Modern Technology Corp Announces Acquisition Terms For Boveran Cancer Detection System Designed By Dr. David Rasnick And Dr. Peter Duesberg

OXFORD, Miss., Oct. 3, 2006 (PRIMEZONE) -- Modern Technology Corp (OTCBB:MODC), a diversified technology development and acquisition company, released today the material terms of its cash-free acquisition of 100% of the physical assets and intellectual and technology rights to the Boveran cancer detection system. Insight Medical Group will be the operational arm that will bring the technology to a multi-billion dollar international market for cancer diagnostics.