SOURCE: Encounter Technologies, Inc.
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April 23, 2010 09:00 ET
Encounter Technologies, Inc. (ENTI) Releases Revenue Projections of Over $11,664,000 for Patented Video Sales Platform (VSP) in the Yellow Pages Industry
NEW YORK, NY--(Marketwire - April 23, 2010) - Encounter Technologies, Inc. (PINKSHEETS: ENTI), today announced gross revenue projections for its Video Sales
Platform (VSP) product line for the quarters ending December 31, 2010,
March 31, 2011, June 30, 2011 and September 30, 2011.
Through VSP, Encounter Technologies, Inc. (ENTI) will begin offering a turn
key solution to publishers to bring online video commercials to their
current "text only" small business customers which are looking to advertise
their businesses, products, and/or services online. In addition to their
cutting edge technology, Encounter Technologies, Inc. (ENTI) has a network
of over 1,500 independently contracted camera operators nationwide and will
continue to scout top level talent through its launch date. Richard
Dibiase, President of Encounter, commented, "There are certainly other
online video production options available to businesses on the internet;
however, there is no technology like ours that offers publishers a complete
turn key solution with the ability to manage the entire video
implementation process from start (sale of video) to finish (video streamed
online)."
Encounter Technologies, Inc. (ENTI) projects it will sell over 12,960 video
products and gross $11,664,000 in revenue by September 30, 2011. The
specific packages were not announced; however, on average the company
anticipates $900 in gross revenue per product in addition to the actual
video production revenues. Specific details were not available; however,
they will be announced in the near future.
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Three Months Three Months Three Months Three Months
Ending Ending Ending Ending
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Dec 31, 2010 Mar 31, 2011 June 31, 2011 Sept 30, 2011
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Total Average
Videos:
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End of Period 6,480 8,640 10,800 12,960
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Gross Revenue:
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End of Period $5,832,000 $7,776,000 $9,720,000 $11,664,000
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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. (ENTI) 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.
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statements and projections include:
The highly competitive nature of our industry; current and planned
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made, are based on current expectations, and are subject to and involve
risks, uncertainties and assumptions, many of which are beyond our ability
to control or ability to predict. You should not place undue reliance on
these forward-looking statements and projections, which are based on
current expectations and speak only as of the date of this release.
Encounter Technologies, Inc. (ENTI) is not obligated to, and does not
undertake a duty to, update any forward-looking statement or projection to
reflect events after the date of this release, except as required by law.
The projected results for the quarters listed above may not be reflective
of results for any subsequent period. Encounter Technologies, Inc. does not
plan to update nor reaffirm guidance except through formal public
disclosure pursuant to Regulation FD.