SAINT PETERSBURG, Fla., Jan. 19, 2007 (PRIME NEWSWIRE) -- H3Enterprises (Pink Sheets:HTRE) has announced that 40 million of the Company's outstanding shares have been retired and returned to treasury. Management is continuing its efforts to identify shares that were overstated or issued in error by the Company's previous Transfer Agent, Corporate Stock Transfer, and will also commence a stock buyback program both privately and on the open market after the opening of its first HipHopSodaShop later next month.
Safe Harbor: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of H3Enterprises, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.