HOUSTON, TX--(Marketwire - January 26, 2009) - AUGRID Global Holdings Corp. (PINKSHEETS: AGHG) is a holding company dedicated to acquiring and managing ownership interests in a diverse range of businesses.
Augrid Global Holdings signs an Intellectual Property License with Carbon Composite Technologies LLC, a division of Carbon Fiber Corporation. The intellectual property agreement allows for manufacturing, marketing and distribution of state-of-the-art heating products that use substantially less consumption of electricity. We consider this product to be a green product and one that can immediately and practically affect the bottom line of the average American household. "This product is at the commercialization stage and is ready to move to the safety trials and gain the safety compliance standards required in order to manufacture and sell in the United States," states MJ Shaheed.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995...
