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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (12458)	7/22/1999 11:26:00 AM
From: jccodez	Read Replies (1) \| Respond to of 108040

AXGI News: Internet division created: (COMTEX) B: Auxer Group Approves Formation of New Entity for Purpose B: Auxer Group Approves Formation of New Entity for Purpose of Acquiring Internet Based Business WAYNE, NJ, Jul 22, 1999 (BUSINESS WIRE via COMTEX) -- The Auxer Group, Inc. (OTC BB: AXGI) announced today that the Board of Directors has approved the formation of a new entity with a focus on internet related acquisitions and development. The company intends to enter into discussions with several groups for the purpose of acquisition and/or purchase. "With recent successful launching of Auxer's internet sites, we are being approached by so many groups with exciting businesses involved with the Internet that we felt it was time to make a more significant investment in this marketplace. We believe several of the acquisitions and concepts that have been presented to us are in line with our fundamental investment strategy and represent strong potential for Auxer's investor's. While the company remains committed to its core business in automotive related products, I believe this is another strong opportunity that should not be overlooked," saidMr. Eugene Chiaramonte, Chairman of The Auxer Group. ABOUT THE COMPANY