H3 Goes Long for $1 Million!
Monday March 13, 3:39 pm ET
H3Enterprises Signs JVA with Dininno Group for HipHopSodaShop Development across Long Island
NEW YORK, March 13 /PRNewswire-FirstCall/ -- H3Enterprises, Inc. (OTC: "HTRE") has announced the signing of a Joint Venture Agreement with the Dininno Group of New York that calls for the two Companies to jointly own and operate H3's HipHopSodaShops throughout Nassau and Suffolk Counties on Long Island. The Agreement also gives the new jointly owned company the exclusive rights to fully develop any and all HTRE related enterprises on the Island. The Dininno Group is owned by noted NY Entrepreneurs Don Dininno, Mike Miniero, Dennis Mineiro, Reid Goldstein, and Bernie Farsky, and will be paying HTRE a one time consideration of $1,000,000 for the rights being obtained in the JVA, the largest sum paid to date for development rights for HTRE.The HipHopSodaShops are perfectly positioned to be the 'Next Big Thing' in franchising," said Don Dininno, founder of the Dininno Group. "I can't say enough about the vision, timing, and marketing genius that George Lois and Brian Peters have already shown as a team, and I look forward to participating in their brilliant business model. We're supremely confident in our combined abilities to deliver on the promise of H3's culture changing concept to the maximum benefit of all HTRE shareholders."
"Adding all the players involved with Don to TeamH3 is truly a blessing," said HTRE President and Founder Brian "H3" Peters. "Their proven track record at the very highest level of American enterprise is almost unparalleled. It's all about teamwork and I strongly believe we could not have found better people or businessmen to help get the SodaShops off to a blazing start in one of the most important markets in America."
"HTRE presents an enormous wealth of revenue streams for the new joint Company to fully maximize," said HTRE Director and Principal Stu Yachnowitz of New York who has put together the Long Island development deal on behalf of H3 "We have a number of SodaShop conversions already being lined-up with existing restaurants and fast-food chains, and we expect to have hundreds of major new outlets for our CyberSports, merchandise and beverages in place in short order. We're all extremely impressed with every aspect of H3's ten months of start-up operations and look forward to sharing our future with HTRE's incredibly golden opportunities." |
