To: Jim Bishop who wrote (10545 ) 9/28/1999 9:54:00 AM From: SSP Read Replies (2) | Respond to of 150070
Sept. 28, 1999--The Auxer Group, Inc. (OTCBB:AXGI) announced today its subsidiary, Harvey Westbury entered into a relationship with Phoenix Wholesale Distributors, Pasadena, Texas to distribute Garry's Royal Satin wax and care products to several locations in Mexico to include Mexico City, Toluca, and Monterrey as well as other Central American countries. Initial orders have been shipped to Phoenix and management expects the export business to continue to grow during the next twelve months. The company has experienced a substantial increase in export inquires on its website and at recent tradeshows. Due to the increased interest in the products, Harvey Westbury intends to add an export section to its Internet site to accommodate buyers outside the United States. In other news, Auxer's recent Form 10SB filing with the Securities & Exchange Commission (SEC) is expected to be approved or receive comments as early as the first week of October. The company has spoken with the examiner at the SEC and he believes his initial review will be complete within 30 to 35 days of the filing date, August 31, 1999. Additionally, the SEC is currently responding to comments within approximately five (5) days. "The company is doing everything we can to ensure the stock is back trading on the Over The Counter Bulletin Board (OTC BB) in October," said Eugene Chiaramonte, Chairman of The Auxer Group. In the interim, an individual investor should be able to obtain a quote through his brokerage service. If a service does not currently provide quotes, an investor can obtain quotes, free of charge, through the Bloomberg Network at www.bloomberg.com by entering the symbol in the Stock Quotes Look Up box. Of the brokerage firms the company contacted regarding EQS, most are currently subscribing or plan to subscribe in the near future. For more information on the EQS, call 212/868-7100 ext. 435 or visit www.nqb.com. About The Company The Auxer Group, Inc. 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).