Auxer's Chairman Outlines 2001 Strategy; Overall Goal is to List Auxer On the Nasdaq.

Business Editors

WEST PATERSON, NJ--(BUSINESS WIRE)--Nov. 28, 2000

The Auxer Group, Inc. (OTCBB:AXGI) announced the company's twelve month strategy for Auxer. Mr. Chiaramonte, Chairman of Auxer, unveils his plan for the Telecom Group and Auxer over the next twelve months which focuses on listing AXGI on the NASDAQ. Additionally, Mr. Chiaramonte's vision includes achieving a revenue pace of $180 Million and assets under management in excess of $20 Million in the coming year.

"In June, I established three objectives which I believe Auxer has successfully achieved. The company has grown two operating groups, Telecom and Automotive. Both groups have achieved their initial milestones. The Automotive Group achieved solid revenue growth with the success of its air conditioning line, development of its new utility lights line and its addition of a second warehouse location in northern New Jersey.

"In addition, I challenged management to establish a Telecom Group this year. Today, I'm proud to say that this milestone has been achieved. Since the acquisition of Clifton Telecard, this subsidiary has distributed and sold over $5.5 Million in prepaid phone cards to date. Clifton remains on track with our initial projections for the 4th quarter of 2000. Our switch operation, Auxer Telecom has completed the installation and testing of its operations in Los Angeles and the management team of Auxer Telecom reports that it is ready to open its switches and be a provider and reseller of telecommunication services. Our transition of Clifton's traffic, approximately $2.5 to $3 Million per month is in the process of being transferred to Auxer's switches at this time. I expect Mr. Shaver, Executive Vice President of Auxer, to make further announcements in the coming weeks as to these details.

"Today, I would like to communicate to our investors the company's new objectives. First, the company plans to complete the transition of Clifton's traffic to Auxer Telecom over the next 60 days. Second, Auxer expects to enter into formal negotiations with at least one, and possibly two more acquisition candidates in the telecommunications industry which we I intend to complete in the first and second quarters of 2001. Third, Auxer plans to invest in several beta test programs being developed by Auxer Telecom in the areas connected to broadband, virtual private networks, and ATM/prepaid phone card combinations. And lastly, I believe the company will be properly developed and in position to apply for listing on the NASDAQ during the next fiscal year which is my final objective for the next coming year. My vision for Auxer in the coming year is to have the company on a sales pace of $180 Million per annum and assets under management in excess of $20 Million by this time next year," said Mr. Chiaramonte, President of Auxer.

About the Company

The Company is a holding company that has formed a Telecommunications Group and established two subsidiaries, Clifton Telecard, Inc., a wholesale distributor of prepaid phone cards and Auxer Telecom, Inc., a reseller/switch operation of telecommunication services from telecommunications carriers to the telecommunications industry. Additionally, Auxer owns an Automotive Group with three 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(R), sells engine treatment under the name, Formula 2000 Ultimate(TM) and sells waxes and polishes under the name, Garry's Royal Satin(TM) 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 websites 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.

For more information please visit our websites at www.auxer.com and www.axgiinvestor.com.