Consolidated Energy, Inc. did not have significant operations as of March 31, 2003. The company seeks a business opportunity to enter, including the possibility of an acquisition or merger with an existing operating business. The company has two acquisitions in progress with Eastern Consolidated Energy, Inc. and Makaira Industries, Inc. In June 2003, the company completed its pending merger with Saudi American Minerals, Inc. (SAMI). SAMI owns a patent for a clean coal technology whereby Bituminous, Sub Bituminous, and Lignite coal can be burned cleanly. This technology reduces particle emission pollution associated with coal combustion technology.
