Encounter Development Technologies Inc. (ENTI)

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DESCRIPTION

Encounter Technologies, Inc. is in the process of undertaking the management of four major-flag hotels in Central Kansas and Northern Oklahoma. Moreover, a one-year escrow will operate contemporaneously with the management contracts for each property; whereby, the company will be purchasing those properties. The company will commence a secondary offering during the second quarter of calendar year 2019 (following the effect of a notification of corporate actions to FINRA) to satisfy the purchase prices-in-full for those properties. The company's management has been engaged in confidential discussions to acquire two "Strip" properties in Las Vegas, Nevada, which will give the company a significant presence in the hospitality industry. The company's board of directors anticipate the hotel/casino transactions will close in eight months to one and one-half years after to company obtains the required Nevada State regulatory approvals.


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29,900,972,000
07/31/2019

https://www.otcmarkets.com/stock/ENTI/profile