Hybrid Energy's Core Gas Holdings Value Continue to Strengthen: US Mayors Urge Congress to Pass NATGAS Act

   Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) anticipates a significant increase in its Natural Gas production revenue and natural gas reserves' market value as US Mayors called on Congress and the White House to pass the "New Alternative to Give Americans Solutions" (NATGAS) Act -- a bill which establishes massive tax credits and federal incentives for natural gas vehicles.

The Mayors from various cities and towns across the United States, gathered at the 78th annual U.S. Conference of Mayors meeting in Oklahoma City this past week, also called for tax relief for vehicle purchasers and manufacturers, the group is also urging the Feds to renew another bill which would continue a $0.50/gallon tax credit for compressed or liquid natural gas fuel as well as calling for expanded federal research into natural gas engines.

American Clean Skies Foundation CEO Gregory Staple says, "This resolution proves that mayors are keenly aware of the role natural gas can play in decarbonizing their cities and spurring the local economy. The low-cost opportunities to run municipal fleets on natural gas would result in budget savings and cleaner air, especially compared to diesel."

The Company recently announced its production levels had increased 864% year-over-year; and this is reflected in the Revenue and Profit results. Revenues from the Company's Gas & Oil production holdings, up 864% year over year, are expected to continue to grow as the Company brings additional production on line, implements further production increase and efficiency measures and acquires further production properties.

These acquisitions were part of the Company's foundation building Phase I of the Company's strategic plan that called for traditional and proven fuel production acquisitions to build the Company's revenue and asset base. Based on the strength of its asset base and growing revenue stream, the Company recently launched Phase II of its growth strategy and began its transition to alternative and renewable energy and technology revenue models.

The company's New Energy Initiative calls for the aggressive investment in, and acquisition 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 has successfully established a strong and growing asset base of clean energy producing assets with strong recurring profits and cash-flows. The company has recently announced important clean and renewable energy assets as part of its transition to a sustainable and renewable energy revenue model. 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 has transitioned its growth strategy to adding the latest in energy conservation, reclamation, 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]