H3 Enterprises Inc (HTRE)

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H3Enterprises Retires 40 Million Shares
Company Continues Share Reduction Efforts

SAINT PETERSBURG, Fla., Jan. 19, 2007 (PRIME NEWSWIRE) (PRIMEZONE) -- H3Enterprises (Pink Sheets:HTRE) has announced that 40 million of the Company's outstanding shares have been retired and returned to treasury. Management is continuing its efforts to identify shares that were overstated or issued in error by the Company's previous Transfer Agent, Corporate Stock Transfer, and will also commence a stock buy back program both privately and on the open market after the opening of its first HipHopSodaShop later next month.