Hybrid Energy Acquires $18,000,000 Solar Technology Assets, Increases in Revenue Expectations and 360% Asset Value Increase

  Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today a further 360% increase in the value of its Assets with the signing a Technology Transfer Agreement and Joint Development Agreement with KS IP Holdings, LLC, a private company specializing in clean energy technologies, to acquire and develop a select group of technology Assets from KS-IPH's portfolio.

The Company recently announced its scheduled release of its year-end financials reflecting an 1800% book value increase in Assets, including approximately $5,000,000 in cash.

The transaction is valued at $18,000,000, purchased through an equity-building issuance of Preferred Stock and will create no debt for the Company. This transaction is the first in a series of anticipated acquisitions planned as a result of the Joint Development acquisition under its recently announced Solar Energy Acquisition and Development Project; the first official project of the Company's portfolio diversification strategy.

In addition to the Technology Transfer portion of the Agreement, the income producing Joint Development portion of the Agreement affords KS-IPH an option to acquire Development and Distribution Rights to certain technologies. The Company will provide further updates as to the specific terms of this income-generating Product Development and Distribution Agreement.

The Solar Energy Acquisition and Development Project is the first major acquisition and development project under the Company's New Energy Initiative, which calls for the aggressive investment in, acquisition of 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 recently announced Phase II of its growth and acquisition strategy; the diversification and expansion of its current asset holdings with the launch of the 'New Energy Initiative.' The Company has successfully established a strong and growing asset based of clean energy producing assets with strong recurring profits and cash-flows. The company will continue its acquisitions in this sector and expand the scope of its acquisitions.

"The Solar Energy industry will return to high growth in 2010 and also over the next 5 years. Even in the slowest growth scenario, the global market will be 2.5 times its current size by 2014. Under the Production Led scenario, the fastest growing forecast, annual industry revenues approach $100 billion by 2014," according to NPD Group which publishes The Leading Annual World Solar PV Industry Report.

The Solar Energy Acquisition and Development Project, together with the addition of technologies to increase the Company's production efficiencies and profitability, will increase the Company's revenue and 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 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. The company now turns its growth strategy to adding the latest in energy conservation 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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