SOURCE: Hybrid Energy Holdings, Inc.

January 28, 2010 08:30 ET

Chilly Forecasts Lift Natural Gas -- WSJ Report Further Validates Hybrid Energy Holdings Natural Gas Acquisition Strategy

RENO, NV--(Marketwire - January 28, 2010) - Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) cites a January 23, 2010 WSJ report as further validation of its Natural Gas acquisition strategy. The article reports that recent cold spells in the eastern US have "erased a glut of gas... the shrinking supplies are bolstering prices." And weather forecasts for February and March point to continued natural gas demand for both consumers and industry as inventories dwindle.

The Company recently agreed to acquire various natural gas properties with strong current profitable production and significant untapped reserves. The equity-based transaction is valued at approximately $4 million. The Company anticipates a significant return on its acquisition investment.

The Company further notes the recent Exxon transaction where Exxon purchased XTO for $31 billion in a move to diversify from oil to Natural Gas. The low price of natural gas and impending rise in the demand of clean energy sources played a role in the largest acquisition since the purchase of Mobil in 1998.

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 its 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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