Consolidated Energy Announces the Renewing of a Contract With Andover Consulting Services MIAMI, Dec. 7 /PRNewswire-FirstCall/ -- Consolidated Energy & Technology Group, Inc. (OTC Pink Sheets: CGGE) is pleased to announce that it has recently renewed an agreement with Andover Consulting Services. This Agreement calls for Andover to assist CGGE in accomplishing acquisitions using Andover's funding methodology, which provides for 10-year debt financing if the subject acquisitions meet required criteria. Consolidated Energy is currently negotiating acquisitions with aggregate value in excess of approximately US$20,000,000, although no guarantee can be given that these negotiations will conclude successfully. Consolidated Energy is a holding company in the business of acquiring and developing proven technologies which seek to provide sought-after solutions to current environmental problems in our modern world, with special emphasis on alternative energy, waste management and land remediation. Consolidated Energy intends to manufacture, market, install and maintain products that provide solutions in the waste sector and at the same time use these resources to provide alternative energy and other products. Further information about Consolidated Energy can be found at http://www.cetg-inc.com/ . Contact: Seamus Lagan CEO Consolidated Energy & Technology Group, Inc. 011-353-868-375-910 NOTE: Statements made by Consolidated Energy & Technology Group, Inc. that are not purely historical are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a variety of risks and uncertainties, including, without limitation, statements with respect to the Company's strategy and prospects. These statements are made based upon information available to the Company at the time, and the Company assumes no obligation to update forward-looking statements. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward-looking statements due to a number of factors including, but not limited to, (1) demand for the Company's products and services; (2) the Company's ability to develop and launch its markets; (3) changes in the current and future business environment, including interest rates and capital and consumer spending; (4) the impact of competitive products and pricing; (5) reliance on key strategic alliances; (6) the availability of funding and skilled personnel; (7) the regulatory environment; (8) risks associated with start-up businesses; and (9) the impact of yet unknown competitors, technological obsolescence, problems with technology, problems with shipment, inadequate supplies and business opportunities. DATASOURCE: Consolidated Energy & Technology Group CONTACT: Seamus Lagan, CEO of Consolidated Energy & Technology Group, Inc., +011-353-868-375-910 Web site: http://www.cetg-inc.com/

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