Auxer Updates Shareholders On Viva Airlines, Inc.Business Editors PATERSON, N.J.--(BUSINESS WIRE)--Dec. 12, 2002 The Auxer Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGI) announced today that the Viva Airlines, Inc., merger is approaching finalization and the Company is pleased to report that Viva has entered into a $500,000 advertising and promotion contract with Joseph Tausch Sr. and MPI MPI - Message Passing Interface of Miami to provide radio, television and print advertising which will concentrate on creating awareness and excitement for VIVA prior to its start of flight operations. The Company intends to attract significant interest from the Hispanic traveler. Tausch and MPI have been previously contracted by others for similar services and are well regarded. Auxer also informed its shareholders of a private news release that VIVA issued on December 11, 2002. That announcement is repeated as follows: Viva Airlines, Inc. announced today that is has offered a letter of intent through Fiesta Airlines Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (a private consulting & management organization) to acquire Queen Air, Aeronaves Queen. S.A. (a Dominican Republic Corporation and air carrier). Queen Air has the authority to operate international air transportation of persons, property and mail from Santo Domingo, D. R. to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Miami, Caracas, Madrid, Buenos Aires, Santiago de Chile, Sao Paula, Milano, & San Juan. Robert Scott, President and Chief Executive Officer of VIVA, stated, "We are optimistic about the potential acquisition of Queen Air. This acquisition along with our wet lease from 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 will move us that much closer to our start of doing business. Despite the news of United Air Lines (NYSE NYSE See: New York Stock Exchange : UAL UAL United Airlines (ICAO code) UAL Unified Accelerator Library (Brookhaven National Laboratory) UAL User Account Lockdown UAL User Access Layer UAL Universal Auxiliary Language UAL User Agent Layer ) filing for chapter 11 bankruptcy protection, we believe there are many outstanding industry opportunities available and we are going forward with our business plan with great momentum". Eugene Chiaramonte, Chairman of Auxer, stated, "We are pleased at the speed at which the Viva Airlines plan is moving forward. Viva's plan to commence flight operations beginning in March of 2003 looks very promising. We are confident that this merger will provide shareholder value". Forward-looking statements in this release are made pursuant to the "safe harbor" 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 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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