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Thursday, February 14, 2008 12:00:16 AM
Consolidated Energy Completes Merger with Saudi American Minerals Inc
Business Wire, June 11, 2003
Energy Editors/Business Editors
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--June 11, 2003
David Guthrie, President and CEO of Consolidated Energy, Inc. (OTCBB:CEIW) (CEIW) (The Company) provided an update today confirming the completion of the pending merger between The Company and Saudi American Minerals Inc. (SAMI), a Nevada Corporation. After eleven years of research and testing SAMI is the owner of United States patent no. 6,447,559 B1 for a clean coal technology whereby Bituminous, Sub Bituminous and Lignite coal can be burned more cleanly. This technology greatly reduces particle emission pollution associated with current coal combustion technology.
SAMI has an executed contract with the Egyptian Government to develop all the coal reserves in Egypt and utilize its clean coal technology to reduce their particle emissions making the Egyptian Coal Exportable for marketing. The joint venture agreement is a fifty - fifth (50 - 50) joint venture. One mine has been developed at Maghara, in the Sinai Dessert.
Mr. Guthrie confirmed that the merger agreements have been signed. Mr. Guthrie also confirmed that an S-4 will be promptly filed with the SEC. An effective date on the S-4 will be forthcoming.
For additional information please contact David Guthrie purduedwg@comcast.net President Consolidated Energy, Inc. or call 317-887-1116.
http://assignments.uspto.gov/assignments/q?db=pat&pat=6447559
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