Encounter Technologies, Inc. (ENTI) Notifies FINRA of Common Stock Dividend
January 12 2011 - 8:30AM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS:
ENTI) announced today the dates for its first shareholder stock
dividend for 2011. Shareholders of record 60 days from January 12,
2011 (Payable Date March 14, 2011) will receive a Restricted Stock
Dividend equivalent to one percent (1%) of their recorded
shareholdings no later than March 15, 2011. The shares will be
restricted for a period of one year and eligible for free trading
on that anniversary date.
"We want to thank our shareholders for their continued loyalty
and support," stated Encounter Technologies
CEO, Anthony DiBiase. "This decision gives greater value to our
current shareholders, will attract new investors to the company,
and at the same time minimize stock price shorting by market
makers. With our premier site MusicMatrix.com
officially launched and the successful release of four exclusive
contests and videos last month for hip hop superstars Maino, Jae
Millz, Chris Brown, Gorilla Zoe and Vado, we are ready to move
ahead in 2011 with more exciting new music video contests."
Encounter Technologies confirmed that this
is the first of four quarterly dividends planned for this year.
Shareholders of record will receive a Restricted Common Stock
Dividend equivalent to 1% of their recorded shareholdings for each
quarter in 2011. Specific dates and instructions for additional
quarterly Common Stock Dividends will be released as available.
ABOUT ENCOUNTER TECHNOLOGIES, INC.
(PINKSHEETS: 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 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
www.encountertech.com.
ABOUT MUSICMATRIX
Providing distinctly unique features that allow never before
achieved synergy between artists and members, MusicMatrix is the only place where dynamic and
creative minds can gain access to the most revolutionary video
editing technology. MusicMatrix is an online
platform which allows aspiring artists, video editors, and music
fans worldwide to seamlessly upload, edit, and premier video
content with its groundbreaking user-friendly editing tools.
MusicMatrix also serves as a rapidly
expanding social network where members can engage with their
favorite artists and create custom videos from exclusive content of
highly sought after musicians. Basic membership is free; however,
Advanced and Master Memberships are obtainable and include enhanced
features. MusicMatrix will provide its
members with the opportunity to garner income, as well as gain
recognition from celebrities and prominent figures within the music
and creative industries. For more information, visit
www.musicmatrix.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.
Contact: Sheri Cook Director of Marketing
press@encountertech.com
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