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AUXER Reports First Quarter Results

17 May 2000

AUXER Reports First Quarter Results; Sales Increase Over 700% for 1st Quarter, 2000 Compared to 1st Quarter, 1999

    WEST PATERSON, N.J.--May 16, 2000--The Auxer Group, Inc. (OTC: AXGI) announced today that the company filed its initial Form 10-QSB with the United States Securities & Exchange Commission. The filing reports sales of $535,540 for the first quarter of 2000 representing over a 700% increase in sales compared to the $69,949 in the first quarter of 1999. Harvey Westbury made a profit of 9% for the first quarter of 2000.
    "The company is moving in the right direction. Our subsidiary, Harvey Westbury Corp. showed a net profit of $37,601 or 9% which was one of the Company's primary objectives. Additionally, Auxer's Stockholders' Equity increased $278,605 to $450,117 during this quarter. Clearly, these are positive results, however we are focused on continuing to show these types of increases in the coming periods and I believe we can continue this pace," said Eugene Chiaramonte, Chairman of The Auxer Group, Inc.