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Auxer Group to Increase the Authorized Shares

18 March 1999

The Auxer Group, Inc. Announces Shareholders Approved the Adoption to Increase the Authorized Shares

    WAYNE NJ--March 18, 1999--The Auxer Group, Inc. (OTC BB: AXGI) announced today that shareholders overwhelming supported and approved the adoption to increase the number of authorized shares at yesterday's Special Meeting. As discussed at the meeting, the approved increase in authorized shares will provide management with ability to issue stock in conjunction with future growth requirements as well as current and future acquisitions.
    Additionally, management reports the E-Commerce sites are nearly completed and are scheduled to be launched within the next 10 days and the Hardyston acquisition is progressing in accordance with the proposed timelines.

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.