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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: joepcf who wrote (54438)	7/13/2000 11:38:25 AM
From: on parole	Respond to of 150070

Good on AXGI. I have had a nice position for a while. Still looking for news on IIMC, should be out anytime.

To: joepcf who wrote (54438)	7/13/2000 3:46:42 PM
From: SSP	Respond to of 150070

AXGI - Nice one Joepcf!!

To: joepcf who wrote (54438)	7/20/2000 3:45:58 PM
From: Jim Bishop	Respond to of 150070

AXGI here's your news Joe, sounds awesome WEST PATERSON, N.J.--(BUSINESS WIRE)--July 20, 2000--The Auxer Group, Inc. (OTCBB:AXGI) announced today that it signed a letter of intent with Sponge Technologies which will become Auxer Telecom Inc., a Telecommunications Switch Operation in Santa Monica California. Under the terms of the agreement, Auxer will acquire the assets of a "turnkey" switch operation capable of generating approximately $60 Million in telecommunications traffic on an annualized basis. The assets being assembled under Auxer Telecom will include the equipment, licenses, technology, proprietary & integrated software, engineering and personnel necessary to run Auxer's telecommunications operation. Under this structure, Auxer is finalizing discussions with another company to redirect its established telecommunication traffic through Auxer's switches. When the transfer of this company's traffic is completed, Auxer Telecom is projected to generate approximately $60 Million with $6 Million in earnings. Additionally, Auxer has identified a second group with approximately $60 Million in additional telecommunications traffic. Discussions are planned to begin in August and if successful, Auxer Telecom could realize revenues of approximately $120 Million in the next 18 months. "The Telecom Group project has taken on a life of its own. We feel an investment in the telecommunications industry will prove to be a tremendous investment for our shareholders at this time. The team that is being assembled around Auxer Telecom is a top tier group of management encompassing over 100 years of experience in this industry. I plan to release information on the management team over the next couple weeks. I am expecting to announce a letter of intent with the first telecommunications traffic distributor as early as next week. Appropriate funding has been sourced and approved. Final discussions for the required financing are underway and I expect to announce a Letter of Intent and/or closing on the telecom funding within the next few weeks. I plan to have Auxer Telecom operating in August and generating revenue during the third quarter," said Eugene Chiaramonte, Jr., 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 --30--sdg/ny* CONTACT: The Auxer Group, Inc., West Paterson Investor Relations, 800-201-3972 KEYWORD: NEW JERSEY CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS AUTOMOTIVE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com