SOURCE: Hybrid Energy Holding, Inc.

February 03, 2010 08:30 ET

Hybrid Energy Holdings Announces Significant Expansion of Current Acquisition Portfolio Adding $175,000,000 in Proven Reserves Across 9 Properties

RENO, NV--(Marketwire - February 3, 2010) - Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today significant additions to its current acquisition portfolio.

The operations under acquisition span 9 properties and consistently deliver profitably with strong recurring current and historical cash-flows. This important expansion of the company's portfolio results in 35,000,000 BCF of known reserves and delivers an estimated $30,000,000 of shareholder value in active reserves and an additional estimated $145,000,000 in yet untapped reserves of current properties.

The equity-based transaction calls for the issuance of preferred stock at a strike value of approximately $6.9 million and delivers immediate profitability with actively productive, reliable properties and an estimated $175,000,000 in down-hole proven reserves value.

The parties agreed to a new closing date for the expanded acquisitions to be the 15th of February 2010. Full financial disclosure will be timely filed with the OTC Disclosure service immediately subsequent to Closing.

The company will not perform a reverse-split or change its capitalization structure as part of this transaction.

About Hybrid Energy Holdings

Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH may acquire promising nascent energy technology or technology rights as portfolio enhancing assets. HEH's acquisitions are focused primarily on traditional and proven fuel production and the latest in energy conservation and power co-generation technologies. HEH's fuel production acquisitions provide expertise in the recovery of oil and gas reserves in both mature and marginal fields. The company's operational teams deliver production improvements and developmental and low risk exploration as part of its acquisition strategy for its fuel producing subsidiaries. HEH's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.

HEH believes its combination of acquisition profitability and mitigated-risk funding structures provides ongoing portfolio viability and long-term shareholder equity appreciation.

The company maintains its web site at:

Safe-Harbor Statement

This release contains statements or projections regarding future performance that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's disclosures contain various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.

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