AuGRID Completes Acquisition of Private Industrial Electronics Company
WEDNESDAY, AUGUST 20, 2003 3:25 PM
- BusinessWire
CLEVELAND, Aug 20, 2003 (BUSINESS WIRE) -- AuGRID Corporation (AGRD) announces it has completed the acquisition of a private industrial electronics company located in Austin, Texas. All details on the company that currently serves the silicon carbide and high accuracy thermo couple markets will be released on September 21, 2003.
"The completion of the acquisition is an important first step, it clearly represents the next step for AuGRID repositioning itself as a global contender in the electronic markets," said M.J. Shaheed, President of AuGRID Corporation.
AuGRID's distribution subsidiary delivers next generation LCD and plasma displays for end users in consumer and commercial electronic markets.
AuGRID Corporation is a technology-based organization engaged in the distribution and development of electronic and display devices.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: AuGRID Corporation
AuGRID Corporation
Mary Horoszko, 216/426-1589 x12
Website: augridcorp.com
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