Encounter Technologies (ENTI) Announces Strategic Alliance With Digital Utilities Ventures (DUTV)

NEW YORK, June 15, 2011 /PRNewswire/ -- Encounter Technologies, Inc. (ENTI:PK), specializing in social media, video technology and on-line streaming solutions, announced today corporate discussions with Digital Utilities Ventures (DUTV:PK).  As a result of these discussions, Garry McHenry, CEO of Digital Utilities Ventures, will appoint Anthony DiBiase, CEO of Encounter Technologies, to their Board of Directors.

As part of the proposed plan, Encounter Technologies will facilitate bringing DUTV's compression technologies to market in addition to utilizing the technology for its Internet Yellow Pages Platform (IYP) and Filmrookie web sites.  As compensation, Encounter Technologies will hold a major investment position in Digital Utilities.

"I am excited about the potential for this partnership," commented DiBiase. "Encounter will help bring the already completed compression technology to market in addition to having a competitive advantage being first to utilize it for our current platforms.  Keep in mind; this technology is in the perfect position for the evolution of IPTV (Internet Protocol Television).  Since ENTI will have major "skin" in the success of these technologies, it's a win-win for everyone involved especially the shareholders of both companies."

In the coming weeks, Encounter and DUTV will release a link to showcase this cutting-edge compression technology.  "When investors see the innovation of this technology, they will not believe their eyes," adds McHenry. "We use an internet-based platform to deliver TV programming and advertising.  We like to refer to it as "The New Last Mile", and it's light years ahead of anything available at the moment.  We are confident this opportunity with Encounter will drive new market share and revenues."

ABOUT ENCOUNTER TECHNOLOGIES, INC. (ENTI)

Encounter Technologies, Inc. specializes in social media, video technology and on-line entertainment web solutions.  The Company utilizes pre-built applications to provide platforms for businesses interested in utilizing video technology to increase online collaboration and interaction. The goal is to provide clients with the best methods to increase user value and achieve desired business results. Simply put, Encounter Technologies, Inc. transforms ideas into revenues. For more information about Encounter Technologies, Inc. visit www.encountertech.com.

ABOUT DIGITAL UTILITIES VENTURES, INC. (DUTV)

Digital Utilities Ventures, Inc. will revolutionize television by launching its unique, patent pending, internet based technology to deliver programming to TV and Cell Phone Screens, creating the Broadcast Delivery Standard for the IPTV industry.  The Company's technology, known as "The New Last Mile", uses a web-based platform to deliver TV programming. Acting as a virtual cable company, the network can stream live programs of broadcast quality from anywhere in the world over the internet directly to TV audiences and cell phone subscribers without having to build out fiber optic lines to homes. For more information about Digital Utilities Ventures, Inc., please visit www.dutv.us

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Encounter Technologies, Inc. under take no obligation to update such statements.

INVESTOR RELATIONS CONTACT:
Encounter Technologies, Inc.
Sheri Cook
Director of Marketing
[email protected]

SOURCE Encounter Technologies, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED