Auxer Announces Key Appointment.Business Editors PATERSON, N.J.--(BUSINESS WIRE)--Jan. 17, 2003 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AXGI) announced today its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Viva Airlines, Inc. has appointed Juan Carlos Hernendez as its Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Dominican Republic operations. Mr. Hernendez will be responsible for government relations, operations, auditing and ground handling services. Mr. Hernendez has owned a ground handling business in the Dominican Republic for many years. Additionally, Mr. Hernendez has significant experience handling various aviation regulatory matters. Auxer also announced that it has entered engaged Mojave Jet (a subsidiary of Cherokee Transportation Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ) as a purchase agent to seek and procure 2 Boeing 747-200 aircraft to be purchased and delivered on or about March 15, 2003. Robert Scott, Auxer's Chairman, stated "We are very fortunate to have Mr. Hernendez join Viva. Mr. Hernendez is a well respected businessman in the Dominican Republic. I expect that this appointment will provide immediate goodwill to Viva. The engagement of Mojave Jet and subsequent acquisition of jet aircraft is in response to very strong sales indicators." 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 and other risks. |
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