AUXER IS FORMING $60 MILLION TELECOMMUNICATIONS
GROUP
July 13, 2000--Auxer has entered discussions to assemble a new group of
Telecommunications Services companies. Initial projections show $60 Million
in revenues with earnings of $3 to $6 Million. The Board has set a timeline
to have the group operational within 3 months. Auxer expects to announce
letters of intent this week.
AUXER SIGNS LETTER OF INTENT TO ACQUIRE $30 MILLION
TELECOMMUNICATIONS
DISTRIBUTOR
July 27, 2000--The Auxer Group, Inc. (OTCBB: AXGI) announced today that
it
has signed a letter of intent to acquire the assets of Clifton Telecom
Alliance a northeast United States distributor of prepaid phone cards. While
the terms have not been disclosed, Auxer has agreed to pay cash and stock as
consideration for the assets under a binding agreement. Clifton Telecom
Alliance is projected to generate $25 - 30 million in revenue during the
initial twelve months under the Auxer Telecom Group.
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