Hybrid Technologies Inc. 'OTCBB:HYBT' Announces an Additional 5% Stock Dividend to Shareholders of Record as at March 31st, 2006.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Due to Hybrid Technologies' Intention to Move its Listing to NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market, the Company will not Proceed with Previously Announced Three for One Forward Stock Split Hybrid Technologies Hybrid Technologies (NYBT) is offering all-electric versions of the 2008 Smart ForTwo. See their corporate website for more information. External links , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HYBT) www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium powered products worldwide, is pleased that along with the previously announced 20% stock Dividend plan for 2006, the company will also award an additional 5% stock dividend on March 31st, 2006 as below: 2006 - Stock Dividend Plan: 2006 Stock Dividend Plan will pay 5% each to shareholders of record as at March 31st, 2006; May 31st, 2006; August 31st, 2006; November 30th, 2006; and February 28th, 2007. After having consulted with the newly appointed corporate attorneys to move Hybrid to the NASDAQ National Market, it has been recommended to the Company that it not proceed with the forward split at this time; the Company has accepted the recommendation by the corporate attorneys and has therefore decided to award an additional 5% stock dividend instead of the three for one forward split. About Hybrid Technologies: www.hybridtechnologies.com Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. Hybrid Technologies, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :HYBT) |
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