SOURCE: Hybrid Energy Holding, Inc.

February 23, 2010 09:30 ET

Hybrid Energy Holdings Cites Congressional Report: Natural Gas Cuts Coal Greenhouse Gases

RENO, NV--(Marketwire - February 23, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) cites the January 19, 2010 Congressional Research Service report, "Displacing Coal with Generation from Existing Natural Gas-Fired Power Plants," (as reported February 9, 2010 in USA Today) as further validation of its Natural Gas acquisition strategy and as growing evidence from all sectors of an increasing demand surge for Natural Gas. CRS reports carry weight with law-makers and are therefore anticipated to create a demand surge.

The report calls for Natural Gas power plants to vastly increase their production in order to "generate additional power equivalent to 32% of all coal-fired generation"; thereby cutting emissions of the greenhouse gas carbon dioxide about 19%, which would help cut U.S. contributions to climate change.

This added demand for natural gas for power generation, coupled with increased demand in the truck, passenger vehicle and taxi industries, has energy analysts calling for the ramp up of Natural Gas supply in an 'orderly way'.

To meet these demands, Hybrid Energy recently announced its latest acquisition of 9 properties that consistently deliver profitably with strong recurring current and historical cash-flows. This important expansion of the company's portfolio results in 35,000,000 BCF of known reserves and delivers an estimated $30,000,000 of shareholder value in active reserves and an additional estimated $145,000,000 in yet untapped reserves of current properties.

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 it 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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