H3 + D Apparel = H3D Apparel Acquisition Gives H3 Direct Access to the Greatest NBA Stars of Today
16 June 2005 - 11:39PM
Business Wire
In a move designed to add to the Company's vertical integration, as
well as community participation, H3Enterprises announced today the
signing of a Purchase Agreement with D Apparel, Inc., makers of the
ultimate apparel for NBA lovers and Hip Hop lovers alike, including
its signature "D Bands" featured on BET. H3Enterprises ("HTRE") is
the first publicly traded company dedicated exclusively to the Hip
Hop Community. H3 is the owner, creator, franchisor, and licensor
of HipHopSodaShops, H3Raps, H3WhiteTeaBeverages, H3Merchandise,
Halls of HipHop, H3CyberSports, H3's WorldSeries Of CyberSports,
H3O (hthreeonline.com) and after formal closing, H3D Apparel. H3D
Apparel will immediately begin producing all of the apparel sold
out of H3's award winning HipHopSodaShops and will continue to
negotiate Purchase Orders with the world's best known retailers.
The acquisition also gives H3 the opportunity to talk directly with
the brightest stars of the NBA about opening HipHopSodaShops in
their own communities. All stars will be given the chance to
participate in the SodaShops' Area Development Program as well as
other H3 activities. H3 recently announced the signing of a 30
store Area Development Agreement for the booming Las Vegas market
with UNLV legend and former NBA Champion, Jackie Robinson, who was
also recently the owner/operator of 62 Pizza Hut franchises.
Vincent Norment, President of D Apparel, Inc. said "It's a blessing
to become a part of the H3 team and all that it stands for. I will
be speaking directly with my best friends and contacts in the
sports and entertainment worlds to quickly further the development
of the HipHopSodaShops, the biggest thing to happen to Hip Hop
since Biggie. H3D has already become an active participant in
several B-Ball charity events and tournaments featuring the best
ballers and rappers in the world. We're now perfectly positioned to
fully capitalize on what I call the 'Hip Hoop' phenomenon: all
ballers want to rap, and rappers love to ball. The operations of
our Company have been designed to give 'Hip' and 'Hoop' the
opportunity to work together for the good of all our communities."
"It's great to add D Apparel and a man with Vincent's credentials,
convictions and connections to our operations", said Company
President Brian "H3" Peters. "Our Companies seem to fit as
perfectly as our names. Owning every aspect of our franchising and
retailing operations from top to bottom will add considerably to
our margins both inside and outside the HipHopSodaShops,
particularly on H3O (hthreeonline.com). The SodaShops are something
the entire Hip Hop community can't wait to embrace. "Along with H3
Chairman George Lois, I want to take this opportunity to publicly
thank Charles Barkley, for being the only major public figure to
proudly and repeatedly support Jayson Williams on National TV."
continued Peters. "A real friend is a friend to the end. Keep your
head up Jay; your eternal friends and teammates have just begun the
fight to win back your good name and humanity. Let the truth be
told."
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