Modern Technology Corp Subsidiary, Sound City, to Open Third Retail Location
Posted on: Friday, 20 January 2006, 18:00 CST
Modern Technology Corp (OTC BB: MOTG), a diversified technology development and acquisition company, announced today its subsidiary Sound City will open its third retail location. This new store opening will be styled as an 'outlet' store where clearance items and other selected inventory items will be sold.
Anthony Welch, Modern Technology Corp's Chairman, said, "As promised to stockholders, we further expand Sound City with its third location. This new store brings our retail presence to three locations as promised and provides a conduit for rapid inventory clearance. This new store opening is another positive step under our model of continuous growth and another fulfilled commitment to stockholders."
About Modern Technology Corp
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.
We are a public company trading under the symbol "MOTG" on the OTCBB
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 Web: www.moderntechnologycorp.com
SOURCE: Modern Technology Corp
Source: MARKET WIRE
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