AUXER Signs Merger Agreement.Business Editors PATERSON Paterson, city (1990 pop. 140,891), seat of Passaic co., NE N.J., at the falls of the Passaic River; inc. 1851. Founded in 1791 by Alexander Hamilton and others of the Society for Establishing Useful Manufactures, Paterson was a planned attempt to promote industrial , N.J.--(BUSINESS WIRE)--Jan. 9, 2003 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGI) announced today that a stock exchange and reorganization agreement with Viva Airlines, Inc. was signed on January 8, 2002. Eugene Chiaramonte, Chairman of AUXER, said "The master agreement between AUXER and VIVA has been signed and agreed to by the respective companies. There are a few schedules and some supplemental information that is to be exchanged between the parties that will become a part of the agreement. However, these items are a formality formality, in chemistry: see chemical equilibrium; concentration. and should be exchanged within the next few days. We will have a normal closing as is customary in such agreements and that should occur on or before January 15, 2003." Chiaramonte further stated "The VIVA merger brings tremendous energy and excitement to AUXER. While VIVA continues to fine tune its business plan, exciting developments and opportunities are occurring daily. A series of announcements discussing VIVA's operations will soon follow." VIVA's plan is to provide "niche" passenger and cargo services to the Caribbean. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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