SOURCE: H3 Enterprises, Inc.

August 17, 2007 09:59 ET

H3 Enterprises and Meridian Beverage Sign Major Agreement

NEW YORK, NY--(Marketwire - August 17, 2007) - H3 Enterprises, Inc. (PINKSHEETS: HTRE) and Meridian Beverage, Inc., an Atlanta-based beverage company that produces a variety of great tasting yet healthy beverages with little or no sugar, have announced the signing of a Memorandum of Agreement this morning.

The agreement focuses on Meridian and H3's mission to develop, manufacture and distribute H3 branded goods and services in urban communities across the USA. Both companies are dedicated to consumer health and educating youth on the importance of a proper diet. Meridian is currently doing around $14 million in audited sales, led by its AquaCal brand of flavored waters.

In addition, H3 will have the opportunity to utilize Meridian's "Supply Chain" distribution network, which has already proven to be a major success in Super Centers and grocery stores including Wal-Mart, IGA Supermarkets, Bi-Lo, Kroger's, Piggly Wiggly, Fareway Stores, and United Supermarkets. Meridian's brands are currently being sold and distributed in 38 states.

By utilizing co-promotion strategies with socially conscious messages, this merger can prove to be monumental in the world of franchising as well. H3 and its HipHopSodaShop franchisees will have the opportunity to vertically integrate all of the products being created through this relationship. H3 will also have the ability to offer ownership to its franchisees of the Supply Chain being used to distribute every product to its stores, thereby giving all "Area Developers" the opportunity to actively participate in the distribution profits being created for their particular territory.

Next Monday's conference call and live video webcast with H3's CEO Dr. Ben Chavis will provide more details about this union as H3 embarks on the final stages of constructing its first HipHopSodaShop in St. Petersburg, FL.

H3 Enterprises is the first publicly traded company dedicated to the Hip-Hop generation. For more information please visit www.h3inc.com, www.hiphopsodashop.com, or call 877 H3 HIPHOP or 212 385 8039.

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 Information