ATG is an international technology company consolidator with an emphasis
on expansion into Western and Asian markets. Pro-forma consolidated revenues
exceed
The LOI is subject to customary due-diligence, transaction funding, and
expires
No reverse or forward split or re-capitalization of the Company's stock will occur as part of this transaction. MODC has 35,659,484 shares issued with 150,000,000 authorized.
The transaction is part of previously disclosed plans to divest unprofitable operations, eliminate debt, and provide strong equity growth. The Company believes it has substantially achieved its objectives and continues to execute its plans accordingly.
About Modern Technology Corp
MODC acquires promising technology companies and related assets to promote their growth and development. The company builds revenues and asset value through a model of continuous growth and derives income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections regarding future performance) that are forward-looking 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 and prior SEC filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.
Contact: Investor Relations 1.954.727.5468
SOURCE Modern Technology Corporation