Encounter Technologies, Inc. (OTCPINK ENTI) Announces Change in Corporate Officers, Proposed R/S, Corporate Websites, and Strategy for Profitability
September 16, 2013: Encounter Technologies, Inc. (PINKSHEETS: ENTI) is pleased to announce a complete change in corporate officers, proposed R/S, corporate websites and business strategy for profitability. Encounter Technologies, Inc. (?Encounter?) will also host a webinar on September 21, 2013 at 12:00PM EST to answer questions from existing and prospective shareholders.
Thomas Hargis, former CEO of Encounter Technologies has resigned as CEO of Encounter effective June 5, 2013, and appointed Patrick Sean Guy II as new CEO and Carrie Cosner as CFO. In addition, Alice Guy has been appointed as Vice-President. This team also comprises the current Board of Directors. The Encounter team includes a diverse group of business executives from several industries including marketing, web development, online commerce, internet technology, marketing, real estate, commercial construction, antiques, optical, and performance cycling retail operations. This team will continue to utilize their experience and business expertise to launch several online retail stores that are currently in design and development in industries that they have already developed distribution accounts with from their prior business experiences to achieve revenue for Q4 2013. Three separate niche market online stores are in development with a planned official launch on or before October 31, 2013 in order to take advantage of the holiday shopping season. They include http://www.edesignerglasses.com, http://www.eantiquesdealer.com, and http://www.eperformancebikes.com.
Encounter is also in negotiations to purchase an equity participation in a privately held company that is launching in February 2014 a video-on-demand and streaming web channels with family friendly movie titles and Christian music videos. Major details of these ongoing plans will be announced following the completion of Encounter?s 30:1 reverse split noted below.
Encounter is committed to keeping its shareholders informed of all substantial developments. The current team has no intentions of embellishing any of its business plans or engaging in promises that it cannot keep. The team will strive to continue to improve ENTI?s position in the marketplace with real, proven results that speak for themselves. It is currently preparing the required documents and financial reports to OTC Markets in order to bring it current with OTCPink. While the team recognizes that there is a lot of work to be done to develop increased and sustainable shareholder value, Encounter?s plan is to continue to upgrade its position in the OTC Markets with full disclosure, timely reporting, and profitable business operations.
With the issued share count at 14,740,350,085 when the current team was appointed, a 30:1 reverse split was deemed necessary to reduce the number of issued shares to a reasonable number in order to increase existing shareholder value and attract future investors. Encounter is in the application process with FINRA to perform this 30:1 R/S. Additionally, a cancellation in the total number of authorized shares and removing ENTI from the DTCC chill status is in Encounter?s immediate plans.
Encounter will conduct its first webinar on Saturday, September 21, 2013 at 12:00 PM which will highlight the latest launch details, site updates and take questions from shareholders about the status of prior Encounter products and management activities and current plans. To participate in this webinar, please register at https://attendee.gotowebinar.com/register/7623819366517208578. Following registration, you will receive an email with instructions how to attend via telephone only or via a PC or Mac computer.
About Encounter Technologies, Inc. (ENTI):
Encounter Technologies, Inc. provides end-to-end technology including but not limited to the design, build, and complete operation of online retail stores and utilizing its position in the public marketplace to purchase equity position in existing businesses utilizing online technology. We will utilize social media and cost effective online marketing to launch our specialized niche products for worldwide distribution. The Encounter is focusing on industries that can bring revenue into Encounter for the 4th quarter of 2013 and achieve not only revenue, but profitability for 2013 and beyond. . More information about Encounter?s new team and upcoming plans can be found at http://www.enticorp.net . Encounter will be also use its twitter account https://twitter.com/EncounterENTI to inform investors of material information that has been added to the website. (@EncounterENTI)
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. Words such as "expects,", ?strives?, "intends," "believes," "anticipates," "should," "likely", ?will? and similar expressions identify forward-looking statements. 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 retail stores that Encounter is launching relies on business relationships with related parties, and it should be noted that while Encounter strives to structure these business relationships for the best interest and profitability of Encounter?s shareholders, the Encounter retail stores do rely on the management?s prior relationships with both personal and related party existing business enterprises that may also profit from this relationship. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of Mr. Guy II, Ms. Cosner and Ms. Guy by reading the joint proxy statement/information statement/prospectus provided on the company?s that will be posted on the corporate website prior to various websites? official launch. The forward-looking statements in this release are made as of the date hereof and Encounter Technologies, Inc. undertakes no obligation to update such statements.
Contact: Carrie Cosner, CFO and Marketing Representative, Encounter Technologies, Inc., ENTI.PK, info@enticorp.net, 301-992-4430, 16110 Everly Road, PO Box 2809, Hagerstown, MD 21740.