Auxer's New Air Conditioning Line Attracts National Wholesale Distributors; Auxer in Discussions for Joint Venture.Business Editors WEST PATERSON West Paterson (păt`ərsən), borough (1990 pop. 10,982), Passaic co., NE N.J., a suburb of Paterson; inc. 1914. Electric, electronic, and photographic products are made in the borough. , N.J.--(BUSINESS WIRE)--July 5, 2000 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AXGI) announced today that its subsidiary, Harvey Westbury's new air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. line gained new distribution and recognition with National Wholesale Distributors, a major discount retail chain that competes with Sam's Club, BJ's Wholesale, and Costco. The retail chain specializes in high volume retail distribution in aftermarket automotive items as well as other high volume products. Harvey Westbury currently has initial test orders out with several other major retailers and distributors to include Trak Auto and Atlantic Pacific, formerly Ezon. Additionally, the company is in negotiations with a chemical manufacturer to joint venture the Easy Test(R) Kit with the manufacturer's alternative refrigerant re·frig·er·ant adj. 1. Cooling or freezing; refrigerating. 2. Reducing fever. n. 1. A substance, such as air, ammonia, water, or carbon dioxide, used to provide cooling either as the working substance of to CFC-12 (Freon). National Wholesale Distributors has 36 retail warehouses and two (2) distribution centers throughout the Northeast United States. Initial orders to National Wholesale Distributors were shipped in time to be placed on the retail shelves for the Fourth of July Fourth of July, Independence Day, or July Fourth, U.S. holiday, commemorating the adoption of the Declaration of Independence. Celebration of it began during the American Revolution. Weekend. Harvey Westbury recently introduced its new line of Air Conditioning Kits, Chemicals and Accessories for the summer 2000 season. The company has experienced solid growth on all its new kits. As a result of the Clean Air Act, HFC-134a refrigerant continues to grow as the mobile air conditioning and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and alternative refrigerant of choice replacing CFC-12 (also known by the trade name Freon). This season the Company has introduced a line of Do-It-Yourself Kits, chemicals and accessories geared towards supplying the market and consumers with innovative and inexpensive solutions for Recharging newer cars (post 1994 models) with HFC-134a as well as Retrofitting older cars from CFC-12 to Alternative refrigerants Chemical refrigerants are assigned an R number(sometimes the label replaces it with the word Freon) which is determined systematically according to molecular structure. The following is a list of refrigerants with their R numbers, IUPAC chemical name, molecular formula, and CAS number. (other than ozone-depleting substances like CFC-12). ABOUT THE COMPANY The Company is a holding company which currently owns 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(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 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. For more information please visit our websites at www.auxer.com. |
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