Hybrid Announces 24% Increase in Short Position Within Last 2 Weeks and 441% Short Position Increase Since February 15, 2008

Hybrid Technologies, Inc. (OTCBB: HYBR) www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium-powered products worldwide, would like to provide an update of short trading activities that would be of interest to its shareholders.

Hybrid Technologies reports that from OTC Equity Short interest dated May 15, 2008, short position show an increase of 24.45% to 218,373 of HYBR shares.

Since February 15, 2008, the short interest of HYBR stock have increased 178,054 shares resulting in a total of 441% increase in short position.

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Forward-Looking Statement:
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.