Update: Encounter Technologies (ENTI) Announces Today is Final Day of Eligibility for Forward Stock Split

NEW YORK, April 28, 2011 /PRNewswire/ -- Encounter Technologies, Inc. (ENTI.PK), a Company specializing in social media, video technology and on-line streaming solutions, announces that today, Thursday, April 28, 2011, is the last day to purchase ENTI shares to be on record and eligible for the forward stock split. Shareholders of record at the close of business today will benefit from the 1.033 for 1 forward split. Per FINRA as received by the Company on Wednesday, April 27, 2011, "This corporate action will take effect at the open of business on Friday, April 29, 2011.  The symbol on this date will be ENTID.  Please note that the "D" will be removed 20 business days from Friday."

"As a result of this forward split, all ENTI shareholders will increase their stock holdings tomorrow by 3.3%," stated Encounter CEO Anthony DiBiase.  "It is also part of the plan to accommodate the pending one-for-one dividend from Pegasus Tel, Inc. (PTEL.BB)."

Questions about the forward split process should be directed to:

Mikki McGehee, Client Services
Pacific Stock Transfer Company
4045 South Spencer Street, Suite 403
Las Vegas, NV 89119
Email: [email protected]
Telephone: 702-361-3033 x 109
Fax: 702-433-1979

As the new CEO for Pegasus Tel, Inc., DiBiase declared a payment of Pegasus shares to ENTI in exchange for the MusicMatrix technology, which ENTI will distribute on a one-for-one basis to ENTI Shareholders. On a dividend payable date soon to be announced, ENTI will provide all current ENTI shareholders with one share of Pegasus for each share they hold in Encounter Technologies. "ENTI Shareholders have double the value with the Pegasus shares, and this forward stock split increases shares they will receive in Pegasus, a fully reporting company trading on the Bulletin Board," concludes DiBiase.

ABOUT ENCOUNTER TECHNOLOGIES, INC. (PINKSHEETS: ENTI) Encounter Technologies, Inc. specializes in social media, video technology and on-line entertainment web solutions. The Company utilizes pre-built applications to provide platforms for businesses interested in utilizing video technology to increase online collaboration and interaction. The goal is to provide clients with the best methods to increase user value and achieve desired business results. Simply put, Encounter Technologies, Inc. transforms ideas into revenues. For more information about Encounter Technologies, Inc., visit www.encountertech.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 undue 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.

CONTACT:
Encounter Technologies, Inc.
Sheri Cook
Director of Marketing
[email protected]

Industry Keyword:

Subject Code:  

Media and Entertainment:  Information Services

Professional Services:  Advertising, PR and Marketing

Media and Entertainment:  Television

Media and Entertainment:  Music and Radio

SOURCE Encounter Technologies, Inc.