Auxer Group Retains New Financial Consulting and Investor Relations
11 January 1999
The Auxer Group Retains New Financial Consulting and Investor Relations Firm to Explore New Markets and Increase Exposure to the Investor Community
WAYNE, N.J.--Jan. 11, 1999--Patrick M. Rost and Associates (PMR and Associates) To Initiate
Aggressive Growth Strategy for the Auxer Group, Inc.
Auxer Group, Inc. (OTC-BB "AXGI") announced today that it has retained the services of the financial consulting firm PMR and Associates.
PMR and Associates provides consulting services to private and public companies in areas ranging from corporate finance, acquisitions, business development and investor relations. Under the leadership of Patrick M. Rost, PMR and Associates has developed a strong track record in creating shareholder value for numerous NASDAQ and OTC clients by integrating a broad range of services into the corporate strategy of its' client companies.
Mr. Rost is a graduate of the Catholic University of America Columbus School of Law in Washington, DC and the Notre Dame London Law Centre, Concannon School of International Law and Finance. He has previously served on the board of directors of several organizations, including the American Liver Foundation (San Diego Chapter) and the Scripps Memorial Hospital Steven's Cancer Center Annual Fund Raising Event. After finishing his legal career with one of the top law firms in the country, Mr. Rost joined a large consumer products import export firm as the Director of Legal Affairs and Business Development. He played a major role in several acquisitions and initiated business development resulting in revenue growth from $15 million to $75 million before he began his own firm.
"I am extremely excited about working with the management of The Auxer Group and focusing on expanding markets for its products, implementing an aggressive acquisition and growth strategy and enhancing shareholder value in 1999. I am very impressed with Auxer's nationally known account base of automotive and marine products retailers," stated Mr. Rost. "By expanding Auxer's existing account base into home shopping networks, direct mail, mass market retailers and large volume specialties stores substantial revenue growth is readily achievable. Auxers' management team is composed of seasoned veterans in the industry and when combined with excellent products and widely recognized brand names, Auxer is poised to become a major industry force in a rapid time- frame," concluded Mr. Rost.
"PMR and Associates bring a unique set of skills to Auxer," added Mr. Gene Chiaramonte, Chairman of the Board of Auxer Group. "Mr. Rost's organization has a thorough understanding of the consumer products industry and solid financial experience to assist in bringing about significant bottom-line profits to Auxer. His investor relations credentials and contacts will provide outstanding exposure to the financial markets through his extensive network of contacts with investment bankers, brokerage firms, industry analysts, institutional investors and industry forums. We anticipate a long and productive relationship between our firms," concluded Mr. Chiaramonte.
ABOUT THE COMPANY
The Auxer Group, Inc. (OTC-BB "AXGI") is an investment holding company that is comprised of three wholly-owned subsidiaries: Harvey Westbury Corporation, CT Industries and Universal Filtration. 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 FORMULA 2000 ULTIMATE (A high performance engine treatment), GARRY'S ROYAL SATIN WAX AND POLISHES (a 70 year old superior car and marine wax line).
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