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HYBE Hybrid Energy Holdings Inc (CE)

0.000001
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hybrid Energy Holdings Inc (CE) USOTC:HYBE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Hybrid Energy Well Positioned to Benefit From Obama's Clean Energy Push

04/06/2010 7:20pm

Marketwired


Hybrid Energy (CE) (USOTC:HYBE)
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Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) is well positioned to benefit, both in revenue projections and asset valuation, from President Obama's call to hasten the American economy's transition to clean energy.

The US President, Barack Obama, has tapped into public outrage over the Gulf of Mexico oil spill to push the case for imposing ''a price on carbon pollution'' in a bid to hasten the American economy's transition to clean energy.

Mr. Obama mapped out as a solution more energy-efficient homes, businesses and vehicles, greater reliance on natural gas and nuclear power and eliminating tax breaks for dirty energy sources.

''The time has come to aggressively accelerate that transition,'' he said in Pittsburgh. ''The time has come, once and for all, for this nation to fully embrace a clean-energy future.

''But the only way the transition to clean energy will ultimately succeed is if the private sector is fully invested in this future, if capital comes off the sidelines and the ingenuity of our entrepreneurs is unleashed."

The Company recently announced the official launch of the Solar Energy Acquisition and Development Project as the first major project under its recently announced New Energy Initiative. 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 oil & gas 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 Company is currently completing its due diligence regarding a select group of nascent Solar technologies and operations, and will be issuing formal updates as the review process progresses.

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

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

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