Encounter Development Technologies Inc. (ENTI)

[kaitnick1]

Are we still on schedule???? This is such a joke.

ENCOUNTER DEVELOPMENT TECHNOLOGIES INC. IS ON SCHEDULE WITH ITS RESTRUCTURING
Mar 21, 2014

OTC Disclosure & News Service

Rochester, NY -


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."