MIAMI, Nov. 6, 2001 (PRIMEZONE) -- E-Rex, Inc. (OTCBB:EREX) announced today that Mitch Ackles has joined the company as the Director of Corporate Communications. Mr. Ackles will be responsible for shareholder communications as well as planning and directing larger-scale investor and media relations' initiatives.
"We are pleased to welcome Mitch, who has broad experience in managing public relations programs in the technology, software and financial services industry," commented E-Rex President, Carl Dilley.
Prior to joining E-Rex, Mr. Ackles served as Manager of Public Relations for TradeStation Group in Miami. While at TradeStation Group, his efforts resulted in recognition of the company by CNBC, CNNfn, Barron's, The Wall Street Journal, USA Today, Investors Business Daily, Forbes and Business Week. He also generated targeted-product features in dozens of investing books and magazines. In addition, he has provided pro bono communications counsel to local and national non-profit charitable organizations.
E-Rex Announces New Investor Communications Policy
E-Rex is announcing today a new investor communications policy. As a result of the addition of Mr. Ackles, the recent filing of a Form SB-2 registration statement with the Securities and Exchange Commission, the increase in inquiries by telephone, fax and e-mail from shareholders, and the consistent errors in quotes of E-Rex management on Internet chat boards, the Company is announcing today that all communication with existing shareholders will be handled through one central office headed by Mr. Ackles. All inquiries and phone calls addressed to Carl Dilley, the President of E-Rex, will be forwarded to Mr. Ackles and responded to in the order received.
"It is unfortunate that we as a Company have to take this step to be more formal about our shareholder communications. But due to the flood of repetitive requests from a few shareholders, I am unable to properly focus my time and attention on the Company, and am forced to delegate the shareholder communications duties to Mitch Ackles," stated Mr. Dilley. "Mr. Ackles will respond to inquiries in the order they are received, so the amount of time required to respond to legitimate inquiries may be delayed as he sorts through the many requests received daily from shareholders. We apologize in advance for any delays as we formalize this process."
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.