New Online Property Will Create Several Innovative High Yielding Revenue Channels and the Largest Pay-to-Play Video Gaming Site on the Worldwide Web
NEW YORK, NY--(Marketwire - July 8, 2008) - H3 Enterprises, Inc. (PINKSHEETS: HTRE), the world's first publicly traded Hip-Hop company, has signed an agreement with Michigan-based GamerSaloon.com. The web property, to be announced officially in the coming days, will offer video gamers of all skill levels the ability to win money and prizes as they game. The site will support a variety of multiplayer tournaments, rule-sets and video game titles. The site will also provide support for all major video gaming platforms. "We are excited to be working with GamerSaloon.com to power our online mulitplayer pay-to-play engine. This agreement officially commences the initiation of H3's multi-faceted online video gaming revenue business model," said Jordan Edelson, H3 Enterprises' Chief Technology Officer and Digital Entertainment Director. "The new web property will target both the hardcore and casual video gaming enthusiast with support from H3's unique reach and celebrity driven access."
GamerSaloon.com's CEO Gabe Rubin stated, "We have spent several years developing and growing our technology and are thrilled to be working with H3 on the project. This is a unique revenue generating opportunity that will have GamerSaloon.com's full support and dedication." More news and information on the new web property will be announced in the coming days.
About GamerSaloon.com: GamerSaloon.com is the world's largest video game tournament network that lets adults compete for real cash prizes in head-to-head and multi-player tournaments. GamerSaloon.com members can chat live with each other and view a potential opponent's profile containing history and other player comments. Over 85,000 members are registered (free) with the website and more than $1.3 million in cash prizes have been awarded since GamerSaloon.com was launched in November, 2006
H3 Enterprises, Inc. is the parent company of the HipHopSodaShop. As the first publicly traded Hip-Hop company, H3 Enterprises, Inc. is dedicated to the mission of empowering young people through investment, education and economic development.
The HipHopSodaShops are a franchise restaurant operation that brings hip-hop music, sports and community involvement to every city where they open. The HipHopSodaShop comes complete with a quick-service menu, merchandising, a state of the art recording studio, multiple giant LCD screens, the latest Xbox 360 live video games, and a large area dedicated to competitive on-line video gaming. The HipHopSodaShop is a modern day cultural entertainment center where many forms of Hip-Hop can be expressed by patrons and embraced by the community. The HipHopSodaShops carry a message of giving back to the community in the forms of empowerment, investment, and employment. H3 opened its first HipHopSodaShop in Tampa in December of 2007 and recently opened its second unit in Miami in May 2008. The company plans to begin aggressively franchising and licensing the HipHopSodaShops in the third quarter of 2008. (www.hiphopsodashop.com)
Safe Harbor: 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.