SOURCE: Encounter Technologies, Inc.

April 16, 2010 13:30 ET

Encounter Technologies, Inc. (ENTI) Announces Financing Agreement With Spire Investment Group for up to 10 Million Dollars to Fund Premiere Web Site MusicMatrix.com

NEW YORK, NY--(Marketwire - April 16, 2010) - Encounter Technologies, Inc. (PINKSHEETS: ENTI) announced today the company negotiated a financing contract with Spire Investment Group for up to ten million dollars to support their June 2010 launch of their web site MusicMatrix.com. Traunches will be invested into Encounter Technologies, Inc. (ENTI) on a monthly basis. The financing has been put into place to support the promotional campaign with Mpower Entertainment for MusicMatrix.com

About Spire Investment Group, Inc.
Spire Investment Group's® approach to investing in commercial/residential real estate, online media, and much more is based on the underlying principle that the client comes first. Founded by Mr. Bryan Bardes, and Mr. Eric Kafrawy in 2008, SIG has driven to exceed our client's investment expectations by building a strong relationship as the foundation to this success. This simple concept has become the cornerstone of SIG's investment philosophy.

About MusicMatrix.com
On MusicMatrix.com, users are able to participate in music video editing competitions in order to win both prizes and recognition. Encounter Technologies, Inc. (ENTI) has developed a cutting edge, innovative, and simple to use platform for MusicMatrix.com which facilitates the video uploading, editing, sharing, and viewing experiences. By creating an environment which rewards both innovation and creativity, users are given the incentive to implement their own unique online marketing campaigns in order to expose a particular artist or song to populations and demographics not typically reached through standard mass campaigns.

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 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.

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