SOURCE: Encounter Technologies, Inc.

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.

Forward-Looking Statements

This news release includes "forward-looking statements" for the purpose of the "safe harbor" provisions within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and rule 3(b)-6 under the Securities Exchange Act of 1934, as amended. Any statements made in this news release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including statements that may relate to our plans, objectives, strategies, goals, future events, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. These forward-looking statements often include words such as "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "views," "projects," "should," "would," "could," "may," "will," "forecast," and other similar expressions.

These forward-looking statements or projections are based on reasonable assumptions at the time they are made, including our current expectations, plans and assumptions that have been made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Forward-looking statements or projections are not guarantees of future performance or results. Actual financial results, performance or results of operations may differ materially from those expressed in the forward-looking statements and projections. Factors that may materially affect such forward-looking statements and projections include:

The highly competitive nature of our industry; current and planned marketing and sales initiatives; the rapid technological changes in our industry; the current economic slow down or recession continuing in the United States; the state of the capital markets and the United States economy; our exposure to counterparty risk in our financial agreements; our ability to maintain adequate customer care and manage our churn rate; our ability to achieve planned growth rates; our ability to manage our rapid growth, train additional personnel and improve our financial and disclosure controls and procedures; our ability to secure the necessary spectrum and network infrastructure equipment; our ability to maintain and upgrade our networks and business systems; our ability to adequately enforce or protect our intellectual property rights and defend against suits filed by others; governmental regulation of our services, and the costs of compliance and our failure to comply with such regulations; our capital structure, including our indebtedness amounts; changes in consumer preferences or demand for our products; our inability to attract and retain key members of management; the performance of our suppliers and other third parties on whom we rely; and other factors described or referenced from time to time in our filings with the Securities and Exchange Commission.

The forward-looking statements and projections speak only as to the date 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.

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