Auxer Group Filed Form 10-SB

24 August 1999

Auxer Group Filed Form 10-SB

    WAYNE, N.J.--Aug. 24, 1999--The Auxer Group, Inc. (OTC BB:AXGI) announced today that it has filed its Form 10-SB with the Securities and Exchange Commission (SEC).
    Mr. Eugene Chiaramonte, Chairman of The Auxer Group, again stated, "This is an exciting time for us as we formally recognize that the company has grown and developed to the point where we qualify for reporting status with the Securities and Exchange Commission. We will now contact the NASD to pursue removing the "E" from our stock symbol."
    Additionally, the company plans to announce later this week at least one letter of intent to acquire internet related technologies and assets. Management expects to complete discussions with at least one group this week and intends to establish a subsidiary or division for the purpose of investing in internet related commerce.

    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 Easy Test Testers and Air Conditioning Accessories, GARRY'S ROYAL SATIN WAX AND POLISHES (a 70 year old superior car and marine wax line), FORMULA 2000 ULTIMATE (A high performance engine treatment).
    For more information please visit our websites at www.auxer.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.