Hybrid Energy Begins Phase II of Growth Strategy: Funding, Acquisition and Development of 'New Energy' Technologies
May 26 2010 - 8:30AM
Marketwired
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: +1 (775) 636-7602 Fax: +1 (775)
996-7330 info@hybridenergyholdings.com Hybrid Energy Holdings
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