SOURCE: Z3 Enterprises, Inc.

Z3 Enterprises, Inc.

February 03, 2011 13:47 ET

Z3 Enterprises Executes Subscription Agreement With Goldbar Entertainment for the Purchase of the Company's Common Stock

LAS VEGAS, NV--(Marketwire - February 3, 2011) - Z3 Enterprises (OTCBB: BIBB) (PINKSHEETS: BIBB) and Goldbar Entertainment, LLC. entered into a subscription agreement for the purchase and sale of the company's stock. The agreement commits Goldbar Entertainment to the purchase of $600,000 in stock of Z3 Enterprises, Inc.

"We are very pleased that Goldbar believes in our projects and corporate objectives," said Ross Giles, President and CEO of Z3 Enterprises. "The funds specifically are expected to be earmarked for the launch of the Jimi Hendrix/Tunde Ra and Taharque Aleem Project."

On December 24, 2010, Z3 Enterprises announced that the company had entered into a Memorandum of Agreement to acquire the rights to distribute archived music featuring legendary rock star Jimi Hendrix. Under the terms of the MOA with Taharqa and Tunde Ra Aleem (formerly Albert and Arthur Allen) of the The Ghetto Fighters and Nia Records, Z3 Enterprises is expected launch promotion the unreleased music featuring Hendrix in conjunction with the promotional release of an autobiography about the Aleems and Hendrix, also to be released by Z3 Enterprises. The book details the life and times of the Aleems with Jimi Hendrix as members of The Ghetto Fighters, a band formed with Hendrix prior to his controversial death at the age of 29.

About Z3 Enterprises, Inc. (OTCBB: BIBB) (PINKSHEETS: BIBB) (formerly Bibb Corp.): Z3 Enterprises intends to finance, produce, and distribute entertainment content and projects for music, television and feature films. Its subsidiaries also feature health, wellness, sports, and entertainment projects. Z3's projects include TV and feature film production, an in-house publishing division, a series of health and wellness publications, and special events marketing. For more information, visit www.z3einc.com

Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Contact Information

  • Company Contact:
    Ross Giles
    President/CEO
    Tel: 702.508.9255
    email: Email Contact