SmallCapNewsRelease:(OTC: HYBE) Acquires 35 Billion Cubic Feet Of Proven Reserves
JERICHO, NY--(SmallCapNewsRelease)--February 19th, 2010 Hybrid Energy Holdings, Inc (OTC: HYBE) announced today that they have closed their acquisition of nine (9) current cash-flow producing energy properties in and around McAllen Texas.
Hybrid Energy entered into an equity based transaction of preferred stock for approximately $6.9 million in immediate profitability. The proven reserves on the properties are estimated at $175,000,000.
No reverse split or modification to capitalization structure will be done as a result of this acquisition.
To view the entire press release, please visit http://finance.yahoo.com/news/Hybrid-Energy-Holdings-iw-783465370.html?x=0
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