Encounter Technologies, Inc. (OTCPINK ENTI) Announces Change in Corporate Officers, Proposed R/S, Corporate Websites, and St...
September 16 2013 - 3:58PM
OTC Markets
Encounter
Technologies, Inc.
(OTCPINK ENTI) Announces Change
in Corporate
Officers, Proposed R/S, Corporate Websites, and Strategy for
Profitability
September 16,
2013: Encounter Technologies, Inc. (PINKSHEETS:
ENTI) is pleased to announce a
complete change in corporate officers, proposed
R/S, corporate websites and business strategy for
profitability.
Encounter Technologies, Inc. (?Encounter?) will also host a
webinar on
September 21, 2013 at 12:00PM EST to answer questions from existing
and
prospective shareholders.
Thomas Hargis,
former CEO of
Encounter Technologies has resigned as CEO of Encounter effective
June 5, 2013,
and appointed Patrick Sean Guy II as new CEO and Carrie Cosner as
CFO. In
addition, Alice Guy has been appointed as
Vice-President. This
team also comprises the current Board of
Directors. The
Encounter team includes a
diverse group of business executives from several industries
including marketing,
web development, online commerce, internet technology, marketing,
real estate,
commercial construction, antiques, optical, and performance cycling
retail
operations. This team
will continue to
utilize their experience and business expertise to launch several
online retail
stores that are currently in design and development in industries
that they
have already developed distribution accounts with from their prior
business
experiences to achieve revenue for Q4 2013.
Three separate niche market
online stores are in development with a
planned official launch on or before October 31, 2013 in order to
take
advantage of the holiday shopping season.
They include
http://www.edesignerglasses.com,
http://www.eantiquesdealer.com,
and http://www.eperformancebikes.com.
Encounter is
also in
negotiations to purchase an equity participation in a privately
held company
that is launching in February 2014 a video-on-demand and streaming
web channels
with family friendly movie titles and Christian music
videos. Major details
of these ongoing plans will be
announced following the completion of Encounter?s 30:1 reverse
split noted
below.
Encounter
is committed to
keeping its shareholders informed of all substantial developments.
The current
team has no intentions of embellishing any of its business plans or
engaging in
promises that it cannot keep. The team
will strive to continue to improve ENTI?s position in the
marketplace with
real, proven results that speak for themselves. It is currently preparing
the required documents
and financial reports to OTC Markets in order to bring it current
with
OTCPink. While the team
recognizes that
there is a lot of work to be done to develop increased and
sustainable
shareholder value, Encounter?s plan is to continue to upgrade its
position in
the OTC Markets with full disclosure, timely reporting, and
profitable business
operations.
With the issued
share count
at 14,740,350,085 when the current team was appointed, a 30:1
reverse split was
deemed necessary to reduce the number of issued shares to a
reasonable number
in order to increase existing shareholder value and attract future
investors. Encounter
is in the application process with FINRA to perform this 30:1 R/S.
Additionally, a
cancellation in the total number
of authorized shares and removing ENTI from the DTCC chill status
is in
Encounter?s immediate plans.
Encounter will
conduct its
first webinar on Saturday, September 21, 2013 at 12:00 PM which
will highlight
the latest launch details, site updates and take questions from
shareholders
about the status of prior Encounter products and management
activities and
current plans. To
participate in this
webinar, please register at https://attendee.gotowebinar.com/register/7623819366517208578.
Following registration, you will receive an
email with instructions how to attend via telephone only or via a
PC or Mac
computer.
About Encounter Technologies, Inc.
(ENTI):
Encounter Technologies, Inc. provides
end-to-end technology
including but not limited to the design, build, and complete
operation of
online retail stores and utilizing its position in the public
marketplace to purchase
equity position in existing businesses utilizing online technology.
We will
utilize social media and cost effective online marketing to launch
our
specialized niche products for worldwide distribution. The Encounter is focusing on
industries that
can bring revenue into Encounter for the 4th quarter of
2013 and
achieve not only revenue, but profitability for 2013 and
beyond. .
More information about Encounter?s new team
and upcoming plans can be found at http://www.enticorp.net
. Encounter will be
also use its twitter
account https://twitter.com/EncounterENTI to inform investors of material
information
that has been added to the website. (@EncounterENTI)
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. Words such as "expects,",
?strives?, "intends," "believes," "anticipates,"
"should," "likely", ?will? and similar expressions identify
forward-looking statements. 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 retail stores
that Encounter is launching
relies on business relationships with related parties, and it
should be noted
that while Encounter strives to structure these business
relationships for the
best interest and profitability of Encounter?s shareholders, the
Encounter
retail stores do rely on the management?s prior relationships with
both personal
and related party existing business enterprises that may also
profit from this
relationship.
Investors and security
holders may obtain more
detailed information regarding the direct and indirect interests of
Mr. Guy II,
Ms. Cosner and Ms. Guy by reading the joint proxy
statement/information
statement/prospectus provided on the company?s that will be posted
on the
corporate website prior to various websites? official
launch. The
forward-looking statements in this
release are made as of the date hereof and Encounter Technologies,
Inc. undertakes
no obligation to update such statements.
Contact: Carrie Cosner, CFO and
Marketing Representative, Encounter Technologies, Inc.,
ENTI.PK, info@enticorp.net,
301-992-4430,
16110 Everly Road, PO
Box 2809, Hagerstown, MD 21740.
Encounter Technologies (CE) (USOTC:ENTI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Encounter Technologies (CE) (USOTC:ENTI)
Historical Stock Chart
From Aug 2023 to Aug 2024