News & Press Release



AuGRID Global Holdings Corporation Declines Merger With Silver Star Capital Holdings, Inc.

Press Release Source: AuGRID Global Holdings Corporation On Friday June 26, 2009, 3:04 pm EDT

HOUSTON, June 26, 2009 (GLOBE NEWSWIRE) -- AuGRID Global Holdings Corporation (Pink Sheets:AGHD - News), announced today that its shareholders and management rejected the merger with Silver Star Capital Holdings, Inc. (Pink Sheets:SSTA - News). The transaction was subject to final negotiation, execution of a definitive merger agreement and the approval of both AuGRID and Silver Star shareholders. In these final negotiations the two Companies were not able to agree on all deal points. "It is a disappointment," says MJ Shaheed. "I looked forward to working with a good and efficient team."

AuGRID has cancelled all divestitures of its partially-owned subsidiaries Avatar Design and Manufacturing; its Intellectual Property License Agreement with CF Ballistics, Inc; and has re-engaged its planned acquisition of a Halal meat processing plant. The Meat processing plant is the primary focus. AuGRID will take ownership percentages blocks over a period of time until there is controlling interest in the acquisition target, after which the corporation's secondary focus will be to expand the processing plant's current production to twice the current output.

About AuGRID Global Holdings Corporation

AuGRID Global Holdings Corporation is a holding company which seeks to acquire ownership interests in a diverse range of operating business. Visit www.augridcorp.com for more information.

Forward-Looking Statements

This news release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements regarding our estimation of the benefits of this transaction, and the potential upside for the environmental industry. Risks and uncertainties that could cause results to differ materially from those projected include inability to negotiate and close a formal merger agreement, lack of sufficient stockholder approval for the transaction, unforeseen complications related to legal or regulatory issues and other uncertainties. These forward-looking statements represent our beliefs as of the date of this press release and we disclaim any intent or obligation to update these forward-looking statements.



Augrid Global Holdings Corporation Signs Intellectual Property License Agreement With Carbon Composite Technologies LL.


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. 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.



Augrid Global Holdings Signs Intellectual Property License Agreement With CF Ballistics Inc.


HOUSTON, TX--(Marketwire - January 12, 2009) - Augrid Global Holdings Corp. (PINKSHEETS: AGHG), a holding company dedicated to acquiring and managing ownership interests in a diverse range of businesses. Augrid Global Holdings signs Intellectual Property License with CF Ballistics, a Delaware Corporation. Augrid will utilize test data on previously developed anti-ballistic technology and combine it with CF Ballistics carbon fiber technology to manufacture a light weight superior anti-ballistic moldable product with cutting edge manufacturing process. Augrid and CF Ballistics will work together with particular Universities in order to expedite manufacturing controls, processes and finishing details for this range of counter ballistic hardware. Testing of the new hybrid plates will start soon in Texas.


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.



Augrid Global Holdings Corporation Re-Negotiates Terms of Acquisition for Meat Processing Company


HOUSTON, TX--(Marketwire - January 5, 2009) - AUGRID Global Holdings Corp. (PINKSHEETS: AGHG), a holding company dedicated to acquiring and managing ownership interests in a diverse range of businesses, re-negotiated very favorable terms for the Halal meat processing plant acquisition, to acquire 100% ownership and the rights to US and International expansion for multiple products and distribution, as opposed to an earlier 51% stake in that company. Management agrees with securities counsel that at a pre determined time Augrid will become reporting by filing the proper documents to be listed to the OTCBB. This acquisition, once complete, will allow AGHG to make that vertical move.


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.



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