NEW YORK, June 15, 2011 /PRNewswire/ -- Encounter
Technologies, Inc. (ENTI:PK), specializing in social media,
video technology and on-line streaming solutions, announced today
corporate discussions with Digital Utilities Ventures
(DUTV:PK). As a result of these discussions,
Garry McHenry, CEO of
Digital Utilities Ventures, will appoint Anthony DiBiase, CEO of Encounter
Technologies, to their Board of Directors.
As part of the proposed plan, Encounter Technologies will
facilitate bringing DUTV's compression technologies to
market in addition to utilizing the technology for its Internet
Yellow Pages Platform (IYP) and Filmrookie web sites. As
compensation, Encounter Technologies will hold a major
investment position in Digital Utilities.
"I am excited about the potential for this partnership,"
commented DiBiase. "Encounter will help bring the
already completed compression technology to market in addition to
having a competitive advantage being first to utilize it for our
current platforms. Keep in mind; this technology is in the
perfect position for the evolution of IPTV (Internet Protocol
Television). Since ENTI will have major "skin" in the
success of these technologies, it's a win-win for everyone involved
especially the shareholders of both companies."
In the coming weeks, Encounter and DUTV will
release a link to showcase this cutting-edge compression
technology. "When investors see the innovation of this
technology, they will not believe their eyes," adds McHenry.
"We use an internet-based platform to deliver TV programming and
advertising. We like to refer to it as "The New Last Mile",
and it's light years ahead of anything available at the moment.
We are confident this opportunity with Encounter will
drive new market share and revenues."
ABOUT ENCOUNTER TECHNOLOGIES, INC. (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.
ABOUT DIGITAL UTILITIES VENTURES, INC. (DUTV)
Digital Utilities Ventures, Inc. will revolutionize
television by launching its unique, patent pending, internet based
technology to deliver programming to TV and Cell Phone Screens,
creating the Broadcast Delivery Standard for the IPTV industry.
The Company's technology, known as "The New Last Mile", uses
a web-based platform to deliver TV programming. Acting as a virtual
cable company, the network can stream live programs of broadcast
quality from anywhere in the world over the internet directly to TV
audiences and cell phone subscribers without having to build out
fiber optic lines to homes. For more information about Digital
Utilities Ventures, Inc., please visit www.dutv.us
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.
INVESTOR RELATIONS CONTACT:
Encounter Technologies, Inc.
Sheri Cook
Director of Marketing
info@encountertech.com
SOURCE Encounter Technologies, Inc.