SOURCE: Hybrid Energy Holdings, Inc.

February 16, 2010 09:30 ET

Hybrid Energy Holdings Anticipates Demand Surge as Honda and Ford Produce Natural Gas Cars and Yellow Cab Converts to Natural Gas

RENO, NV--(Marketwire - February 16, 2010) - Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) expects there to be a demand surge based on recent Industry announcements of growing acceptance and use of Natural Gas in the car and transportation industry.

Honda's U.S. built 2010 Civic GX uses only Natural gas, and at the Auto Show currently underway in Chicago, Ford introduced 2011 Ford Transit Connect Taxi Natural Gas. Taxi fleets have long used natural gas as fuel.

Earlier this month Yellow Group, a major taxicab company, said it has started a conversion to Compressed Natural Gas power for all its fleet. Yellow Group plans an initial deployment of 100 new CNG taxis under its Yellow Cab subsidiary, America's oldest and largest continuously operating taxi fleet.

Natural gas burns cleaner than other fossil fuels. It has fewer emissions of sulfur, carbon, and nitrogen when it is burned; it leaves almost no ash particles. Being a cleaner fuel and available domestically, without the need for importing foreign oil, are considered the main reasons that the use of Natural Gas has grown so much. To meet these demands, Hybrid Energy recently announced its latest acquisition of 9 properties that 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 Company will provide timely updates as to the progress of this and other Natural Gas acquisition initiatives.

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 it 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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