SOURCE: Encounter Technologies, Inc.

December 07, 2010 07:40 ET

Encounter Technologies, Inc. (ENTI) Announces Annual Common Stock Dividend

Quarterly Dividends Will Be Issued to Increase Shareholder Value

NEW YORK, NY--(Marketwire - December 7, 2010) - Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces the Board of Directors voted to approve a 4% 2011 Annual Restricted Common Stock Dividend for shareholders. Every quarter in 2011, the shareholders of record will receive a restricted stock dividend equivalent to 1% of their recorded shareholdings. The shares will be restricted for a period of 1 year and will be eligible for free trading on that anniversary date. Recent increases in authorized shares in the company will be used to fund this shareholder dividend.

"With the success and positive response from the common stock dividend that we issued in October, we wanted to continue to thank our shareholders for their loyalty and support," states Encounter Technologies CEO, Anthony DiBiase. "These are exciting times for our flagship site, MusicMatrix.com, and this decision gives greater value to our shareholders. It will also help prevent stock price shorting by market makers who intentionally hold down the share price for their own gain." 

Specific dates and instructions for the 2011 quarterly common stock dividend will be announced next month.

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 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 http://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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