Payment Sent 719 Save up to 30% off your UK Car Insurance  Great value car insurance. Save up to 30% off your Car Insurance when you  order online. Compare car insurance quotes from some of the UKÃ¢ÂÂsÂ  leading car  insurers. Apply online today for free no-obligation quotes. http://www.speedyfinance.co.uk/carinsurance.htm Postal address:Â  Suite 238,Â  14 Tottenham Court. Road.Â  LONDON W1T  IJY Â  ___________________________________________ Â  Â  Modern Technology Corp. Announces        Significant Next Phase of Corporate Development  ALERT: SEE PRESS ON JUNE 16TH. MOTG is on track for huge 2005 and 2006.Â  OXFORD, Miss., Jun 14, 2005 (PRIMEZONE via COMTEX) -- Modern        Technology Corp. (OTCBB: MOTG ) a diversified technology development and        acquisition company announced today the official launch of its next phase        of growth and operational strategy. The company's next phase of growth        centers upon the acquisition of nascent commercial technologies and        introducing them into the sales and distribution channels of existing MOTG        subsidiaries and partners.       Anthony Welch, Modern Technology Corp.'s Chairman said, "As our        stockholders are aware, over the past year we have met our goals and our        performance record speaks for itself. We now continue executing our vision        of technology acquisition and market development. We accomplish this        through acquiring successful operating companies and combine these        operations with the introduction of newly acquired technology products.        For example, our subsidiary Sound City, has a database of        over 900,000 customers nationwide and an expanding retail footprint        combined with a significant inventory and distribution infrastructure.        Introduction of new consumer technologies is quite straightforward for us.        We recently announced an LOI to acquire a key software technology. We will        release more details on that shortly along with news of other        acquisitions."        MOTG's rapid growth and success demonstrate the power of its model. MOTG        acquires key technologies and synergistic companies to market or utilize        the technologies. MOTG seeks to create growing shareholder equity        supported by stable, strong revenues and assets. MOTG has previously        declared both stock and cash dividends. The last cash dividend was in        March of 2004.  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:        www.moderntechnologycorp.com .  Â  Â rcollard@selectequitiescorp.net To Join Market Movers Mailings http://MOTGstock.com to find out more.  go here , to be taken permanently out of our lists:  Â  Â  If you would like to be excluded in the future from our  mailing list, just  click here and send us an opt-out request email or reply this email with subject  remove. gux