Encounter Development Technologies Inc. (ENTI)

[cjctrader]

"NEW YORK, NY--(Marketwire - July 15, 2010) - Encounter Technologies, Inc. (PINKSHEETS: ENTI) CEO, Rick DiBiase, is pleased to announce that the company has sold its patented Video Sales Platform (VSP), a concept designed for the Internet Yellow Pages Industry, to a corporate purchaser for 1.75 million dollars.

The deal took place in the wake of what was originally to be Encounter's own launch of the platform,"


..granted some statements in Press Releases can be and are forward looking statements, but not all.

"Has sold"
"Took place"
are statements of occurrences that HAVE OCCURRED, i.e. past tenses, not forward looking statements.
SEC regulations and scrutiny apply even to stocks on the pink sheets, and "already done" transactions must stand the accuracy test.

Link to numerous companies the SEC has charged with fraud:
http://cc.bingj.com/cache.aspx?q=sec+fraud+in+press+releases&d=4733458289199436&mkt=en-US&setlang=en-US&w=43402d28,fe6cfbfb

In the end, it will be the SEC that determines if there was fraud by previous management of ENTI, not the opinions of this board (including mine).