Hybrid Energy to Release Year-End Financials: 1800% Increase in Assets, Revenue Up 864% From Prior Year: Foundation Set for Lice
16 June 2010 - 10:26AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today its
scheduled release of it year end financials reflecting increased
profits, operations, revenues, and including the company's Feb 18
2010 acquisition of 9 energy proprieties. This transaction
increased the Company's Assets by 1800% including approximately
$5,000,000 in cash. Full financials will be filed no later than 30
JUNE 2010, or earlier.
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.
The equity-based transaction was completed today and calls for
the issuance of preferred stock at a strike value of approximately
$6.9 million and delivers immediate profitability with actively
productive, reliable properties and an estimated $175,000,000 in
down-hole proven reserves value.
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 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.
Based on the strength of its asset base and growing revenue
stream, the Company has recently launched Phase II of its growth
strategy. The New Energy Initiative 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 has already announced agreements to acquire
proprietary technologies in the Small Wind, Carbon Capture &
Sequestration and "Oil to Gas" technologies; all of which will
significantly add to the Company's asset base and provide revenue
producing Intellectual Property assets through licensing, joint
development and distribution globally.
The Company's long-range goals embrace complete conversion to
sustainable and alternative energy sources as its primary portfolio
focus. The company's current portfolio exceeds $200,000,000 in
known reserves with active and profitable energy production across
several properties. The Company will release projections and
estimates of portfolio valuation and revenues as current
acquisitions mature.
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. The company now turns its growth
strategy to adding 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
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