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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject7/13/2000 2:08:35 PM
From: Veteran98  Read Replies (1) of 150070
 
AXGI--Auxer is Forming $60 Million Telecommunications Group

Auxer is Forming $60 Million Telecommunications Group

Auxer is Forming $60 Million Telecommunications Group

WEST PATERSON, N.J., Jul 13, 2000 (BUSINESS WIRE) -- The Auxer Group, Inc. (OTC
BB: AXGI) announced today that Board of Directors has approved the formation of
an entity intended to focus on Telecommunication and related services. Auxer has
entered discussions with several parties and consultants to assemble a
conglomerate of Telecommunications Services which when completed will be a
wholly or majority owned subsidiary of The Auxer Group. The company expects to
announce Letters of Intent as early as next week.

"Today's announcement is related to Auxer's third strategic objective I recently
unveiled on June 20th. The company has been in discussions with the related
parties for sometime. I chose to wait until now to release these developments in
order for me to be satisfied that these series of investments could be
successfully completed. When assembled the group is projecting $60 Million in
revenues with earnings of $3 to $6 Million. My timeline and goal is to have
Auxer's Telecommunication's Group operational within the next three months,"
said Eugene Chiaramonte, President of Auxer.
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