ENTI Signs Letter-of-Intent FOR $20-MILLION LINE-OF-CREDIT!$$$
Huge, HUGE, and MORE HUGER GIGANTIC NEWS...crying again...!! ....breathing... Official TEXT of News Release BELOW (bolding mine):
Encounter Technologies (ENTI) Files to Move From Pink Sheets to OTC Bulletin Board (OTCBB)
Encounter Technologies, Inc. (PINKSHEETS: ENTI), a company that specializes in social media, video technology, and online entertainment Web solutions, announced today that it has signed a Letter of Intent with Ambrose & Keith Fund LLC, for a $20,000,000 line of credit.
The funding is contingent upon the Company obtaining a listing on the Over-the-Counter Bulletin Board (OTCBB) or a comparable Exchange for the Company's stock.
To that end, the Company plans to file a Registration Statement on Form S-1 to Register shares, begin Reporting to the Securities and Exchange Commission (SEC), and file the appropriate documents to obtain a listing on the OTCBB.
"The move to the OTC Bulletin Board is an important milestone for Encounter Technologies," stated CEO Anthony DiBiase.
"This changes the landscape for our current and potential Shareholders, and reflects our commitment to grow the Company and enhance Shareholder value. As we showcase our technology with the recent launch of http://www.MusicMatrix.com and expand that technology to additional markets, this listing upgrade will increase financing options and transparency in the Investment community.
"This move also positions us one step away from my ultimate objective of having ENTI listed on the NASDAQ."
Once the Registration is effective, it is anticipated that Encounter Technologies will receive final approval to commence trading on the OTC Bulletin Board.
Issuers of all Securities quoted on the OTCBB are subject to periodic Reporting of financial information to the SEC. ENTI will be required to provide Quarterly and Annual financial information, and remain current in its filings with the SEC.
The OTC Bulletin Board provides access to more than 3,300 securities, and includes more than 230 participating Market Makers. As a Regulated Quotation Service, it displays real-time quotes, last-sale prices, and volume information in Over-The-Counter (OTC) Equity Securities.
OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs) _____________________________________________________________
....Oxygen mask...!
Are we havin' FUN today, Kiddies and Friends? WE ARE HAVIN' FUN!!$$
d[-_-]b
All the Best to Everybody and ENTI / Yellow Pages / Mmx!$ :-)
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