SOURCE: Encounter Technologies, Inc.

April 13, 2011 07:30 ET

Encounter Technologies (ENTI) Announces Forward Stock Split

NEW YORK, NY--(Marketwire - Apr 13, 2011) - Encounter Technologies, Inc. (PINKSHEETS: ENTI), a Company specializing in social media, video technology and on-line streaming solutions, announced that it has authorized a 1.033 for 1 forward stock split of the Company's common shares. The record date for the forward split will be April 29, 2011 which means all ENTI Shareholders of record on that date will receive additional shares in ENTI. The appropriate paperwork for the forward split was filed online with FINRA on April 12, 2011.

"This forward split is another step forward in our evolution as a Company and credible enterprise," stated Encounter Technologies CEO Anthony DiBiase. "It is also part of the plan to accommodate the pending one-for-one dividend from Pegasus Tel, Inc. 'PTEL.' As a result of this forward split, all ENTI shareholders will increase their stock holdings on the record date by 3.3 % which will also increase the shares they will receive from the dividend in Pegasus, a fully reporting company trading on the Bulletin Board."

On March 30, 2011 DiBiase was named the new CEO for Pegasus Tel, Inc. and as a result he declared a one-for-one dividend for ENTI Shareholders. On a dividend payable date to be announced, all current ENTI shareholders will receive one share of Pegasus for each share they hold in Encounter Technologies.

"With the recent announcement of my pending acquisition of PTEL, this forward split further increases the stock value for current and potential ENTI Shareholders in two public companies," concludes DiBiase.

To coincide with this announcement, Encounter Technologies CEO Anthony DiBiase will release a Podcast today at 10:00 AM EDT. To access the Podcast, please visit


Encounter Technologies, Inc. specializes in social media, video technology and on-line entertainment web solutions. The Company utilizes pre-built applications to provide platforms for businesses interested in utilizing video technology to increase online collaboration and interaction. The goal is to provide 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

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 Information