Enter Tech sells Shopping Mall Online Inc. back to management

LOVELAND, Colo. -Enter Tech Corporation (OTCBB:ENTR) has sold the controlling interest in its subsidiary, Shopping Mall Online Inc. back to management, the company announced.

Enter Tech is involved in the development of Internet shopping kiosks. Both Enter Tech and Shopping Mall Online will continue to work together on several projects, including the use of NCG wireless technologies as a part of solutions for SMO kiosk installations.

Shopping Mall Online has been negotiating with various brick and mortar mall developers and ownership groups to make goods in the retail stores available on

The sale will result in a change of control with SMO and its principal shareholder, Robert Pratt Jr., returning the majority of Enter Tech stock in exchange for returning control of the company to SMO management. SMO will retain 480,000 shares of Enter Tech restricted common stock. Enter Tech will retain a minority stock position in Shopping Mall Online with 480,000 shares of SMO stock.

William H. Carpenter Jr., who recently appointed to the board of directors of Enter Tech, will resign immediately and take a similar board position with Shopping Mall Online Inc.