NewStream Energy Technologies Group Inc (NSGP)

[petermic]

CEIW has some of the same board members as CCTI, per the CEIW website. The two I see are Mr. Jennings and Mr. Baker. What the implication of this might be I don't know.

It's certainly unusual for the same people to be involved with two public companies, one worth $4 billion and the other bankrupt. Particularly odd since the bankrupt company once owned, or almost owned, the technology of the $4 billion company.

http://www.ceiw.net/contact/contact.htm

Corporate Headquarters:
76 George Road
Betsy Layne, KY 41605
ph. 606.478.1333
fax [phone]

Company E-mails:

Dave Guthrie (CEO)- [e-mail]
Robert Chmiel (CFO) [e-mail]
Barry Tackett (Controller)- [e-mail]
Joseph Jacobs (Secretary)- [e-mail]
Dr. Edward Jennings (Board)- [e-mail]
Carl Baker (Board)- [e-mail]
Tim Stobaugh (Board)- [e-mail]
Scott Griffith (Board)- [e-mail]
Jesse Shelmire (Board)- [e-mail]
David B Guthrie (PR/Marketing)[e-mail]



On July 12, 2007, Consolidated Energy, Inc. (the “Company”) filed a Voluntary Petition under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Kentucky (the “Court”). At this filing date, the Company is serving as "debtor-in-possession".

Effective July 12, 2007, the Company has engaged Vulcan Services Corporation (“Vulcan”), subject to the approval of the Court, to manage the Company during the period that the Company is operating pursuant to the Bankruptcy Code. The principal terms of the agreement, which is subject to supervision and direction by the Company’s Board of Directors, are Vulcan will (i) be responsible for day-to-day oversight of operations of the Company, (ii) provide personnel, (iii) provide oversight of the coal mining operations, relationships with employees, customers and vendors, and (iv) manage the mines, processing plant, and other facilities.

CONSOLIDATED ENERGY, INC.

Dated: July 17, 2007
By: /s/ Joseph Jacobs
Name: Joseph Jacobs
Title: President and Chief Operating Officer