AXGI! News!
(COMTEX) B: Amendment to Previous Press Releases SEC Reporting Status
B: Amendment to Previous Press Releases SEC Reporting Status, Revision to
Company Sales and Wax & Polish Annual Sales
WAYNE, NJ, Jan 12, 2000 (BUSINESS WIRE) -- The Auxer Group, Inc. (OTC:
AXGI) issued amendments to four previous press releases: SEC Reporting
Status, dated August 24, 1999 & September 28, 1999, Company Sales,
dated August 5, 1999 and Annual Wax & Polish Sales, dated June 9, 1999.
As a supplement to the August 24, 1999 and September 28, 1999 press
releases, The Auxer Group, Inc. will become a reporting company under
the Exchange Act of 1934 as of January 29, 2000. At such time, the
Company will be required to provide certain business and financial
information to the SEC by way of certain required securities filings
such as Forms 10K, 10Q, and 8K.
The following is an amendment to the Company's August 5, 1999 press
release regarding sales. The sales for the six months ending June 30,
1998 were $188,014. The sales for the six months ending June 30, 1999
were $383,933, an increase of approximately $196,000; it had been
previously reported that the increase in sales was over $200,000.
The following is an amendment to the Company's June 9, 1999 press
release regarding the annual sales of waxes and polishes in the United
States. It had been previously reported that annual sales were $700
million; annual sales should have been reported at $498 million.
ABOUT THE COMPANY The Auxer Group, Inc. (OTC-BB "AXGI") is an
investment holding company that is comprised of three wholly-owned
subsidiaries: Harvey Westbury Corporation, CT Industries and Hardyston
Distributors. Auxer Group is a manufacturer, wholesaler and distributor
of automotive, marine and aviation after-market and hardware products.
These products are currently sold to major retail chains around the
country including, PEP BOYS, MANNY, MO and JACK, CARQUEST, PARTS
AMERICA (WESTERN AUTO), WAL MART, KMART, WEST MARINE just to name a
few. The Auxer Groups' most well known products include Easy Test
Testers and Air Conditioning Accessories, GARRY'S ROYAL SATIN WAX AND
POLISHES (a 70 year old superior car and marine wax line), FORMULA 2000
ULTIMATE (A high performance engine treatment).
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products,
competition, new products and technological changes, intellectual
property rights and other risks.
For more information please visit our websites at www.auxer.com
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: The Auxer Group, Inc.
Patrick M. Rost
760/942-0015
WEB PAGE: businesswire.com
GEOGRAPHY: NEW JERSEY
INDUSTRY CODE: BANKING
CHEMICALS/PLASTICS
AUTOMOTIVE
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