Business
EMS AND FIRST HUDSON PROCEED ON SCHEDULE WITH ENCOUNTER DEVELOPMENT TECHNOLOGIES' DEVELOPMENT
EMS AND FIRST HUDSON PROCEED ON SCHEDULE WITH ENCOUNTER DEVELOPMENT TECHNOLOGIES' DEVELOPMENT.
About this update from Encounter Technologies Inc
[{"type":"text","content":"ENCOUNTER DEVELOPMENT TECHNOLOGIES INC. ROCHESTER, NEW YORK, January 13, 2014 (OTC Disclosure and News Service). The control shareholders of Encounter Development Technologies Inc., a Colorado corporation (\"ENTI\") (US.ENTI.PK), namely, Electronic Merchant Systems Rochester, Inc., a New York corporation (\"EMS\") and First Hudson Trust of New York, a Massachusetts trust operating under the laws of the State of Oklahoma(\"First Hudson\"), are pleased to announce that ENTI's administrative development, following their acquisition of ENTI on December 15, 2013, is proceeding as scheduled. Randolph S. Hudson, the Managing Administrative Trustee of First Hudson and ENTI's Chairman, President, and CEO,said \"Mike [Grande] and I are grateful to Carrie [Cosner] for her vision by making the decision and confidence to go along with our plan. In my opinion, the company's shareholders have been very patient and are looking to ENTI's new senior executive management to resurrect ENTI and to provide value to the holders of ENTI's common stock\". Michael P. Grande,the Chairman, President, and CEO of EMS and ENTI's Vice-Chairman continued by saying \"Randy [Hudson] and I, and our respective teams, made a commitment to clean up ENTI, and the other companies under our control, however, these matters are complicated and take time to repair. The only thing that Randy and I can do is take this company's development'one step at a time' until it and the other companies' foundations are in place; then, we can begin to commit [our] existing and newly-acquired assets to ENTI and to the other companies under the umbrella of our collective ownership\". Mr. Hudson added,\"There's a lot to be done. The senior executive management of ENTI is tasked with reconstructing the company's day-to-day records, financials, and track corporate acts and activities from June 19, 2009 through June 5, 2013. Mrs. Cosner did a great job of maintaining the company's current records and books-of-account from the date she took charge of the company's affairs on June 5; however, we have to piece together the company's records before that date,as those records were not remanded to Mrs. Cosner's custody by the company's former management. I will address these issues as part of management's discus...