NEW YORK, Oct. 14, 2010 (GLOBE NEWSWIRE) -- Encounter Technologies, Inc. (Pink Sheets:ENTI) announces the Board of Directors of Syndication voted to approve a 5% Restricted Common Stock Dividend for all shareholders of record as of 30 days from the date of October 14, 2010 (Official Record Date is November 15, 2010). On this date (November 15, 2010), the shareholders of record will receive a restricted stock dividend equivalent to 5% of their recorded shareholdings. The shares will be restricted for a period of 1 year and will be eligible for free trading on that anniversary date. A recent increase in authorized shares in the company will be used to fund this shareholder dividend.
"This decision will give greater value to our shareholders and at the same time stop for 30 days the short selling by market makers who intentionally hold down the share price of the stock for their own gain," states CEO Anthony DiBiase. "During the next 30 days, market makers will be prevented from short selling our stock. I highly recommend that everyone who invests in the OTC markets read the following article titled "Games Short Sellers Play" published by Bloomberg Markets online at ."
About Encounter Technologies, Inc. (ENTI)
Encounter Technologies, Inc. provides end-to-end technology and online marketing services, including design, build, hosting, and online marketing support. We specialize in social media, video technology, and online entertainment web solutions. Encounter Technologies, Inc. utilizes their pre-built applications to provide the platforms in which to base solutions for businesses looking to utilize video technology to increase online collaboration and interaction. Our goal is to provide our clients with the best methods to increase user value and achieve desired business results. Simply put, Encounter Technologies, Inc. transforms ideas into revenues. For more information about Encounter Technologies, Inc., visit .
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 undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Encounter Technologies, Inc. under take no obligation to update such statements.
CONTACT: Gerrard Hollister Investor Relations (310) 909-7988 ENTI@GerrardHollister.com