Consolidated Energy, Inc. Acquires Coal Reserves in Eastern Kentucky.Energy Editors/Business Editors CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Jan. 14, 2004 David Guthrie, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Consolidated Energy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CEIW) (The Company) announced today that the Company has acquired from Eastern Land Development, LLC, a mineral holding company in Eastern Kentucky, a six million (6,000,000) ton coal reserve of low sulfur high BTU Btu: see British thermal unit. coal in Martin County, Kentucky Martin County is a county located in the U.S. state of Kentucky. As of 2000, the population is 12,578. Its county seat is Inez6. The county is named for Congressman John Preston Martin. It's a prohibition or dry county. Geography According to the U.S. . "CEIW has the availability to ship this coal to markets on both rail via the N & S railroad and river terminals on the Big Sandy River The Big Sandy River may refer to one of the following rivers in the United States:
NYMEX See New York Mercantile Exchange (NYM). ," Guthrie stated. CEIW acquired Eastern Consolidated Energy, Inc. ("ECEI") on September 15, 2003. ECEI had for the past two years been leasing coal and development of commercial mining and producing coal and has been mining coal since September 2003. "With the recent acquisition of additional high production continuous mining equipment the company has now turned the corner and has commenced to produce coal at a much higher rate of production and in a profitable manner," Guthrie stated. Our plans are to develop this newly acquired reserve as quickly as possible to expand further production, Guthrie said. For additional information please contact David Guthrie, purduedwg@comcast.net, President Consolidated Energy, Inc. or call 317-887-1116. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements. |
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