H3 Enterprises (CE) (USOTC:HTRE)
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Award winning television and music industry producer and
renowned Canadian entrepreneur J. Michel de Montigny has signed a long
term contract to become H3Enterprises (Pink Sheets:HTRE) new CEO. De
Montigny brings a wealth of financial and multi-media expertise to the
H3 team and has thrived working in the public markets, particularly
with Canadian and US Bulletin Board and Pink Sheets companies. He was
the founder, CEO, and Chairman of GSI Technologies (OTCBB:GSITB), the
winner of the 2001 "Business of the Year" award for Canada.
Michel's first official act as H3's CEO took place this morning
when he finalized and signed funding program commitments aggregating
$1 Million. The funds will be used to commence building-out and
opening H3's HipHopSodaShops flagship locations in Harlem and the
Bronx, as well as enhancing the Company's franchising, marketing and
promotional efforts.
H3's 25 year old founder and award winning President, Brian "H3"
Peters, had this to say about the new CEO: "Hiring Michel is an
historic move for HTRE and our shareholders. His proven ability to
conquer the financial markets along with his phenomenal musical
talents and connections make him a perfect fit for the long and short
term success of H3. He's blessed with an innate ability to
communicate, as well as God-given leadership skills. Michel is truly a
pleasure to work with on a daily basis and has quickly become a highly
revered figure within our Company."
H3 Chairman and Hall of Fame advertising icon George Lois (now
being featured in HBO's documentary "Mantle") echoed H3's sentiments:
"You cannot help but be impressed when you meet Michel and quickly
understand why he's a man who's always been successful at whatever he
has chosen to pursue. He's someone who was born to lead and just knows
how to rally the troops in a natural, soft spoken way. I don't get
excited easily at my age, but adding Michel as our CEO is something
that makes me downright giddy and brimming with confidence for the
future of this wonderful enterprise that Brian created."
"I've never been involved in a venture with as much upside as H3,"
said the newly signed CEO. "H3 and George have created the next great
thing in franchising, the HipHopSodaShops, by combining the fastest
growing forms of entertainment in the world, Hip Hop and Cyber Gaming,
into the most profitable franchise package I've ever seen. They have
structured a business with the potential for generating a tremendous
number of core revenue streams that are fully integrated, that we
expect will create interesting profit margins for our Company and our
franchisees. Giving the 13-35 year old target market a place they can
call their own is one of the most innovative marketing ideas to ever
come along, but I guess that's just business as usual for George
Lois.
"It's my mission to ensure that H3's breakthrough concept and
community conscious business model gets executed expeditiously and
cost effectively," continued de Montigny. "Capitalizing on the bond
between the stars of Hip Hop with the stars of the NBA to facilitate
the growth of the Soda Shops within urban areas all across America is
positively brilliant, creating a wealth of new jobs as well as a whole
host of new business and educational opportunities throughout the
communities. I don't know of any better individuals to join forces
with than these two creative geniuses. The fact that our efforts will
also serve to benefit those that need our assistance the most makes
this more rewarding than any work I've done to date."
H3Enterprises is the first publicly traded company devoted to the
Hip Hop lifestyle and culture. H3 is the owner, creator, licensor, and
franchiser of HipHopSodaShops, H3Raps, H3WhiteTeaBeverages,
H3Merchandising, H3CyberSports, H3'sWorldSeries of Cyber Sports, H30
(hthreeonline.com), Team H3 and Halls of Hip Hop.
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.