The Auxer Group, Inc. Announces the Acquisition of Hardyston Distributors
29 April 1999
The Auxer Group, Inc. Announces the Acquisition of Hardyston Distributors
WAYNE, N.J.-- (BUSINESS WIRE)--April 28, 1999--The Auxer Group, Inc. (OTC BB: AXGI) announced today that it has completed the acquisition of Hardyston Distributor's assets and business operations as well as completing an employment agreement with Mr. Ernest DeSaye Jr. Hardyston Distributors is a profitable specialty parts distributor based in Northern New Jersey which has demonstrated strong growth on basic fundamental principals. Hardyston Distributors has a tremendous reputation for immediate response deliveries, high level customer service and support to include qualified mechanics assisting buyers with purchases. The Company believes the acquisition can post additional revenues to the group of over $800,000 in 1999."Hardyston Distributors is a solid small but growing company. Mr. Ernest DeSaye Jr. is an enthusiastic and ingenuitive individual who has worked extremely hard in developing a nice niche in the marketplace. We believe he will be an excellent addition to the team and will continue to contribute with his innovative ideas toward improving the automotive aftermarket industry," said Mr. Eugene Chiaramonte, Jr., Chairman of the Auxer Group.
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 Hardyston Distributors. 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 Auxer Investor Relations call 800-418-2002 Patrick M. Rost, PMR and ASSOCIATES 760-942-0015