E-REX MUTUAL GROUP ANNOUNCES SUPPORT FOR PROPOSAL BY SAGEGROUP STRATEGIES

MIAMI, FL -- (INTERNET WIRE) -- 03/05/2003 -- E-Rex Mutual Group announced today their support of the February 28, 2003, proposal by SageGroup Strategies to resolve some of the issues between E-Rex, Inc. and various shareholder groups, including the E-Rex Mutual Group. The proposal is of an Overall Business Solution Plan, including for an Overall Management Council of three persons who would focus on major E-Rex business issues, including product development, management, and financing.

“We see this as a means of generating value for the E-Rex shareholders, including the trust I represent,” stated Chris Ford, as successor trustee for the Carol J. Gamble Trust and member of the E-Rex Mutual Group. “While this may not resolve all of the litigation by shareholders, it gives them a concurrent business avenue that may benefit them and, hopefully, give E-Rex the opportunity to concentrate on the business issues."

“SageGroup's goal is to focus on what is best for the company E-Rex and all of its shareholders as a group," stated Larry Lindsey, a Managing Director of SageGroup Strategies. “This proposal allows the adversarial groups to align themselves in concert with E-Rex in building a company that has been plagued with litigation and hostility. The proposal is available for review in the SGS General Press Releases section of our website www.SageGroupStrategies.com."

About E-REX MUTUAL GROUP
Formed in 2001 by shareholders aligned in opposition to the current E-Rex management team. Their focus has been to address perceived wrongs, coordinate litigation and investigations, and try to improve the company and its value. Members are currently involved in two shareholder suits against E-Rex in Nevada and Florida.

About SAGEGROUP STRATEGIES
Based in Alameda, California, SageGroup is an international firm that specializes in helping troubled companies get out of trouble. It is the largest Professional Troubled-Company Specialist firm in the country and world, with over forty offices in the USA plus various foreign affiliations.

For additional SGS information, contact Larry Lindsey, Managing Director, National Coordination Office, SageGroup Strategies, Inc., 1370 Third Street, Suite 110, Alameda, CA 94501, phone: 510-865-2480, facsimile: 510-865-6654, email: SGS@SageGroupStrategies.com website: www.SageGroupStrategies.com