OXFORD, Miss., Oct. 13 /PRNewswire-FirstCall/ -- Modern Technology Corporation (Pink Sheets: MODC) announced today its portfolio company, Generation H, has scheduled the shipping of its Gen-H On-Demand Hydrogen Generator.

The Gen-H system delivers increased fuel economy between 10% and 50%, based on the vehicle and driving conditions. The on-demand hydrogen system insures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine. The Gen-H system can be retrofitted to any year or make of vehicle, including large commercial trucks.

Generation H develops water-as-fuel and hydrogen based fuel systems and related power generation technologies. Generation H's markets include aftermarket install automobile and truck engines with proprietary hydrogen generator and fuel enhancement technology. Generation H's technology can increase any vehicle's fuel mileage 10% to 50%. Generation H's upcoming Hydrogen Power Generator turbine system is expected to deliver fuel savings of 80% by using captured exhaust heat to generate power.

Visit their web site at: http://www.genh.us

The Company will soon publish projections for Generation H's products and disclosure Risk Factors associated with its sector. The Company recently published periodic disclosures pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 at http://www.moderntechnologycorp.com/financing.htm

Revenues for the period ending September 30, 2008 were $24,050,155. 2008 projected revenues are expected to exceed $35,000,000. MODC has profitable portfolio targets under review. Should these acquisitions occur, revenues will be increased another $5-$15 million dollars.

About Modern Technology Corp

MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further 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.

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SOURCE Modern Technology Corporation