CNSV Receives Initial Royalty Revenues From Coal Being Mined on a Portion of its Buckhorn Property.

HENDERSON, Nev., Sept. 9 /PRNewswire-FirstCall/ -- Consolidation Services, Inc. ("CNSV"), (OTC Bulletin Board: CNSV - News), announced today that Buckhorn Resources, LLC, "Buckhorn" which is 50% owned by CNSV, signed a five year coal mining lease agreement with ICG Hazard, LLC, "ICG", a subsidiary of International Coal Group, Inc. (NYSE: ICO - News), on approximately 1,765 acres. Buckhorn received $108,000 and approximately another $125,000 is due immediately, which pays surface royalties due on about 144,000 tons of previously mined coal and fee (surface and mineral) royalties on approximately 18,000 tons of previously mined coal from the leased portion of the Buckhorn property. Approximately 334,000 tons of coal have been previously mined on disputed areas, of which Buckhorn has a claim for mineral royalties on about 144,000 tons and a fee claim (surface and mineral) on about 190,000 tons. Buckhorn expects its share of these royalties should be in excess of $1,500,000; however, the exact amount will depend upon the outcome of negotiations with counter claimants. ICG and Buckhorn resolved their overlapping title claims on approximately 391 acres. Dr. Johnny R. Thomas, CEO of CNSV and Managing Member of Buck...
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CONSOLIDATION SERVICES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Item 8.01 Other Events Buckhorn Resources LLC, a Kentucky limited liability company ("Buckhorn"), 50% owned by Consolidation Services, Inc. ("CNSV") and ICG Hazard LLC, a Delaware limited liability company ("ICG"), entered into a coal mining lease dated September 1, 2009 with a five-year term. The lease became effective on September 2, 2009, upon the signing of the escrow agreement described below. The material terms of the lease agreement, while maintaining confidentiality on certain details, as deemed appropriate by the parties, are as follows: 1) Buckhorn and ICG, signed a five year coal mining lease on approximately 1,765 acres in eastern Kentucky, most of which are under lease with third party counter claimants. 2) Royalty revenues from coal mining on the leased property are expected to fall in two categories: a) Undisputed Royalties: Royalties from past mining on properties completed before August 1, 2009, which have no "bona fide" counter claimants will be due and payable in early September, 2009 and undisputed royalties for future mining will be due and payable on the 25th day of each month thereafter following mining activity. b) Disputed Royalties: Royalties from past mining activities which have a "bona fide" counter claimant will be placed in escrow in early September, 2009; while royalties due on future mining on said disputed properties will also be placed in escrow, on the 25th day of each month thereafter following mining activity. Undisputed royalties payable in early September, 2009, are estimated to be in excess of $220,000, which represents surface and mineral royalties due on about 18,000 tons and surface royalties only on approximately 144,000 tons of coal. In the disputed area, the Company has mineral royalty claims on about 144,000 tons of coal and surface plus mineral royalty claims on about 190,000 tons. 3) Buckhorn and ICG resolved their overlapping title claims on 391 acres through negot...
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CONSOLIDATION SERVICES INC Financials

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CONSOLIDATION SERVICES INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements Statements contained in this Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this document that are not historical or current facts may constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those predicated in any such forward-looking statements include: our ability to raise funds; our business strategies and future plans of operations; our ability to attract and retain qualified personnel; our ability to identify and successfully consummate and manage future acquisitions; our ability to compete against much larger companies; the current economic recession in the United States, as well as the economic conditions affecting the industry in which we operate; our current operating losses; and the competitive environment within the industry in which we compete. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "ex...
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CONSOLIDATION SERVICES INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements Statements contained in this Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this document that are not historical or current facts may constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those predicated in any such forward-looking statements include: our ability to raise funds; our business strategies and future plans of operations; our ability to attract and retain qualified personnel; our ability to identify and successfully consummate and manage future acquisitions; our ability to compete against much larger companies; the current economic recession in the United States, as well as the economic conditions affecting the industry in which we operate; our current operating losses; and the competitive environment within the industry in which we compete. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "ex...
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CONSOLIDATION SERVICES INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION Statement Regarding Forward-Looking Disclosure Certain statements contained in this report, including, without limitation, statements containing the words, "likely," "forecast," "project," "believe," "anticipate," "expect," and other words of similar meaning, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Our plans and objectives are based, in part, on assumptions involving the continued expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that our assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. We undertake no obligation to revise or update publicly an...
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CONSOLIDATION SERVICES INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations. Forward-Looking Statements Statements contained in this Item 2. "Management's Discussion and Analysis of Financial Conditions and Results of Operations" and elsewhere in this document that are not historical or current facts may constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those predicated in any such forward-looking statements include: our ability to raise funds; our business strategies and future plans of operations; our ability to attract and retain qualified personnel; our ability to identify and successfully consummate and manage future acquisitions; our ability to compete against much larger companies; the current economic recession in the United States, as well as the economic conditions affecting the industry in which we operate; our current operating losses; and the competitive environment within the industry in which we compete. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "...
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