SOURCE: Encounter Technologies, Inc.

April 05, 2011 11:52 ET

Encounter Technologies, Inc. (ENTI) Releases New CEO Podcast Today

CEO Anthony DiBiase Addresses Strategic Discussions With Pegasus Tel, Inc. (PTEL) and Shareholder Dividends

NEW YORK, NY--(Marketwire - April 5, 2011) - Encounter Technologies, Inc. (PINKSHEETS: ENTI), a company specializing in social media, video technology and on-line streaming solutions, released a Podcast today at 10:00am EST with CEO Anthony DiBiase. "To coincide with yesterday's ground-breaking announcement regarding Pegasus Tel, I wanted to address shareholders directly, answer questions, and discuss the exciting news," stated DiBiase.

The Board of Directors of Pegasus Tel has appointed Encounter Technologies Director Anthony DiBiase as their new Chief Executive Officer and filed an 8K Form on Thursday, March 31, 2011 with the Securities and Exchange Commission (SEC) disclosing that event. Encounter Technologies, Inc. will move forward with its Bulletin Board listing and the development and marketing of technologies in the lucrative Internet Yellow Pages (IYP), SEO/SEM industries, and a re-launch of FilmRookie.com. 

The Podcast provides an overview of Dividend plans for Encounter Shareholders. As part of the proposed plan, Encounter Technologies' Music Matrix web site will be acquired by Pegasus Tel, in exchange for preferred shares of Pegasus. Those shares from Pegasus will be utilized by Encounter to fund a shareholder dividend to all Encounter shareholders. The proposed dividend plan means all current shareholders will receive one share of Pegasus for each share they hold in Encounter Technologies. 

To access today's CEO Podcast, please visit www.encountertech.com.

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.

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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