Hybrid Technologies, Inc.
OTC Bulletin Board : HYBT

Hybrid Technologies, Inc.

March 21, 2006 02:19 ET

Hybrid Technologies Inc. 'OTCBB:HYBT' to Open Larger Production Facility as Production of NASA and Paratransit Orders/Agreements Begins, Japan's Largest News Source Features Hybrid


Confirmation Of Stock Dividend Payment On April 3rd, 2006 To Shareholders Of Record As At March 31st, 2006.

Hybrid Technologies, Inc. (OTCBB:HYBT) www.hybridtechnologies.com has approved a board statement to announce the following:

Hybrid Technologies has purchased a 40,000 sq. foot automotive manufacturing facility in Mooresville, North Carolina. The move is due to a spike in production requirements as a result of signed purchase contracts and agreements with California not for profit Paratransit (www.paratransit.org) and Space Act Agreement with NASA.

On March 14th , 2006 Hybrid announced an additional payment of 5% stock dividend to be made to shareholders of record as at March 31st. Hybrid is pleased to confirm that this payment will be made April 3rd, 2006. Since February 28th, 2005 Hybrid has paid a total of 35% stock dividend to date and will be paying an additional 25% to shareholders of record from March 31st, 2006 to February 28th, 2007. As at March 31st, 2006, May 31st, 2006, August 31st, 2006, November 30th, 2006 and February 28th, 2007, every shareholder of record will receive a 5% stock dividend.

In media news, Hybrid was the focus of an extensive news piece for Tokyo TV for Japan's largest news program. The coverage features Hybrid's new facility and the Hybrid product line. Click here for pictures of Japanese media crew filming news footage at the Mooresville, NC facility:


Full airing will be in Japan on April 6th, 2006; Hybrid will provide a link for the North American and European audience.

About Hybrid Technologies: www.hybridtechnologies.com

Forward-Looking Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Contact Information