Consolidated Energy Announces the Renewing of a Contract With Andover Consulting Services

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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