Rick Ross Charities Inc. Partners with NFL San Francisco 49er Pro-Bowler, Running Back, Frank Gore and 21st Century Hustle Magazine to Launch Pre-IPO

Muhammad Ross

Venture Philanthropy Paves the Way for Community Development

October 29, 2007 (Miami, FL) For the upcoming Thanksgiving holiday, Rick Ross Charities Inc., will distribute dozens of turkeys to families in the Miami community who are in need. This will take place Saturday, November 17, 2007 in Miami Gardens, Florida at the new franchise Hip Hop Grub Spot.™

Rick Ross Charities Inc. takes on urban community development through venture capital and is aiming to set an example for others to follow suit. By giving back to his community with concrete objectives, he is setting a standard. With the success of the 1st Annual Rick Ross Be Out Day this past August, it was confirmation that the organization is blazing that path to initiate change in the community.

"We believe the best way to stop the violence, crime, and broken homes in the community are through creating jobs, university economic partnerships with urban youth entrepreneurs, and sound business opportunities for investors through Hip Hop," says Rick Ross, Platinum selling rapper from Miami [Slip N' Slide/Def Jam Recordings].

Denise Fonseca Gomes, CEO of HBCUEntrepreneurs.com Inc. and the co-creator of "Hip Hop Grub Spot" states, "Venture capital is missing in Hip Hop right now. What you find in Hip Hop is a strategy to create artists [rappers] as brands, then approach major corporations to use these brands to market products and services for product placement opportunities. We are offering venture philanthropy as an alternative to this industry practice as a more profitable long-term solution." Gomes goes on to say, "The Hip Hop industry will allow you to believe that Hip Hop consumers just buy music to dance to. [Hustlin'] showed it was bigger than music. Many in the global Hip Hop community supported Rick Ross because they wanted to see how spending $20 on an album or $.99 for a ringtone or download changes urban society-- they can see that with Hip Hop Grub Spot™ and Rick Ross Charities Inc."

Hip Hop Grub Spot™ is a Hip Hop themed, healthy fast-food establishment which incorporates, young executive/entrepreneur training, in-store video gaming with support by Hip Hop artists and professional athletes. It will also retail magazines, dvds, mix-tapes and apparel; while serving fast, fresh, healthy grilled meats, vegetables, smoothies, and energy drinks created for the franchise by PepsiCo and Sysco Foods. The menu items also incorporate the names and likeness of some of today's hottest hip hop acts. The flagship location will be located in Miami Gardens, Florida and is open to sell 100 locations in three months.

NFL Running Back, San Francisco 49er and Pro-Bowler Frank Gore states, "I bought Rick Ross' album in 2006 because I identified with "Everyday I'm Hustlin" and I wanted to support an urban entrepreneur from Miami that went through the same struggle I did as a young black male from the inner-city. I knew that once Rick Ross made it, he would be in a position to help others. I am also in the process of starting a foundation to make it possible for urban youth entrepreneurs to attain the, "American Dream" of homeownership, college education, and owning your own business."
Ali Muhammad, Founder of 21st Century Hustle and former Vibe Magazine Executive adds, "There has always been a segment of hip hop culture that firmly identifies with the fundamental principles of the American Dream, and is not afraid to live accordingly. Rick Ross belongs to that group that embodies the spirit of capitalism and philanthropy."

Rick Ross Charities, Inc is currently accepting donations to further its cause as well as corporate sponsorship alliances. For more information, on both Rick Ross Charities, Inc and Hip Hop Grub Spot™, please contact Melissa Sessoms at sessomspr@gmail.com or (305) 772-6825.