Encore Energy and Modern Technology Corp Announce First Planned Caribbean Project

The planned pilot energy project includes the Company's geothermal grey- water heat exchanger technology and solar water heating systems. The project site is a self-contained complex spanning 3 acres with office suites and residential units. The systems will support 140,000 gallons of heated swimming pools, six water heater units and 30 tons of environmental control HVAC using the company's geothermal heat-exchanger technology.

The Company intends for local and regional government officials to participate in the project. The project is intended to serve as a model and showcase installation and to further promote the Company's geothermal expansion in the region.

Caribbean power generation depends on expensive oil that burdens local economies and hinders growth. The planned showcase installation will reduce electrical hot water generation costs by an estimated 95% and HVAC heating/cooling costs by an estimated 40% to 70%. The price per kilowatt-hour of electricity is one of the highest in the world. This showcase geothermal project will clearly demonstrate the rapid return on investment for the installed systems.

Through this planned project, the Company will introduce energy-saving geothermal and solar technologies to the Caribbean and promote job creation. The Company believes this project will not only provide a shining example to residents, businesses and governments, but also demonstrate the potential of this energy-saving and cost-effective system.

About Encore Energy

Encore Energy owns the patents for the use of grey-water and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. Learn more at http://www.encoreenergyinc.com.

About Modern Technology Corp

Modern Technology Corp is a specialized acquisition company obtaining majority control of promising private or public companies for execution of a 'turn-around' strategy and subsequent spin-off. The Company targets opportunities with undervalued assets or purchasable convertible debt. The Company builds revenues and asset value through a model continuous growth-by- acquisition. Our income is derived from license and revenue agreements and the sales of securities obtained from its portfolio holdings. The Company's web address is: 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. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.

    Investor Relations:
    Contact:  Encore Energy Systems, Inc.
              Investor Relations
              1-888-234-0963
              info@encoreenergyinc.com

SOURCE Encore Energy Systems

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