E-REX MUTUAL GROUP ANNOUNCES MAJOR ALLIANCE WITH JOE PACHECO, FORMER E-REX DIRECTOR AND OFFICER AND A LARGE E-REX SHAREHOLDER
Miami, FL; Los Angeles, CA; and New York City, NY -- September 30, 2005.
The E-Rex Mutual Group (of angry E-Rex shareholders) announces a major
alliance with Joe Pacheco, former E-Rex director and officer and a large E-Rex
shareholder.
Mr. Pacheco stated, "I look forward
to working closely with the E-Rex Mutual Group, SageGroup
Strategies, and others in the major joint effort to do what
is in the best interests of E-Rex and its shareholders and
other involvees. As a former E-Rex director (beginning October
2001) and officer (Chief Operating Officer) (beginning in
late 2002) until April 2004, I learned and experienced much
as to the positives and negatives of E-Rex during that period
of time. My associates and I now want to ally ourselves
closely with others who are strongly seeking to remedy past
E-Rex problems and move the company forward. I have had
several discussions with E-Rex Mutual Group leader Chris
Ford, SageGroup Strategies Managing Director Larry Lindsey,
and others, and they and I all believe that this new alliance
will be very worthwhile for E-Rex, its shareholders, and
others."
Mr. Pacheco continued, "My associates
and I have always believed that E-Rex could accomplish much
if it had sufficient managerial, financial, and other important
resources. It was very sad and frustrating to me that E-Rex
did not have these. And, as only one of the three directors
and officers at that time, I was limited as to what I could
try to do about these problems. Now, the circumstances have
changed, with many persons and other entities now moving
forward with strength and momentum in the best interests
of E-Rex and its shareholders. My associates and I are pleased
to be part of this powerful coordinated program of shareholders,
attorneys, governmental entities, media, SageGroup Strategies,
and others."
Chris Ford, an E-Rex Mutual Group leader,
added, "We are very pleased that Joe Pacheco and his
associates will be close allies as another part of the overall
"Coordinated Armies Strategic Program" in the
best interests of E-Rex, its shareholders, and others. As
a former E-Rex director and officer, Joe possesses much
unique knowledge and input that will be very helpful. In
addition, as a large shareholder, he is very focused on
what is in the best financial, business, legal, and other
interests of all E-Rex shareholders. Joe, Larry Lindsey,
others, and I have had many discussions about E-Rex, and
it is great that we are all working together."
Larry Lindsey, SageGroup Strategies' senior person in this
situation, emphasized, "This alliance can be significant
for this E-Rex situation moving forward well. For four years
Chris Ford and other E-Rex Mutual Group members have been
working very hard on this situation, with Chris working
especially long and hard hours, often 7 days/week. This
has been a tremendous dedicated effort, and there are increasing
accomplishments and other positive results this year. And,
Joe and his associates bring alot more to the situation.
The combined efforts are already creating increased momentum
forward in this end-game for the best interests of E-Rex
and its shareholders. And, many of these positive results
will also benefit other similar-situations companies and
their 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 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.