The internet is home to many of the most creative minds in the world. Many companies are attempting to break into the different spheres that exist online and somehow make consumers out of them. One company which is well on it's way to success is Encounter Technologies Inc (ENTI). Currently working with the music giants like Sony Music Entertainment (SME), Warner Music Group (WMG), EMI, and Universal Music Group (UMG), it is bringing something unique to music lovers.

ENTI has seen large gains of over 500% over the last month. this has been in part due to the excitement of their recent news and progression of potentially huge money makers. ENTI peaked today at $0.08 and looks like it could continues as well. Thier innovation lies in their creative use of niche market targeting and the power of online communities. They have several projects bringing in revenue, all of which have their own potential.

What ENTI is looking to bring to the internet is, through one of their projects, a music based community that is involved with editing music and music videos. Their flagship project, called Music Matrx, will offer prizes and other incentives to their paying members to get them active and involved in the online community. Users not interested in editing music videos will be given incentive to drive traffic to the site and promote the featured artist or song as well as purchase songs, ringtones, and videos.

Their system is supposedly intuitive and simple to use for editing the different resources available to members. They also wish to improve the overall video streaming experience with top quality sound and video. They expect over $20 million in gross revenue to be produced from only MusicMatrx.com, with over 800,000 monthly paying members as of June of next year.

One other area of success for them is their video sales aid produced for the yellow pages publishing industry. This helps small business owners advertise with video online with yellow pages publishers. They help facilitate the use of online video to advertise the products of their customers. This goes from cradle to grave, in the sense that this program starts all the way from the film shoot, helping businesses with even the difficulty of production. This project is expected to bring in over 11$ million in gross revenue, separate from the earnings listed earlier.

For a penny stock ENTI seems to be pulling strong numbers, and this is aided by the recent financing agreement they reached for further development of their Music Matrx website. Spire Investment Group has agreed to finance up to $10 million for the June release of their website. They have so far received over $300,000 and expectations are high.

All in all ENTI is looking pretty strong and expect a large jump sometime around June 1st with the announcement of their fully operational site. Liquidity will not be an issue as volume is very high. Enjoy the ride on this one, it could get pretty big with the right news of success.