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.

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