NEW YORK, April 28, 2011 /PRNewswire/ -- Encounter
Technologies, Inc. (ENTI.PK), a Company specializing in social
media, video technology and on-line streaming solutions, announces
that today, Thursday, April 28,
2011, is the last day to purchase ENTI shares to
be on record and eligible for the forward stock split. Shareholders
of record at the close of business today will benefit from the
1.033 for 1 forward split. Per FINRA as received by the Company on
Wednesday, April 27, 2011, "This
corporate action will take effect at the open of business on
Friday, April 29, 2011. The
symbol on this date will be ENTID. Please note that
the "D" will be removed 20 business days from Friday."
"As a result of this forward split, all ENTI shareholders
will increase their stock holdings tomorrow by 3.3%," stated
Encounter CEO Anthony
DiBiase. "It is also part of the plan to
accommodate the pending one-for-one dividend from Pegasus Tel,
Inc. (PTEL.BB)."
Questions about the forward split process should be directed
to:
Mikki McGehee, Client
Services
Pacific Stock Transfer Company
4045 South Spencer Street, Suite 403
Las Vegas, NV 89119
Email: mikki@pacificstocktransfer.com
Telephone: 702-361-3033 x 109
Fax: 702-433-1979
As the new CEO for Pegasus Tel, Inc., DiBiase
declared a payment of Pegasus shares to ENTI in
exchange for the MusicMatrix technology, which ENTI
will distribute on a one-for-one basis to ENTI Shareholders.
On a dividend payable date soon to be announced, ENTI will
provide all current ENTI shareholders with one share of
Pegasus for each share they hold in Encounter
Technologies. "ENTI Shareholders have double the value
with the Pegasus shares, and this forward stock split
increases shares they will receive in Pegasus, a fully
reporting company trading on the Bulletin Board," concludes
DiBiase.
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 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:
Encounter Technologies, Inc.
Sheri Cook
Director of Marketing
press@encountertech.com
Industry Keyword:
Subject Code:
Media and Entertainment: Information Services
Professional Services: Advertising, PR and Marketing
Media and Entertainment: Television
Media and Entertainment: Music and Radio
SOURCE Encounter Technologies, Inc.