Encounter Technologies Reaches in Excess of 1M in Private Funding
Market Wire, July, 2010
Encounter Technologies, Inc. (PINKSHEETS: ENTI) announced today the company has received more than $1,000,000 in funding to date from Spire Investment Group. The funding has been primarily used to pay for costs associated with their flagship site MusicMatrix.com, including: site programming, interactive music video shoots, video production & editing, marketing & promotion, as well as an endorsement deal with a soon to be disclosed premier music industry artist.
“We’re thrilled to have the expertise of Spire on board,” states ENTI CEO, Rick DiBiase. “Founders Bryan Bardes and Eric Kafrawy have extensive experience in evaluating the feasibility of projects in commercial real estate, online ventures and innovative start-ups, among others.”
As it states on their corporate website, Spire’s investment success is rooted in intensive market selection, comprehensive due diligence, detailed financial management, and timely investment dispositions. “To have Spire partnered with us on MusicMatrix for long-term funding has been quite an achievement and, in my humble opinion, a testament to the fundamental value and potential profitability in the MusicMatrix business model,” states DiBiase.
Aside from funding, MusicMatrix has received valuable input from Spire as consultants. One of their primary service models includes scrutinizing an investment’s financial underpinnings and legal structure to focusing on its core competencies, every venture is enhanced by the Spire touch to improve its profitability and its competitive position within the market. “Their expertise has proven invaluable and we’re thrilled to be moving forward with competent, capable partners as we announce the next phases of MusicMatrix toward a comprehensive online/mobile universe model,” concludes DiBiase.
About Spire Investment Group, Inc.
Spire Investment Group’s approach to investing in commercial/residential real estate, online media, and much more is based on the underlying principle that the client comes first. Founded by Mr
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