NEW YORK, Oct. 26, 2011 /PRNewswire/ -- Pegasus Tel, Inc. (PTEL:OTCBB), specializing in the sales and marketing of social media, video technology and on-line streaming video platforms, announced today it has commenced trading on the Berlin Stock Exchange (BE-Borse Berlin) in Germany under the trading symbol 7PT.BE
Anthony DiBiase, CEO of Pegasus Tel, said, "The listing on the Berlin Stock Exchange is another milestone in our long-term growth strategy. With a strong interest in internet technologies among European companies and investors, the BE listing will increase the visibility of our premiere web site MusicMatrix.com and extend our playing field by reaching into the European market. Trading in both the United States and Germany will provide Pegasus and MusicMatrix.com additional opportunities to advance us to the next level of commercial and marketing development."
MusicMatrix.com provides the ultimate destination for artists, directors, producers, video editors and music fans worldwide to upload, direct, edit and showcase music videos. The site will promote free membership options with a simple sign-up process. Free members will have access to the site's user-friendly editor and ability to enter contests. To support free membership, a new business model will allow global advertising on the site. "We feel that the ability to edit and create videos with unique content and special effects on our groundbreaking editor is the pearl in the oyster, and we want to give all MusicMatrix members the opportunity to try it," adds DiBiase.
ABOUT THE BERLIN STOCK EXCHANGE (BE-Borse Berlin)
Borse Berlin (or Berlin Stock Exchange) is a stock exchange based in Berlin, Germany, founded in 1685 through an edict of Great Elector Friedrich Wilhelm and is one of the oldest exchanges in Germany. In order to address internationalization and growing consolidation pressure, Borse Berlin has pursued a successful niche strategy since the mid-nineties, with a particular focus on trading the widest possible range of foreign stocks. With the advent of MiFID (Markets in Financial Instruments Directive), the exchange has decided to realign itself completely with its new market segment Equiduct Trading, the exchange will be truly pan-European. Equiduct Trading will allow Borse Berlin to expand its service offering, which until recently was primarily addressing retail investors, by offering custom made solutions for professional market participants. For more information, please visit www.boerse-berlin.com.
MusicMatrix.com is the premiere on-line destination for artists, directors, producers, video editors and music fans worldwide to upload, direct, edit and showcase unique video content with groundbreaking, user-friendly, video editing technology. MusicMatrix also serves as a rapidly expanding social network where members can share custom videos, engage in the promotion of their favorite artists, and win amazing prizes. The website recently gained global attention with the in-house production and release of Backstreet Boys Howie D's debut single "100" from his first solo album Back to Me. MusicMatrix.com is prominently featured in the opening credits of the video shown during the NKOTBSB Tour in US and Canada and on iTunes.
ABOUT PEGASUS TEL, INC. (PTEL:OTCBB) (7PT.BE)
Pegasus Tel, Inc. is a global leader in web based technology solutions and corporate headquarters of MusicMatrix.com. The primary goal of the Company's projects is focusing on constant innovation in emerging technology areas. We believe that our corporate partners will get only the best when they work with us. PTEL web based projects engage users with the core features of everyday life through innovative video streaming, web-based and mobile applications. We market and refine products from emerging technologies like mobile and social media, which enable our users to stay in 'constant connection' with their users through relevant and unique online marketing initiatives. Our solutions allow customers, employees, constituents, and shareholders to engage, communicate, connect and grow with others that share similar interests. Whether you are using a smartphone, a computer, or a tablet, PTEL's technology and platforms provide you with the optimal experience that you are looking for in an online platform. For more information on Pegasus Tel, please visit www.ptelcorp.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Encounter Technologies, Inc. under take no obligation to update such statements.
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SOURCE Pegasus Tel, Inc.