The Auxer Group Announces Agreement
14 July 1998
The Auxer Group Announces a Marketing and Distribution Agreement with john de beer & associates
WAYNE, N.J.--July 14, 1998--The Auxer Group Inc. (OTC Electronic Bulletin Board:AXGI) announced it has entered into a marketing and distribution agreement with john de beer & associates and is forwarding excerpts of the john de beer's announcement:PRESS RELEASE:
John de beer & associates (de beer) located at 14187 Dekalb Ave., Rosemont, Minn. and 9 Featherston Grange, Glasshouse Lane, Packwood in the United Kingdom announced today that they have entered into a Marketing and Distribution Agreement with Harvey Westbury Inc., a wholly owned subsidiary of THE AUXER GROUP (AXGI:OTC Bulletin Board) Wayne, N.J. (www.auxer.com).
The AUXER GROUP manufactures, wholesales and distributes a line of aftermarket automotive, marine, aviation, and hardware products 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.
De beer plans an initial U.K. launch featuring the Formula 2000 oil additive under a newly designed campaign slogan. A launch covering the European Union will follow. De beer plans to appoint U.K. distributors for Harvey Westbury products during the coming weeks.
Chairman John de beer said "With energetic program implementation, I expect sales to reach an annualized (pounds)2 million ($3.2 million U.S.) by the end of the first quarter 1999. I also believe that these products are ideal for promotion and sale via the internet. We therefore will move immediately to set up a website to promote the products, with the ability to take orders directly and on behalf of our representatives, with payment by major credit card."
In addition to Harvey Westbury, de beer represents a number of other product lines, including:
-- High reliability X-ray and other medical equipment
-- Solar and hand-cranked electrical generators for charging
batteries and powering portable radio and related equipment in
remote areas and/or for military applications
-- Software for automated documentation and
-- Laser-curtain security sensors
De beer services markets in Europe including the former East European bloc countries and South Africa, and provides website design, implementation and management services. For information please contact debeer@debeer.com
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.