NEW YORK, Sept. 21, 2011 /PRNewswire/ -- Encounter
Technologies, Inc. (ENTI:PK), a company specializing in social
media, video technology and on-line entertainment solutions,
announced today final FINRA approval for a special dividend of
preferred shares of Pegasus Tel (PTEL:OTCBB). On
June 10, 2011 (Official Record Date),
all common stock shareholders of Encounter Technologies
became entitled to one (1) share of Pegasus Tel (PTEL) for
each share of ENTI they own. The revised payable date for
the dividend is October 3,
2011(Official Payable Date).
"I am pleased we are finally through the approval process,"
stated Thomas Hargis, CEO of
Encounter Technologies. "This means we can really focus on
our new social networking tool Roar! as well as some of our other
platform innovations. This is a new and exciting time over here at
Encounter. We are also looking forward to watching PTEL and
MusicMatrix start to take off now too."
On March 30, 2011, Anthony
DiBiase was named CEO for Pegasus Tel, Inc. and as a
result, he declared a one-for-one dividend for ENTI
Shareholders. As part of an asset purchase agreement with
Pegasus Tel, Encounter Technologies received
preferred shares of Pegasus. These preferred shares will be
distributed to Encounter shareholders sufficient to allow
each shareholder, once converted to Pegasus common stock, to
have the same number of common shares of Pegasus as they
hold in Encounter. The MusicMatrix web site was
acquired by Pegasus Tel from Encounter Technologies
in exchange for these preferred shares of PTEL.
"My shareholders know it has always been my mission to reward
them for their continued support of MusicMatrix," stated
Pegasus CEO Anthony
DiBiase. "This dividend with PTEL is the most
effective way to accomplish that goal and gain further investor
credibility for our business. It is with sincere pleasure that I
officially welcome over 3,000 new shareholders to Pegasus
Tel from Encounter Technologies."
ABOUT ENCOUNTER TECHNOLOGIES, INC. (ENTI:PK)
Encounter Technologies, Inc. specializes in social media,
video technology and on-line entertainment web solutions. The
Company utilizes pre-built applications to provide platforms for
businesses interested in utilizing video technology to increase
online collaboration and interaction. The goal is to provide
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 www.encounterdt.com
ABOUT PEGASUS TEL, INC. (PTEL:OTCBB)
Pegasus Tel, Inc. is a global leader in web based
technology solutions and corporate headquarters of
MusicMatrix.com. The primary goal of the Company's
projects is focusing on constant innovation in emerging technology
areas. We believe that our corporate partners will get only the
best when they work with us. PTEL web based projects
engage users with the core features of everyday life through
innovative video streaming, web-based and mobile applications. We
market and refine products from emerging technologies like mobile
and social media, which enable our users to stay in 'constant
connection' with their users through relevant and unique online
marketing initiatives. Our solutions allow customers, employees,
constituents, and shareholders to engage, communicate, connect and
grow with others that share similar interests. Whether you are
using a smartphone, a computer, or a tablet, PTEL's
technology and platforms provide you with the optimal experience
that you are looking for in an online platform. For more
information on Pegasus Tel, please visit www.ptelcorp.com.
INVESTOR RELATIONS CONTACT:
info@encounterdt.com
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 under reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Encounter Technologies, Inc. undertake no obligation to update such
statements.
SOURCE Encounter Technologies, Inc.
