Auxer's Telecom Group Projects Revenues of $6 to $8 Million for the 4th Quarter Ending Dec. 31, 2000
3 October 2000
Auxer's Telecom Group Projects Revenues of $6 to $8 Million for the 4th Quarter Ending Dec. 31, 2000
WEST PATERSON, N.J.--Oct. 3, 2000--The Auxer Group Inc. (OTCBB:AXGI) announced today that Auxer's Telecom Group is projecting revenues of $6 to $8 million for the 4th Quarter ending Dec. 31, 2000. Additionally, the group expects to report initial earnings for this period, the 4th Quarter ending Dec. 31, 2000 as well.ABOUT THE COMPANY
The Company is a holding company that has formed a Telecommunications Group and established a two (2) subsidiaries, Clifton Telecard Inc., a wholesale distributor of prepaid phone cards and Auxer Telecom Inc., which provides telecommunication services from telecommunications carriers to the telecommunications industry. Additionally, Auxer owns an Automotive Group with three (3) active subsidiaries: The Harvey Westbury Corporation Inc., Hardyston Distributors Inc. and CT Industries Inc. Harvey Westbury assembles and packages automotive accessories under the name, Easy Test, sells engine treatment under the name, Formula 2000 Ultimate and sells waxes and polishes under the name, Garry's Royal Satin to the automotive, marine and aviation industries. Hardyston Distributors Inc. is a specialty distributor of automotive parts and accessories to local mechanics, service stations and dealers. CT Industries Inc. has been designated to house any future internet-related business and currently handles the internet-related sales from the company's Web sites as well as other retail programs.
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.
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