The Markets
H3 Enterprises, Inc. crosses three multi-billion dollar markets, the restaurant industry estimated to bring in $558 billion in 2008, the Hip-hop culture estimated to be spending $12.6 billion a year on hip-hop media & merchandize, and the gaming industry, which by 2004 had hit $7 billion in sales.
The Restaurant Industry
According to the National Restaurant Association’s 2008 Restaurant Industry Forecast, the expected national sales of $558 billion from the restaurant industry is a driving force in national and state economics. The restaurant industry will enter its 17th consecutive year of real growth in 2008.
The Hip-hop Culture and Merchandizing
Simmons Lathan Media Group (SLMG) estimates that 45.3 million consumers are now spending $12.6 billion a year on Hip Hop media and merchandise worldwide, and that approximately 80% of Hip Hop spending comes from White Americans 13-35, with an average annual growth rate exceeding 70% over the last 5 years.
The Online Video Gaming Industry
A comprehensive study issued in 2005 by the Entertainment Software Association reported the following statistics: In 2003, game sales hit $7 billion, in the same exclusive ballpark as movies (about $9 billion). By 2004, games sales had climbed to 7.3 billion. Unit sales to play those games hit $239.2 million in 2003 and $248 million in 2004.
The study also found the following: Gamers devote more than triple the amount of time spent playing games each week to exercising or playing sports, volunteering in the community, religious activities, creative endeavors, cultural activities, and reading. In total, gamers spend 23.4 hours per week on these activities, compared to 6.8 hours per week playing games.
Also reported was that 56% of online game players are males under 35, and 44% of game players are females under 35. The second highest ranking of the types of onlines games played was for Action, Sports, Strategy and Role Playing.
The Company Statistics
H3 Enterprises, Inc. (otc: HTRE)
433 Plaza Real, Boca Raton, FL 33432
The Company
As the first publicly traded Hip-Hop company, H3 Enterprises, Inc. is dedicated to the mission of empowering young people through investment, education and economic development.
The H3 Management Commitment:
H3 Enterprises, Inc. is the parent company of the HipHopSodaShop™ franchise. Their award-winning franchise has the opportunity to become the new home of the Hip-Hop Generation – the most sought after demographic in the world today.
The company has developed and integrated into their franchise three of the largest, fastest growing, and most profitable segments in the Entertainment Industry worldwide: Hip Hop Culture and Music, Online Video Gaming, and High Definition Flat Screen TV.
The Highlights
H3 Enterprises was founded by Brian “H3” Peters and Jamar “J. Niice” McNeil. McNeil presented the concept to “Ideas Happen Live” contest in Wasington, DC where it took first prize. Twenty-five year old Brian Peters took the company public through a reverse merger on the Pinksheets in May, 2005. Today, both co-founders are members of the Board.