SOURCE: Encounter Technologies, Inc.

September 27, 2010 09:00 ET

Encounter Technologies, Inc. (PINKSHEETS: ENTI) Attains 'Current Listing' by OTC Markets

Pink Sheets Informs Company on Friday, September 24 That It Will Be Moved to Current Information Tier by Next Market Open

NEW YORK, NY--(Marketwire - September 27, 2010) -  Encounter Technologies, Inc. (PINKSHEETS: ENTI) CEO Anthony DiBiase announces that Issuer Services at Pink OTC Markets, Inc. has removed the caveat emptor warning previously assigned to the company and moved it to a higher listing status at www.pinksheets.com. This status lets investors know that Encounter Technologies has provided the financial disclosure and other required paperwork to reach a level of transparency where there is adequate Current Information to make an informed investment decision on ENTI.

"I made it my mission to accomplish significant milestones in my first weeks as CEO and obtaining Current Information Status was at the top of that list," states DiBiase. "This is a major milestone in ENTI's overall strategy to improve shareholder value and boost liquidity in our stock. We expect that potential investors who have been following our Company will now feel more comfortable in buying shares given our higher level of transparency."

Companies that provided current disclosure to the public markets, directly through Pink OTC at the Pink Sheets Current Information Market Tier, averaged $43,282,661 in dollar volume per security in 2009. This total represents over 67% of all dollar volume traded in OTCQX, OTCBB, and other Pink Sheets securities combined for the entire year.

OTC Markets Inc. is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.

About Encounter Technologies (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 (www.musicmatrix.com) MusicMatrix is the hottest rising new star in the online video streaming music industry and specializes in providing standard and high definition streaming music videos over the internet. Users have the ability to upload and view streaming music video content and also earn revenue from promoting their favorite artists videos. MusicMatrix.com is also a full fledged social network which allows users to connect with friends and family from all over the world.

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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