Encounter Technologies Reaches in Excess of 1M in Private Funding
13 Julho 2010 - 9:30AM
Marketwired
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 MusicMatrix.com,
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.
About MusicMatrix.com
On MusicMatrix.com, 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 MusicMatrix.com, 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 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.
Contact: Marketing Representative Encounter Technologies, Inc.
press@encountertech.com
Encounter Technologies (CE) (USOTC:ENTI)
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