Auxer Group to Manufacture Tester Products for Warren Distribution
20 August 1998
The Auxer Group Announces Agreement to Manufacture Tester Products for Warren Distribution
WAYNE, N.J.--Aug. 20, 1998--The Auxer Group, Inc. (OTC BB - AXGI) announced its subsidiary, the Harvey Westbury Corporation, is manufacturing, assembling, and packaging a variety of tester products for Warren Distribution, Omaha, NE, a TOP 100 Automotive Distributor according to the Directory of Automotive Aftermarket Suppliers. Warren was established in 1922, is ISO 9001 registered and lists over $79 Million in annual revenues and over 2000 domestic retail clients. Warren is aggressively promoting the line from now through the fall season with headline catalog advertising and attractive pricing. Additionally, the two companies are researching other synergistical opportunities that may exist.
The Auxer Group, Inc. is an investment holding company that is comprised of three subsidiaries: the Harvey Westbury Corporation, CT Industries, and Universal Filtration Industries. The company is a manufacturer, wholesaler, and distributor with a line of automotive, marine, and aviation aftermarket and hardware products. Collectively, the company owns and markets several product lines including Formula 2000 Ultimate(tm), Garry's(r) Royal Satin Automotive Wax polish & car care, Garry's(r) Royal Satin Marine Care, It(r) silicone spray, T-Bolt(r) rust penetrant, Easy Test(r) Testers, Air Conditioning Recharge Kits & Components, and Fleet Crankcase Kits.
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.
