H3 Goes Long for $1 Million!

H3Enterprises Signs JVA with Dininno Group for HipHopSodaShop Development across Long Island 


NEW YORK, March 13  /PRNewswire-FirstCall/ -- H3Enterprises, Inc. (OTC: "HTRE") has announced the signing of a Joint Venture Agreement with the Dininno Group of New York that calls for the two Companies to jointly own and operate H3's HipHopSodaShops throughout Nassau and Suffolk Counties on Long Island. The Agreement also gives the new jointly owned company the exclusive rights to fully develop any and all HTRE related enterprises on the Island. The Dininno Group is owned by noted NY Entrepreneurs Don Dininno, Mike Miniero, Dennis Mineiro, Reid Goldstein, and Bernie Farsky, and will be paying HTRE a one time consideration of $1,000,000 for the rights being obtained in the JVA, the largest sum paid to date for development rights for HTRE.

"The HipHopSodaShops are perfectly positioned to be the 'Next Big Thing' in franchising," said Don Dininno, founder of the Dininno Group. "I can't say enough about the vision, timing, and marketing genius that George Lois and Brian Peters have already shown as a team, and I look forward to participating in their brilliant business model. We're supremely confident in our combined abilities to deliver on the promise of H3's culture changing concept to the maximum benefit of all HTRE shareholders."

"Adding all the players involved with Don to TeamH3 is truly a blessing," said HTRE President and Founder Brian "H3" Peters. "Their proven track record at the very highest level of American enterprise is almost unparalleled. It's all about teamwork and I strongly believe we could not have found better people or businessmen to help get the SodaShops off to a blazing start in one of the most important markets in America."

"HTRE presents an enormous wealth of revenue streams for the new joint Company to fully maximize," said HTRE Director and Principal Stu Yachnowitz of New York who has put together the Long Island development deal on behalf of H3 "We have a number of SodaShop conversions already being lined-up with existing restaurants and fast-food chains, and we expect to have hundreds of major new outlets for our CyberSports, merchandise and beverages in place in short order. We're all extremely impressed with every aspect of H3's ten months of start-up operations and look forward to sharing our future with HTRE's incredibly golden opportunities."

Last Friday, March 10, 2006, HTRE issued the following statement regarding its transfer agent and number of outstanding shares: "In February 2006, the Company changed its transfer agent from Corporate Stock Transfer in Denver, Colorado, to Colonial Stock Transfer in Salt Lake City, Utah. Following the change, Colonial Stock Transfer, the Company and its legal counsel, have determined that numerous documents relating to the issuance and transfer of shares are missing and/or are incorrect, resulting in the overstatement of the Company's outstanding shares in the amount of 132,785,480.25, when the correct number should be approximately 70,000,000 shares of common stock issued and outstanding. The Company is currently working with its legal counsel and transfer agent to effectuate the return and/or cancellation of approximately 60,000,000 shares, and will keep its shareholders and the market appraised of developments to that end."

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.

Contact: 877-H3-Hiphop ask for Public Relations http://www.hiphopsodashop.com/ 

DATASOURCE: H3Enterprises, Inc.



CONTACT: H3 Public Relations, 1-877-H3-Hiphop



Web site:  http://www.hiphopsodashop.com/ 

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