SOURCE: Encounter Technologies, Inc.

March 11, 2011 10:59 ET

Encounter Technologies, Inc. (ENTI) Announces Record Date of Monday, March 14th for Common Stock Dividend

First of Four Quarterly Dividends Payable Next Week

NEW YORK, NY--(Marketwire - Mar 11, 2011) - Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces that Shareholders of Record as of Market Close on this coming Monday, March 14, 2011 (Official Record Date) will receive the previously announced Restricted Common Stock Dividend equivalent to one percent (1%) of their recorded shareholdings. The Dividend will be in the form of shares of Encounter Technologies, Inc. The shares will be restricted for a period of one year and eligible for free trading on that anniversary date.

"It gives me great pleasure to again announce the payment of a stock dividend," said CEO Anthony DiBiase. "We want to thank our shareholders for their loyalty and support. This decision gives greater value to our shareholders and will continue to enhance liquidity and interest in our stock and Company."

Encounter Technologies confirmed that this is the first of four quarterly Dividends planned for this year. In November 2010, The Board of Directors of Syndication voted to approve a 4% Annual Restricted Common Stock Dividend for shareholders in 2011. Shareholders of record will receive a Restricted Common Stock Dividend equivalent to 1% of their recorded shareholdings for each quarter this year. Specific dates and instructions for the remaining Quarterly Common Stock Dividends will be released as available.

ABOUT ENCOUNTER TECHNOLOGIES, INC. (PINKSHEETS: ENTI)

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 www.encountertech.com.

ABOUT MUSICMATRIX

MusicMatrix.com is the premier on-line destination for artists, directors, producers, video editors and music fans worldwide to upload, direct, edit and showcase unique video content with groundbreaking, user-friendly, video editing technology. Four interactive music video contests are currently available on site for Hip Hop heavy-hitters Maino, Jae Millz, Chris Brown, Gorilla Zoe and Vado. MusicMatrix is set to launch its Pop Genre with Backstreet Boys Howie D's Music Video Premier and Interactive Contest. A revolving panel of celebrities and industry insiders judge each contestant's video creation to determine who will take home the prizes valued in excess of $3,000 per contest. MusicMatrix also serves as a rapidly expanding social network where members can share custom videos, engage in the promotion of their favorite artists, earn income and win amazing prizes. For more information on MusicMatrix, visit www.musicmatrix.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 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.

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