Hybrid Energy Well Positioned to Benefit From Obama's Clean Energy Push
June 04 2010 - 2:20PM
Marketwired
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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