H3Enterprises Retires 50+ Million Shares of Common Stock
23 September 2006 - 4:21AM
PR Newswire (US)
LAS VEGAS, Sept. 22 /PRNewswire-FirstCall/ -- H3Enterprises, Inc.
(OTC:HTRE) has announced through its team of attorneys, headed by
Michael Labertew & Associates, that it has identified at least
50 million shares of common stock that it will be retiring and
returning to treasury. The firm's ultimate goal is to retire
approximately 70 million to 80 million shares, representing over 40
percent of its currently issued and outstanding shares. "We
continue to make strides to identify shares that were issued in
error by the company's prior transfer agent and/or prior
management, as well as shares for which full consideration was not
delivered to the company as promised," Michael Labertew, legal
counsel to H3Enterprises, stated. "In those situations, we are
using all legal means necessary to have these shares returned to
the company for cancellation, thereby increasing the value of the
remaining shares owned by our shareholders." H3Enterprises is a
publicly traded company that markets the positive aspects of hip
hop culture through a variety of business models. Based in Las
Vegas, Nevada, H3Enterprises is committed to providing economic and
educational opportunities for young people, feeding the worldwide
demand for everything hip hop and maximizing returns for its
shareholders. H3Enterprises is the owner, creator, licensor, and
franchiser of HipHopSodaShops, HipHopHeaven, Halls of HipHop,
H3Raps, H3WhiteTea, H3Players.com, H3Merchandising, and H3Players'
WorldSeries of CyberSports. 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.
DATASOURCE: H3Enterprises, Inc. CONTACT: Michael Labertew of
Labertew & Associates, +1-801-424-3555, for H3Enterprises, Inc.
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