SOURCE: H3 Enterprises

March 06, 2007 10:19 ET

H3's New Chairman Keith Chutjian's "Message to the Shareholders"

Restructuring Plan Being Implemented From Top to Bottom as Company Rapidly Readies for Breakthrough Product Launchings

ST. PETERSBURG, FL -- (MARKET WIRE) -- March 6, 2007 -- H3 Enterprises (PINKSHEETS: HTRE) -- "I want to thank each and every one of our shareholders who have shared in our heartaches and rejoiced in our achievements while patiently waiting for the Dream to become reality. This year's NBA All Star Weekend has presented us with the most propitious backdrop imaginable for the launching of two breakthrough products that we believe will capture the imagination of the entire Hip Hop Generation.

"I became a major shareholder of HTRE at the beginning of last year and have increased my holdings substantially since. I am flattered and quite proud that Brian (Peters) and George (Lois) have given me the opportunity to make history of our own and help bring their absolutely brilliant business model to maximum fruition.

"Once our store prototype is completed, we should be rolling out plans for SodaShops in conjunction with some of the biggest names in sports and entertainment. The launch of BG7 and H3TV are being introduced to the marketplace in a strategic effort to familiarize our target audience with the H3 product line leading into the opening of the Warren Sapp HipHopSodaShop.

"Our new websites and business activities represent our total focus on detail, structure and, most of all, results. We will be supporting our business endeavors with a management team that has the experience, creativity and track record to maximize shareholder's value while being a shining beacon within the community.

"While many roles and faces will be changing, our mission and message remain the same; giving the Hip Hop Generation a place to call their own while creating ongoing social and economic empowerment by generating investment, jobs and educational opportunities throughout communities across America.

"I want to take this opportunity to thank Warren Sapp, Juelz Santana, Ben Gordon and everyone associated with Team H3 for their unselfish dedication and for making H3 a highly attractive investment vehicle for elite athletes and entertainers alike. We have literally just begun to scratch the surface in this area and look forward to many of the greatest athletes and hip hop stars in the world aligning themselves with our emerging young company."

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.

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