Consolidated Energy Announces Delivery of New Recycling and Gasification Equipment to TecEnergy Oklahoma, Inc.

MIAMI -- Consolidated Energy & Technology Group, Inc. (PINK SHEETS:CGGE) is pleased to announce that its subsidiary, TecEnergy Enterprises Limited has delivered a complete and tested recycling and gasification machine to TecEnergy Oklahoma, Inc. as scheduled. TecEnergy Oklahoma, Inc., another subsidiary of the Company is engaged in a reclamation project outside Skiatook, Oklahoma. Further information on this subsidiary can be found at www.tecenergyoklahoma.com

This equipment recycles waste crude oil into a clean burning, combustible gas without releasing any pollutants into the environment. Site construction and installation is ongoing and it is anticipated that final commissioning of the equipment will be completed within eight weeks.

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 recycling and gasification equipment delivered enables this waste oil and other types of waste industrial and household oil to be completely recycled to provide a clean burning, combustible gas. The gas produced by the equipment can provide fuel; for a gas driven electricity generator, for vehicles, for heating and cooking or for industrial cutting.

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 will 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 www.cetg-inc.com

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.