01/13/03 SageGroup Strategies Takes Key Role in Major Battle Against National Group of Corporate Mismanagers

Miami, FL - January 13, 2003 - SageGroup Strategies announces that it has accepted a key role in a major fight by angry shareholders and others with an entrenched national group of persons who evidently have badly mismanaged and hurt many small public companies and their shareholders, creditors, employees, and other involvees over many years. SageGroup is the largest Professional Troubled-Company Specialist firm in the country and the world. The list of mismanaged companies began with E-Rex and now has been expanded to many more companies.

Some details are in the following press release issued nationally by SageGroup's client on January 9, 2003. Further information is available via the client's public relations firm Marketing Ink or from Larry Lindsey in SageGroup's National Coordination Office at 510-865-2480.

FOR IMMEDIATE RELEASE

Media Contact:
Andrew M. Rose
Marketing Ink, Inc.
(954) 428-2678
andy@marketingink.net

E-REX SHAREHOLDER GROUP INVOLVES MAJOR TROUBLED-COMPANY SPECIALIST FIRM FOLLOWING LAWSUITS AGAINST MIAMI TECHNOLOGY COMPANY

SageGroup Strategies to Assist Investors In Struggle with Management

MIAMI, FL (January 9, 2003) - A major group of very angry shareholders in E-Rex (OTC BB: EREX) has re-involved SageGroup Strategies, a highly respected major Professional Troubled-Company Specialist firm, to provide assistance in their hotly-contested struggle with the Miami technology company's current management.

"This is a major step forward in what has been a difficult battle against an entrenched group of very questionable characters who appear to have blatantly mismanaged this company for personal gain in violation of their fiduciary responsibilities to E-Rex and its shareholders," said major shareholder Chris Ford, successor trustee of the Carol Gamble Trust 86.

Ford continued, "We were very pleased with the very quality professional help that SageGroup provided from September 2001 to February 2002 during an earlier stage of this situation. And, we are very excited and pleased that SageGroup has now become strongly involved again as this situation moves into this major new stage.

"SageGroup has had much experience with troubled public companies with similar problems," Ford added. "It will now participate strongly in orchestrating the overall strategic program to replace E-Rex's very poor management with a quality new management team. E-Rex's weak current management has terribly hurt the company and its shareholders. SageGroup has the major strength, capabilities and experience to get this very troubled company out of trouble and moving forward well."

Last year, this angry E-Rex shareholder group filed a class-action lawsuit against the Miami-based technology development company, its officers, directors, attorney and law firm, and two affiliated companies. The shareholders alleged that the E-Rex officers and directors had engaged in insider stock deals, fraudulent dilution of shares, misuse of investors' funds, corporate mismanagement, breach of fiduciary duty and other wrongdoings.

Later last year, Ford, as successor trustee of the Carol Gamble Trust 86, filed a second lawsuit in Florida state court with the named defendants being E-Rex, various E-Rex management members (Donald Mitchell, Carl Dilley, Jeffrey Harvey and Joseph Pacheco), and International Investment Banking, Inc., an affiliated company. This lawsuit states that it is an action for civil theft, fraud, breach of fiduciary duty, indebtedness on a promissory note, and accounting.

"However, these lawsuits are only one part of a multifaceted initiative to replace current management and have E-Rex move forward and take advantage of market opportunities," Ford added. "Our ultimate goals include for E-Rex to get a quality professional management team that will focus on rebuilding this company's operations and shareholder value, including to remedy the severe damage that this company has suffered recently while the current management has had control of the company."

SageGroup Strategies is the largest Professional Troubled-Company Specialist firm in the United States and the world. It has about 40 offices nationally, plus various international affiliations, and a staff of about 600 professionals. It specializes in proactively helping troubled companies get out of trouble and moving forward well. Sometimes this includes helping U.S. and foreign investors in their fight against stock manipulators, self-serving management, misappropriated investor funds, and other similar serious problems of certain troubled companies. Much additional information on SageGroup is on its www.SageGroupStrategies.com Web site.

Larry Lindsey, a Managing Director at SageGroup, noted, "In recent years we have seen a large increase in very questionable, unethical, improper, fraudulent, and other illegal activity. One current example appears to be E-Rex, where we will be working with several angry shareholder groups, law firms, various federal government agencies, the media, and others to oust a very self-serving insider management group that has evidently greatly damaged the company through a series of very bad actions."

Lindsey added, "Based upon much information we've received, plus discussions we've had with certain key persons, we strongly believe that E-Rex is just one of several dozen companies that have been badly mistreated and mismanaged by an inter-related group of bad persons. Various federal and local governmental agencies, media, shareholder groups, and others have become very aware of this and are beginning to work more closely together. SageGroup welcomes the opportunity to participate with these others in the exposure and remedying of this terrible wrong that has caused so much pain and suffering to so many."

SageGroup's participation in this situation is on a team basis. Various SGS entities are being involved, including SGS's: a) Small Public Companies Division; b) International Investors Division; c) pending Financing Division; d) several SGS offices, including SGS Boca Raton, SGS Silicon Valley, and the National Coordination Office; and e) various individual SGS professionals.

SageGroup's Small Public Companies Division has taken a lead role in SageGroup's participation in this situation, including to coordinate the involvement of the other SageGroup entities. This division assists small-cap and micro-cap companies like E-Rex that are in deep trouble, including those that have been the victims of stock fraud, deliberate stock dilution, corporate mismanagement, violations of federal and state securities laws, and other wrongdoing.

Small public companies, their management teams, and their shareholders oftentimes lose substantial sums of investment capital because of the self-serving, malicious, and criminal acts of others. These companies have, sometimes unknowingly, gotten involved with persons whose character is very questionable. SageGroup stresses that there are various ways to try to substantiate the reputations, track records, suspicious past activities, and credentials of those who get involved with small public companies. As one example, the SEC offers information on brokers and advisers. However, many small-caps and micro-caps have passed this point and are already victims of the ruthless tactics of stock manipulators and others.

Notably experienced and knowledgeable, SageGroup prides itself on being very discreet, working with absolute confidentiality and behind the scenes whenever necessary. It has been involved in hundreds of troubled-company situations, including: shareholder advocacy, turnarounds, crisis management, debtor programs, spinouts, restructurings, and reorganizations. As part of its strict confidentiality policies, SageGroup has never disclosed or publicized the names of its clients.

For more information regarding the E-Rex situation, please contact Andrew M. Rose, Marketing Ink, Inc. at (954)428-2678, (954)234-5806 (cell 24/7) or andy@marketingink.net .