SOURCE: Hybrid Energy Holding, Inc.

March 10, 2010 09:00 ET

Hybrid Energy Holdings, Inc. Sites Morningstar Strategist: Declares Natural Gas and Alternative Energy as Winners

RENO, NV--(Marketwire - March 10, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) sites recent Morningstar report that both Natural Gas and Alternative Energy are winners as further support for its Natural Gas and Alternative Energy acquisition strategy. 

Paul Larson, an equity strategist for Morningstar, in a recent article, states that long term indicators of demand, diminishing oil production and, on an "energy-equivalent basis," natural gas should be trading well above current rates. "If prices between oil and gas stay at such disparities, it starts to make economic sense to use compressed natural gas as a transportation fuel. This is already quite common in Argentina and Brazil."

Additionally, there "will be no shortage of alternative energy technologies and companies vying for a piece of the energy market pie that is being vacated by liquid petroleum. Wind, solar, biofuels, geothermal, tide capturing, and so on, these are all areas that will become increasingly economical, and especially so if governments around the world continue or increase existing subsidies."

The Company recently announced the closing of its acquisition of 9 energy proprieties in and around McAllen, Texas. The acquired operations consistently deliver profitably with strong recurring current and historical cash-flows. This important expansion of the company's portfolio results in 35 Billion Cubic Feet 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 equity-based transaction calls for the issuance of preferred stock at a strike value of approximately $6.9 million and delivers immediate profitability with actively productive, reliable properties and an estimated $175,000,000 in down-hole proven reserves value.

The Company is continuing its aggressive Natural Gas and Alternative Energy acquisition strategy and will provide timely updates as to the progress of 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: 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 disclosures contain various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.

Contact Information

  • Contact:
    Investor Relations
    Tel: +1 (775) 636-7602 +1 (775) 636-7602
    Fax: +1 (775) 996-7330
    info@hybridenergyholdings.com
    Hybrid Energy Holdings