Encounter Development Technologies Inc. (ENTI)

[LarryW]

Encounter Technologies Continues Rally Higher

Encounter Technologies Inc. (ENTI, Free Analysis), a provider of end-to-end technology and online marketing services, saw its shares move 50% higher in early trading, as it extended its April rally amounting to more than 140%. The rally first began to gain steam when the firm announced a corporate update, and was fueled by more than eight subsequent releases.

In its most recent press release, the technology firm projected that it would see gross revenues for its Video Sales Platform product line increase from $5.8 million in December of 2010 to more than $11.6 million by September of 2011. However, the company has yet to update its information and filings on PinkSheets.com, making any analysis difficult to conduct.

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