AUGC NEWS!!! LOI Signed w/ $3Million Revenue Co.!!!
8K Promised for Monday!!! (even though they got date wrong, D'oh!!!)
AUGC news!!
AuGRID Global Holdings Corporation Phase One
Shareholder Update
Sep 21, 2006 10:18:00 AM
2006 PrimeZone Media Network
VINELAND, N.J., Sept. 21, 2006 (PRIMEZONE) -- AuGRID has signed the letter of intent with a company that has just shy of three (3) million in annual revenues as promised in our last update to our shareholders. My visit to this operation was twofold: Phase one being its location, seeing its staff but, primarily to review its books, IRS filings, and bank statements. AuGRID placed a deposit and set terms for the acquisition. Phase two starts next week when the accounting firm AuGRID has chosen has been fully engaged to review the work papers and further prepare the acquisition target's financial data to public standards. The final phase, of course, is to have these items reviewed and approved by AuGRID's Auditing firm Malone and Bailey.
Every acquisition target will go through the same rigorous process to meet the standard set forth by the commission and trading exchanges.
There will be many future updates on the progress of potential targets for acquisition, AuGRID will only mention the items that are noteworthy, in any Corporation the picture is never always rosy, but AuGRID will maintain the standard in delivering its news good or bad. Finally, AuGRID Corporation wishes to thank the long time and the short term believers of this company. It has been a relentless and ruthless struggle against thieves and a corporation that has outright stolen $250,000.00 in Plasmas from AuGRID in the recent past, that crippled the firm from launching its Optipure line in '04, but we get up and fight again and re-launch the product. Learning from the previous losses, AuGRID will use every tool available by law to fight, and as a true contender will never stop, in short we are working towards a revenue and profit model that fits the uniqueness of AuGRID and the standards of the market. I can do nothing else but tell my shareholders of my gratitude, but the investment community likes winners and profits, and we intend to do just that. Upon completion of our web site, we would like for our shareholders to vote for a non-profit organization that AuGRID should donate some percentage of its profits to whenever we arrive at that point. Next stop, China to visit Hong Kong Office and view two acquisition targets utilizing the same process as aforementioned, our partners Primergy International Hong Kong Ltd have began bidding for two targets on AuGRID's behalf that would bring big profits to this organization. An 8K will be filed Monday, September 24th, 2006. That is all for now. AuGRID will release more information soon.
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," "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.
CONTACT: AuGRID Corporation Staff
(856) 205-0856
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