OUR NEW PICKS – EXPU & MODC
EXPU – EXPERT GROUP, INC. – With a float of 14.8M this one could take off! Expert Financing & Investments specializes in refinance loans, home mortgage loans, and new home purchases as well as foreign national loans. We haven’t touched anything int he mortgage industry in a while, but it looks like this is on the move to $.10.
MODC – MODER TECH CORP – This is our new sub-penny play. We are going to get in this before the crowd.
Modern Technology Corp Announces Company-Wide Realignment With New Executive Team and Green Energy and Power Production Focus.
RENO, NV, Sep 14, 2009 (MARKETWIRE via COMTEX) — Modern Technology Corporation (PINKSHEETS: MODC) announced today it has reorganized the company and re-focused its strategic objectives. Going forward the company will specifically focus its operations and acquisition efforts solely within the energy production and alternative energy sectors.
The company has previously focused on opportunistic and horizontal sector acquisitions. These acquisitions, while promising, required far more capital and ongoing funding than current capital markets allow. The company will now focus solely on vertical applications within the energy industry and related acquisitions that are self-sustaining or have far lower capital requirements to achieve ongoing profitability.
The Company believes this more vertical and conservative approach will provide stockholders with the most advantageous path to long-term equity growth.
The Company’s executive management team will be replaced in its entirety. Shareholders can expect regular updates on the company’s transition, new operations, and strategic plans for the remainder of 2009 and 2010.
Shareholders will retain their current ownership in the company and no reverse or forward split of the stock will occur as part of the company’s restructuring. The Company will not change its name or ticker symbol.