Consolidated Energy Announces Installation of New Recycling and Gasification Equipment

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Capital Group Global Equity ETF	AMEX:CGGE	AMEX	Exchange Traded Fund

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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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CGGE Capital Group Global Equity ETF