LAS VEGAS and MIAMI, Aug. 22, 2005 (PRIMEZONE) -- Hybrid Technologies, Inc. (OTCBB:HYBT), www.hybridtechnologies.com, and its subsidiary companies: R-Electric Car Co., Global Hybrid Corp., Solium Power Corp., and WhistlerTel -- emerging leaders in the development and marketing of Lithium-powered and VoIP products worldwide is pleased to announce that on August 19, 2005, Hybrid Technologies, Inc. sold its wholly owned subsidiary, WhistlerTel, Inc., to Javakingcoffee, Inc., in exchange for the issuance of 80,000,000 shares of Javakingcoffee common stock, or 69.56% of Javaking's outstanding common stock following such issuance, pursuant to an Agreement dated as of August 18, 2005. WhistlerTel owns the VoIP technology assets of Trade Winds Telecom LLC, acquired on December 3, 2005, to develop a superior multilevel platform that provides highly reliable and advanced telecommunications services.
Hybrid is a publicly traded company that is involved in the development and marketing of electric powered vehicles and products. The common stock of Hybrid is traded on the OTC Bulletin Board under the symbol HYBT.OB. Hybrid is a reporting company under the Securities Exchange Act of 1934, as amended, and its filings with the Securities and Exchange Commission are available at www.sec.gov, the SEC's web site.
About Hybrid Technologies -- www.hybridtechnologies.com
Hybrid Technologies Inc. (OTCBB:HYBT) is an emerging leader in the development and marketing of Lithium powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. We foresee this industry as one of the fastest growing segments within the global economy. Hybrid Technologies' applications encompass a variety of products used globally on a daily basis, while enabling consumers to enjoy the comfort and power to which they are accustomed. Everything from two to four wheel vehicles, watercraft, military applications and other products have been successfully converted to Lithium power. The combination of our superior technology and mass-marketed products creates a unique market opportunity for our Company.
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.