Clyde Smith now blogs at: Hip Hop Logic

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4/19/2005

 
H3 Ready to Tear up the Pink Sheets

NEW YORK--(BUSINESS WIRE)--April 18, 2005--Halls of HipHop, Inc. has signed a Final Purchase Agreement with FransAction, Inc. to become the first publicly traded company dedicated exclusively to Hip Hop and the entire Hip Hop community. H3's stock will trade under the symbol "FCTN" until a new symbol is approved. The name of the new Company will be H3Enterprises, Inc., which currently has 15 million shares outstanding.

"Our Company is all about sharing the unprecedented wealth being created by Hip Hop," said award winning Company President and co-founder, Brian "H3" Peters. "We want Hip Hop to serve as the engine that lifts the entire black community, so one of our goals is to be the company with the most shareholders in the world, the "People's Stock" that spreads the "Hip Hop Booty" to as many people as possible. Being on the PINK SHEETS is the best way for us to accomplish that goal right now. We've adopted a policy to split the stock as often as necessary to keep the price in the $1-$5 range, and give everyone the opportunity to create their own Hip Hop "Piggybank", just like 50 Cent."

H3 will be opening community conscious establishments across America and Canada that celebrate the greatness of Hip Hop, both music and culture. H3 has recently engineered several acquisitions geared for the immediate rollout of HipHopSodaShops, a totally unique fast-food franchise in concept as well as menu. "We offer the best in Hip Hop music, memorabilia and merchandise", said top Hip Hop DJ and Company co-founder Jamar "J Niice" McNeil, "and we'll be the first franchise to feature competitive CyberSports, both in-store and on H30 (Hthreeonline.com), offering daily prizes and culminating with H3's "WorldSeries of CyberSports", a Las Vegas extravaganza that makes instant millionaires out of the winners in each sport. Most importantly, we'll be creating thousands of jobs for our communities across America, jobs that people can really feel good about."

"We have the healthiest menu combos on earth", continued "J Niice", "with price points suitable for everyone's budget, including our signature H3Raps, a delicious selection of 'Biggie' and 'Smallie' wraps that have 80% fewer carbs than subs and sandwiches. We're also introducing H3WhiteTea, our own line of great tasting sodas, teas, lemonades, and energy drinks containing rare, organic white teas sweetened with pure chicory syrup, and boasting 5 times the healing and overall health benefits found in a 20 oz. bottle of Green Tea. H3WhiteTea will soon be available in America's busiest airports as well as several national chains."

Ultimate Franchise Systems, Inc. (OTCBB:UFSY - News), the previous majority owner of FransAction, will be maintaining a 15% stake in H3Enterprises and will be placing H3WhiteTea beverages, H3CyberSports, and H3 merchandise in many of its 605 franchised fast food stores. It is anticipated that many of the "UFSY" storeowners will be given the option to participate in the HipHopSodaShop's "Area Development" program.

H3 will be holding a press conference this week in Times Square to announce several other major developments, including the unveiling of H3's Hall-of-Fame "Executive Dream Team"., Jim Brown, the Muhammad Ali of football, both on and off the field, has been invited to speak along with several associates from Amer-I-Can. H3 intends to work hand-in-hand with Amer-I-Can to spread the Hip Hop wealth to where its needed the most, job creation and better education for the black community. To that end, H3 has donated 100,000 shares of its common stock to further educational opportunities and black enterprise through Amer-I-Can. Many of the biggest names in the NBA and the ever-expanding world of Hip Hop are also planning to participate. H3 will be issuing a statement shortly that will include the details surrounding the press conference.
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Contact:

For Halls of HipHop, Inc.:
Tom Lisker, 914-376-6767


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Source: Halls of HipHop, Inc.




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