HYBE Hybrid Energy Holdings Inc (CE)

Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced the signing of a Letter of Intent with KS IP Holdings, LLC (KS-IPH), a private Intellectual Property Holding company specializing in clean energy technologies, to acquire and develop a select group from KS-IPH's Solar Energy Technologies portfolio. The transaction is valued at $18 million and will be completed as an equity-based transaction with no issuance of debt or use of cash reserves.

The Company is currently completing its due diligence on the individual assets, systems and operations as the first acquisition under its recently announced Solar Energy Acquisition and Development Project; the first official project of the Company's diversification strategy. The Company will be issuing formal updates as the review and integration process progresses and anticipates a formal closing on this Letter of Intent within the next 30 days.

The Solar Energy Acquisition and Development Project is the first major acquisition and development project under the Company's New Energy Initiative, which 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 recently announced 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 base of clean energy producing 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 Solar Energy Acquisition and Development Project, together with the addition of technologies to increase the Company's production efficiencies, will increase the Company's profits and shareholder value.

The Solar Energy Sector is currently entering the 'Perfect Storm,' according to Pike Research, the respected market research and consulting firm that provides in-depth analysis of global clean technology markets. Pike Research forecasts that worldwide solar demand, driven by lower costs and greater availability of credit, will increase to 10.1 gigawatts (GW) in 2010, a year-over-year increase of almost 43%.

"The Solar Energy industry will return to high growth in 2010 and also over the next 5 years. Even in the slowest growth scenario, the global market will be 2.5 times its current size by 2014. Under the Production Led scenario, the fastest growing forecast, annual industry revenues approach $100 billion by 2014," according to NPD Group which publishes The Leading Annual World Solar PV Industry Report.

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

The Company continues to grow its Gas & Oil production holdings and most recently announced its planned acquisition of new proven reserves of Natural Gas. The estimated value of this acquisition is $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. 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 www.HybridEnergyHoldings.com