Consolidated Energy Announces That It Has Concluded an Agreement to Purchase a 'Roofing Tile' Manufacturing Company in Ireland.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Consolidated Energy & Technology Group, Inc. (Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CGGE) is pleased to announce that its subsidiary, TecEnergy Enterprises Limited, has now concluded an agreement to purchase a company, Plascarraig Teoranta, in Ireland that manufactures roofing tiles from waste materials. These roofing tiles are an attractive, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] and cost effective alternative to other products that are on offer to the burgeoning construction industry in Ireland. TecEnergy Enterprises Limited has, under agreement, provided financial and management assistance to Plascarraig since June 2004. Recent receipt of product accreditation combined by the fact that the manufacturing technique and composition of the roofing tile tile, one of the ceramic products used in building, to which group brick and terra-cotta also belong. The term designates the finished baked clay—the material of a wide variety of units used in architecture and engineering, such as wall slabs or blocks, floor are now protected by a patent has enhanced the ability to secure sales of Plascarraig products and has enabled TecEnergy Enterprises Limited to now complete this acquisition. Plascarraig has received financial assistance and has an offer of further financial assistance from Udaras Na Gaeltachta, a Regional State Agency in Ireland which provides attractive financial packages for new and expanding businesses in certain geographic locations in Ireland. Plascarraig has now started to generate sales revenue and has the capability to manufacture a number of products and at the same time provide an environmental solution for the disposal of waste materials that can be converted into saleable sale·a·ble adj. Variant of salable. saleable or US salable Adjective fit for selling or capable of being sold saleability or US end products. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of 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. 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 Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. ; (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 ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , problems with technology, problems with shipment, inadequate supplies and business opportunities. |
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