HYBE Hybrid Energy Holdings Inc (CE)

Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) asset valuation continues to increase as Bloomberg Reports that natural gas prices hit a three week high as the rebound in the US economy spurs increase demand.

Gas advanced as Dow Chemical Co., the largest U.S. chemical maker, reported first-quarter profit that topped analyst estimates and said its plants ran at 83 percent of capacity, a 7 percentage-point increase from the previous quarter. Industrial gas purchases account for about 29 percent of consumption.

"The economy is rebounding in the U.S. and that's positive for gas because it's a domestic commodity," said Chris Jarvis, president of Caprock Risk Management LLC in Hampton Falls, New Hampshire.

Gas futures are up 29 percent from a year ago. "Gas futures will probably average $4.72 per million Btu in 2010 and rise to $5.75 next year on improving demand," Jason Schenker, president of Prestige Economics LLC, an Austin, Texas-based energy consultant, said in a telephone interview. A report yesterday that showed U.S. consumers became more optimistic this month has also helped lift gas prices, Schenker said.

Other U.S. manufacturers are also increasing output as the economy recovers from the worst recession since the 1930s. Gas purchases by factories, chemical plants and steel mills slid 7.7 percent in 2009, according to Energy Department data. General Motors Co. said this week it plans to upgrade five North American engine factories, adding or preserving 1,600 jobs. Caterpillar Inc., the world's largest maker of construction equipment, said on April 25 that the company is seeing increased orders from mining and energy customer.

"All of the data point to improving demand from the industrial side," said Jason Schenker, "We've had positive U.S. economic data and that has been reinforced by positive corporate profits."

The Company is actively involved in various stages of acquiring numerous energy production properties and increasing production on its current holdings. Additionally, the Company is analyzing various technologies to improve the production efficiencies of its gas and oil production, while at the same time reduce its carbon footprint.

Most recently the Company announced its intended acquisition of proven, untapped reserves of Natural Gas divided between two wells. The estimated value of this acquisition is approximately $30,000,000.

The Company recently announced that 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 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 disclosures contain various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.

Contact: Hybrid Energy Holdings, Inc. Investor Relations Tel: +1 (775) 636-7602 +1 (775) 636-7602 Fax: +1 (775) 996-7330 info@hybridenergyholdings.com