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 companyıs 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.
Modern Technology Corp acquires key technologies and synergistic companies creating revenue and cost benefit from the introduction of both nascent and pre-existing products and technologies. MOTG creates growing shareholder equity supported by stable, strong revenues and assets. MOTG has declared both stock and cash dividends with its most recent cash dividend paid in March of 2004. To enhance investor awareness and promote institutional participation, MOTG intends to apply for a listing on a larger stock exchange as soon as is practicable.
With completed transactions and the anticipated closing of ones under consideration, MOTG expects 2005 revenue of between $25 million and $50 million. With transactions under consideration for the second half of 2005, they expect 2005 revenue could be between $50 million and $75 million. The Company cautions that this guidance is their best, good faith estimate based on current conditions and numerous assumptions about the industry, access to financing, the competitive and regulatory landscape and its ability to successfully complete the acquisitions.
Modern Technology provides business infrastructure, substantial intellectual capital, strategic investments, and ongoing support and revenue growth assistance to each individual company within its portfolio. In addition, the Company provides mentoring and assistance through collective operations experience, significant industry contacts, and strategic and tactical advice.
The company’s mission is to consistently build shareholder equity through accretive acquisitions, to continue providing both stock and cash dividends to its shareholders, and to create and promote synergistic relationships among portfolio companies and affiliates.