Detection Clinical Laboratory to be Opened in Freeport, Grand Bahama Island

OXFORD, Miss., Oct. 17, 2006 (PRIMEZONE) -- Modern Technology Corp (OTCBB:MODC), a diversified technology development and acquisition company, announced today the company has selected Freeport, Grand Bahama as the preferred location to establish the company's cancer detection diagnostic labs.

Resources have been activated to ship the Boveran Cancer Detection system and related diagnostic and lab equipment to Freeport.

Anthony Welch, Chairman, said: "Freeport offers superb business infrastructure and proximity to the USA. Freeport is unburdened by the high taxes and heavy regulatory environment of the USA thereby allowing us to bring this cancer technology to market immediately and operate under a far less costly tax and expense structure. We feel this strategy will result in rapid sales and higher long-term profits."

Shareholders should expect the announcement of a highly respected medical professional prominent within the pathology and diagnostics community to join the company in a senior marketing capacity.

The Boveran Cancer Detection System is the only system in the world that detects the single trait common to all forms of cancer. This trait is not found in any healthy cell. The system rapidly and accurately identifies cancer at any stage in its development and also identifies healthy cancer-free cells in the same test. The system is unique in the world and can be applied to any form of cell sample suspected of cancer and return a reliable test result within minutes. The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world. The Boveran system is the first and only system in the world that can accurately detect and assess the chromosomal imbalance of cancer. This ability allows the system to quickly and accurately identify both cancerous and non-cancerous cells.

As promised to our stockholders, we will continue to release news of our progress in a timely fashion leading up to the opening of the diagnostic lab and subsequent revenue results.

About Insight Medical Group

Insight Medical Group is a specialized biosciences development company whose mission is to bring world changing medical technology and research to market in the areas of cancer and AIDS. The Boveran Cancer Detection System was invented by Dr. David Rasnick, Ph.D. The technology and chromosomal imbalance theory is the result of 45 years of combined cancer research by Dr. David Rasnick, Ph.D. and Dr. Peter Duesberg, Ph.D., who continues his studies on cancer research at the University of California, Berkley.

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. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries.

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.

CONTACT: Modern Technology Corp
Investor Relations
(601) 213 3629


Source: PrimeZone (October 17, 2006 - 9:59 AM EST)

News by QuoteMedia
www.quotemedia.com

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binsleep
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Me likey likey [Wink]
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bobcat88
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How can he announce that they have found a location prior to filling us in on some closing details. Regardless, I've picked up another 15k, average down to .3485 and own 3x as many shares. Hope I dont regret dumping another 1200 into this after all the cussing I have done to it!!!!!

Anticipated Closing Date: October 15, 2006. Pending all legal
review, due diligence review, and approval. If such approval occurs
after such date, then closing shall take place as soon as possible.

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WarpedMind
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from the pr...

"Shareholders should expect the announcement of a highly respected medical professional prominent within the pathology and diagnostics community to join the company in a senior marketing capacity."

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binsleep
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Just this past weekend, I read how very few inventions are ever successful. The secret to success is innovation, which in turn, yields acceptance by a target audience.

It goes without saying that it will be very interesting to see if MODC can get this thing off the ground. They certainly are being very bold in regards to how they plan to present the technology to the world. The way I see it, this is a 50/50 shot.

The question is:

Could this be another invention destined to be banished to a dust-covered shelf, or will the innovative strategy presented by AW and crew actually be successful?

Ante up!

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WarpedMind
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If it really works, then it should NOT be allowed to sit on a shelf unused.

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msholdem
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My question is:

How is the company going to market a "theory"?

I think a better name for the 'Boveran Cancer Detection System' would be:

'Chromosomal Imbalance Detection System'

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binsleep
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northwoods,

They will be marketing a technology based on Boveran's theory.

From a recent PR:

"The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world."

MODC has also stated that the name is being used to give credit to the man who first came up with the idea that cancer is related to aneuploidy.

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binsleep
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I am going to verify that first remark with someone from the company. I'll report back.
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bobcat88
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"The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world."

All that, and for 500k. Man I sure hope so. FYI I still havent heard back from AW, but I'm sure that with all this going on he's got a lot going on.

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binsleep
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FWIW, this is what I found out about the technology involved.

They will be using standard lab equipment to examine tissue samples which are fed into a high-end computer system. The system contains software which Dr. Rasnick has invented. Once analyzed, the machine is able to report the amount of aneuploidy (or lack thereof) along with high resolution images of the cell structure of each sample.

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The Phat Man
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maybe it's been posted already and posters on this thread are aware, but it just came to my attention that MODC is now MODCE.

--------------------
Cashing checks in two forms: Money and Reality

GLTA,
The Phat Man

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binsleep
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Here is the link to the Newsweek article (published Sept 19, 2006) that has been referenced. Dr. Boveri's original theory is mentioned, along with a little background info on Dr. Duesberg.

http://www.msnbc.msn.com/id/14757547/site/newsweek/page/4

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WarpedMind
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Good DD, bin.

Looks like our blue light special on MODC/MODC will continue. Like true Wal-Mart fashion, watch for "falling prices" and smiling senior greeters in blue smocks.

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msholdem
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quote:
Originally posted by binsleep:
FWIW, this is what I found out about the technology involved.

They will be using standard lab equipment to examine tissue samples which are fed into a high-end computer system. The system contains software which Dr. Rasnick has invented. Once analyzed, the machine is able to report the amount of aneuploidy (or lack thereof) along with high resolution images of the cell structure of each sample.

The system does not detect 'Cancer' as stated in pr's. It detects 'aneuploidy' (chromosome imbalance involving an abnormal
number of chromosomes), which is a theory as to the underlying cause of cancer.

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binsleep
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It's a little disappointing that they couldn't wait until after the financials were put out to release all this news. The "E" has been one of the larger thorns in our side for far too long. It's certainly a momentum killer.

Ya know, I've owned shares in MODC for more than a year and half (call me crazy), and this is the first time I've seen them this excited. The general tone of interviews, PR's, and my own correspondence with the company tells me that this is just the tip of the iceberg. Like I said before, this could turn out to be a bang or a bust, but it is definately interesting [Smile]

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bobcat88
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What happened to Kat?

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WarpedMind
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If this makes anyone feel any better... my sources are happy.

When they're happy, that's good news.

They filled me in on some stuff which I can't divulge, but this next year should be very exciting.

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binsleep
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quote:
Originally posted by northwoods:
quote:
Originally posted by binsleep:
FWIW, this is what I found out about the technology involved.

They will be using standard lab equipment to examine tissue samples which are fed into a high-end computer system. The system contains software which Dr. Rasnick has invented. Once analyzed, the machine is able to report the amount of aneuploidy (or lack thereof) along with high resolution images of the cell structure of each sample.

The system does not detect 'Cancer' as stated in pr's. It detects 'aneuploidy' (chromosome imbalance involving an abnormal
number of chromosomes), which is a theory as to the underlying cause of cancer.

Actually, you are only half correct. It is no secret that cancerous cells contain a chromosome imbalance. What is still under debate is whether or not cancer causes the chromosome imbalance or the chromosome imbalance causes cancer (the old chicken vs egg debate). The system does in fact, detect Cancer by determining whether or not there is a chromosome imbalance. The aneuploid theory which Dr. Rasnick and Duesberg have come up with adds validity to why there is a chromosome imbalance in cancerous cells in the first place.

The implications of this theory are huge, probably moreso than the advent of the technology which detects it IMO.

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WarpedMind
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I'll tell you what I think is interesting...

We're two hours into the day with an E on our name, yet we've had zero volume and no price drop. I expected there to be some dumping.

This is a good sign. Maybe people know and understand that we're at the bottom and that the E is temporary.

Consider MOTG(E) on sale, folks. This is a good buy.

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binsleep
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MODC(E) [Smile]
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bobcat88
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Time for some comic relief, yes it relates to MODC even.

A mother and her two children, Jon and Adam, wander into the local mall for an afternoon of shopping. The first store they find is an electronics store. Jon looks around and tugs on his mother's sleeve.

"Mom, mom! Can I have a new TV, a Playstation 2 AND an X-Box?"
"Sure dear, whatever you'd like", replies the mother.

By now Adam has had a look around and returns to his mother, tugging at her sleeve.

"Mom, mom! I need some new batteries for my alarm clock, I keep sleeping in and missing school..."
"No son, we can't afford them, sorry.", mutters the mother.

The family moves on and finds the next store, a furniture and bedding store. Once again Jon is the first to run in and have a look around.

"Mom, mom! I want a new bunk-bed, a new dresser, and these big fluffy pillows over there! The star-warz ones!"
"Sure son! Anything you'd like...", replies the mother.

Adam peaks inside the store and caustiously turns to his mother...

"Mom, do you think I could get a blanket for my bed...? The sheet that I have is awefully cold during the night..."
"Hmm... no sorry son, not this time...", sighs the mother.

The family moves on, Jon skipping happily and Adam sulking somewhere behind his mother. By now it's getting late and they only have time for one last store, which by chance is a candy store!

Jon's eyes grow wide as he takes in the sheer size of the store and all the candy therein.

"MOM!!! MOM! I want Jolly Ranchers, Starburst, Sweet Tarts, Licorice, Mike & Ikes, Nerds, a Mars Bar annddd... SOUR PATCH KIDS!"
"Anything you want Jon!" laughs the mother.

Adam had decided he wouldn't say anything, but couldn't resist trying anyways...

"Could.... could I get some juice, from the back of the store there...? my throat really hurts...", Adam whimpers.
"You'll just have to wait, we have water at home...", replies the mother.

With Adam almost in tears and Jon happy as a clam the family decides it's time to go home. On the car ride home Jon starts to gloat and make fun of Adam who didn't get anything...

"Look at all this great stuff I got! Haha you didn't get anything. I have a TV, all these cool games, a comfy bed and tons of candy! I'm not gonna share any of this with you either, 'cause you don't even have anything for me in return! Whadya think about that!!!" Jon says laughing and poking Adam.

Adam has had enough and looses his temper...

"YEAH MAYBE I DON'T HAVE COOL TOYS AND CANDY, BUT AT LEAST I DON'T HAVE CANCER!!!" screams Adam.

--------------------
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msholdem
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quote:
Originally posted by binsleep:
quote:
Originally posted by northwoods:
quote:
Originally posted by binsleep:
FWIW, this is what I found out about the technology involved.

They will be using standard lab equipment to examine tissue samples which are fed into a high-end computer system. The system contains software which Dr. Rasnick has invented. Once analyzed, the machine is able to report the amount of aneuploidy (or lack thereof) along with high resolution images of the cell structure of each sample.

The system does not detect 'Cancer' as stated in pr's. It detects 'aneuploidy' (chromosome imbalance involving an abnormal
number of chromosomes), which is a theory as to the underlying cause of cancer.

Actually, you are only half correct. It is no secret that cancerous cells contain a chromosome imbalance. What is still under debate is whether or not cancer causes the chromosome imbalance or the chromosome imbalance causes cancer (the old chicken vs egg debate). The system does in fact, detect Cancer by determining whether or not there is a chromosome imbalance. The aneuploid theory which Dr. Rasnick and Duesberg have come up with adds validity to why there is a chromosome imbalance in cancerous cells in the first place.

The implications of this theory are huge, probably moreso than the advent of the technology which detects it IMO.

It sounds to me like you are saying that anyone with a chromosome imbalance has cancer. Is that correct?
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binsleep
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The way I understand it, the system which these men have designed is able to detect cancer by analyzing chromosomal imbalances in a sample. How they do that is beyond me, but I certainly wasn't implying that anyone with a chromosome imbalance has cancer.

There is a LOT of interesting reading on the web regarding this subject. I've been trying to learn more about it, since MODC made the announcement. If you get a chance, you may want to take a look.

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bobcat88
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Modern Technology Corp Announces Marketing Name for Its Cancer Detection System

OXFORD, Miss., Oct 19, 2006 (PrimeZone Media Network via COMTEX) -- Modern Technology Corp (OTCBB:MODC), a diversified technology development and acquisition company, announced today the marketing and industry branding name for its cancer detection system. The new name will be "AnuCyte." This name accurately reflects the concepts of chromosomal imbalance (Aneuploidy) and the examination of cells ("cyto").
As investors may recall, Modern Technology Corp recently signed an LOI to acquire 100% of the physical assets and intellectual and technology rights to the Boveran cancer detection system. A new subsidiary of Modern, Insight Medical Group, will market the cancer detection service to the multi-billion dollar international market for cancer diagnostics. Modern Technology Corp anticipates executing the definitive Asset Purchase Agreement in a timely fashion and will file a Form 8K. The transaction requires no cash to be paid or debt to be incurred. The consideration used in the transaction is Convertible Preferred Stock, an equity building instrument.
Anthony Welch, Chairman, said: "We will have the cancer diagnostic lab open soon and our marketing efforts will begin immediately. As part of our marketing efforts, we need a clear and concise name conveying the fundamental concepts underlying our system. As stockholders will note, the AnuCyte system can detect, all forms of cancer accurately, automatically, and quickly through the analysis of aneuploidy -- the trait shared by all cancer and never seen in healthy cell. Cancer is advanced aneuploidy. Advanced aneuploidy is cancer. They are one in the same. All cancers have advanced aneuploidy, healthy cells never have it. The AnuCyte platform has been well tested and is the only technology in the world that can detect all forms of cancer automatically. The accuracy rate of the test is far, far beyond any rates of test accuracy of any diagnostic approach in the world. We will soon release a complete new website with a tremendous amount of material and information on cancer and how the AnuCyte system can accomplish what it does."
AnuCyte is the only system in the world that detects the single trait common to all forms of cancer. This trait is not found in any healthy cell. The system rapidly and accurately identifies cancer at any stage in its development and also identifies healthy cancer-free cells in the same test. The system is unique in the world and can be applied to any form of cell sample suspected of cancer and return a reliable test result within minutes. The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world. The Boveran system is the first and only system in the world that can accurately detect and assess the chromosomal imbalance of cancer. This ability allows the system to quickly and accurately identify both cancerous and non-cancerous cells.
Investors may wish to read a recent article in Newsweek concerning the cancer research of Dr. Duesberg:
http://www.msnbc.msn.com/id/14757547/site/newsweek/
About Insight Medical Group
Insight Medical Group is a specialized biosciences development company whose mission is to bring world-changing medical technology and research to market in the areas of cancer and AIDS. The Boveran Cancer Detection System was invented by Dr. David Rasnick, Phd. The technology and chromosomal imbalance theory is the result of 45 years of combined cancer research by Dr. David Rasnick, Phd and Dr. Peter Duesberg, Phd, who continues his studies on cancer research at the University of California, Berkley.
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. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. 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.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Modern Technology Corp

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richone
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Interesting developments going on here, should be good for a few more pump and dumps at least.

Interesting name they chose. Is it pronounced "annewcite" or is it pronounced "anus ite" If it's the latter, I reckon they named it after the CEO. GL, hope this rockets!

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msholdem
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quote:
Originally posted by northwoods:
quote:
Originally posted by binsleep:
quote:
Originally posted by northwoods:
quote:
Originally posted by binsleep:
FWIW, this is what I found out about the technology involved.

They will be using standard lab equipment to examine tissue samples which are fed into a high-end computer system. The system contains software which Dr. Rasnick has invented. Once analyzed, the machine is able to report the amount of aneuploidy (or lack thereof) along with high resolution images of the cell structure of each sample.

The system does not detect 'Cancer' as stated in pr's. It detects 'aneuploidy' (chromosome imbalance involving an abnormal
number of chromosomes), which is a theory as to the underlying cause of cancer.

Actually, you are only half correct. It is no secret that cancerous cells contain a chromosome imbalance. What is still under debate is whether or not cancer causes the chromosome imbalance or the chromosome imbalance causes cancer (the old chicken vs egg debate). The system does in fact, detect Cancer by determining whether or not there is a chromosome imbalance. The aneuploid theory which Dr. Rasnick and Duesberg have come up with adds validity to why there is a chromosome imbalance in cancerous cells in the first place.

The implications of this theory are huge, probably moreso than the advent of the technology which detects it IMO.

It sounds to me like you are saying that anyone with a chromosome imbalance has cancer. Is that correct?
Is this statement a fact or a theory?


"Cancer is advanced aneuploidy. Advanced aneuploidy is cancer. They are one in the same".

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Why are you asking regular people who simply trade stocks? Go ask a doctor or scientist. Oh wait, the person making the statement is one... I'm sure you'll find someone who will disagree with him... he's considered a renegade in the medical community. That's not necessarily a bad thing... many advancements in science and technology have been made by rebels and renegades who refuse to conform.

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msholdem
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quote:
Originally posted by WarpedMind:
Why are you asking regular people who simply trade stocks? Go ask a doctor or scientist. Oh wait, the person making the statement is one... I'm sure you'll find someone who will disagree with him... he's considered a renegade in the medical community. That's not necessarily a bad thing... many advancements in science and technology have been made by rebels and renegades who refuse to conform.

I was hoping that someone with "sources", like yourself could provide some answers. Most regular people don't have "sources".

It seems to me that the medical community would have to accept the "theory" of a "renegade" before the system could be marketed.

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All I can tell you is that I'm not a doctor or a scientist (nor do I play one on tv), so I can't comment on your fact or theory question.

I disagree that the medical community (as a whole) has to accept the system as credible in order for it to be marketed. Widely marketed, yes. Marketed, no. This system has yet to prove itself on the mainstream and must successfully do so before it becomes a mainstream product... but it only takes a few consumers who believe in the product and a few legitimate and verifiable success stories and testimonials to get the medical community to take notice. Just my two cents.

By the way, if I say that my sources answered your question with the word "fact", would that be enough? :-)

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msholdem
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Warped. i asked the question because the pr makes this statement sound like a fact.

"Cancer is advanced aneuploidy. Advanced aneuploidy is cancer. They are one in the same".

Yet, the same pr states:

The technology and chromosomal imbalance theory is the result of 45 years of combined cancer research by Dr. David Rasnick, Phd and Dr. Peter Duesberg, Phd, who continues his studies on cancer research at the University of California, Berkley.


'By the way, if I say that my sources answered your question with the word "fact", would that be enough'?

Looking back at your previous posts, i would say no. If your sources were any good they would have told you about the rs. Or did they?

You could convince me that your sources are good by forwarding them a few test questions. Do you want me to post them again?

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