Encounter Technologies, Inc. (ENTI) Announces Annual Common Stock Dividend
07 Dezembro 2010 - 10:40AM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces the Board
of Directors voted to approve a 4% 2011 Annual Restricted Common
Stock Dividend for shareholders. Every quarter in 2011, the
shareholders of record will receive a restricted stock dividend
equivalent to 1% 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. Recent increases in authorized
shares in the company will be used to fund this shareholder
dividend.
"With the success and positive response from the common stock
dividend that we issued in October, we wanted to continue to thank
our shareholders for their loyalty and support," states Encounter
Technologies CEO, Anthony DiBiase. "These are exciting times for
our flagship site, MusicMatrix.com, and this decision gives greater
value to our shareholders. It will also help prevent stock price
shorting by market makers who intentionally hold down the share
price for their own gain."
Specific dates and instructions for the 2011 quarterly common
stock dividend will be announced next month.
About Encounter Technologies, Inc.
(PINKSHEETS: 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. Copyright Copyright 2009 eTeligis.com All Rights
reserved.
Copyright 2010 Marketwire, Inc., All rights reserved.
CONTACT: Gerrard Hollister Investor Relations (310) 909-7988
ENTI@GerrardHollister.com
Encounter Technologies (CE) (USOTC:ENTI)
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