H3 Enterprises, Inc. Announces New Management Team
19 July 2008 - 12:11AM
Marketwired
BOCA RATON, FL ("H3" or the "Company") announces the revamping
of its management team to focus on building strong internal
controls to help manage the Company's expansion efforts. As such,
it is with deep regret but steadfastness of purpose that H3
announces that, effective immediately, Dr. Benjamin Chavis will no
longer serve as the Company's president and Chief Executive
Officer.
After exhaustive searches, the Company believes it has put into
place the makings of a dynamic new management team, totally focused
on implementing every element of the Company's award winning
business model as expeditiously and profitably as possible.
Mr. Guy M. Jean-Pierre, a principal of Gold Coast Professional
Services, PA, has been brought in as Chief Legal Officer of the
Company effective July 1, 2008. Mr. Jean-Pierre has the proven
background and talents necessary to establish a strong corporate
governance policy, ensure H3's publicly traded security compliance,
and administer H3's U.F.D.D. franchising legal requirements among
other things.
Mr. Dennis Ruggeri has an extensive financial management
background with public companies for over 25 years; H3 welcomes him
as Chief Financial Officer of the Company effective July 1, 2008.
Mr. Ruggeri is responsible for streamlining the financial
operations and fiscal reporting of the Company with an eye towards
acquisitions, spin-offs, and the landing of the Company on the
NASDAQ Bulletin Board.
Mr. Jordan Edelson has been retained to be the new Chief
Technology Officer of the Company effective June 15, 2008
responsible for, among other things, all video gaming, digital
tournaments, technology joint ventures and collaborations
including, but not limited to, the Partnership Agreements and
sponsorships with Gamer Saloon, Microsoft and ESportsTV.
Brian Peters, H3 Co-Founder and Director, will assume the
position of interim President & CEO while the Company sources
additional experienced corporate leadership to forge its rapid
domestic, international, and digital expansion.
H3's new headquarters will be in Boca Raton, Florida, effective
immediately. The Board believes it is beneficial to have the
Company's headquarters in the same state as the Company's principal
businesses, including the Hip Hop Soda Shop(s) located in Miami
Gardens and Tampa Bay. South Florida is also home to most of H3's
top officials.
H3 believes this new management team brings clarity and creates
a unified sense of purpose for the Company. The vision of H3's
award winning business model is now a step closer to realization
with all the key players acting in unison toward a common
purpose.
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.
Contact: Guy M. Jean-Pierre Chief Legal Officer Phone:
561.305.5527 Fax: 561.634.2132
guy.jean-pierre@hiphopsodashop.com
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