ENCOUNTER FINALIZES ACQUISITION OF HOTEL IN ENID, OKAHOMA

The Board of Directors of Encounter Technologies, Inc., a Colorado corporation (US.ENTI.PK) ("Encounter") is pleased to announce that its subsidiary, Encounter Mid-America Properties, Inc., an Oklahoma corporation ("Mid-America"), is taking over the OYO Hotel in Enid, Oklahoma.  While the effective time and date of the transaction are 12:01 a.m., Central Time, on February 1, Encounter's President, Randolph S. Hudson, will be arriving at the property today.  Encounter's Senior Vice-President of Administration, Dean Denton, is expected to arrive at the hotel within two weeks from today and will be charged with the day-to-day management of the hotel.

Initially, Mid-America will be managing the hotel until the close of escrow, which is expcted to occur within one to four months from February 1.  During this interim period, Mid-America will be refurbishing the restaurant and bar, and will be performing other remodeling to the hotel itself.  Encounter and Mid-America have obtained favorable credit accommodations from its primary lender/investor group located in Miami Beach, Florida.

Mr. Hudson stated, "This is an outstanding opportunity for Encounter and its shareholders, and is the first of two transactions that we expct to occur over the course of the next month or two".

Encounter's next acquisition will be that of an extended stay hotel in Tulsa, Oklahoma.  The terms of that transaction remain in negotiation.  Encounter's senior executive management expects those negotiations to conlude within the month of February with the consummation of the transaction to occur on or about March 1.

For additional information regarding this announcement, interested parties may contact Encounter by writing to [email protected].

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 Encounter 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.

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