Encounter Technologies, Inc. (ENTI) Board of Directors Declare Common Stock Dividend Board Resolution
October 14 2010 - 12:24PM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces the Board
of Directors of Syndication voted to approve a 5% Restricted Common
Stock Dividend for all shareholders of record as of 30 days from
the date of October 14, 2010 (Official Record Date is November 15,
2010). On this date (November 15, 2010), the shareholders of record
will receive a restricted stock dividend equivalent to 5% of their
recorded shareholdings. The shares will be restricted for a period
of 1 year and will be eligible for free trading on that anniversary
date. A recent increase in authorized shares in the company will be
used to fund this shareholder dividend.
"This decision will give greater value to our shareholders and
at the same time stop for 30 days the short selling by market
makers who intentionally hold down the share price of the stock for
their own gain," states CEO Anthony DiBiase. "During the next 30
days, market makers will be prevented from short selling our stock.
I highly recommend that everyone who invests in the OTC markets
read the following article titled 'Games Short Sellers Play'
published by Bloomberg Markets online at
http://www.buyins.net/articles/gamesshortsellersplay.pdf."
About Encounter Technologies, Inc. (ENTI)
Encounter Technologies, Inc. provides end-to-end technology and
online marketing services, including design, build, hosting, and
online marketing support. We specialize in social media, video
technology, and online entertainment web solutions. Encounter
Technologies, Inc. utilizes their pre-built applications to provide
the platforms in which to base solutions for businesses looking to
utilize video technology to increase online collaboration and
interaction. Our goal is to provide our 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 http://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.
Copyright © 2009 eTeligis.com All Rights reserved.
CONTACT: Gerrard Hollister Investor Relations (310) 909-7988
ENTI@GerrardHollister.com
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