SOURCE: Hybrid Energy Holdings, Inc.

April 22, 2010 08:30 ET

Hybrid Energy to Add $30 Million of Natural Gas Reserves to Its Expanding Portfolio

RENO, NV--(Marketwire - April 22, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today it intends to acquire two active energy properties with in-place reserves of 6 Billion Cubic Feet (BCF) of Natural Gas and 60,000 barrels of oil currently valued at $30,000,000. When completed, this important expansion of the company's portfolio will increase its reserves by 6 BCF of Natural gas and 60,000 barrels of oil. The operations under acquisition consistently deliver profitability from two wells.

The Company recently announced its energy production increased 864% year over year. As a result the company initiated a portfolio-wide property analysis and production assessment. The Company will release projections on its increasing production as world demand for Natural Gas continues to grow, both in the transportation and power generation sectors.

The Company expects to further raise production levels on existing properties and thereby increase revenue and shareholder value. The Company's current holdings consist of 9 properties with rising production levels consistently delivering profitably and strong recurring cash-flows. The company's portfolio contains 35 Billion Cubic Feet of reserves and produces from an estimated $30,000,000 in active reserves and an additional estimated $145,000,000 in available reserves.

About Hybrid Energy Holdings

Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH's acquisitions are focused primarily on traditional and proven fuel production and 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:

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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