Encounter Technologies, Inc. (ENTI) Releases Revenue Projections of Over $11,664,000 for Patented Video Sales Platform (VSP) in
23 Abril 2010 - 10:00AM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS: ENTI), today announced
gross revenue projections for its Video Sales Platform (VSP)
product line for the quarters ending December 31, 2010, March 31,
2011, June 30, 2011 and September 30, 2011.
Through VSP, Encounter Technologies, Inc. (ENTI) will begin
offering a turn key solution to publishers to bring online video
commercials to their current "text only" small business customers
which are looking to advertise their businesses, products, and/or
services online. In addition to their cutting edge technology,
Encounter Technologies, Inc. (ENTI) has a network of over 1,500
independently contracted camera operators nationwide and will
continue to scout top level talent through its launch date. Richard
Dibiase, President of Encounter, commented, "There are certainly
other online video production options available to businesses on
the internet; however, there is no technology like ours that offers
publishers a complete turn key solution with the ability to manage
the entire video implementation process from start (sale of video)
to finish (video streamed online)."
Encounter Technologies, Inc. (ENTI) projects it will sell over
12,960 video products and gross $11,664,000 in revenue by September
30, 2011. The specific packages were not announced; however, on
average the company anticipates $900 in gross revenue per product
in addition to the actual video production revenues. Specific
details were not available; however, they will be announced in the
near future.
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Three Months Three Months Three Months Three Months
Ending Ending Ending Ending
---------------------------------------------------------------------------
Dec 31, 2010 Mar 31, 2011 June 31, 2011 Sept 30, 2011
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Total Average
Videos:
---------------------------------------------------------------------------
End of Period 6,480 8,640 10,800 12,960
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Gross Revenue:
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End of Period $5,832,000 $7,776,000 $9,720,000 $11,664,000
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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. (ENTI) 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.
Forward-Looking Statements
This news release includes "forward-looking statements" for the
purpose of the "safe harbor" provisions within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended, and
rule 3(b)-6 under the Securities Exchange Act of 1934, as amended.
Any statements made in this news release that are not statements of
historical fact, including statements about our beliefs and
expectations, are forward-looking statements and should be
evaluated as such. Forward-looking statements include information
concerning possible or assumed future results of operations,
including statements that may relate to our plans, objectives,
strategies, goals, future events, future revenues or performance,
capital expenditures, financing needs and other information that is
not historical information. These forward-looking statements often
include words such as "anticipate," "expect," "suggests," "plan,"
"believe," "intend," "estimates," "targets," "views," "projects,"
"should," "would," "could," "may," "will," "forecast," and other
similar expressions.
These forward-looking statements or projections are based on
reasonable assumptions at the time they are made, including our
current expectations, plans and assumptions that have been made in
light of our experience in the industry, as well as our perceptions
of historical trends, current conditions, expected future
developments and other factors we believe are appropriate under the
circumstances. Forward-looking statements or projections are not
guarantees of future performance or results. Actual financial
results, performance or results of operations may differ materially
from those expressed in the forward-looking statements and
projections. Factors that may materially affect such
forward-looking statements and projections include:
The highly competitive nature of our industry; current and
planned marketing and sales initiatives; the rapid technological
changes in our industry; the current economic slow down or
recession continuing in the United States; the state of the capital
markets and the United States economy; our exposure to counterparty
risk in our financial agreements; our ability to maintain adequate
customer care and manage our churn rate; our ability to achieve
planned growth rates; our ability to manage our rapid growth, train
additional personnel and improve our financial and disclosure
controls and procedures; our ability to secure the necessary
spectrum and network infrastructure equipment; our ability to
maintain and upgrade our networks and business systems; our ability
to adequately enforce or protect our intellectual property rights
and defend against suits filed by others; governmental regulation
of our services, and the costs of compliance and our failure to
comply with such regulations; our capital structure, including our
indebtedness amounts; changes in consumer preferences or demand for
our products; our inability to attract and retain key members of
management; the performance of our suppliers and other third
parties on whom we rely; and other factors described or referenced
from time to time in our filings with the Securities and Exchange
Commission.
The forward-looking statements and projections speak only as to
the date made, are based on current expectations, and are subject
to and involve risks, uncertainties and assumptions, many of which
are beyond our ability to control or ability to predict. You should
not place undue reliance on these forward-looking statements and
projections, which are based on current expectations and speak only
as of the date of this release. Encounter Technologies, Inc. (ENTI)
is not obligated to, and does not undertake a duty to, update any
forward-looking statement or projection to reflect events after the
date of this release, except as required by law. The projected
results for the quarters listed above may not be reflective of
results for any subsequent period. Encounter Technologies, Inc.
does not plan to update nor reaffirm guidance except through formal
public disclosure pursuant to Regulation FD.
Contact: Sheri Cook Marketing Representative Encounter
Technologies, Inc. (ENTI) press@encountertech.com
Encounter Technologies (CE) (USOTC:ENTI)
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