WASHINGTON, D.C. and LAS VEGAS, Aug. 23, 2005 (PRIMEZONE) -- Hybrid Technologies, Inc. (OTCBB:HYBT) and its subsidiaries -- R-Electric Car Co., Global Hybrid Corp., and Solium Power Corp. -- emerging leaders in the development and marketing of lithium-powered products worldwide, is pleased to confirm that the second installment (5 percent) of the 20 percent 2005 Stock Dividend Plan will be payable to shareholders of record as at August 31, 2005 on September 2, 2005.
Upon payment of the stock dividend on September 2, 2005, Hybrid Technologies will have paid 20 percent stock dividend during 2005. As previously announced, the third installment of the 2005 Stock Dividend Plan is scheduled for November 30, 2005.
About Hybrid Technologies
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. As current legislation moves towards clean energy, 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 scooters, bicycles, mopeds motorcycles, small vehicles, watercraft, military applications, and many other essential 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.