SOURCE: Hybrid Technologies, Inc.

October 31, 2005 07:30 ET

Hybrid Technologies Inc. Announces the Balance of 10% Stock Dividend to Be Paid to November and December 2005 Shareholders of Record

LAS VEGAS, NV -- (MARKET WIRE) -- October 31, 2005 -- Hybrid Technologies, Inc. (OTC BB: HYBT) is pleased to announce that further to the previous announcement of the stock dividend plan, it confirms that the scheduled 5% payment will be paid to all shareholders of record as of November 30th, 2005, on December 5th, 2005

Upon payment of the stock dividend on December 5th, 2005, Hybrid Technologies will have paid 25% stock dividend to date in 2005.

The board is also proposing to move up the payment of the final 5% 2005 stock dividend plan from February 28, 2006, to December 31, 2005. Upon payment of the Final Balance of 5% stock dividend in December 2005, Hybrid Technologies will have paid a total of 30% stock dividend during 2005.

About Hybrid Technologies

Hybrid Technologies Inc. (OTC BB: HYBT) is an emerging leader in the development and marketing of Lithium-powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan, will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero-emission energy is current. As current legislation moves towards clean energy, we foresee this industry as one of the fastest-growing segments within the global economy. Hybrid Technologies' applications encompass a variety of products used globally on a daily basis, while enabling consumers to enjoy the comfort and power to which they are accustomed. Everything from scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military applications and many other essential products have been successfully converted to Lithium power. The combination of our superior technology and mass-marketed products creates a unique market opportunity for our Company.

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.

Contact Information

  • For additional information, please contact:
    Hybrid Technologies Inc.
    Telephone (888) 669-1808
    Fax: (604) 688-1817