Auxer Announces Viva's Plans & Makes a Correction.Business Editors PATERSON, N.J.--(BUSINESS WIRE)--Dec. 17, 2002 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGI) announced today that, its merger candidate, Viva Airlines, Inc. is planning to change its name to Viva International, Inc. Robert Scott, President and Chief Executive Officer of VIVA, stated, "Our goal is to conduct international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and our name change will reflect our mission. We will actively be looking to acquire carriers, licensing, and aircraft that will be consistent with our goals. We are presently looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. licensed air carrier or certificate." Scott further stated, "VIVA is a holding company. As such, our acquisitions, affiliations, investments, management involvement will vary with each transaction." "It was recently announced that VIVA offered a letter of intent to acquire Queen Air, Aeronaves Queen, S.A. (a Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. Corporation and air carrier). The announcement should have read that the letter of intent was to acquire 49% of Queen Air. This correction does not in any way depart from the expected revenues and profits to VIVA or our excitement to be involved in the ownership of Queen Air. For example, Queen Air through its authorization to provide international air transportation of persons, property and mail from Santo Domingo Santo Domingo, pueblo, United States Santo Domingo (sän'tə dəmĭng`gō), pueblo (1990 pop. 2,866), Sandoval co., N central N.Mex., on the Rio Grande; founded c.1700 after earlier pueblos were destroyed by floods. to various destinations allows a participation in the international markets from the commencement of flight service." "VIVA will be providing to Queen Air a package of financial, accounting and management services to ensure Queen Air's success. We are drafting a business plan that will reflect VIVA's 49% stake in Queen Air. We will further assist Queen Air in drafting a business plan for their operation." "The airline industry is a highly regulated industry. Our intent to acquire a 49% stake in Queen Air is acceptable within the various regulations governing such investment, whereas a stake greater than 49% is unacceptable. We will do everything possible to make sure we remain fully compliant within the industry." 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 further information on Viva Airlines, Inc. please visit our website at: www@vivaairlines.com For further information on The Auxer Group, Inc. please visit our website at: www@axgiinvestor.com |
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