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Auxer Group Releases Update on Viva Operations and Acquisitions.


Business Editors

TRAVERSE CITY Traverse City, city (1990 pop. 15,155), seat of Grand Traverse co., N Mich., at the head of the West Arm of Grand Traverse Bay, in a resort and cherry-growing region; inc. 1881. , Mich.--(BUSINESS WIRE)--June 3, 2003

The Auxer Group, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AXGI) today released information updating the status of operations and acquisitions.

Accordingly, the Company announced the following updated information on its Viva Airlines, Inc:

1). Oscar Hasan, Vice President of Sales and Marketing, has appointed
    a 5 member outside advisory committee comprised of New York City
    area travel associations to assist in strategic market planning
    for the Caribbean, Central and South America.

2). The advisory committee's recommendation is to start airline
    service for New York to Santo Domingo, Dominican Republic within
    the first 2 weeks of July. Initial air services will be contracted
    to an unrelated United States carrier. Contracts binding the
    sub-service arrangement are scheduled for closing in mid-June.

3). Viva will begin providing airline passenger and cargo services
    from Punta Cana, Dominican Republic to Caracas, Venezuala and Sao
    Paulo, Brazil beginning July 15, 2003 under a code share agreement
    with a Brazilian air carrier.

4). Pursuant to the start up of air services from New York and Punta
    Cana, Viva has issued purchase orders for ticket stock, baggage
    tags, boarding passes and ticket jackets.

5). Viva has recently opened an office at the Jet Center at Fort
    Lauderdale International Airport for use as an operational and
    administrative center.

6). Viva has issued a letter of intent to acquire a 49% interest in
    Tropical Air International of St Kitts. and Nevus. The only asset
    of Tropical is a Category 2 certificate. The certificate will be
    held in escrow until closing which is scheduled for June 9, 2003.
    The purpose of the certificate is to open flight service access to
    former British colonies as well as the United Kingdom.

7). Auxer has reached agreement to acquire a 45% interest in Northeast
    Bolivian Airways Ltd. This agreement will provide for the
    development of the 129 Category 1 certificate. Northeast Bolivian
    is not currently operational. The purpose of this certificate is
    to open flight service access to South America.

8). Viva has agreed to acquire 9 DC 9-32's as needed from Mojave Jet
    under a financing facility arrangement provided by Cherokee
    Transportation Group. The DC 9's will be introduced into the
    operations of Viva, Tropical and Northeast Bolivian on a scheduled
    basis.


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 news 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, regulatory reg·u·late  
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates
1. To control or direct according to rule, principle, or law.

2.
 uncertainties, and other risks.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 3, 2003
Words:432
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