SOURCE: Hybrid Energy Holdings, Inc.

June 15, 2010 20:27 ET

Hybrid Energy to Release Year-End Financials: 1800% Increase in Assets, Revenue Up 864% From Prior Year: Foundation Set for Licensing of Phase II New Energy Acquisitions

RENO, NV--(Marketwire - June 15, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today its scheduled release of it year end financials reflecting increased profits, operations, revenues, and including the company's Feb 18 2010 acquisition of 9 energy proprieties. This transaction increased the Company's Assets by 1800% including approximately $5,000,000 in cash. Full financials will be filed no later than 30 JUNE 2010, or earlier.

These acquisitions were part of the Company's foundation building Phase I of the Company's strategic plan that called for traditional and proven fuel production acquisitions to build the Company's revenue and asset base.

The equity-based transaction was completed today and 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 Company recently announced its production levels had increased 864% year-over-year; and this is reflected in the Revenue and Profit results. Revenues from the Company's Gas & Oil production holdings are expected to continue to grow as the Company brings additional production on line, implements further production increase and efficiency measures and acquires further production properties. 

Based on the strength of its asset base and growing revenue stream, the Company has recently launched Phase II of its growth strategy. The New Energy Initiative for the aggressive investment in, acquisition of and development of nascent 'New Energy' technologies Intellectual Property assets and operations in the Clean Energy, Energy Smart Technologies and Carbon Capture & Storage sectors of the Energy Sector.

The Company has already announced agreements to acquire proprietary technologies in the Small Wind, Carbon Capture & Sequestration and "Oil to Gas" technologies; all of which will significantly add to the Company's asset base and provide revenue producing Intellectual Property assets through licensing, joint development and distribution globally. 

The Company's long-range goals embrace complete conversion to sustainable and alternative energy sources as its primary portfolio focus. The company's current portfolio exceeds $200,000,000 in known reserves with active and profitable energy production across several properties. The Company will release projections and estimates of portfolio valuation and revenues as current acquisitions mature.

About Hybrid Energy Holdings

Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. The Company acquires sector-specific technology and assets as part of its Phase II Clean Energy Initiative. HEH's prior foundation building acquisitions focused primarily on traditional and proven fuel production. The company now turns its growth strategy to adding the latest in energy conservation and power co-generation technologies. HEH may acquire nascent energy technology or rights as portfolio enhancing assets. 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 profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation.

The company maintains its web site at: www.HybridEnergyHoldings.com

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 filings contain various RISK FACTORS (and are incorporated on the Company's website "Investors" section by reference) and should be read before any investment decision.

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