AGRD:AuGRID Nets 1.5 M from Investment Banking Evaluation Agreement
Business Editors
CLEVELAND--(BUSINESS WIRE)--Sept. 30, 2003--AuGRID Corporation
(OTCBB:AGRD) announces that as a result of options exercised as part
of two investment banking agreements with Dan Rubin and Rubin
Investment Group, (www.rubininvestmentgroup.com) the company has net
$1.5 million in cash.
In two contractual agreements, AuGrid Corporation utilized the
resources of Rubin Investment Group to obtain the tools necessary to
execute part of its business plan. Rubin specializes in providing
financing and business guidance to small-cap public companies.
"We have secured growth capital for our company and its
subsidiaries in an adverse market and economy," stated M.J. Shaheed,
President of AuGRID Corporation. "This solidifies our current
progressive development and will enable us to achieve success for
AuGrid and our shareholders."
AuGRID Corporation is a technology based organization,
specializing in the manufacturing, 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.
--30--SLB/cl*
CONTACT: AuGRID Corporation
Mary Horoszko, 216-426-1589 x12
Website:http://www.augridcorp.com/
KEYWORD: OHIO
INDUSTRY KEYWORD: SOFTWARE HARDWARE COMPUTERS/ELECTRONICS
SOURCE: AuGRID Corporation
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Sep-30-2003 15:49 GMT
Symbols:
US;AGRD
Source BW Business Wire
Categories:
MST/I/CPM MST/I/SOF MST/R/US/OH TGT/BWN |
