E-REX MUTUAL GROUP ANNOUNCES MAJOR PROGRESS OF ITS OVERALL “COORDINATED ARMIES STRATEGIC PROGRAM”

Miami, FL and New York City, NY -- September 24, 2005. E-Rex Mutual Group announces major progress during the past four weeks of its overall "Coordinated Armies Strategic Program". This is the Program under which this E-Rex shareholder group is moving forward to remedy the very bad wronging of the E-Rex public company and its shareholders by some very bad persons and firms who have used very bad and allegedly illegal tactics, misrepresentations, mismanagement, and other actions.

E-Rex is one of several dozen public companies evidently wronged by one group nicknamed the E-Rex Hyena Pack, and there are many other small public companies that have also been badly mishandled and wronged by other similar very bad groups of swindlers, stock promoters, attorneys, financial firms, and others. Defrauded investors of many of these companies are actively talking with the E-Rex Mutual Group as to ways to work together on similar objectives, including to a) recover defrauded money; b) have the companies become more valuable in the best interests of the shareholders; c) expose the bad persons publicly; d) stop the bad persons from committing additional wrongdoing; and e) deter others from becoming defrauders, etc. There already is much cooperation among wronged investors, and this is continuing to increase rapidly.

Chris Ford, an E-Rex Mutual Group leader, stated, "The Coordinated Armies Strategic Program is working very well and has been accomplishing much in recent weeks, all in the best interests of E-Rex and its shareholders. This Program is allowing for each of the main four Armies to be moving forward in its most powerful and appropriate ways, both independently and through various coordinated actions. The four main Armies currently making much progress are: 1) the attorneys focusing on lawsuits and other legal aspects; 2) the governmental agencies focusing on securities regulation, corporate fraud, money laundering, tax evasion, and other related areas; 3) the media focusing on informing the public, especially on corporate wrongdoing; and 4) SageGroup Strategies, Inc., focusing mainly on the financial and business aspects in the best interests of E-Rex, its shareholders, and related entities. Overall coordination is being handled jointly by E-Rex Mutual Group and SageGroup Strategies."

Mr. Ford continued, "It is very gratifying to see how well our attorneys, governmental agencies, SageGroup Strategies, and other already-involved entities are progressing. In addition, it is exciting to see how other entities are also joining into this end-game of accomplishing these business, financial, justice, humanitarian, and other worthwhile objectives. Some recent aspects of this include: a) Many other wronged investor groups and companies have been in serious discussions with us and are expected to push forward with their own related Programs very soon, including at the overall coordination level, in their own best interests regarding their own companies and investments; b) More questionably-involved persons and other entities are becoming more cooperative and are providing more information and materials to be used by our attorneys, governmental entities, SageGroup Strategies, the media, and others in the best interests of the wronged E-Rex and other companies' investors; c) More media members are expressing strong interest in using the media to publicly expose the wrongdoers and their misrepresentations and other wrong actions; and d) More angry E-Rex shareholders are becoming more proactive in working with the E-Rex Mutual Group of angry shareholders."

Larry Lindsey, a senior-level SageGroup Strategies Managing Director with over 35 years of business experience in troubled-company, financing, senior management, and related business areas, explained, "When most defrauded investors and companies first learn of what has been wrongfully done to them, they usually become angry and begin by seeking recourse by involving attorneys and/or governmental entities. Then, after a while, some also contact the media to try to get public exposure of the fraud and defrauders. While these are all logical and commonly-taken steps, the investors then usually learn sadly that these steps alone can be very expensive, can take years of very frustrated effort, and ultimately don't achieve most of their objectives, including the return of their investment and/or other financial return."

"Far more powerful and promising is the Coordinated Armies Strategic Program," Mr. Lindsey explained further. "Under this Program, four or more major independent "Armies" move forward concurrently, with overall coordination and support by leaders of the defrauded investors and SageGroup Strategies. The four main Armies usually are the attorneys, the governmental entities, the media, and SageGroup Strategies, each providing its capabilities, credibility, relationships, resources, and other strengths. In addition, other Armies may also become involved, such as non-profit stockholder advocacy and religious organizations. Corporate swindlers and related persons are usually somewhat knowledgeable on how to avoid, delay, counter, stay ahead of, and otherwise frustrate the usual steps taken by defrauded investors' attorneys, governmental entities, and the media. However, they usually are not knowledgeable in how to recognize or deal with the strong coordinated cross-supported proactive actions and strategies of the four or more Armies of a Coordinated Armies Strategic Program."

An interesting result of this Program relates to the persons who have been E-Rex's directors and officers during the past several years. During this period these persons have been heavily blamed and attacked by many for the various actions and events that have angered so many E-Rex shareholders, including the E-Rex Mutual Group members. The official officers and directors have mainly been Don Mitchell, Carl Dilley, and Joe Pacheco. On September 23 Joe Pacheco a) met with Chris Ford, then talked further by phone; and b) twice phoned Larry Lindsey of SageGroup Strategies. Mr. Pacheco gave some very interesting papers to Mr. Ford, plus faxed many interesting papers to Mr. Lindsey. These papers include 2004 communications by Messrs. Mitchell, Dilley, and Pacheco, including all three saying that they were resigning from E-Rex at that time. However, Mr. Pacheco also provided a May 9, 2005 letter by Mr. Pacheco's attorney (responding to a SEC certified-mail Order Instituting Administrative Proceedings and Notice of Hearing for E-Rex, sent to Mr. Pacheco), stating that Mr. Pacheco's understanding is that Mr. Mitchell is "the sole party remaining in control of the company". The E-Rex Mutual Group, its attorneys, SageGroup Strategies, and others are working to determine: a) who had the fiduciary responsibilities, legal liabilities, etc. for being E-Rex officers and directors for what periods of time; and b) how best to have ongoing E-Rex directors and officers who will properly exercise their responsibilities in the best financial, business, legal, and other interests of E-Rex and its shareholders.

ADDITIONAL INFORMATION:
E-Rex Mutual Group is an organized group of angry outside shareholders of E-Rex, Inc., a publicly-held Miami-headquartered technology company. Founded in 2001, the Group has been very proactively working since then to save the Company from an entrenched group of apparent corporate swindlers and other wrongdoers.

SageGroup Strategies, Inc. is the USA's and world's largest Professional Troubled-Company Specialist firm, with over 600 professionals based in many offices located in the USA, Canada, Europe, and Asia. Its Small Public Companies Division and International Investors Division are especially knowledgeable and focused on helping small public companies get out of financial, governmental, managerial, fraud-related, and other serious trouble and moving forward well, all in the best interests of these companies and their American and foreign shareholders.

For additional information, please contact Chris Ford of the E-Rex Mutual Group. (Because he is currently traveling much, he will return phone messages left for him with Larry Lindsey at 510-8652480.) This and certain earlier E-Rex Mutual Group press releases are posted in the Articles section of the SGS website www.SageGroupStrategies.com, and some related SGS press releases are posted in the SGS General Press Releases section of that website.