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Encounter Technologies Inc
ENCOUNTER DEVELOPMENT TECHNOLOGIES INC. IS ON SCHEDULE WITH ITS RESTRUCTURING
Published Mar 21 2014
4 min read

ENCOUNTER DEVELOPMENT TECHNOLOGIES INC. IS ON SCHEDULE WITH ITS RESTRUCTURING


ENCOUNTER, Today.(c)

Encounter Development Technologies Inc., a Colorado corporation ("Encounter") (US.ENTI.PK), is pleased to announce that its restructuring plan is proceeding on schedule.

For the past one month, Encounter's senior executive management has been in the process of submitting several applications and notifications to various state and federal regulatory agencies and self-regulatory agencies to effect and implement certain segments of its restructuring program, respectively.  The company's senior executive management, in one or more announcements dated between late December 2013 and mid-February 2014, outlined the schedule of events concerning the restructuring.

As a part of its overall restructuring program, Encounter is changing its name to "National Properties Trust" to reflect its entry into the real estate business.

Today, the State of Colorado's Banking Division has processed Encounter's application for use of that name and has published the request for use of that name by Encounter on its website for the required 10-day public comment period.

Encounter's President, Randolph S. Hudson, said, "Encounter's progress toward its restructuring is remarkable, given the state-of-the-company when First Hudson Trust and EMS acquired the control stock in the company on December 15, 2013.  While there are more tasks to accomplish, I am confident that Encounter's restructuring will be complete at the end of March or in early April.  Of course, all of our corporate actions remain subject to the acknowledgment and/or approval by certain regulatory and self-regulatory agencies.  I know that our shareholders are anxious to learn of recent developments, and, as such news becomes available, we will release the necessary announcements.  I am grateful for the support of our shareholders, the dedication of our senior executive officers, the guidance of our directors, and the commitment to our development by our principal shareholders.  It's a new way on a new day for Encounter and its shareholders."

About Encounter.

Encounter is engaging in the business of owning, developing, and managing commercial and residential real estate properties in the continental United States.  Initially, the company will own properties in New York, Colorado, Nevada, and Florida; although, the company's management is evaluating properties in other states where it can acquire properties for less than market value and that will provide a measured return to the company and its shareholders or for use by its affiliates.  Encounter owns Anglers Construction, Inc., a licensed and insured New York corporation, that not only conducts business independently of Encounter, but also that will also complement Encounter's real estate construction and renovation needs.

Following its name change and corporate restructuring, Encounter will publish a website available for its shareholders and the public.  Until then, shareholders and investors may call or text Mr. Hudson at (585) 329-3581 or send him an e-mail to randolphshudson@gmail.com.

In addition, Encounter will rely on and benefit from its affiliation with other companies that comprises the fund complex under the common ownership by First Hudson Trust of New York and Electronic Merchant Systems Rochester, Inc. to carry out its plan of operations.  The other companies in The Hudson and Grande Organization are Central Wireless, Inc. (US.CWIR.PK), Hall of Fame Beverages, Inc. (US.HFBG.PK), Real American Capital Corporation (US.RLAB.PK), Oncology Med, Inc. (US.ONCO.PK), and First Intercity Bancsystems, in-organization.

This announcement is for informational purposes only.  The information contained herein is not an offer to sell or a solicitation to buy securities of any of the companies mentioned in this announcement as defined under the Securities Act of 1933.  Potential investors should carefully read all public filings that the Company has filed or will file with OTC Markets Group, Inc., and with other reliable information services.  Prior to making any investment, investors should always consult with a licensed financial advisor and legal professional to determine if the investment is suitable for you.

This announcement contains "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995), 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 (the "Exchange Act").  All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

Forward-looking statements include any statement or graphic that may project, indicate, or imply future results, events, performance, or achievements.  The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties.  These statements can be identified by the use of forward-looking terminology such as "projects", "believes", "expect", "may", "will", "should", "intend", "plan", "could", "estimate", or "anticipate", or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties.  Given the risks and uncertainties relating to forward-looking statements, investors should not place undue reliance on such statements.

Investors seeking to make an investment in penny stocks, buy stocks or funds, or make a stock investment to diversify a portfolio, should carefully evaluate and review all available information about the company and its principals.  Investing in the stock market based upon investment news or stock quote trends involves a high degree of risk and is not considered to be a safe investment such as investing in a money market account.  Investors should consult with your financial advisor before making any decision related to a money investment.