Montreal's Michel de Montigny named Chief Executive Officer of H3Enterprises Inc.
August 11 2005 - 10:47AM
Business Wire
Award winning television and music industry producer and renowned
Canadian entrepreneur J. Michel de Montigny has signed a long term
contract to become H3Enterprises (Pink Sheets:HTRE) new CEO. De
Montigny brings a wealth of financial and multi-media expertise to
the H3 team and has thrived working in the public markets,
particularly with Canadian and US Bulletin Board and Pink Sheets
companies. He was the founder, CEO, and Chairman of GSI
Technologies (OTCBB:GSITB), the winner of the 2001 "Business of the
Year" award for Canada. Michel's first official act as H3's CEO
took place this morning when he finalized and signed funding
program commitments aggregating $1 Million. The funds will be used
to commence building-out and opening H3's HipHopSodaShops flagship
locations in Harlem and the Bronx, as well as enhancing the
Company's franchising, marketing and promotional efforts. H3's 25
year old founder and award winning President, Brian "H3" Peters,
had this to say about the new CEO: "Hiring Michel is an historic
move for HTRE and our shareholders. His proven ability to conquer
the financial markets along with his phenomenal musical talents and
connections make him a perfect fit for the long and short term
success of H3. He's blessed with an innate ability to communicate,
as well as God-given leadership skills. Michel is truly a pleasure
to work with on a daily basis and has quickly become a highly
revered figure within our Company." H3 Chairman and Hall of Fame
advertising icon George Lois (now being featured in HBO's
documentary "Mantle") echoed H3's sentiments: "You cannot help but
be impressed when you meet Michel and quickly understand why he's a
man who's always been successful at whatever he has chosen to
pursue. He's someone who was born to lead and just knows how to
rally the troops in a natural, soft spoken way. I don't get excited
easily at my age, but adding Michel as our CEO is something that
makes me downright giddy and brimming with confidence for the
future of this wonderful enterprise that Brian created." "I've
never been involved in a venture with as much upside as H3," said
the newly signed CEO. "H3 and George have created the next great
thing in franchising, the HipHopSodaShops, by combining the fastest
growing forms of entertainment in the world, Hip Hop and Cyber
Gaming, into the most profitable franchise package I've ever seen.
They have structured a business with the potential for generating a
tremendous number of core revenue streams that are fully
integrated, that we expect will create interesting profit margins
for our Company and our franchisees. Giving the 13-35 year old
target market a place they can call their own is one of the most
innovative marketing ideas to ever come along, but I guess that's
just business as usual for George Lois. "It's my mission to ensure
that H3's breakthrough concept and community conscious business
model gets executed expeditiously and cost effectively," continued
de Montigny. "Capitalizing on the bond between the stars of Hip Hop
with the stars of the NBA to facilitate the growth of the Soda
Shops within urban areas all across America is positively
brilliant, creating a wealth of new jobs as well as a whole host of
new business and educational opportunities throughout the
communities. I don't know of any better individuals to join forces
with than these two creative geniuses. The fact that our efforts
will also serve to benefit those that need our assistance the most
makes this more rewarding than any work I've done to date."
H3Enterprises is the first publicly traded company devoted to the
Hip Hop lifestyle and culture. H3 is the owner, creator, licensor,
and franchiser of HipHopSodaShops, H3Raps, H3WhiteTeaBeverages,
H3Merchandising, H3CyberSports, H3'sWorldSeries of Cyber Sports,
H30 (hthreeonline.com), Team H3 and Halls of Hip Hop. This press
release may contain forward-looking information within the meaning
of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities and Exchange Act of 1934 and is subject to the safe
harbor created by these sections. 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.
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