SOURCE: Encounter Technologies, Inc.

January 12, 2011 08:30 ET

Encounter Technologies, Inc. (ENTI) Notifies FINRA of Common Stock Dividend

First of Four Quarterly Dividends Declared to Increase Shareholder Value

NEW YORK, NY--(Marketwire - January 12, 2011) - Encounter Technologies, Inc. (PINKSHEETS: ENTI) announced today the dates for its first shareholder stock dividend for 2011. Shareholders of record 60 days from January 12, 2011 (Payable Date March 14, 2011) will receive a Restricted Stock Dividend equivalent to one percent (1%) of their recorded shareholdings no later than March 15, 2011. The shares will be restricted for a period of one year and eligible for free trading on that anniversary date.

"We want to thank our shareholders for their continued loyalty and support," stated Encounter Technologies CEO, Anthony DiBiase. "This decision gives greater value to our current shareholders, will attract new investors to the company, and at the same time minimize stock price shorting by market makers. With our premier site MusicMatrix.com officially launched and the successful release of four exclusive contests and videos last month for hip hop superstars Maino, Jae Millz, Chris Brown, Gorilla Zoe and Vado, we are ready to move ahead in 2011 with more exciting new music video contests." 

Encounter Technologies confirmed that this is the first of four quarterly dividends planned for this year. Shareholders of record will receive a Restricted Common Stock Dividend equivalent to 1% of their recorded shareholdings for each quarter in 2011. Specific dates and instructions for additional quarterly Common Stock Dividends will be released as available. 

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 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.

ABOUT MUSICMATRIX

Providing distinctly unique features that allow never before achieved synergy between artists and members, MusicMatrix is the only place where dynamic and creative minds can gain access to the most revolutionary video editing technology. MusicMatrix is an online platform which allows aspiring artists, video editors, and music fans worldwide to seamlessly upload, edit, and premier video content with its groundbreaking user-friendly editing tools. MusicMatrix also serves as a rapidly expanding social network where members can engage with their favorite artists and create custom videos from exclusive content of highly sought after musicians. Basic membership is free; however, Advanced and Master Memberships are obtainable and include enhanced features. MusicMatrix will provide its members with the opportunity to garner income, as well as gain recognition from celebrities and prominent figures within the music and creative industries. For more information, 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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