SOURCE: Hybrid Energy Holdings, Inc.

July 12, 2010 09:38 ET

Hybrid Energy Holdings Announces Oil Well Production Recovery and Rehabilitation Portfolio Initiative

RENO, NV--(Marketwire - July 12, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today the official launch of its acquisition initiative to acquire technology and operational protocols to successfully re-activate, recover, or rehabilitate otherwise dormant or depleted oil wells.

The initiative's focus will be on the extraction and profitable recovery of 'heavy oil' reserves from existing wells not in active production.

Shareholders can expect timely updates as the company adds these operations and technologies to its portfolio.

The Company's foundation-building Phase I strategic plan called for traditional and proven fuel production acquisitions to establish revenues and assets. Building on its success, the Company launched Phase II of its growth strategy and began its transition to alternative and renewable energy and technology revenue models.

The company's New Energy Initiative calls for the aggressive investment in, and acquisition 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 successfully established a strong and growing asset based of clean energy producing assets with strong recurring profits and cash-flows. The company recently announced important clean and renewable energy assets as part of its transition to a sustainable and renewable energy revenue model. The company is assessing the acquisition of several new assets, operations and technologies and encourages further technology submittals and developmental joint ventures through the Merger & Acquisition portal at www.HybridEnergyHoldings.com

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 has transitioned its growth strategy to adding the latest in energy conservation, reclamation, 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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