Pegasus Tel Inc (PTEL)

[deerland]

The last day to buy was June 6, the 20th was the original payable date.

NEW YORK, June 6, 2011 /PRNewswire/ -- Encounter Technologies, Inc. (ENTI.PK), a Company specializing in social media, video technology and on-line streaming solutions, announces that today, Monday, June 6, 2011, is the last day for ENTI shares to be on record and eligible for the one for one dividend with Pegasus Tel, Inc. (PTEL:BB). On Monday, June 6, 2011 (Official Record Date), all common stock shareholders of Encounter Technologies will be entitled to one share of Pegasus Tel for each share of ENTI they own.

As part of an agreement with Pegasus Tel, Encounter Technologies will be receiving preferred shares of Pegasus that will convert into common shares. Encounter will distribute these preferred shares to its common shareholders sufficient to allow each shareholder of Encounter, once converted to Pegasus common stock, to have the same number of common shares of Pegasus as they hold in Encounter. Pegasus Tel will acquire the ENTI MusicMatrix web site in exchange for the preferred shares of PTEL.

Anthony DiBiase, CEO of Pegasus Tel, Inc. (PTEL:BB) and Encounter Technologies, Inc. (ENTI:PK) declared a payment of PTEL shares to ENTI in exchange for the MusicMatrix technology, which ENTI will distribute on a one-for-one basis to ENTI Shareholders. On the payable date of June 20, 2011, Encounter will provide all current ENTI shareholders with one share of Pegasus for each share they hold in Encounter Technologies. "After this dividend, current ENTI Shareholders will increase their investment value in two public companies with the Pegasus shares," concludes DiBiase.