EREX-"The Dragonfly" (fka EREX)

[jmhollen]

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 [phone], [phone] (cell 24/7) or [e-mail].

SOURCE Chris Ford, successor trustee of the Carol Gamble Trust 86

-0- 07/19/2002

/CONTACT: Andrew M. Rose of Marketing Ink, Inc., [phone], or cell, [phone], or [e-mail], 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