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Auxer's Telecom Group On $7 Million Pace for 4th Quarter
Business Editor
WEST PATERSON, NJ--(BUSINESS WIRE)-Oct. 30, 2000--The Auxer Group,
Inc. (OTCBB: AXGI) announced today that Clifton Telecard and the
Telecom Group have generated revenues of over $570,000 for the week
ending October 28, 2000. The revenue is based on orders shipped for
the period of October 22 through October 28, 2000. The company expects
to announce new carrier contracts later this week.
"We had another productive week with sales nearing $600,000. We
are forecasting revenues for the 4th quarter ending December 31 over
$7 Million. We believe the number will be higher as prepaid card sales
typically are strong during the holiday season, " said Ronald Shaver,
Executive Vice President of Auxer.
ABOUT THE COMPANY
The Company is a holding company that has formed a
Telecommunications Group and established two (2) subsidiaries, Clifton
Telecard, Inc., a wholesale distributor of prepaid phone cards and
Auxer Telecom, Inc., which provides telecommunication services from
telecommunications carriers to the telecommunications industry.
Additionally, Auxer owns an Automotive Group with three (3) active
subsidiaries: The Harvey Westbury Corporation Inc., The Mechanics
Depot and CT Industries, Inc. Harvey Westbury assembles and packages
automotive accessories under the name, Easy Testa, sells engine
treatment under the name, Formula 2000 Ultimatea and sells waxes and
polishes under the name, Garry's Royal Satina to the automotive,
marine, and aviation industries. The Mechanics Depot 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
and www.axgiinvestor.com
--30--es/ny*
CONTACT: The Auxer Group
Gene Chiaramonte
Investor Relations, 800/201-3972
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: TELECOMMUNICATIONS
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Oct-30-2000 18:19 GMT
Symbols:
US;AXGI
Source BW Business Wire |
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