SOURCE: Encounter Technologies, Inc.

Encounter Technologies, Inc.

July 13, 2010 08:30 ET

Encounter Technologies Reaches in Excess of 1M in Private Funding

Experienced Investment Partners Find Inherent Value in MusicMatrix Model for Long-Term

NEW YORK, NY--(Marketwire - July 13, 2010) -  Encounter Technologies, Inc. (PINKSHEETS: ENTI) announced today the company has received more than $1,000,000 in funding to date from Spire Investment Group. The funding has been primarily used to pay for costs associated with their flagship site, including: site programming, interactive music video shoots, video production & editing, marketing & promotion, as well as an endorsement deal with a soon to be disclosed premier music industry artist.

"We're thrilled to have the expertise of Spire on board," states ENTI CEO, Rick DiBiase. "Founders Bryan Bardes and Eric Kafrawy have extensive experience in evaluating the feasibility of projects in commercial real estate, online ventures and innovative start-ups, among others."

As it states on their corporate website, Spire's investment success is rooted in intensive market selection, comprehensive due diligence, detailed financial management, and timely investment dispositions. "To have Spire partnered with us on MusicMatrix for long-term funding has been quite an achievement and, in my humble opinion, a testament to the fundamental value and potential profitability in the MusicMatrix business model," states DiBiase.

Aside from funding, MusicMatrix has received valuable input from Spire as consultants. One of their primary service models includes scrutinizing an investment's financial underpinnings and legal structure to focusing on its core competencies, every venture is enhanced by the Spire touch to improve its profitability and its competitive position within the market. "Their expertise has proven invaluable and we're thrilled to be moving forward with competent, capable partners as we announce the next phases of MusicMatrix toward a comprehensive online/mobile universe model," concludes DiBiase.

About Spire Investment Group, Inc.

Spire Investment Group's approach to investing in commercial/residential real estate, online media, and much more is based on the underlying principle that the client comes first. Founded by Mr. Bryan Bardes, and Mr. Eric Kafrawy, SIG has driven to exceed their clients' investment expectations by building a strong relationship as the foundation to this success. This simple concept has become the cornerstone of SIG's investment philosophy.


On, users are able to participate in music video editing competitions in order to win both prizes and recognition. Encounter Technologies, Inc. (ENTI) has developed a cutting edge, innovative, and simple to use platform for, which facilitates the video uploading, editing, sharing, and viewing experiences. By creating an environment which rewards both innovation and creativity, users are given the incentive to implement their own unique online marketing campaigns in order to expose a particular artist or song to populations and demographics not typically reached through standard mass campaigns.

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

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.

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