Consolidated Energy Announces Installation of New Recycling and Gasification Equipment

Consolidated Energy Announces Installation of New Recycling and
Gasification Equipment 


MIAMI, March 4  /PRNewswire-FirstCall/ -- Consolidated Energy & Technology
Group, Inc. (OTC Pink Sheets: CGGE) is pleased to announce that its subsidiary,
TecEnergy Enterprises Limited, has agreed to install a recycling and
gasification machine at an oil storage facility in Oklahoma. Another subsidiary
of the Company, TecEnergy Oklahoma, Inc., is engaged in a reclamation project
at the site outside Skiatook, Oklahoma. Further information for TecEnergy
Oklahoma, Inc. can be found at http://www.tecenergyoklahoma.com/ .

The equipment is scheduled to be installed in April 2005 and will allow our
Company to recycle waste crude oil into a clean-burning, combustible gas
without releasing any pollutants into the environment. The equipment will also
allow the recycling of other types of oil wastes without releasing any
pollutants into the environment.

Waste oil (or "bottoms" as it is nicknamed) is a problem for many small oil
producers who currently pay to have the "bottoms" removed from their storage
facilities. The equipment being delivered enables this waste oil to be
completely recycled to provide a clean-burning, combustible gas. The gas
produced by the equipment is capable of providing fuel for a gas-driven
electricity generator, fuel for vehicles, fuel for heating and cooking or fuel
for industrial cutting.

TecEnergy Enterprises Limited is currently completing arrangements for a second
machine in Ireland for the processing of agricultural slurry and sludge, which
can both be recycled to generate a clean-burning, combustible gas or liquid
fertilizer without releasing any pollutant into the environment. This machine
is anticipated to be operational within 120 days.

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 provide turnkey 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. in Ireland, +011-353-868-375-910



Web site:  http://www.cetg-inc.com/

http://www.tecenergyoklahoma.com/ 

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