Auxer to Consider Stock Repurchase.

Business Editors

TRAVERSE CITY, Mich.--(BUSINESS WIRE)--Feb. 18, 2003

The Auxer Group, Inc. (OTCBB:AXGI) announced today that it is considering the implementation of a stock repurchase program for as much as 50,000,000 of its outstanding common shares.

This reflects management's belief that the Company's shares are a good value at current prices and are, in their opinion, undervalued.

In an interview, Robert Scott, Auxer's Chairman said " We have agreements for the Viva Airlines, Inc subsidiary that are ready to finalize. These agreements will allow Viva to plan for actual commencement of passenger and cargo services into the Caribbean. Our projected revenues from operations should enhance the value of the Company's stock. Our current share price is not indicative of the true present value and by repurchasing some of our shares back from the open market and or certain individuals we feel that the value of the shares will adjust accordingly".

The Company management will begin to prepare the repurchase program for presentation to Auxer's Board of Directors. The plan, if approved, will incorporate repurchases at a predetermined stated value subject to various conditions and available cash flow.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act 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 and other risks.