New York, New York, Jul. 27, 2000 (Market News Publishing via COMTEX) -- The
Auxer Group, Inc. announced that it has signed a letter of intent to acquire the
assets of Clifton Telecom Alliance a northeast United States distributor of
prepaid phone cards. While the terms have not been disclosed, Auxer has agreed
to pay cash and stock as consideration for the assets under a binding agreement.
Clifton Telecom Alliance is projected to generate $25 - 30 million in revenue
during the initial twelve months under the Auxer Telecom Group.
 
The assets and operations of Clifton Telecom Alliance are to be integrated as
part of the Auxer Telecom Group. Based on a successful transition of Clifton
Telecom Alliance into the Auxer Telecom Group, Auxer has entered into
discussions to acquire a second distributor located in the northeastern United
States with estimated revenues of $30 million. Under Auxer's strategy, these
distributors are only the initial additions to the Auxer Telecom Group. Auxer
has planned discussions over the next 60 days with additional distribution
operations to acquire additional telecommunications traffic. "By combining the
revenue from Clifton Telecom Alliance and Auxer Telecom Switch Operation, Auxer
projects the Auxer Telecom Group will generate increased profits," said Eugene
Chiaramonte, Chairman of Auxer. ABOUT THE COMPANY
 
The Company is a holding company which is forming a Telecommunications Group and
currently owns an Automotive Group with three (3) active subsidiaries: The
Harvey Westbury Corporation Inc., Hardyston Distributors, Inc. and CT
Industries, Inc. Harvey Westbury assembles and packages automotive accessories
under the name, Easy Test, sells engine treatment under the name, Formula 2000
Ultimate and sells waxes and polishes under the name, Garry's Royal Satin to the
automotive, marine, and aviation industries. Hardyston Distributors, Inc. is a
specialty distributor of automotive parts and accessories to local mechanics,
service stations and dealers. CT Industries, Inc. has been designated to house
any future internet-related business and currently handles the internet-related
sales from the company's websites as well as other retail programs.
 
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
 
 
 TOLL FREE:  800-201-3972   I.R., The Auxer Group