SOURCE: Encounter Technologies, Inc.

October 25, 2010 09:00 ET

Encounter Technologies, Inc. (ENTI) Releases Short Sale Data for Trading Activity

Dividend Announcement to Prevent Stock Price Shorting by Market Makers

NEW YORK, NY--(Marketwire - October 25, 2010) -  Encounter Technologies, Inc. (PINKSHEETS: ENTI) releases the latest short sale data for trading activity from August 12, 2010 through September 30, 2010. Approximately 38.46% of daily trading volume was short selling during that time frame. Buyins.net, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, compiled the data for ENTI.

"This information supports our decision to offer shareholders a dividend to provide greater value and at the same time stop short selling," states CEO Anthony DiBiase. "Market makers can intentionally hold down the share price of the stock for their own gain thus hurting our shareholders. Until November 15, 2010, market makers will be prevented from short selling our stock."

Encounter Technologies, Inc. initiated a 5% Restricted Common Stock Dividend for all shareholders of record for 30 days from the start date of October 14, 2010. The official record date is November 15, 2010. On this date (November 15, 2010), all shareholders of record will receive a restricted stock dividend equivalent to 5% 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.

Short Sale Data for Encounter Technologies, Inc.

Date Short Volume Total Volume Percent
9/30/2010 23,130,200 29,382,428 78.72
9/29/2010 35,168,041 57,428,600 61.24
9/28/2010 19,285,395 30,603,200 63.02
9/27/2010 16,800,022 39,107,000 42.96
9/24/2010 11,465,999 34,895,700 32.86
9/23/2010 3,380,200 25,818,000 13.09
9/22/2010 3,784,806 38,111,900 9.93
9/21/2010 6,251,685 12,750,700 49.03
9/20/2010 14,131,429 24,073,300 58.7
9/17/2010 8,017,409 14,850,100 53.99
9/16/2010 14,231,000 62,105,300 22.91
9/15/2010 9,762,700 26,262,200 37.17
9/14/2010 58,891,175 92,371,700 63.75
9/13/2010 6,699,998 15,030,700 44.58
9/10/2010 24,191,920 29,752,700 81.31
9/9/2010 22,146,800 61,728,500 35.88
9/8/2010 11,270,000 28,755,200 39.19
9/7/2010 11,651,618 26,545,200 43.89
9/3/2010 101,730,829 118,202,100 86.07
9/2/2010 13,525,632 18,670,600 72.44
9/1/2010 30,853,623 33,508,300 92.08
8/31/2010 12,357,033 20,378,800 60.64
8/30/2010 14,349,057 25,426,900 56.43
8/27/2010 9,465,000 30,055,300 31.49
8/26/2010 137,189,819 403,156,400 34.03
8/25/2010 22,562,383 79,797,400 28.27
8/24/2010 5,854,529 24,168,700 24.22
8/23/2010 13,600,005 38,949,000 34.92
8/20/2010 14,187,025 21,878,000 64.85
8/19/2010 46,709,673 131,459,400 35.53
8/18/2010 116,305,727 321,193,700 36.21
8/17/2010 17,175,948 41,079,300 41.81
8/16/2010 14,064,000 53,472,300 26.3
8/13/2010 74,399,100 87,813,900 84.72
8/12/2010 118,484,635 310,655,300 38.14
Total 6,363,923,022 16,547,953,528 38.46%

About Encounter Technologies, Inc. (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.

SOURCE:
Encounter Technologies, Inc.
Sheri Cook, Marketing Representative

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