December 19, 2006: Hybrid Fuels Inc. Signs Joint-Venture Agreement VERNON, BC, Dec. 19 /PRNewswire-FirstCall/ - Hybrid Fuels, Inc. (OTCBB: HRID) today announced that a formal agreement has been signed between its wholly-owned subsidiary Hybrid Fuels (Canada) Inc. and the A4 Bar Cattle Company Ltd., covering the equal-share joint venture between the two companies, known as the 'Siksika A4 Bar Farm Operations Project.' The site of the project is located approximately 60 miles east of Calgary, Alberta, Canada on the land of the Siksika First Nations. 'The joint venture operating agreement is the most significant achievement for Hybrid Fuels to date,' said Douglas Dickie, President and CEO of Hybrid Fuels Inc.. The Project will initially consist of the construction of two (2) facilities each utilizing Hybrid Fuels' proprietary technology together with the industry expertise and cattle provided by A4 Bar Cattle Company Ltd.. 'The Siksika A4 Bar Farm Operations Project will provide innovative and alternative approaches to economic and community development on First Nations lands. The Project is positioned with a multi-disciplinary team of professionals with solid corporate expertise combined with years of hands-on technical and management experience,' added Dickie. 'We fully expect to expand this type of project to include other First Nations across Canada and the United States.' The two (2) facilities are designed to produce a combined daily volume of up to 3,300 litres of ethanol, generate up to 2 megawatts of power, finish up to 2,400 head of cattle annually, and provide up to 10 full time jobs. The internal hydroponics barley grass growing system is designed to produce a 12-pound ration of grass per head of cattle per day. 'We believe that the demand for our products positions this joint venture for profitability and delivers significant value to Hybrid Fuels shareholders,' concluded Dickie. | December 15, 2006: Hybrid Fuels Inc. Announces Acquisition VERNON, BC, Dec. 15 /PRNewswire-FirstCall/ - Hybrid Fuels, Inc. (OTCBB: HRID) today announced the acquisition of a commercial-ready facility situated in Oyama, BC, Canada. This facility includes all equipment and infrastructure necessary to utilize the Company's proprietary technology, for total consideration of 3.72 million restricted common shares of Hybrid Fuels Inc. valued at approximately $1.4 million US. The facility, designed for commercial demonstration purposes, was acquired from a Hybrid Fuels Inc. shareholder consortium that financed the construction of this Oyama-based facility. The consortium includes Hybrid Fuels Inc. Directors Douglas Dickie and Edward Melenka. 'Our acceptance of restricted shares as consideration for the facility demonstrates our confidence in the future growth opportunities of the Company,' stated Douglas Dickie, President and CEO of Hybrid Fuels Inc. 'This acquisition puts the Company in a more advantageous position to finance subsequent, commercial projects.' The Oyama facility includes a steel-construction cattle barn and ethanol plant, interior operating systems and equipment, a gasifier, facility designs and intellectual property. 'We now have an actual working model which will allow the world to understand our concept, as well as a research facility where we will continue our efforts to enhance 'green' energy production. The company is now positioned to execute our business plan and build long-term shareholder value through commercial activities,' continued Mr. Dickie. |
