H3Enterprises Retires 50+ Million Shares of Common Stock
Friday September 22, 1:21 pm ET
LAS VEGAS, Sept. 22 /PRNewswire-FirstCall/ -- H3Enterprises, Inc. (OTC: HTRE - News) has announced through its team of attorneys, headed by Michael Labertew & Associates, that it has identified at least 50 million shares of common stock that it will be retiring and returning to treasury. The firm's ultimate goal is to retire approximately 70 million to 80 million shares, representing over 40 percent of its currently issued and outstanding shares.
"We continue to make strides to identify shares that were issued in error by the company's prior transfer agent and/or prior management, as well as shares for which full consideration was not delivered to the company as promised," Michael Labertew, legal counsel to H3Enterprises, stated. "In those situations, we are using all legal means necessary to have these shares returned to the company for cancellation, thereby increasing the value of the remaining shares owned by our shareholders."
H3Enterprises is a publicly traded company that markets the positive aspects of hip hop culture through a variety of business models. Based in Las Vegas, Nevada, H3Enterprises is committed to providing economic and educational opportunities for young people, feeding the worldwide demand for everything hip hop and maximizing returns for its shareholders. H3Enterprises is the owner, creator, licensor, and franchiser of HipHopSodaShops, HipHopHeaven, Halls of HipHop, H3Raps, H3WhiteTea, H3Players.com, H3Merchandising, and H3Players' WorldSeries of CyberSports.
