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Does anyone knows something? any hope? or any light in the tunnel for this one? does this Co. has anything, any operation? Your post would be greatly appreciated.
igloo There was no crime committed!! Just a few investors who think they got taken!! Problem is they dont understand SEC filings. It was all spelled out for them but they didnt understand what they were reading. And now they are looking for a scapegoat!!YEA A TALKING FAX MACHINE ha ha
It is almost one year that you wrote this post!! How is your lawsuit with the DOJ comming along?? Why did you buy this stock with all the fraud in this company?? I dont think you will find to many investors out there with losses. Most do their DD before they would have bought this stock. And they would have spotted this EREX FRAUD
To me it looks like no crime was commited. If the investors knew how to read S 8 Filings they would have known that they would be diluted to nothing. Plus all those 144 sellers. Looks like you guys believed a con story that about a fax machine that could do 6 things. Did anyone really check it out?? Or did you just throw your money into the deal.Should have done your DD and not listen to the old paid touts. Hey all these companys are scams just got to know when to get out. They all tell wonderfull stories most are lies but thats the BBs and the pinks for you. Whos going to sue whom??? The IRS is the only body of the government that rewards dopey gullible investors. The FBI does not help dopey investors. Move on and just laught it off, a singing Dragonfly!! YEA right on!!Get a life HA HA HA Marc Jablon knows when he sees greedy investors!!
just wondering what type of "organized crime", "offshore fraud" you might be referring to. Can you give any other details?
No, there are no employees, nor are they currently conducting any business.
Khris
Does anyone know the status of this company? Is E-Rex still in business? Do they still have employees?
I have gotten involved in a lawsuit against EREX and it's Principals through the Dept. of Justice. I am confident that the EREX FRAUD brought upon investors runs very deep and is connected to offshore fraudulent activity. I will keep this board posted on my activity and announce where anyone interested in contacting FEDERAL AUTHORITIES investigating ties to ORGANIZED CRIME SYNDICATES tied to EREX can call to discuss their losses thru similar embezzlement, wire and mail fraud that I encountered.
Dear Shareholder: (posted by Khris)
All known shareholders received, in a prior Email, a consent form for your consideration. For the company to survive each and every item is crucial and demands your attention. The elements of this Majority Consent are intended to work with a tax incentive program, providing funding, a change in the board of directors, and a change in the stock structure and number of board seats to facilitate a future partnership. Every aspect of the consent form is necessary to the success of EREX and its shareholders. The impact for E-Rex, if these items succeed, should be very positive for all of the stockholders.
In June of 2003 E-Rex filed for Qualified High Tech Business (QHTB) status in Hawaii. Replies from the Hawaii taxation board state that EREX qualifies for at least two of the three tax incentives. The QHTB is able to “sell” its operating losses, up to $500,000/ per year for the prior two years. The QHTB is entitled to an ITC (investment tax credit) of 100% of investment. It is structured as a “100% return on cash investments” and is done over five years. The credit is limited to $2,000,000. In addition it is also possible E-Rex may be entitled to an R & D credit. This is a 20% refundable credit on top of any Federal credits allowable. If you are interested in the state programs, please view the state web page, Department of Tax at www.hawaii.gov/tax. For reference, the law firm, of which EREX has no connection, Chun, Kerr, Dodd has performed a nice analysis of the HRS. That site is www.ckdbw.com/taxincentive.asp.
It is important to note that for this Majority Consent to pass, a majority of the outstanding stockholders must sign and return the form. This is not just a matter of the majority of people who vote, it requires a majority of ALL the stock. It is a daunting proposition. For a shareholder group to even be able to reach enough of the stockholders to consider this is a major problem. If you know other shareholders, please share this message with them. I expect the vote to be close and every vote really counts. Please, if you do agree with this proposal, fax your consent in no later December 10th. (Dec 8th for mail)
Any and all questions should be directed to EREXmcg@yahoo.com , please, if possible provide a phone number.
Sincerely,
Joe Pacheco
As Shareholder
Fax 818-224-2895
Mail to: FMS
22713 ½ Ventura Blvd., Ste A
Woodland Hills, CA 91364
A Yahoo board for EREX and updates:
http://groups.yahoo.com/group/EREX_Shareholders/
If there is someone that would like control of this board, let me know your full name, RB name, and Email it to me.
khris@tieless.net
Khris
MAJORITY WRITTEN CONSENT
OF SHAREHOLDERS OF
E-REX, INC.
IN LIEU OF MEETING OF THE SHAREHOLDERS
Pursuant to the authority granted to shareholders to take action by majority written consent without a meeting pursuant to Nevada Corporate Law, the shareholders of E-Rex, Inc., a Nevada corporation (the “Corporation”) identified herein (the “Shareholders”), do hereby consent to, adopt, ratify, confirm and approve, as of the date indicated below, the following recitals and resolutions, as evidenced by their signature hereunder:
CERTIFICATE OF AMENDMENT OF ARTICLES OF INCORPORATION
WHEREAS, the Board of Directors has previously authorized a reverse stock split of both the outstanding and the authorized common shares of the Corporation;
WHEREAS, the Shareholders desire and believe it is in the best interest of the corporation to effect a reverse stock split in the amount of one share for each five shares of the outstanding and the authorized common shares reducing the authorized common stock to fifty million (50,000,000) shares;
WHEREAS, the Shareholders desire and believe it is in the best interest of the Corporation to amend the Corporation’s articles to increase the authorized common stock (post reverse split) from fifty million shares (50,000,000) shares at a par value of $.001, to two hundred million shares (200,000,000) at a par value of $.001;
WHEREAS, the Shareholders desire and believe it is in the best interest of the Corporation to amend the Articles of Incorporation to increase the number of Directors authorized from three (3) to seven (7) Directors. The required number of three (3) Directors will remain unchanged. Appointments made under this provision shall initially be made by a vote of the Board of Directors no sooner than 30 days after the adoption of all Amendment and General Resolutions contained herein. All Directors offices remain subject to vote at authorized Shareholder meetings;
WHEREAS, the Shareholders believe it is in the best interest of the Corporation to authorize and approve the amendments as set forth herein;
NOW, THEREFORE, BE IT RESOLVED THAT, the amendments are hereby authorized and approved.
GENERAL RESOLUTIONS
BE IT RESOLVED FURTHER, THAT the existing Board of Directors be amended to reflect that Mr. Don Mitchell be relieved of this position by this Majority Written Consent, and that in the interim Mr. Khristian Smith fill this post until such time as the next authorized shareholders meeting.
BE IT RESOLVED FURTHER, THAT the Directors and Officers of the Corporation are hereby authorized and instructed to take whatever necessary steps to effectuate the above-described-resolutions and that all resolutions, amendments of the articles or general, be carried out under the same authority.
IN WITNESS WHEREOF, the undersigned have set forth their hand as of this 10th day of November, 2003 (the “Record Date”) and hereby certify under penalty of perjury under the laws of the State of Nevada that they are the beneficial owner of the number of shares of common stock indicated under their signature.
Signature: ------------------------------------
Print Name ------------------------------------
Number of Shares --------------------------- Date of signature ----------------------------
WHY IS DONALD MITCHELL STILL ALLOWED TO CONTINUE AS CHAIRMAN BY THE SEC WITH ALL THE CONFIRMED AND ADMITTED THEFTS OF PREVIOUS CONTRIBUTIONS TO COMPLETE THE DFLY?
If you guys want to start using this it is fine by me.
I am currently the moderator, which I may or maynot wish to continue doing. i would be reluctant to remove posts, even Billst and Cape. But if it got out of control, they could probably be removed.
Khris
Let me know if this board suits your needs.
E-Rex, Inc. Enters into Financing Agreement for Up to $500,000
MIAMI, Oct. 15, 2002 (PRIMEZONE) -- E-Rex, Inc. (OTCBB:EREX) today announced that it has entered into a financing agreement with an unrelated third-party investment group to provide up to $500,000 in funding over an approximately one year period. Under the terms of the agreement, the investment group will purchase common stock from the Company at pre-determined prices based on the stock price and trading volume at the time of each funding traunch. Funding will begin after the Company files and the SEC approves a Form S-3 registration statement, which is expected to be filed within the next 14 days.
The net proceeds from the investment agreement will be used to fund the continued marketing and development of the Dragonfly mobile office platform, including accelerating payments to development partner Valcom Ltd., conducting product field trials and working toward securing long-term strategic partnerships, as well as for general corporate purposes and working capital.
Dragonfly, the Company's award-winning six-in-one prototype device, will be showcased and demonstrated at the CTIA Wireless I.T. & Internet Show in booth No. 1414 on October 17 and 18 and the third annual Windows Embedded DevCon. These events will be followed by the launch of a market research and field testing program targeting mobile workforces at leading organizations in the insurance, real estate, transportation, pharmaceutical, and field sales and service sectors, as well as agencies in government and law enforcement, presently scheduled to begin in November.
About E-Rex, Inc. and Dragonfly
A Microsoft Windows Embedded Partner, E-Rex, Inc. is a development stage technology company dedicated to designing and the future production of user-friendly portable devices and direct Internet access products targeted at the mobile and wireless market.
Awarded Best of Show for Best Mobile Office Device at Planet PDA 2002, the Company's flagship product is called Dragonfly. It is the first combined Handheld PC and Document Manager, all in a stand-alone unit about the same size and weight as a laptop computer. Users can access the Internet and e-mail, color print on plain paper, copy, fax and scan, all from one wireless device.
Additional details on the Company and Dragonfly can be found online at http://www.e-rex.net.
CONTACT: E-Rex, Inc.
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
.
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
A little hangover from RB yet, aye......
Ha ha.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
THE DRAGONFLY WILL ROCK YOUR WORLD
GO EREX, YEAH BABY, YEAH
KNOBIAS
market news
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EREX (OTCBB) E-REX INC
CMXS (OTCBB) CORMAX BUSINESS SOLUTIONS INC
COWP (OTCBB) CANAL CAPITAL CORPORATION
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BullyBullies Watches EREX, CMXS, and COWP
MONDAY , SEPTEMBER 16, 2002 09:50 AM
E-Rex Inc (OTCBB: EREX), Cormax Business Solutions Inc (OTCBB: CMXS) and Canal Capital Corporation (OTCBB: COWP) are all on the BullyBullies watch list.
EREX has a current price of $0.00800 per share.
CMXS has a current price of $0.02100 per share.
COWP has a current price of $0.07000 per share.
After going over their Disclosure/Disclaimer statement, Knobias was unable to determine whether or not BullyBullies was compensated.
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
E-Rex, Inc. Announces Trade Show Program for Award-Winning Dragonfly Windows .NET Powered Wireless Mobile Office Platform; Company Details Field Testing Initiative and Strategic Partnering Programs
MIAMI, Sept. 12, 2002 (PRIMEZONE) - Today, E-Rex, Inc. (OTCBB:EREX) announced that Dragonfly(tm), the Company's award-winning flagship product, will be showcased and demonstrated at the CTIA Wireless I.T. & Internet Show and the third annual Windows Embedded DevCon, both events to be held in Las Vegas in October 2002.
Awarded Best Mobile Office Device at Planet PDA earlier this year, Dragonfly is the first Windows CE.NET powered mobile device providing wireless access to the Internet and E-mail integrated with built-in color printing, scanning, faxing and copying capabilities.
"An event designed to deliver a comprehensive look at wireless solutions, CTIA will be a perfect venue to exhibit our fully functional Mobile Office Platform to our target audience of CIOs, CTOs, CEOs, IT Directors and Managers, and Enterprise and Vertical Market end-users," stated Carl Dilley, E-Rex President. "We will also be demonstrating our prototype at Microsoft's DevCon, further expanding our participation as Microsoft Windows Embedded Partners while increasing our contact with leading VARs, OEMs, and other potential strategic partners."
Dragonfly Field Testing Scheduled for Q4 2002
Initial efforts to secure a manufacturing and marketing partnership for Dragonfly has led to the development of a field testing program targeting mobile workforces at leading organizations in the Insurance, Real Estate, Transportation, Pharmaceutical, and Field Sales and Service sectors, as well as agencies in Government and Law Enforcement. In the weeks ahead the Company intends to announce the specific participating organizations that have agreed to field-test Dragonfly as well as details on additional nationwide publicity efforts.
"By deploying Dragonfly in a real-world environment we hope to gather the needed market data to successfully position our unique product as the ultimate communications tool for the mobile and remote worker," stated Joe Pacheco, E-Rex's Chief Operating Officer. "Our development team expects to deliver 20 additional prototypes during November 2002 which E-Rex will allocate to potential alliances in the computer hardware, peripheral and wireless market segments and to top businesses interested in expanding their mobile and wireless strategies."
E-Rex will co-exhibit at CTIA 2002 with new partner Mobile Command Systems in booth No. 1414. Mobile Command Systems offers a printing device called NOMAD, primarily targeted at the route delivery market. In addition to the obvious cost savings from sharing an exhibit space, both companies will benefit from the shared exposure of their complimenting product lines. This partnering concept is a critical element of our Preferred Partner Program designed to increase the market striking power of Dragonfly, while controlling the cost of creation. The relationship with Mobile Command Systems is one of the resulting benefits from the company attending the PlanetPDA show in Boston last May. "Mobile Command Systems is a perfect Preferred Partner for E-Rex and I am delighted to be working with them. With their line of mobile printing devices, they offer complimenting technology, while targeting non-competing markets. There are numerous synergies that both companies can benefit from," stated Mike Balduzzi, Executive Director of Business Development for E-Rex.
About E-Rex, Inc. and Dragonfly
A Microsoft Windows Embedded Partner, E-Rex, Inc. is a technology company dedicated to designing and the future production of user-friendly portable devices and direct Internet access products targeted at the mobile and wireless market.
Awarded Best of Show for Best Mobile Office Device at Planet PDA 2002, the Company's flagship product is called Dragonfly. It is the first combined Handheld PC and Document Manager, all in a stand-alone unit about the same size and weight as a laptop computer. Users can access the Internet and e-mail, color print on plain paper, copy, fax and scan, all from one wireless device.
Additional details can be found at http://www.e-rex.net
CONTACT: E-Rex, Inc., Miami
Mitch Ackles, Corporate Communications Director
305-895-3350
mackles@e-rex.net
E-Rex Withdraws Lawsuit Against Minority Shareholder Group
MIAMI, Aug. 21, 2002 (PRIMEZONE) -- Today E-Rex, Inc. (OTCBB:EREX) announced that the civil lawsuit filed by E-Rex, Inc. and its directors in U.S. District Court in California against Chris Ford, Terry Shores, June Blackwell, The Carol J. Gamble Trust, Steve Rigg, Randy Lamberto, Ressonyia Andersen, David Simmermacher, Suavek Kownacki, Michael J. Capelouto and the Sage Group Strategies has been withdrawn by the Company.
"The Company chose to withdraw the lawsuit after several of the defendants agreed to cooperate with management for the benefit of all E-Rex shareholders," stated Carl Dilley, E-Rex President and CEO. "We are hopeful that the remaining members of this group will cease their attacks against the Company so as not to prompt any future legal action. We need to focus all of our energies and resources on our product and not on expensive litigation."
"The E-Rex team has been making clear strides forward in our effort to restore shareholder confidence, and this step is being taken to further those efforts," stated Joe Pacheco, E-Rex's Chief Operating Officer. "The Company has also recently complied with Section 906 of the Sarbanes-Oxley Act of 2002 by having our Chief Executive Officer execute certification of our latest 10-QSB for the second quarter of 2002."
On July 29, 2002, E-Rex announced that a civil lawsuit filed by this same minority shareholder group against E-Rex President and CEO Carl Dilley, Chairman Donald Mitchell, Director Joseph Pacheco, former Director/Treasurer Jeffrey Harvey, attorney Brian Lebrecht and The Lebrecht Group law firm, as well as DiveDepot.com, Inc., and International Investment Banking, Inc. was dismissed with prejudice by Federal Judge James C. Mahan in United States District Court, District of Nevada. The Court entered a final judgment in favor of the defendants and against the plaintiffs.
"I have always had a strong belief in the marketing potential for E-Rex's flagship product, Dragonfly. Now that the litigation in Nevada and California is behind us, we hope that the Company and its shareholders can work together to make inventor Dr. Adi Bauer's dream finally come to life," stated E-Rex Shareholder, Terry Shores.
Company Files PRE 14-C Seeking Approval for Increase of Authorized Common Stock
E-Rex has filed preliminary information statement 14-C with the Securities and Exchange Commission in order to seek written consent of the holders of a majority of the Company's Common Stock of a proposal to approve an amendment to the Articles of Incorporation of the Company to increase the authorized common stock from 100,000,000 shares, par value $0.001, to 250,000,000 shares, par value $0.001. This definitive information statement 14-C will be sent to stockholders on or about August 30, 2002.
The Board of Directors believes that it is advisable and in the Company's best interests to have available additional authorized but un-issued shares of common stock in an amount adequate to provide for the Company's future needs. The additional shares will be available for issuance from time to time by the Company in the discretion of the Board of Directors, normally without further stockholder action (except as may be required for a particular transaction by applicable law, requirements of regulatory agencies or by stock exchange rules), for any proper corporate purpose including, among other things, future acquisitions of property or securities of other corporations, stock dividends, stock splits, stock options, convertible debt and equity financing. The availability of additional authorized shares will be achieved by effectuating an increase in the number of authorized shares of common stock from 100 million to 250 million shares. This step is necessary, in the judgment of the Board of Directors, in order to raise additional capital and carry out the Company's business objectives.
Additional details on this filing and all E-Rex filings can be found via the investor section of the Company's website or by visiting http://www.sec.gov.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to designing and the future production of stand alone user-friendly portable devices and direct Internet access products targeted at mobile enterprise users.
Further details on the Company can be found online at http://www.e-rex.net.
CONTACT: E-Rex, Inc.
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
E-Rex: ClickMeals Take-Out/Home Delivery Marketing & Ordering System Adopted by International Franchise Restaurant Chain Schlotzsky's Deli
MIAMI, July 31, 2002 (PRIMEZONE) -- Today E-Rex Consulting, a division of E-Rex, Inc. (OTCBB:EREX) and Biztracker.com announced that their ClickMeals Take-Out/Home Delivery Marketing & Ordering System is being adopted by International Franchise Restaurant Chain, Schlotzsky's(r) Deli. The implementation of the ClickMeals system has begun, and is expected to incorporate all corporate-owned restaurant locations by year-end.
The ClickMeals system enables restaurant customers to order meals online and have their order instantly faxed to a restaurant's fax machine, integrated with the store's POS system or received via e-mail. ClickMeals includes powerful and easy-to-use marketing tools permitting restaurants to contact their customers directly with daily specials, discounts and special promotions.
"We are very pleased that Schlotzsky's has chosen our ClickMeals system to enhance their customer experience," stated Jim Eldred, CEO of Biztracker.com. "Online ordering is fast becoming a preferred means of ordering meals for takeout and home delivery. Restaurants like Schlotzsky's are finding that capturing orders on the Internet with our system can be a great source of additional revenue and a clear method for getting the order right the first time."
As of March 31, 2002, there were 672 Schlotzsky's Deli restaurants open and operating in 38 states, the District of Columbia and eight foreign countries.
"With the addition of Schlotzsky's Deli and several other popular restaurants including Bennigan's, Thai House II and 5061 Eatery, our ClickMeals system is now a proven marketing tool for restaurants across the nation. We are now actively developing the next version of ClickMeals, and hope to continually upgrade and improve this unique hospitality-focused technology," added Carl Dilley, E-Rex President and CEO.
About ClickMeals
E-Rex Consulting developed the ClickMeals 2.0 Take-Out/Home Delivery Marketing & Ordering System for Biztracker.com. ClickMeals is available via Biztracker's comprehensive, nationwide network of quality resellers.
Biztracker.com is a privately held company formed for the purpose of designing, developing and marketing point-of-sale and e-commerce software solutions to small- and medium-sized businesses.
About E-Rex, Inc.
A Microsoft Windows Embedded and Mobile Solutions Partner, E-Rex, Inc. is a publicly traded technology company dedicated to designing and the future production of stand-alone user friendly portable devices and direct Internet access products targeted at mobile enterprise users.
Awarded Best of Show for Best Mobile Office Device at Planet PDA 2002, the Company's flagship product is called Dragonfly. It is the first wireless-ready Handheld PC and Document Manager all in a stand-alone unit about the same size and weight as a laptop computer. Users can access the Internet and e-mail, color print on plain paper, copy, fax and scan, all from one portable device.
E-Rex Consulting, a division of E-Rex, is a complete Web development, e-commerce and Internet marketing provider serving small- and medium-sized businesses.
Further details can be found at http://www.e-rex.net and http://www.erexconsulting.com.
CONTACT: E-Rex, Inc.
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
Minority Shareholder Group Lawsuit Against E-Rex, Inc. and its Directors Dismissed with Prejudice by United States District Court, District of Nevada
MIAMI, July 29, 2002 (PRIMEZONE) -- Today E-Rex, Inc. (OTCBB:EREX) announced that the civil lawsuit filed by a minority shareholder group in United States District Court, District of Nevada, has been dismissed with prejudice. Federal Judge James C. Mahan commented that the plaintiff's complaint did not meet the standards applied in the Federal Courts for these types of cases.
"We are obviously pleased with the result because it puts to rest all of the frivolous claims made against E-Rex and its management," commented Ruben F. Sanchez, Attorney for E-Rex. "The plaintiffs were unable to provide any facts or evidence to substantiate their lawsuit."
In responding to the group's civil action and at E-Rex's formal request, Judge James C. Mahan appointed a special master to audit E-Rex's financial records at the plaintiff's expense. The judge never granted the plaintiff's request to appoint a receiver to temporarily run the Company nor did he grant the group's request of class action status.
E-Rex still intends to pursue legal action already filed in U.S. District Court in California against Chris Ford, Terry Shores, June Blackwell, The Carol J. Gamble Trust, Steve Rigg, Michael J. Capelouto, Randy Lamberto, Ressonyia Andersen, David Simmermacher, Suavek Kownacki, and the Sage Group Strategies for alleged securities violations, attempted illegal takeover, stock manipulation, defamation, extortion and violation of Federal Rico Statues.
"With this distraction behind us, E-Rex can now focus its energies exclusively on executing the strategic partnerships that will provide us the market striking power to make Dragonfly a tremendous success," stated Carl Dilley, E-Rex President.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to designing and the future production of stand alone user-friendly portable devices and direct Internet access products targeted at mobile enterprise users.
Further details on the Company can be found online at http://www.e-rex.net.
CONTACT: E-Rex, Inc.
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
Plaintiff to Ask 11th Circuit Judge to Order E-Rex, Inc., Its Officers and International Investment Banking, Inc. to Release Bank Records
MIAMI, July 19 /PRNewswire/ -- The plaintiff in a civil fraud law suit against E-Rex, Inc. (OTC Bulletin Board: EREX) and its officers and against International Investment Banking, Inc. (IIBI) will ask the 11th Judicial Circuit Court judge to order the companies to release their banking records after E-Rex and IIBI objected to disclose them, according to plaintiff Chris Ford, successor trustee of the Carol Gamble Trust 86.
The status of discovery on bank records is as follows: The attorney for Ford filed a Notice of Production of Documents of Bank Records from 2 non- Parties. The Defendant's attorney has filed a timely objection to this and states that it is overly broad and would constitute an invasion of privacy. There is no case law cited to support its position. A judge must rule on this issue of access to Bank records and its scope.
Depositions will most likely be scheduled for late July or early August, Ford added. Further updates will follow.
The civil case claims fraud, civil theft, failure to repay a promissory note and breach of fiduciary duties on the part of E-Rex, a Miami-based technology development company, and Donald Mitchell, who was serving as chairman and president of IIBI at the same time he was chairman of the board at E-Rex. Ford's suit also names E-Rex President, CEO and Director Carl Dilley, Director Joseph Pacheco, and former Director and Treasurer Jeffrey Harvey.
A hearing for a separate class action lawsuit/class action pending brought by Ford and a group of E-Rex shareholders against the company in Federal Court in Nevada in February 2002 has been continued until July 29, 2002 in Las Vegas.
For more information regarding the E-Rex situation, including copies of the lawsuit and transcripts of the Nevada proceeding, please contact Andrew M. Rose, Marketing Ink, Inc. at (954) 428-2678, (954) 234-5806 (cell 24/7) or andy@marketingink.net.
SOURCE Chris Ford, successor trustee of the Carol Gamble Trust 86
-0- 07/19/2002
/CONTACT: Andrew M. Rose of Marketing Ink, Inc., +1-954-428-2678, or cell, +1-954-234-5806, or andy@marketingink.net, for Chris Ford/
(EREX)
CO: E-Rex, Inc.; International Investment Banking, Inc.; Chris Ford,
successor trustee of the Carol Gamble Trust 86 ST: Florida, Nevada IN: CPR OTC SU: LAW
Civil Fraud Lawsuit Filed By E-Rex Shareholder Near The Discovery Phase
MIAMI, June 6 /PRNewswire-FirstCall/ -- All six defendants in a civil fraud lawsuit against E-Rex, Inc. (OTC Bulletin Board: EREX) and its officers and against International Investment Banking Inc. (IIBI) have answered the suit and the plaintiff's law firm is moving toward the discovery process in the next few days, according to plaintiff Chris Ford, successor trustee of the Carol Gamble Trust 86.
Ford, a major shareholder in E-Rex, said the company has made no formal attempt to settle the case for fraud, civil theft, failure to repay a promissory note and breach of fiduciary duties on the part of E-Rex, a Miami- based technology development company, and Donald Mitchell, who was serving as chairman and president of IIBI at the same time he was chairman of the board at E-Rex. Ford's suit also names E-Rex President, CEO and Director Carl Dilley, Director Joseph Pacheco, and former Director and Treasurer Jeffrey Harvey.
Ford also said E-Rex has made no formal attempt to settle a class action lawsuit/class action pending brought by a group of E-Rex shareholders against the company in Federal Court in Nevada in February 2002. The next hearing on that case is set for July 8 in Las Vegas.
Ford said the attitude of management is clearly reflected in a February 2 article in the South Florida Business Journal, which quoted E-Rex president and CEO Carl Dilley: "I have no control over the gamblers of the world that would be so foolish as to put their life savings in any OTC stock, including ours, and actually for no one does it make sense to invest your life savings in any stock ...An investment in our company is by any measure speculative and no one should put one penny in this company that they are not prepared to lose." Dilley wrote this in a February 2, 2002 e-mail, according to the Journal.
For more information regarding the E-Rex situation, including transcripts of the shareholder lawsuits, please contact Andrew M. Rose, Marketing Ink, Inc. at (954) 428-2678, (954) 234-5806 (cell 24/7) or andy@marketingink.net
SOURCE Chris Ford, successor trustee of the Carol Gamble Trust 86
CONTACT: Andrew M. Rose of Marketing Ink, Inc.,
+1-954-428-2678, or cell, +1-954-234-5806, or andy@marketingink.net, for Chris
Ford
E-Rex Inc. Appoints Mr. Joseph Pacheco Chief Operating Officer and Mr. Michael C. Balduzzi as Executive Director, Business Development and Strategic Partnering
MIAMI, May 31, 2002 (PRIMEZONE) -- Today E-Rex, Inc (OTCBB:EREX) announced that Joseph Pacheco has been appointed Chief Operating Officer effective immediately. In addition, the Company has also appointed Michael Balduzzi Executive Director of Business Development and Strategic Partnering.
Mr. Pacheco originally joined the E-Rex Board of Directors in October of 2001 bringing more than 20 years of business management experience to the Company. He has served as CFO for several large corporations and through his accounting practice, known as Financial Management Services, has provided accounting and tax advice to many companies including entities controlled by GE Capital. Mr. Pacheco has also served as CFO for a broker dealer and has been involved at many levels of the equities and public market arena.
"I am very pleased to announce the appointment of Joe Pacheco to the COO position," stated Carl Dilley, E-Rex President and CEO. "Mr. Pacheco has been instrumental in furthering the Company's efforts to develop and deploy our primary product, and his appointment reflects the Board's confidence in his ability to assume greater responsibility in strategically executing our future growth plans."
Prior to accepting the role of Executive Director, Mr. Balduzzi served on the E-Rex Advisory Board. He brings a blend of 20 years of sales and marketing experience in wire-line and wireless telecommunications, optical networking, and interactive television (ITV). His expertise includes executive level selling, business development and strategic partnering. Recently, Mr. Balduzzi served as Senior Vice President of Sales for Canal+ Technologies. In this capacity he directed the market launch of ITV middleware to Cable and Satellite TV providers. Before entering the ITV industry, Mr. Balduzzi served in executive sales and marketing positions to launch early stage companies in the telecom and wireless sectors.
"Mike Balduzzi's extensive experience in the mobile and wireless industry will be crucial in his new role of positioning Dragonfly for market partnering and channel access opportunities," stated Joe Pacheco, E-Rex Chief Operating Officer.
Company Provides Update on Civil Litigation
In the last hearing held on May 15, 2002 in the matter of Carol J. Gamble Trust, et al vs. E-Rex. The Court invited E-Rex to submit a motion to dismiss the case. This motion, along with other motions, will be addressed at the next hearing presently scheduled for July 8, 2002.
Today E-Rex, Inc. filed a Federal Civil Action in US District Court in California against Chris Ford, Terry Shores, June Blackwell, The Carol J. Gamble Trust, Steve Rigg, Michael J. Capelouto, Randy Lamberto, Ressonyia Andersen, David Simmermacher, Suavek Kownacki, and the Sage Group Strategies alleging securities violations, attempted illegal takeover, stock manipulation, defamation, and violation of Federal Rico Statues. The complaint seeks substantial damages estimated to be in excess of $100 million dollars. The Company is also seeking treble damages and injunctive relief against this minority shareholder group.
The Company is pursuing these legal avenues to protect the Company, its shareholders, and its assets.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to designing and the future production of stand alone user-friendly portable devices and direct Internet access products targeted at mobile enterprise users.
Further details on the Company can be found online at http://www.e-rex.net.
CONTACT: E-Rex, Inc., Miami
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
E-Rex Dragonfly Wins Best Of Show At
Planet PDA Boston 2002 The World's First All-In-One Handheld PC
And Document Manager Awarded Prestigious Top Honor As
Best Mobile Office Device
MIAMI, FL, May 22, 2002 (INTERNET WIRE via COMTEX) -- Today E-Rex, Inc (OTCBB:
EREX) announced that Dragonfly, the Company's flagship product, has been awarded
Best of Show for Best Mobile Office Device at Planet PDA 2002 in Boston. Planet
PDA is the first enterprise focused PDA event that helps companies developing
handheld computing strategies to select, deploy and support the best platform
for their company.
"Our show objectives were met and exceeded; Dragonfly was received with
enthusiasm by a wide spectrum of market channels including end-users, system
integrators, VARs, OEMs, Private Label Partners (PLPs) and potential investors,"
stated Carl Dilley, E-Rex President. "We were especially pleased with the
initial contacts and discussions that occurred with potential future
manufacturing and channel partners."
Planet PDA Boston 2002 provided attendees with a first-class forum for learning
how handheld devices, when effectively deployed in the enterprise or other
environment, can dramatically improve productivity. From seamless
anytime/anywhere access to corporate networks, to field sales and service and
vertical market applications, PDAs and other handheld devices are transforming
mobile workers from out-of-sight, out-of-mind road warriors into
never-out-of-touch contributors and collaborators.
Attendees at Planet PDA included the who's who of Dragonfly's target audience.
IT/MIS Directors, Network Administrators, Healthcare, Financial and Insurance
Professionals, Government/Military, Resellers/Integrators, Field Sales/Service
Managers, Educators, Law Enforcement/Fire Fighters and Trucking/Shipping
Professionals all packed the exhibit hall during the Boston event.
The E-Rex Dragonfly, presently in its first beta phase, was specifically
designed to enable these mobile and remote workers to stay connected to mission
critical data using a variety of widely available wireless networking options.
As the first Windows Powered mobile device providing access to the Internet and
E-mail integrated with built-in color printing, scanning, faxing, and copying
capabilities, Dragonfly was all the buzz at Planet PDA.
"E-Rex is now moving forward with our current business plan. We are presently in
talks with potential partners and we expect to provide additional details once
negotiations and co-beta programs are completed," stated Carl Dilley, E-Rex
President.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to
designing and the future production of stand alone user-friendly portable
devices and direct Internet access products targeted at mobile enterprise users.
About Dragonfly
The Dragonfly wireless-ready Handheld PC and Document Manager combines the
latest technology with the office tools today's business users require, all in a
stand alone unit about the same size and weight as a laptop computer. Users can
access the Internet and E-Mail, color print on plain paper, copy, fax and scan,
all from one portable device.
A206 MHz Intel StrongArm processor running the Windows CE 3.0 operating system
powers the Dragonfly. Onboard it has 32 MB of upgradeable SDRAM and can
accommodate high-speed Flash RAM from 48 to 440 MB. The keyboard is two-thirds
of a full-size keyboard, and the display is a touch-sensitive color TFT. The
unit houses color-printing technology and a fully functional fax, copier,
scanner and 2 PCMCIA slots, serial, parallel, USB and infrared ports.
Further details on the Company and Dragonfly can be found online at
http://www.e-rex.net.
CONTACT: Mitch Ackles
Corporate Communications Director
E-Rex, Inc.
305-895-3350
E-Rex Shareholder Files New Lawsuit Alleging Fraudulent Diversion of Corporate Assets
MIAMI, May 20 /PRNewswire/ -- A major shareholder in E-Rex (OTC Bulletin Board: EREX) has filed a new lawsuit against the company and its officers and against International Investment Banking Inc. (IIBI) and its officers, alleging fraud, civil theft, failure to repay a promissory note and breach of fiduciary duties.
Shareholder Chris Ford, successor trustee of the Carol Gamble Trust 86, filed the lawsuit on April 16 against E-Rex, a Miami-based technology development company, and Donald Mitchell, who was serving as chairman and president of IIBI at the same time he was chairman of the board at E-Rex.
Ford's suit also names E-Rex President, CEO and Director Carl Dilley, Director Joseph Pacheco, and former Director and Treasurer Jeffrey Harvey. All parties named in the lawsuit were served as of May 8, 2002. They have 20 days to respond.
For more information regarding the E-Rex lawsuit, please contact Andrew M. Rose, Marketing Ink, Inc. at (954) 428-2678 or andy@marketingink.net.
MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X70861532
SOURCE Chris Ford, successor trustee of the Carol Gamble Trust 86
/CONTACT: Andrew M. Rose of Marketing Ink, Inc., +1-954-428-2678, or
andy@marketingink.net, for Chris Ford, successor trustee of the Carol Gamble
Trust 86/
E-Rex, Inc. and Biztracker.com Launch ClickMeals 2.0; New Take- Out/Home Delivery Marketing & Ordering System Now Offered by Nationwide Point-of-Sale and E-Commerce Reseller Network
MIAMI, May 3, 2002 (PRIMEZONE via COMTEX) -- Today E-Rex Consulting, a division
of E-Rex, Inc. (OTCBB: EREX) and Biztracker.com announced the launch of
ClickMeals 2.0, the new Take-Out/Home Delivery Marketing & Ordering System that
enables restaurant customers to order meals online and have their order
instantly faxed to a restaurant's fax machine, integrated with the store's POS
system or received via e-mail.
E-Rex Consulting originally developed the technology behind ClickMeals 2.0 for
Ultimate Franchise Systems, Inc., a franchise management company that currently
operates 275 franchised restaurants in 20 states including Jreck Subs, Li'l
Dino's Deli & Grille, Sobik's Subs, Central Park Hamburgers, Weight Loss Forever
and Gator's Dockside.
Biztracker.com, a provider of point-of-sale and e-commerce software solutions to
small- and medium-sized businesses, later asked E-Rex Consulting to develop and
package the marketing and ordering system as a complement to Biztracker's
existing systems currently offered by a nationwide network of 90 resellers.
Popular local South Florida restaurants including Bennigan's, Thai House II, and
5061 Eatery and Deli are already adopting the new ClickMeals system. "The unique
technology offered by ClickMeals makes sense for our business. We are not
computer experts, but with ClickMeals we don't have to be," stated Khruawan
Russmetes, owner of Thai House II.
"Online ordering is fast becoming a preferred means of ordering meals for
takeout and home delivery. Restaurants are finding that capturing orders on the
Internet with our system can be a great source of additional revenue and a clear
method for getting the order right the first time," stated Jim Eldred, President
and CEO of Biztracker.com.
ClickMeals 2.0 includes powerful and easy to use marketing tools permitting
restaurants to contact their customers directly with daily specials, discounts
and special promotions. Integrated reporting allows for the collection and
analysis of data on customer purchasing habits enabling targeted marketing
efforts that can boost sales and build long-term customer loyalty.
"Independent third-party research indicates that customers prefer meal ordering
via the Internet because they can review a restaurant's complete menu at their
own pace and control the entire ordering process," said Carl Dilley, President
and CEO of E-Rex, Inc. "ClickMeals gives customers the ability not only to
accurately and securely place online meal orders, but to customize their order
exactly to their liking by controlling ingredients or special requests and even
the specifics on delivery or pickup time."
The built-in ClickMeals 2.0 Menu Manager allows the restaurant's own
administrator full control over menu items, pricing, categories, specials,
coupons and more. This functionality enables the administrator to perform
regular menu maintenance and even implement last minute meal offerings and
special promotions from any online computer without incurring additional
charges.
More information, including a functional demo of the new ClickMeals 2.0 is
available online at http://www.ClickMeals.com.
About ClickMeals by Biztracker.com
The ClickMeals 2.0 Take-Out/Home Delivery Marketing & Ordering System was
developed for Biztracker.com by E-Rex Consulting. ClickMeals is available via
Biztracker's comprehensive, nationwide network of quality resellers.
Biztracker.com is a privately held company formed for the purpose of designing,
developing and marketing point-of-sale and e-commerce software solutions to
small- and medium-sized businesses.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc., (OTCBB: EREX), is a publicly traded
technology company dedicated to designing and the future production of
stand-alone user friendly portable devices and direct Internet access products
targeted at mobile enterprise users.
E-Rex Consulting, a division of E-Rex, is a complete Web development, e-commerce
and Internet marketing provider serving small- and medium-sized businesses.
Further details can be found at http://www.e-rex.net and
http://www.erexconsulting.com.
This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. E-Rex, Inc. assumes no obligation to update the information contained
in this press release. Certain information included herein may contain
statements that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well as operating
costs, capital spending, financial sources and the effects of competition. Such
forward-looking information is subject to changes and variations which are not
reasonably predictable and which could significantly affect future results.
Accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company.
SUBJECT: Product / Services Announcement
KEYWORDS: COMPUTER, SOFTWARE, RESTAURANTS
CONTACT: E-Rex, Inc., Miami
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
E-Rex, Inc.'s Flagship Product Enters Beta Phase; The First Wireless- Ready Windows Powered Device with Built-in Color Printing, Copying, Faxing and Scanning Capabilities Will Be Aimed at Growing Audience of Mobile and Remote Workers
MIAMI, May 3, 2002 (PRIMEZONE via COMTEX) -- Today E-Rex, Inc. (OTCBB: EREX)
announced that Dragonfly, the first wireless-ready handheld PC and document
manager, has entered the beta testing phase. The device is a complete portable
office platform with the ability to connect to the Internet, e-mail, color print
on plain paper, copy, fax, and scan all from a stand alone unit about the same
size and weight as a laptop computer. Dragonfly is the first portable device
that integrates the Microsoft Windows CE 3.0 operating system with an Intel
mobile processor and bubble jet printing technology.
Dragonfly was developed for E-Rex by Valcom Limited, a Guelph, Canada-based ISO
9001 approved and ICSD security cleared facility that performs research and
development and custom design for a broad range of communications, electronics,
meteorological, data acquisition and electro-mechanical, systems, equipment and
components. "Now that we have completed the prototype and launched the beta
program we are hoping for a positive reception when we attend the unit's first
public demonstration at Planet PDA later this month," stated Paul MacPherson,
Valcom's President.
"The demand for tools that enable fingertip access to information for people
working outside of traditional offices is growing rapidly. The ability to manage
information at the point of activity can provide companies with distinct
competitive advantages. Portable printing, scanning, and faxing solutions
empower the mobile worker by giving them the means to output that information
when and where they need it," stated Carl Dilley, E-Rex President.
Dragonfly is designed to be compatible with a variety of networks, programs, and
external devices. Dual PCMCIA slots, serial, parallel, USB, infrared ports, and
a CF Type II expansion slot enable immediate compatibility with existing Wi-Fi,
Bluetooth, GSM and CDMA expansion cards, giving users access to multiple
wireless networking options. Dozens of vertical and horizontal software
applications are presently available for Windows-powered devices and more are
being developed every day. In addition, Dragonfly is connectable to external
devices, like notebooks, PDAs, and mobile phones providing complete mobile
document management capabilities for those units.
According to research firm IDC, in the U.S. the number of mobile and remote
workers will reach 55 million by 2004, in Western Europe 27 million and Latin
America 17.4 million. Dragonfly is aimed at this growing audience.
"The introduction of Dragonfly, E-Rex's new portable office, signifies the
delivery of yet another unique, innovative Windows-powered device," said Scott
Horn, director, Embedded and Appliance Platforms Group, Microsoft Corp. "By
designing a solution that combines the rich Windows CE 3.0 operating system with
the innovative integration of mobile and color printing technology, E-Rex is
delivering to its customers access to information any time, anywhere and from
any device."
The new prototype will first debut publicly at Planet PDA, a mobile industry
event to be held in Boston, Mass. from May 14-16. E-Rex President Carl Dilley is
an invited speaker at this year's show and will be presenting on the subjects of
Expanding The Functionality Of The PDA Platform and Removable Media, Standards
and Available Options.
"Now that Dragonfly has entered the beta phase, we are actively seeking a
complementary manufacturing and marketing partnership to help us bring our
unique solution to market," stated Carl Dilley, E-Rex President.
The All-New E-Rex.net
E-Rex, Inc. recently launched an entirely new Website at http://www.e-rex.net.
The new site, designed by E-Rex Consulting, contains all of the latest
information about the Company and Dragonfly.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to
designing and the future production of stand alone user-friendly portable
devices and direct Internet access products targeted at mobile enterprise users.
About Dragonfly
The Dragonfly wireless-ready handheld PC and document manager combines the
latest technology with the office tools today's business users require, all in a
stand alone unit about the same size and weight as a laptop computer. Users can
access the Internet and e-mail, color print on plain paper, copy, fax and scan,
all from one portable device.
A 206 MHz Intel StrongArm processor running the Windows CE 3.0 operating system
powers the Dragonfly. Onboard it has 32 MB of upgradeable SDRAM and can
accommodate high-speed Flash RAM from 48 to 440 MB. The keyboard is two-thirds
of a full-size keyboard, and the display is a touch-sensitive color TFT. The
unit houses color-printing technology and a fully functional fax, copier,
scanner and 2 PCMCIA slots, serial, parallel, USB and infrared ports.
Product or service names mentioned herein are the trademarks of their respective
owners.
This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. E-Rex, Inc. assumes no obligation to update the information contained
in this press release. Certain information included herein may contain
statements that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well as operating
costs, capital spending, financial sources, and the effects of competition. Such
forward-looking information is subject to changes and variations which are not
reasonably predictable and which could significantly affect future results.
Accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company.
KEYWORDS: HARDWARE, COMPUTERS
CONTACT: E-Rex, Inc., Miami
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
E-Rex, Inc. Revises Quarterly and Annual Reports Based on SEC Comments; Management Moves to Continue to File Reports for the Company as Being in the Development Stage and Meet Other SEC Requirements in Preparation for Re-Filing the SB-2 Registration
MIAMI, March 28, 2002 (PRIMEZONE via COMTEX) -- Today, E-Rex, Inc. (OTCBB: EREX)
restated its 10-QSB Quarterly Statement for the quarter ended September 2000 and
the 10-KSB Annual Statement for the period ended December 2000. The Company
intends to also restate March, June and September 2001 quarterly statements over
the next few days. These filings are being restated to clarify and provide
additional information as required by the Securities and Exchange Commission in
comments to the SB-2 filings which have been made by the Company. References
throughout the financial statements are accurate as of the date originally
filed. The Company has not undertaken to update all of the information in the
reports, but instead has updated only those areas requested by the Commission.
For complete details on these filings please visit www.sec.gov.
"During the course of reviewing comments from the SEC to our earlier SB-2
registration statements we elected to restate certain quarterly and annual
reports. The SEC has asked that E-Rex present it's financial information as a
development stage enterprise as well as requesting further information regarding
the Swartz funding agreement and related charges, policies regarding revenue
recognition and the policies, treatment and charges related to investments the
company holds," stated Carl Dilley, E-Rex President and CEO. "These revisions
now clear the path for the Company to file a new SB-2 registration statement in
the near future, with the goal of obtaining access to long-term funding through
the agreement with Swartz Private Equity LLC, upon SEC approval."
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc. (OTCBB: EREX) is a publicly traded technology
company dedicated to designing and the future production of stand-alone user
friendly portable devices and direct Internet access products targeted at mobile
enterprise users.
This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. E-Rex, Inc. assumes no obligation to update the information contained
in this press release. Certain information included herein may contain
statements that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well as operating
costs, capital spending, financial sources, and the effects of competition. Such
forward-looking information is subject to changes and variations which are not
reasonably predictable and which could significantly affect future results.
Accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company.
SUBJECT: Company Announcements
KEYWORDS: INTERNET, SOFTWARE, COMPUTER
CONTACT: E-Rex, Inc.
Mitch Ackles, Corporate Communications Director
(305) 895-3350
mackles@e-rex.net
E-Rex, Inc. Files Complaint with the Securities and Exchange Commission Against Minority Shareholder Group; Alleges Attempt at Illegal Takeover, Stock Price Manipulation and Smear Campaign
MIAMI, March 27, 2002 (PRIMEZONE via COMTEX) -- Today, E-Rex, Inc. (OTCBB: EREX)
filed a formal complaint with the Securities and Exchange Commission against a
minority group of shareholders led by Terry Shores and Chris Ford. The complaint
alleges that Ford and Shores, along with a small group of minority shareholders,
have been manipulating the Company's stock price by continuously posting false
and misleading information on the Internet and in press releases, and they have
been attempting an illegal takeover of E-Rex since August 2001 in violation of
the tender offer rules of the Securities Exchange Act. The complaint further
alleges that the group failed to make necessary filings with the Company and the
Securities and Exchange Commission regarding their ownership position in the
Company. The complaint also alleges that the group's recently filed civil action
is part of a multifaceted and coordinated program to lower the Company's stock
price and to slander and replace current management.
"The plaintiffs have repeatedly declined our invitations, beginning back in
August of 2001, to review our finances and/or hire an independent third party
auditor," stated Don Mitchell, E-Rex Chairman. "Instead they have chosen to
victimize E-Rex and other shareholders by posting inaccurate and defamatory
statements regarding the Company, its future prospects, and management, using
Internet-based stock discussion message boards."
In responding to the group's civil action and at E-Rex's formal request, Judge
James C. Mahan recently appointed a special master to audit E-Rex's financial
records at the plaintiff's expense. The judge has not granted the plaintiff's
request to appoint a receiver to temporarily run the Company, but has instead
continued the hearing on this matter. The case has not been granted class action
status.
"We are working closely with the special master and will gladly provide any
financial records that he might request. We offered to do this months ago,"
stated Carl Dilley, E-Rex President and CEO. "It is unfortunate that we have to
divert precious resources to address this matter, especially since we are so
close to officially beta testing our first Dragonfly prototypes."
Dragonfly Product Development Nearing Beta Phase
Progress reports from development partners at Valcom, Ltd. indicate that the
prototype unit's external cases, touch sensitive display, paper feed, color
printing unit, scanner, fax, infrared data port, compact flash memory, and most
internal drivers and interface software are already fully operational. Dragonfly
is presently in the debugging and fine-tuning stage. Recent photos of the
prototype units are now available.
The dedicated development team will continue working full-time on project
completion and current estimates indicate official beta testing to commence once
the final printed circuit boards are delivered and the remaining software and
port testing is completed, expected shortly.
During the coming months Management intends to provide several in-person
demonstrations for potential manufacturing and marketing partners. The Dragonfly
is specifically designed to be compatible with a variety of networks, programs,
and external devices, making it the perfect platform for joint ventures.
"E-Rex is now actively seeking a complementary arrangement to manufacture and
market the new Dragonfly. Once our prototypes are ready we intend to focus our
energies on making that happen," stated Dilley.
About Dragonfly
The Dragonfly Handheld PC and Document Management Appliance combines the latest
portable technology with the office tools today's business users require, all in
a stand-alone unit about the same size and weight of a laptop computer. Users
can surf the Internet, send and receive email, color print on plain paper, copy,
fax, and scan -- all from one unique portable device.
A 206 MHz Intel StrongArm processor running the Windows Handheld PC (CE)
operating system powers Dragonfly. Onboard it has 32 MB of upgradeable SDRAM and
can accommodate hi speed Flash RAM from 48 to 440 MB. The keyboard is 2/3rd of a
full size keyboard, and the display is a touch-sensitive color LCD. The unit
also houses color-printing technology from the Canon Portable Bubble Jet, a
fully functional fax, copier, scanner, dual PCMCIA slots, serial, parallel, USB,
and infrared ports.
About E-Rex, Inc.
Headquartered in Miami, E-Rex, Inc., (OTC Bulletin Board: EREX), is a publicly
traded technology company dedicated to designing and the future production of
stand-alone user friendly portable devices and direct Internet access products
targeted at mobile enterprise users.
This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. E-Rex, Inc. assumes no obligation to update the information contained
in this press release. Certain information included herein may contain
statements that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well as operating
costs, capital spending, financial sources, and the effects of competition. Such
forward-looking information is subject to changes and variations which are not
reasonably predictable and which could significantly affect future results.
Accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company.
SUBJECT: Law & Legal Issues
KEYWORDS: HARDWARE, TECHNOLOGY, LEGAL
CONTACT: E-Rex, Inc., Miami
Mitch Ackles, Corporate Communications Director
305-895-3350
mackles@e-rex.net
Posted by john a on May 03, 2002 at 09:49:08:
WITH THE LAW SUIT GETTING READY FOR THE FINAL DECISION ON MAY 13 AND THE COMPANY MAKING PLANS TO SHOW THE PRODUCT AT PDA TRADE SHOW IN BOSTON MAY 14-16, LOOK FOR A MAJOR RUN.
EREX NEEDS TO SHOW THE JUDGE THAT THEIR PRODUCT IS LEGIT TO
AVOID LOSING THEIR COMPANY TO ITS SHAREHOLDERS
.
So what's the word about listing on Frankfurt Exchange? Hearing that it may be a near term event using available float. Would certainly bring more exposure to the company especially with it's European marketing champaign.
New Corporate Profile For EREX
Value-Stock.com is proud to announce our latest profile, E-Rex, Inc. - Home of the Dragonfly!
E-Rex, Inc. (EREX.OB) headquartered in Miami, Florida is about to introduce an evolutionary product that will change the way internet appliances are viewed. The Dragonfly is a 6-1 portable communications device including built-in printer, copier, fax, scanner and wireless Internet capabilities featuring the Microsoft windows CE 3.0 operating system. The Dragonfly monitor also contains a signature pad. This is an incredible "field tool" for those whose work keeps them on the road yet needs the ability to function as if they were in the "office."
We are excited about this company and their product! They have finally reached the point in their development where their flagship unit, the Dragonfly, is about to take off! View E-Rex Profile at: http://www.value-stock.com/profileEREX.htm
E-Rex Inc. plans to unveil the Dragonfly prototype at an upcoming shareholders meeting to be held in Miami, Florida. Prototypes for the Dragonfly are being finished and strategic planning has commenced for the Dragonfly's sales and distribution. Extensive marketing efforts are taking place in Sweden for presentation to the European Telecom industries along with focuses here in the U.S. and Canada. Latin America and Asia are also under discussions.
Manufacturing plans for the Dragonfly are underway. E-Rex, Inc. announced that it has agreed in principal with Asian Micro Holdings Group Ltd to have Asian Micro manufacture the Dragonfly. The companies are currently discussing proposed terms and conditions of a relationship and expect to formalize their agreement soon.
The Dragonfly is a technically superior product, viewed last month by major shareholders and other key individuals. The release of this unit is based on an innovative electronic enhancement new on the market. Discussions are taking place for release of the prototypes to key telecommunications partners offering extensive distribution coverage. Also, discussions with independent distribution and channels partners are under consideration.
This is a very exciting time for E-Rex, Inc. and its shareholders. New investors will be pleased with the due diligence available on this company. Value-Stock.com will report on updates of all events. View E-Rex Profile at: http://www.value-stock.com/profileEREX.htm
We see this company as a benefit for our long term investors along with the potential for short term gains. We will host E-Rex, Inc. for the next 3 months on our site with ongoing news and updates. We are currently being compensated for this profile. Please view our disclaimer for compensation disclosure at: http://www.value-stock.com/disclaimer.htm
Tuesday July 10, 11:01 am Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. to Be Featured on CEOcast.com Today
MIAMI, July 10 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that the President and CEO of E-Rex, Inc., Carl Dilley, held an on-line interview with CEOcast.com on Monday, July 9. The interview is available at www.ceocast.com.
CEOcast is the premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers at public and private news- making companies. Organized by industry, its analysts average over 15 years' experience covering and evaluating Wall Street's leading companies.
CEOcast's programming is distributed to millions of on-line investors at over 700 financial web sites as well as to more than 20,000 portfolio managers, buy-side analysts and traders at more than 3,300 North American institutions. Content is also disseminated to over 7,000 investment research professionals representing over 425 institutions. All content is copyrighted to protect our licensing partners.
Also, on Saturday, July 14th, E-Rex will be on Manhattan Cable Channel 56's Financially Yours, airing between 9:30 and 10:00 am. Financially Yours is hosted by Lawrence Ingram and has a viewership of over 300,000 households.
E-Rex Inc. previously announced that it is currently featured in Investors Business Daily, which has a readership of more than 892,000 investors. Investor's Business Daily subscribers will have the opportunity to read about E-Rex's relationship with Asian Micro Holdings Group on July 9th, and July 11th and to view the information on the web at www.investors.com from July 6th through July 13th.
E-Rex plans to do additional promotions as soon as the prototype of its six-in-one wireless communication device known as the Dragonfly is completed.
For further information on E-Rex Inc., please visit the Company's web site, www.E-Rex.net or access Big Apple Consulting USA, Inc. at www.askbigapple.com. Also, you may contact Marc Jablon at Big Apple Consulting USA, Inc. 1-866 THE APPL(E).
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources, and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
Thursday July 5, 11:33 am Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. To Be Featured in Investor's Business Daily
MIAMI, July 5 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that they will be featured tomorrow, July 6th, in the wire section of the Investor's Business Daily publication, and again on July 9th and July 11th. In addition, E-Rex will be featured on the Investor's Business Daily website, www.investors.com, from July 6th through July 13th.
E-Rex announced on Friday that it has agreed in principal with Asian Micro Holdings Group of Singapore to have Asian Micro manufacture the Dragonfly, E-Rex's 6-in-1 portable communications device including built-in printer, fax, scanner and wireless Internet capabilities. Investor's Business Daily's 892,000 readers will be introduced to E-Rex and the Dragonfly and will have the opportunity to read about E-Rex's proposed relationship with Asian Micro.
The Dragonfly will feature the Microsoft Windows CE 3.0 operating system, the Intel Strongarm 256k chipset, Intel Strataflash memory chips, and other hardware sub-components from Cannon, Fujitsu and other brand-name manufacturers. Prototypes for the Dragonfly are expected in the next 60 to 90 days, and strategic planning has commenced for the Dragonfly's sales and distribution.
For more information on E-Rex Inc., please visit the Company's web site, www.E-Rex.net, or contact Marc Jablon at Big Apple Consulting USA, Inc., 1-866 THE APPL(E), www.askbigapple.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources, and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
Friday June 29, 3:23 pm Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. and Asian Micro Holdings Group Agree in Principal for Manufacturing of the Dragonfly
MIAMI, June 29 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that it has agreed in principal with Asian Micro Holdings Group to have Asian Micro manufacture the Dragonfly. The companies are currently discussing proposed terms and conditions of a relationship and expect to formalize their agreement soon.
Asian Micro Holdings Group is a one-stop contract manufacturing group specializing in the manufacture of flexible circuit board assemblies, actuator coil assemblies and clean room grade polyethylene packaging materials. Asian Micro had sales of $36 million in 2000 and is well equipped to handle the manufacturing and assembly of the Dragonfly from its manufacturing facilities in Singapore, Malaysia, Philippines and Thailand. Asian Micro was awarded the prestigious ``Enterprise 50'' award by Andersen Consulting, the Business Times and the Economic Development Board in 1999.
``Asian Micro could be a very strong partner for E-Rex. We will continue to search for possible merger and acquisition candidates as E-Rex enters the next stage in its development,'' commented Don Mitchell Chairman E-Rex Inc.
E-Rex Inc. is hosting a World Wide Web Conference on Monday July 2 at 4:15 EDT, which will also be held via traditional ``Telephone Conference Call'' format. Please contact Big Apple Consulting USA, Inc., the conference host, at 1-866 THE APPL(E) to reserve your spot. The company intends to release additional news as the conference approaches.
For further information on E-Rex Inc. and instruction for how to log on to the conference via the Internet, please visit the Company's Web site, www.e-rex.net.
For additional information, contact Marc Jablon at Big Apple Consulting USA, Inc. 1-407-884-0444 or visit the Big Apple website at: www.askbigapple.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources, and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
Friday June 29, 8:31 am Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. Is Awarded The Graham Group Web Site Development Contract
MIAMI, June 29 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that E-Rex Consulting has been awarded a major web site development project for The Graham Group. The Graham Group is one of the largest real estate holding and development firms in Florida, headed by Senator Bob Graham.
E-Rex has recently changed the name of its web site design and hosting division to E-Rex Consulting to reflect the broader abilities that the company now can offer in Online Strategic Planning, Marketing, Web Site development and Back office systems integration.
The Graham Companies wanted to create an online presence for its planned community, Miami Lakes. The goal was to have a site that would be easily managed and would showcase and promote their properties, increase leads to their sales agents, provide improved communication with existing residents, and equally promote the major divisions of the company. E-Rex Consulting responded with a solution that would seamlessly integrate the presentation of the major divisions of the Graham Companies, while preserving Miami Lakes' current branding guidelines and promoting the three major themes of the community: Living, Working and Playing.
To facilitate implementation, E-Rex Consulting plans to develop the Miami Lakes site in cooperation with the technology staff at the Graham Companies, utilizing the Microsoft(TM) technologies that form part of the Graham Companies current back office systems. Once implemented, this unique real- time, web-based Real Estate Property Management System will offer a comprehensive tool for the management, control and administration of all the properties on a particular site.
The Graham Companies project is estimated at more than $90,000, and E-Rex is hopeful that it will be awarded other projects in the booming real estate industry of South Florida as a result of this contract.
In addition to its growing E-Rex Consulting Business, E-Rex continues development of its primary product, the Dragonfly, a 6-in-1 portable printer, fax and scanner with wireless Internet connectivity. Prototypes for the Dragonfly are expected in the next 60 to 90 days. The Dragonfly will feature the Microsoft Windows CE 3.0 operating system, the Intel Strongarm 256k chipset, Intel Strataflash memory chips, and other hardware sub-components from Cannon, Fujitsu and other brand-name manufacturers.
E-Rex Inc. is hosting a World Wide Web Conference on Monday July 2 at 4:15 EDT, which will also be held via traditional ``Telephone Conference Call'' format. Please contact Big Apple Consulting USA, Inc., the conference host, at 1-866 THE APPL(E) to reserve your spot. The company intends to release additional news as the conference approaches.
For further information on E-Rex Inc. and instruction for how to log on to the conference via the Internet, please visit the Company's Web site, www.e-rex.net.
For additional information, contact Marc Jablon at Big Apple Consulting USA, Inc., 1-407-884-0444 or visit the Big Apple website at: www.askbigapple.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources, and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
Monday June 25, 9:58 am Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. Announces a Worldwide Web Conference With The Developers of the Dragonfly
MIAMI, June 25 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that they will be hosting a Worldwide Web Conference that will be simulcast and accessible through http://www.e-rex.net/webconference.html and http://www.value-stock.com/index2.html. E-Rex will be discussing the development and the launch of the Dragonfly. The Web Conference will be held on Monday July 2nd at 4:15 EDT. The E-Rex panel will include E-Rex CEO, Carl Dilley, E-Rex Chairman, Don Mitchell, Anne Balduzzi, and Mike Balduzzi, Marketing Consultants. In addition to company executives, the conference call is expected to include industry analysts, brokers and investors from around the world.
E-Rex Inc.'s Dragonfly will feature the Microsoft windows CE 3.0 operating system, the Intel Strongarm 256k chipset, Intel Strataflash memory chips and other hardware sub-components from Cannon, Fujitsu and other brand-name manufacturers. The Dragonfly monitor will also contain a signature pad making it extremely compatible for ``road warriors.''
The July 2nd Web Conference will also be held via traditional ``Conference Call'' format. Big Apple Consulting USA, Inc. will be hosting the call; space on the call will be limited. Please contact Big Apple Consulting USA, Inc. at 1-866 THE APPL(E) to reserve your spot.
For further information on E-Rex Inc. and how to log on to the conference via the Internet, please visit the Company's Web site, www.e-rex.net.
For additional information, contact Marc Jablon at Big Apple Consulting USA, Inc. 1-407-884-0444 or visit the Big Apple website at: www.askbigapple.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
E-Rex Inc. Adds Online Services Pioneer and Apple Computer Vete
E-Rex Inc. Adds Online Services Pioneer and Apple Computer Veteran To Its
Advisory Board
MIAMI, Jan. 24 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX)
announced today that they have added Ms. Anne Balduzzi to its advisory board.
Ms. Balduzzi has over 18 years of marketing and product development experience
and was an early pioneer of the online information services industry.
She began her career in 1983, where she worked on the nationwide launch
and marketing of Viewtron, the first online consumer information service in
North America, operated via a joint venture between AT&T and Knight-Ridder.
While at Viewtron, she spoke before numerous organizations on the future of
electronic commerce, home banking, and other online services.
Ms. Balduzzi later joined America Online (then recognized as Quantum
Computer Services), where she reported to and worked with Steve Case on the
development and strategic marketing of what is now referred to as AOL. During
AOL's joint venture with Apple Computer, Ms. Balduzzi relocated to the Silicon
Valley, where she worked as a product development manager for Apple directing
the creation, launch, and marketing of AppleLink -- Personal Edition, an
online service that evolved into AOL. While at Apple, Ms. Balduzzi also
created competitive marketing strategies to increase customers within Fortune
500 companies and their target markets.
In recent years, Ms. Balduzzi has consulted to emerging technology,
Internet infrastructure, web hosting, Web site development, web content, VOIP,
and e-businesses on the evolution of the Internet and how to effectively
position, launch, and market both their companies and products/services.
E-Rex Inc. has been negotiating with several Fortune 500 companies
regarding the development and implementation of a nationwide marketing
campaign for its Dragonfly. The company believes that Ms. Balduzzi will
become a valuable asset to the company as it prepares its launch of the
Dragonfly.
E-Rex Inc. has six Dragonfly prototypes in development. The Dragonfly is
a 6-in-1 portable printer, fax and scanner with wireless Internet connectivity
that is projected to begin Beta testing in the coming weeks. The company has
reported that all major components have been identified, and the testing phase
for components of the Dragonfly is almost complete. The Dragonfly will
feature the Microsoft windows CE 3.0 operating system, the Intel Strongarm
256k chipset, Intel Strataflash memory chips, and other hardware
sub-components from Cannon, Fujitsu and other brand-name manufacturers.
For further information on E-Rex Inc., and E-Tech Design please visit the
Company's Web site, www.e-rex.net, www.e-techdesign.com, and access the
Company's latest filing on www.freeedgar.com.
For additional information on E-Rex Inc. contact Marc Jablon at Big Apple
Consulting USA, Inc. 1-800-546-7950 or visit Big Apple's new state-of-the-art
Web site at www.askbigapple.com
For additional information contact Marc Jablon at Big Apple Consulting
USA, Inc. at 1-800-546-7950.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities and Exchange Act of 1934 and is subject to the safe harbor created
by these sections. E-Rex, Inc. assumes no obligation to update the
information contained in this press release. Certain information included
herein may contain statements that are forward-looking, such as statements
relating to plans for future expansion and other business development
activities as well as operating costs, capital spending, financial sources,
and the effects of competition. Such forward-looking information is subject
to changes and variations which are not reasonably predictable and which could
significantly affect future results. Accordingly, such results may differ
from those expressed in any forward-looking statements made by or on behalf of
the Company.
SOURCE E-Rex Inc.
-0- 01/24/2001
/CONTACT: Marc Jablon, Big Apple Consulting USA, Inc., 800-546-7950, for
E-Rex Inc./
/Web site: http://www.e-rex.net/
(EREX)
CO: E-Rex Inc.
ST: Florida
IN: CPR MLM PUB
SU: PER
*** end of story ***
B: Stockbroker Presentations Inc. Retains Big Apple Consulti
B: Stockbroker Presentations Inc. Retains Big Apple Consulting USA, Inc. To
Conduct its Nationwide Public Relations Campaign Schedule
ORLANDO, Fla., Jan 9, 2001 /PRNewswire via COMTEX/ -- Stockbroker Presentations
Inc. announced today that they have signed a letter of intent with Big Apple
Consulting USA, Inc. to begin a nationwide public relations campaign.
As part of the agreement, Big Apple Consulting USA will begin to represent
Stockbroker Presentations' clients to the financial community including E-Rex,
Inc. (EREX - News), Ultimate Franchise Systems, Inc. (UFSI - News), Medical
Resorts International Inc. (MRINF - News), and Hawaii Love.com (MAUI - news).
Stockbroker Presentations' clients can expect the same great service from Big
Apple Consulting USA, but now the clients and shareholders can benefit with
additional International and Web support.
For additional information on Big Apple Consulting USA, Inc. and the clients
represented above, visit Big Apple's new state-of-the-art Web site at
www.askbigapple.com or call Marc Jablon at 1-800-546-7950.
Note: Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause results to differ materially. Such risks, uncertainties and other
factors include, but are not limited to, changes in general economic conditions,
risk in product technology developments, market acceptance of new product and
continuing product demand, level of competition and other factors described in
the Company's Reports, prospectuses and other filings with the Securities and
Exchange Commission.
SOURCE Big Apple Consulting USA, Inc.
CONTACT: Marc Jablon of Big Apple Consulting USA, 800-546-7950
URL: http://www.askbigapple.com
http://www.prnewswire.com
(C) 2001 PR Newswire. All rights reserved.
-0-
KEYWORD: Florida
INDUSTRY KEYWORD: FIN
ADV
*** end of story ***
E-Rex Inc. Interview to be Featured in Wall Street Transcript o
E-Rex Inc. Interview to be Featured in Wall Street Transcript on February 5th
MIAMI, Jan. 8 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX)
announced today that CEO Carl Dilley will be featured in the February 5th
edition of The Wall Street Transcript.
The Wall Street Transcript is a weekly subscription-based publication,
available in print ($1890 per year) and online ($2290 per year) at
www.twst.com. The Transcript has been publishing original content for almost
40 years. The Wall Street Transcript's readership includes institutional
investors and analysts, retail brokers and individual investors, as well as a
cross-section of corporate executives worldwide.
E-Rex Inc. will be featured in the Technology section of the publication.
Among the items expected to be discussed in the interview is the completed
$15 million financing agreement, and the development and launch of the
Dragonfly. E-Rex Inc.'s Dragonfly prototype, a 6-in-1 portable printer, fax,
scanner with wireless and Internet connectivity functionality, is projected to
be completed this quarter, with Beta testing completion scheduled for March
2001.
Last week, E-Rex Inc. was interviewed for the Wallstreetreporter.com, a
premier information source for professional investors seeking successful new
investment ideas. On December 26, E-Rex Inc. announced the completion of its
$15 million financing agreement. Since then the company has received several
requests for interviews. E-Rex will be announcing the print date for its
upcoming interview for print in Investors Business Daily in the near future.
For further information on E-Rex Inc., please contact the Company's Web
site, www.e-rex.net, and access the Company's latest filing on
www.freeedgar.com.
For additional information on E-Rex Inc. contact Marc Jablon at
Stockbroker Presentations, 1-800-546-7950.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities and Exchange Act of 1934 and is subject to the safe harbor created
by these sections. E-Rex Inc. assumes no obligation to update the information
contained in this press release. Certain information included herein may
contain statements that are forward-looking, such as statements relating to
plans for future expansion and other business development activities as well
as operating costs, capital spending, financial sources, and the effects of
competition. Such forward-looking information is subject to changes and
variations which are not reasonably predictable and which could significantly
affect future results. Accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of the
Company.
SOURCE E-Rex Inc.
-0- 01/08/2001
/CONTACT: Marc Jablon, Stockbroker Presentations, 800-546-7950, for
E-Rex/
/Web site: http://www.e-rex.net/
(EREX)
CO: E-Rex Inc.
ST: Florida
IN: CPR MLM PUB
SU:
*** end of story ***
E-Rex Inc. Interview to be Broadcast on Wallstreetreporter.com
E-Rex Inc. Interview to be Broadcast on Wallstreetreporter.com
MIAMI, Jan. 3 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX)
announced today that C.E.O. Carl Dilley will be interviewed today at 5:00 EST.
on www.Wallstreetreporter.com.
Among the items expected to be discussed in the interview is the completed
$15 million financing agreement, and the development and the launch of the
Dragonfly. E-Rex Inc.'s Dragonfly prototype, a 6-in-1 portable printer, fax,
scanner with wireless and internet connectivity functionality, is projected to
be completed this quarter, with Beta testing completion scheduled for March
2001.
Wallstreetreporter.com is the premier information source for professional
investors seeking successful new investment ideas. Each day, they interview
CEOs of leading public companies based upon important news and earnings
announcements. Wallstreetreporter.com prides itself on in-depth, unbiased,
unscripted interviews that deliver a first-hand perspective that enables
investors to make intelligent and informed investment decisions. Since 1996,
www.wallstreetreporter.com has conducted over 10,000 interviews, which have
been heard by millions of investors worldwide.
On December 26, E-Rex Inc. announced the completion of its $15 million
financing agreement. Since then the company has received several requests for
interviews. E-Rex will be interviewed this week for print in Investors
Business Daily and Wallstreet Transcripts.
For further information on E-Rex Inc., please contact the Company's Web
site, www.e-rex.net, and access the Company's latest filing on
www.freeedgar.com.
For additional information, contact Marc Jablon at Stockbroker
Presentations, 1-800-546-7950.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities and Exchange Act of 1934 and is subject to the safe harbor created
by these sections. E-Rex Inc. assumes no obligation to update the information
contained in this press release. Certain information included herein may
contain statements that are forward-looking, such as statements relating to
plans for future expansion and other business development activities as well
as operating costs, capital spending, financial sources, and the effects of
competition. Such forward-looking information is subject to changes and
variations which are not reasonably predictable and which could significantly
affect future results. Accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of the
Company.
SOURCE E-Rex Inc.
-0- 01/03/2001
/CONTACT: Marc Jablon, Stockbroker Presentations, 800-546-7950, for E-Rex
Inc./
/Web site: http://www.e-rex.net/
(EREX)
CO: E-Rex Inc.; www.Wallstreetreporter.com
ST: Florida
IN: CPR MLM
SU:
*** end of story ***
Well...
I read the whole thing (at least scanned through it) and there really isn't much of a surprise there. We've known since shortly after getting into this stock (too late) that nothing was going to happen until management and IR were free trading.
Now we keep our fingers crossed that the "push" offsets the incoming shares.
Ty
Short Sales ( the covering their ### part)
The Swartz investment agreement prohibits Swartz and its affiliates from engaging in short sales of our common stock unless Swartz has received a put notice and the amount of shares involved in the short sale does not exceed the number of shares we specify in the put notice.
This means NOTHING!!!! They have hedge funds that can toss around the EREX share price at will. I am confident you will have one good drop in price per month, just incase of a 'put'.
Warrants (the sweetners :( )
Within five business days after the end of each pricing period, we are required to issue and deliver to Swartz a warrant to purchase a number of shares of our common stock equal to 10% of the common shares issued to Swartz in the applicable put. Each warrant will be exercisable at a price that will initially equal the market price for the applicable put. The warrants will have annual reset provisions similar to the reset provisions for the warrants Swartz currently holdsEach warrant will be immediately exercisable and have a term beginning on the date of issuance and ending 7 years later.
At no time may Swartz own a number of shares that, when added to the number of shares acquired by Swartz under the Swartz investment agreement during the 61 days before the put date, will result in Swartz holding more than 9.99% of our outstanding common stock.
We are registering 32,700,000 shares of common stock for issuance to Swartz under the Swartz investment agreement. We believe, based on the recent market prices of our shares of common stock and volume in our common stock, that 32,700,000 shares will be sufficient to satisfy our obligations to issue stock and warrants to Swartz in order to fully utilize the $15 million available under the Swartz investment agreement. If 32,700,000 shares is not sufficient, we will register additional shares for resale by Swartz.
Limitations and Conditions to Our Put Rights
Our ability to put shares of our common stock, and Swartz's obligation to purchase the shares, is subject to the satisfaction of certain conditions. These conditions include:
o we have satisfied all obligations under the agreements entered into between us and Swartz in connection with the Swartz investment agreement;
o our common stock is listed and traded on Nasdaq, the O.T.C. Bulletin Board, or an exchange;
o our representations and warranties in the Swartz investment agreement are accurate as of the date of each put;
o we have reserved for issuance a sufficient number of shares of our common stock to satisfy our obligations to issue shares under any put and upon exercise of warrants;
E-Rex, Inc. Page 29 of 55
--------------------------------------------------------------------------------
o the registration statement for the shares we will be issuing
to Swartz must remain effective as of the put date and no stop
order with respect to the registration statement is in effect;
o if the number of shares to be put to Swartz, together with any
shares previously put to Swartz, would equal 20% of all shares
of our common stock that would be outstanding upon completion
of the put, we must obtain shareholder approval of such excess
issuance as required by Nasdaq rules; and
o other than continuing losses described in an attachment to the
Swartz investment agreement, at the time of a put, there can
be no material adverse change in our business prospects or
financial condition.
Swartz is not required to acquire and pay for any additional shares of our common stock once it has acquired $15 million worth of common stock. Additionally, in the event that one of the following events occurs after we deliver an advance put notice to Swartz, but before the applicable Put Date, that Put shall terminate:
o we announced or implemented a stock split or combination of our common stock;
o we paid a dividend on our common stock;
o we made a distribution of all or any portion of our assets or evidences of indebtedness to the holders of our common stock; or
o we consummated a major transaction, such as a sale of all or substantially all of our assets or a merger or tender or exchange offer that results in a change in control.
We may not require Swartz to purchase any subsequent put shares if:
o we, or any of our directors or executive officers, have engaged in a transaction or conduct related to us that resulted in:
o a SEC enforcement action, administrative proceeding or civil lawsuit; or
o a civil judgment or criminal conviction or for any other offense that, if prosecuted criminally, would constitute a felony under applicable law;
o the aggregate amount of time which this registration statement is not effective or our common stock is not listed and traded on Nasdaq, the O.T.C. Bulletin Board, or an exchange exceeds four months;
o we file for bankruptcy or any other proceeding for the relief of debtors;
o we breach certain covenants contained in the Swartz investment agreement; or
o the registration statement for the resale of shares of common stock issued to Swartz is not effective by December 22, 2001
Put Rights
We may begin exercising puts on the date of this prospectus and continue for a three-year period. To exercise a put, we must have an effective registration statement on file with the SEC covering the resale to the public by Swartz of any shares that it acquires under the Swartz investment agreement. Also, we must give Swartz at least 10, but not more than 20, business days advance notice of the date on which we intend to exercise a particular put right. The notice must indicate the date we intend to exercise the put and the maximum number of shares of common stock we intend to sell to Swartz. At our option, we may also specify a maximum dollar amount (not to exceed $2 million) of common stock that we will sell under the put. We may also specify a minimum purchase price per share at which we will sell shares to Swartz. The minimum purchase price cannot exceed the lesser of (i) 80% of the closing bid price of the Company's common stock on the business day immediately preceding the date of the advance put notice, or (ii) the closing bid price of the Company's common stock on the business day immediately preceding the date of the advance put notice, minus $0.125.
The number of common shares we sell to Swartz may not exceed 15% of the aggregate daily reported trading volume of our common shares, excluding certain block trades, during the 20 business days before or after the date we exercise a put. Further, we cannot issue additional shares to Swartz that, when added to the shares Swartz previously acquired under the Swartz investment agreement during the 61 days before the date we exercise the put, will result in Swartz holding over 9.99% of our outstanding shares upon completion of the put.
Swartz will pay us a percentage of the market price for each share of common stock under the put. The market price of the shares of common stock during the 20 business days immediately following the date we exercise a put is used to determine the purchase price Swartz will pay and the number of shares we will issue in return. This 20 day period is the pricing period. For each share of common stock, Swartz will pay us the lesser of:
o the market price for each share, minus $.075; or
o 91% of the market price for each share.
The Swartz investment agreement defines market price as the lowest closing bid price for our common stock during the 20 business day pricing period. However, Swartz must pay at least the designated minimum per share price, if any, that we specify in our notice. If the price of our common stock is below the greater of the designated minimum per share price plus $.075, or 91% of the designated minimum per share price during any of the 20 days during the pricing period,
E-Rex, Inc. Page 28 of 55
--------------------------------------------------------------------------------
that day is excluded from the 15% volume limitation described above. Therefore, the amount of cash that we can receive for that put may be reduced if our stock price declines.
We must wait a minimum of five business days after the end of the 20 business day pricing period for a prior put before exercising a subsequent put. We may, however, give advance notice of our subsequent put during the pricing period for the prior put. We can only exercise one put during each pricing period
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