H3 Acquires ``neTVizon'
A H3Enterprises Gains Control of PCTV, Inc. with Stock and Cash Deal
ST. PETERSBURG, Fla., Oct 10, 2006 (BUSINESS WIRE) -- H3Enterprises, Inc. (OTC:HTRE) has announced the signing of a Purchase Agreement that gives H3 controlling interest in PCTV, Inc., one of the world's leading distributors and marketers of computer based high resolution LCD television displays, currently called "neTVizon(TM)".
"This acquisition adds tremendously to the vertical integration that we've been trying to achieve for our emerging young company," said H3's new CEO, Jackie Robinson. PCTV gives us our own proprietary LCD displays to place throughout the HipHopSodaShops as well as our own cutting edge displays to be utilized in all H3Players.com tournaments and related events."
"PCTV, Inc. will also be H3's first major revenue stream and profit center with several multi-million dollar Purchase Orders expected to be finalized in the coming days to go along with the substantial contracts that PCTV has already garnered. We also expect to soon be signing several major sponsorship deals with some of the largest companies in the world relating to our displays and upcoming tournaments. I'm especially looking forward to my meeting in Miami with the newest member of TeamH3, Dwayne Wade, who will be actively involved with all of our upcoming CyberSports tournaments," said Robinson.
neTVizon(TM) displays are a multi-functional, multi-media computerized television display that integrates proprietary PC Blade technology. The neTVizon's(TM) uniqueness stems from the fact that they are a television first and PC second, boasting the highest resolution in the industry. Each unit has the strength of a PC and the versatility of a laptop with the ease and convenience of a "removable computer" and a "controller card" that integrates the TV and PC together into one. This cutting edge technology has vaulted neTVizon(TM) to the top of the digital signage and kiosk revolution.
"It's amazing what Jackie Robinson has accomplished as H3's CEO in just six weeks," said Jay Matos, President of PCTV, Inc. "We've already landed some major deals recently for neTVizon including the Westgate Resorts, the New Planet Hollywood Towers, the Aladdin Hotel Sales Center, General Motors Flagship Cadillac Dealerships, and Nevada's upcoming political debates, but it looks like our sales will be increasing exponentially over the coming months with some of the industry giants that Jackie has already brought to the table. This should be a very exciting time for everyone associated with neTVizon(TM) and TeamH3."
Details of the acquisition as well as a full demonstration of neTVizon(TM) displays will be presented at 11:00 AM Eastern Savings Time this morning by PCTV, Inc.'s President Jay Matos and Vice President Click Clark at Warren Sapp's HipHopSodaShop, currently under construction in St. Petersburg. Jackie Robinson will also be on hand to make several breaking announcements involving the HipHopSodaShops and H3's newest strategic alliances and partnerships. Representatives from the Florida State Legislature as well as corporate giants such as Verizon and Viacom are expected to participate. All members of the media are invited to join in the festivities which will begin at 11:00 AM Eastern Savings Time. The store is located at 8901 4th Street N., St. Petersburg, FL. |
