Encounter Development Technologies Inc. (ENTI)

[barnyarddog]

INDEFINITE SUSPENSION OF CORPORATE OPERATIONS DUE TO COVID-19Earnings Announcement | 03/30/2020

The Board of Directors of Encounter Technologies, Inc. and its consolidated subsidiaries, Encounter Tech Oklahoma Co., Inc. and Encounter Mid-America Properties, Inc., regret to announce that Encounter is discontinuing all of its corporate functions at its Sarasota, Rochester, Duncanville, and Las Vegas offices effective this date due to the COVID-19 (Novel Coronavirus) virus.


Furthermore, we are limiting our activities at our hotel property in Enid, Oklahoma, too.


Encounters directors and senior executive officers extend their condolences to all of Encounters shareholders and investors who have been affected by the virus.


Pursuant to one or more Executive Orders issued by the Governor of Oklahoma, Encounter has been required to eliminate foodservice operations, the offer of amenities to our guests, and the customary daily cleaning of rooms to our guests who stay over. In addition, the Governors of California, Nevada, Texas, and New York have issued orders for everyone to stay in place and not congregate in public areas.


We are extremely grateful to those guests who have remained at our property in Enid. Garfield County, Oklahoma, this morning declared two persons confirmed to have contracted the virus. Moreover, the governor issued an order yesterday initiating a quarantine on persons traveling to Oklahoma from New York, California, Louisiana, and several other states. Clearly, this action is a distraction from our customary business conduct and operations, the implications of which will undoubtedly affect our revenues and income. (We do not consider this a forward-looking statement; rather, a reality as the result of these trying times.)


Encounter will resume its reporting and other obligations when its board of directors deem it is safe for our corporate employees to resume their duties. At present, our senior executive officers and directors are not traveling and are staying in place at their respective locations throughout the United States.


Encounters Board of Directors apologizes for any inconvenience this may cause our shareholders and investors.

For additional information, write to [e-mail] or call [phone].


https://www.otcmarkets.com/stock/ENTI/news/INDEFINITE-SUSPENSION-OF-CORPORATE-OPERATIONS-DUE-TO-COVID-19?id=257796