Modern Technology Corp. To Acquire VitalCare Technology Enterprises, Signs Letter Of Intent

Modern Technology Corp, a bioscience technology development and acquisition company, announced today it has entered into a Letter of Intent to acquire 100% of VitalCare Technology Enterprises. The complete Letter of Intent will be timely filed under a Form 8K with the SEC.

MODC and VitalCare will work closely together to expand VitalCare’s current marketing, distribution and expansion plans within the healthcare marketplace. As part of the contemplated agreement between the companies, VitalCare will seek to expand, establish, and otherwise promote the AnuCyte Cancer Detection System throughout its marketing areas and relationship networks.

Anthony Welch, Chairman, said: “We continue our strategy of bioscience acquisitions and building an infrastructure compatible with the promotion and sales of various medical devices and related services. VitalCare will be of great value to us as we prepare for our initial marketing and sales efforts for our AnuCyte Cancer Detection lab service.”