SOURCE: Hybrid Energy Holdings, Inc.

September 29, 2010 08:30 ET

Hybrid Energy Reports Progress on Operational Restructuring: Shift to Alternative Energy Sources Advances

RENO, NV--(Marketwire - September 29, 2010) -  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today that its new management has made progress in its operational restructuring and resource deployment to Alternative Energy Sources, including PV and Solar Thermal Market and the Heavy Oil Extraction markets.

Earlier this month the Company announced that it planned to profitably divest its energy production assets as part of this transition and negotiations are presently underway with respect to the restructuring and/or selling of the Natural Gas Assets the Company acquired in early 2010.

Based on improved production performance resulting from efficiencies instituted by the Company, it is anticipated that the value of its holdings will provide the needed capital base to provide the necessary resources to advance its Alternative Energy initiatives.

The Company recently announced the signing of a Letter of Intent (LOI) with Visalo Energy, Inc. to acquire their Heavy Oil Extraction Technology, paving the way to enter the expanding $155 billion per year Heavy Oil Industry; and has since reported Visalo's August 10th patent filing for the heavy-oil extraction technology. The proprietary Visalo technology dramatically increases recovery rates to 90% or higher at substantially lower entry costs in the heavy oil production industry. The Company will earn revenues from the extraction and recovery of 'heavy oil' reserves from existing wells not in active production.

Hybrid Energy believes PV and Solar Thermal Market, particularly for residential and commercial use, is a high growth sector promising to become a significant and vital energy option primed for strong sales growth of the company's holdings and technologies. In its recent report 'United States PV Market 2010,' published July 26th, Solarbuzz forecasts the market will grow around ten times the size of the 2009 market, an average annual growth rate of 30% per annum.

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 Heavy Oil Extraction initiative, together with its Solar Energy Acquisition and Development Projects are anticipated to increase the Company's shareholder value.

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

Based on the recent changes, the Company is completing reflective disclosure statements as part of its ongoing disclosure practices to provide updated information to all shareholders.

It is also anticipated that further announcements regarding progress of its New Energy initiatives, management, re-branding, office relocation and marketing presence to more accurately reflect its refocused operations.

The Company maintains its Website 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 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.

Contact Information