ENCOUNTER TECHNOLOGIES CHANGES IT'S NAME TO ENCOUNTER DEVELOPMENT TECHNOLOGIES, INC. & ANNOUNCES 5% FORWARD STOCK SPLIT
/ PRBuzz.com / September 29, 2011 - - Encounter Technologies, Inc.(ENTI:PK), a company specializing in social media, video technology and on-line entertainment solutions, announced today it has filed an application with FINRA to change its name to Encounter Development Technologies, Inc. & reward its shareholders with a 5% forward split on the stock. The forward split has a record date of September 29, 2011. Prospective shareholders have until the end of market on Wednesday September 28th to purchase shares in order to qualify for the forward split and receive 5% additional shares.
According to Encounter CEO, Thomas Hargis, this move is calculated to position Encounter properly in the marketplace and attract investors who are interested in getting behind a leading edge product development company. Our goal is products and placement for both on and offline business infrastructures.
"This is an initiative we have had in the pipeline since I took the helm at Encounter," says ENTI CEO, Thomas Hargis. "We are looking to enhance our position in the marketplace as a technology incubation company and we want our name to reflect what we actually do."
"At Encounter we are making a play for more than just updating how people use social media, we are looking at how to make the most of our platform for businesses that are ready to take their productivity and innovation to the next level."
Mr. Hargis went on to say that he is looking at the enormous growth potential here because of the pressure businesses are feeling to stay current with technology and ahead of their competition.
"Our investors can rest assured we are working daily on creating new and useful ways businesses will be able to utilize all that Encounter has to offer."
Hargis added that there's already a buzz building around the Roar project and there's much more to come.
"When you are in development it can be hard to see the end of the road before the products actually roll out for demo," said Hargis. "But we are not resting on our laurels, even as we build Roar, other projects are coming together. We look forward to sharing with our investors the progress we make as we move closer to achieving both our short and long term goals for the company."
In the coming weeks investors can look forward to more news and updates on Roar! and other projects, as they move through the development process.
ABOUT ENCOUNTER DEVELOPMENT TECHNOLOGIES, INC (ENTI:PK)
Encounter Development Technologies, Incspecializes 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 Development Technologies, Inc transforms ideas into revenues. For more information about Encounter Development 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 Development Technologies, Inc under take no obligation to update such statements.
INVESTOR RELATIONS CONTACT:
Encounter Development Technologies, Inc.
ENCOUNTER TECHNOLOGIES CHANGES IT'S NAME TO ENCOUNTER DEVELOPMENT TECHNOLOGIES, INC. AND ANNOUNCES 5%