Auxer Announces New Product of Prepaid Calling Cards - The Platinum Series.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)--Dec. 19, 2001 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGI) (www.axgiinvestor.com) announced today that its subsidiary, CT Industries, Inc., formerly introduced its line of prepaid calling cards under the new Platinum Series(TM). The line has been introduced with four products: African Talk(TM), Kamustahan(TM), One Cent America(TM) and El Sol Mexicano(TM). The Platinum Series currently focuses on Asia, Mexico, Africa and the domestic markets. The line is expected to expand to six products in January. The Company has been working on forming its network of tier one carriers, as well as strengthening its customer service team and its customer base during the year 2001. ABOUT THE COMPANY The Auxer Group is a holding company that consists of two groups; a Telecommunications Group and an Automotive Group. The Telecommunications Group is focused on distribution of prepaid products, which includes The X-Factor(TM) and One Cent America(TM). The Automotive Group is focused on aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. wholesale and distribution of automotive and marine products and parts, which includes Easy Test(R) and Garry's Royal Satin(TM). 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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