Hybrid Energy Begins Phase II of Growth Strategy: Funding, Acquisition and Development of 'New Energy' Technologies

   Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today it has officially begun Phase II of its growth and acquisition strategy. The Company will begin 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 base of clean energy producing properties. The company will continue its acquisitions in this sector and now expand the scope of its acquisitions.

The New Energy Initiative 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's recently announced development and integration of proprietary 'flare gas' conversion technology is the first of such technology programs. The Company's target sectors include: nascent wind, solar, small hydro, biofuels, geothermal, new smart energy technologies, advanced carbon capture & storage advances.

The company is completing the acquisition of several new assets and technologies. The Company encourages further technology submittals through the Merger & Acquisition portal at www.HybridEnergyHoldings.com.

The New Energy Initiative, 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 continues to grow its Gas & Oil production holdings and most recently announced its planned acquisition of new, proven, untapped reserves of Natural Gas. The estimated value of this acquisition is approximately $30,000,000. Full details and disclosures will be made upon completion of the transaction.

The Company recently announced its production levels had increased 864% year over year; and expects further increases in production levels and increases in revenue and shareholder value.

The Company's portfolio consists of multiple energy production properties consistently delivering profitably and strong recurring cash-flows. The company's current holdings include 35 Billion Cubic Feet of reserves and produces from an estimated $30,000,000 in active reserves and an additional estimated $145,000,000 in available reserves.

The company has acquisitions currently under consideration and when completed are expected to bring the company's portfolio value above $200,000,000 in proven energy reserves.

About Hybrid Energy Holdings

Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH's acquisitions are focused primarily on traditional and proven fuel production and 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.

Contact: Investor Relations Tel: [phone] Fax: [phone] [e-mail] Hybrid Energy Holdings