Auxer Reports New Developments At Viva.Business Editors PATERSON, N.J.--(BUSINESS WIRE)--Dec. 19, 2002 The Auxer group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGI) announced today that its merger with Viva Airlines, Inc. is proceeding toward completion. Eugene Chiaramonte, Chairman of AUXER, said, "We have a few agreements yet to finalize but everything is moving along well. This time of the year is always a challenge to get agreements completed because of the holidays. However, I am in daily contact with the management of VIVA and they are anxious to complete the merger". Robert Scott, President and Chief Executive Officer of VIVA, announced today that VIVA is formalizing an agreement with Falcon Air Express Falcon Air Express was an airline based in Miami, Florida, USA. It operated charter services and wet-leasing of aircraft. Its main base is Miami International Airport[1]. Falcon Air sub-contracts for Venezuelan carrier Aeropostal Alas de Venezuela. of Miami that would broaden Falcon's participation with VIVA. Falcon is a fully licensed carrier that maintains a fleet of 9 jet aircraft. Scott said, "Our discussions with Falcon include expanding our relationship to include operational support involving pilots, mechanics and other support personnel. We will also be able to have Falcon assist us in training and development of personnel. Falcon is an excellent air carrier and we are excited about having them as a business partner. This alliance with Falcon allows us to move forward with our plan to provide flight service from San Juan San Juan, city, Argentina San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region. , Aguadilla, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. ". Scott also reported that VIVA has located 2 Super 727 aircraft in Miami that we intend to purchase. These craft require a "C" check and cosmetic renovations prior to transfer to a new license. We have sought approval from the 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. Civil Aeronautics Authority to put these craft into service after the above referenced services. These aircraft will be purchased from a tier 1 aerospace supplier. Scott stated "VIVA's plans are to acquire by lease purchase or outright purchase 9 to 11 aircraft by the end of calendar year 2003. Accordingly, VIVA will continue to search for 737-300's and 767's" to meet the demands of our corporate sponsors and affiliations for the proposed route service structure. 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. For further information on The Auxer Group, Inc. please visit our website at: www@axgiinvestor.com For further information on Viva Airlines, Inc. please visit our website at: www@vivaairlines.com |
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