Pegasus Tel, Inc. (PTEL:OTCBB) Reveals Sneak Preview of Exciting Updates on MusicMatrix.com

NEW YORK, Aug. 31, 2011 /PRNewswire/ -- Pegasus Tel, Inc., (PTEL:OTCBB) specializing in the sales and marketing of social media, video technology and on-line streaming video platforms, announces a dramatic re-launch featuring new design and content for its premiere interactive site, MusicMatrix.com.  "A sneak preview, now available at MusicMatrix.com, reveals a fresh, vibrant look and enhanced functionality for users," announces Pegasus CEO Anthony DiBiase. "The updates are more than just cosmetic and will improve the overall MusicMatrix experience."

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 new site will promote free membership options and simplify the sign-up process. Free members will now 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.

MusicMatrix allows artists to engage with their fans.  New features will cultivate this exclusive interaction.  The site will also focus on discovering rising stars in the music industry with membership levels and opportunities specifically for aspiring artists. MusicMatrix users will enjoy improved site navigation and sharing capabilities including the ability to scroll through the latest music videos on the homepage and download videos with embed codes.  In addition, the new site design lends itself to improved access for mobile devices.

Pegasus will announce the re-launch date in the coming weeks. For the sneak preview, please visit www.MusicMatrix.com.  

ABOUT MUSICMATRIX.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.  

For more information, please visit:
www.MusicMatrix.com.
Twitter:  @YourMusicMatrix
Facebook:  www.Facebook.com/YourMusicMatrix
Youtube:  www.youtube.com/YourMusicMatrix

ABOUT PEGASUS TEL, INC. (PTEL:BB)

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.

INVESTOR RELATIONS CONTACT:

Pegasus Tel, Inc.
[email protected]

SOURCE Pegasus Tel, Inc.