AGRD-Closed strong on PR out just before close!...Radar em..
CLEVELAND--(BUSINESS WIRE)--July 22, 2003--AuGRID Corporation
(OTCBB:AGRD) announces the completion of the analyst assessment of the
private industrial electronics company targeted for acquisition.
Consultant James McBryde of International Profits Associates, Inc.
submitted an analysis and recommendations for acceptance by AuGRID
management for presentation to the Board of Directors.
"The diligent work of this assessment has proven that this company
is one that will contribute to and enhance the foundation of AuGRID,"
stated MJ Shaheed, President of AuGRID Corporation. "We are excited
about the results and what the addition will mean to both the forward
movement of our company and most importantly, our shareholders."
Final negotiations are underway and are expected to be complete
within 30 days.
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.
AuGRID is committed to the production of products that are exclusively
designed to change the way people see things.
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.
--30--JAM/cl*
CONTACT: AuGRID Corporation
Mary Horoszko, 216-426-1589 x12
Website: augridcorp.com |
