Hybrid Technologies, Inc.
OTC Bulletin Board : HYBT

Hybrid Technologies, Inc.

December 21, 2007 14:57 ET

Hybrid Technologies, Inc. Announces Action Taken at Annual Stockholders Meeting

LAS VEGAS, NEVADA--(Marketwire - Dec. 21, 2007) - Hybrid Technologies, Inc. (OTCBB:HYBT) (www.hybridtechnologies.com), emerging leaders in the development and marketing of lithium-powered products worldwide, at the annual meeting of stockholders held on Friday, December 21, 2007, the stockholders of Hybrid Technologies, Inc. approved the following matters which have been previously approved by Hybrid's Board of Directors:

1. Election of Directors and Authorized Share Increase - Stockholders have elected our current four directors for additional one-year terms and approved an increase in the number of shares of our authorized common stock from 50,000,000 to 250,000,000. A motion approved by a majority of stockholders also recommended to the Board to implement a one-for-seven reverse split of our common stock.

2. Reverse Split - Our Board of Directors, at the annual meeting of the Board, acting on the recommendation of a majority of our stockholders, has approved a 1:7 reverse split, to be effective early in 2008 when processed by the NASD. The reverse split approved by the Board will also reduce our newly authorized number of shares of common stock from 250,000,000 to 35,714,285.

About Hybrid Technologies


Forward-Looking Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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