NEW YORK, NY -- (Market Wire - Jul 11, 2007) -- H3 Enterprises Inc. (PINKSHEETS: HTRE), the first publicly traded hip-hop company, has officially entered the booming business of competitive video gaming by negotiating the acquisition of eSportsTV, a web-based broadcasting company globally known as "the ESPN of online video gaming."
H3 President and CEO, Dr. Ben Chavis, and eSportsTV Founder and CEO, Jordan Edelson, plan on building H3Players, the first-ever online gaming league exclusively geared towards the hip-hop youth culture. Gamers will be able to compete for substantial prizes including scholarships, valuable prizes and merchandise, and much more, while playing the most popular sports and youth-oriented video games.
With over eight plus years in the online gaming space, Edelson and his eSportsTV team bring experience and soon-to-be-released proprietary software to H3. In regards to the prospective acquisition, Edelson stated, "We are extremely excited about linking with the H3 team, developing the ultimate online gaming platform, and playing a captious role in the convergence of online gaming and the hip-hop youth culture."
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Dr. Chavis noted, "Working with Jordan Edelson and eSportsTV will catapult H3 into the forefront of the emerging business of competitive video gaming. Jordan has put a team of gaming gurus together that fit perfectly into our unique business model. H3Players tournaments will be held regularly at our HipHopSodaShop locations around the world as well as over the web. This acquisition will enable H3Players to gain maximum exposure, membership growth, and brand recognition through the worldwide broadcasts of our planned tournaments and online gaming activities."
eSportsTV was founded in 2004 by Jordan Edelson as a video game media entertainment company. Edelson is recognized as a pioneer and visionary in the online video game sector and has been featured in Popular Science Magazine, Business Review, Biz Journal, MSNBC.com, World News Now (ABC), and the Discovery Channel.
H3 Enterprises is the first publicly traded company devoted to the Hip-Hop generation. For more information please visit www.h3inc.com, www.hiphopsodashop.com, or call 877 H3 HIPHOP or 212 385 8039.
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.
Contact:
H3 Enterprises Inc.
877 H3 HIPHOP
