This document proposes a new block cipher cryptosystem called Modified Forward Backward Overlapped Modulo Arithmetic Technique (MFBOMAT). MFBOMAT divides a message into blocks of varying sizes from 2 to 256 bits. It then performs modular addition on overlapping pairs of blocks in a cascading manner from the most to least significant bits. For decryption, modular subtraction is used. The algorithm is implemented on sample 32-bit messages to demonstrate the encryption and decryption process. Analysis shows the encrypted text is well distributed over the character space providing security. MFBOMAT encryption time is comparable to other techniques like RSA and FBOMAT based on tests on sample files.