Encounter Technologies (ENTI) Announces Forward Stock Split
13 Abril 2011 - 8:30AM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS:
ENTI), a Company specializing in social media, video technology and
on-line streaming solutions, announced that it has authorized a
1.033 for 1 forward stock split of the Company's common shares. The
record date for the forward split will be April 29, 2011 which
means all
ENTI Shareholders of record on that
date will receive additional shares in ENTI. The appropriate
paperwork for the forward split was filed online with FINRA on
April 12, 2011.
"This forward split is another step forward in our evolution as
a Company and credible enterprise," stated Encounter Technologies CEO Anthony DiBiase. "It is also
part of the plan to accommodate the pending one-for-one dividend
from Pegasus Tel, Inc. 'PTEL.' As a result of
this forward split, all ENTI shareholders
will increase their stock holdings on the record date by 3.3 %
which will also increase the shares they will receive from the
dividend in Pegasus, a fully reporting
company trading on the Bulletin Board."
On March 30, 2011 DiBiase was named the
new CEO for Pegasus Tel, Inc. and as a result
he declared a one-for-one dividend for ENTI
Shareholders. On a dividend payable date to be announced, all
current ENTI shareholders will receive one
share of Pegasus for each share they hold in
Encounter Technologies.
"With the recent announcement of my pending acquisition of
PTEL, this forward split further increases
the stock value for current and potential ENTI Shareholders in two public companies," concludes
DiBiase.
To coincide with this announcement, Encounter
Technologies CEO Anthony DiBiase will release a Podcast today
at 10:00 AM EDT. To access the Podcast, please visit www.encountertech.com.
ABOUT ENCOUNTER TECHNOLOGIES, INC.
(PINKSHEETS: ENTI)
Encounter Technologies, Inc. specializes
in social media, video technology and on-line entertainment web
solutions. The Company utilizes pre-built applications to provide
platforms for businesses interested in utilizing video technology
to increase online collaboration and interaction. The goal is to
provide 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 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.
CONTACT: Encounter Technologies, Inc. Sheri Cook Director
of Marketing press@encountertech.com
Encounter Technologies (CE) (USOTC:ENTI)
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