VINELAND, N.J., Nov. 3, 2006 (PRIMEZONE) -- AuGRID announces
that it has set the required deposit for its custom Optipure monitors
and is working diligently on expediting the e-commerce development
to initiate the sale of the Optipure brand units.
In addition and at the advice of company management and its business
advisors and based on its reorganization efforts, AuGRID's Board
of Directors has voted to immediately withdraw the following information
from its business ventures: Windham Resources, Alysium Corporation,
Pro PTC, Barons Capital, armour plating, nanotechnology and thin
cathode ray tube. The primary reason for this action is to allow
the company to harness all its resources toward completing the
recently announced acquisitions, both domestic and abroad, as
well as aggressively pursue the rapid development of the Optipure
TV division.
CEO M.J. Shaheed stated, ``We regret having to abandon what we
still believe are excellent growth industries. However, in light
of the exciting opportunities recently made available to us and
with the burgeoning growth of the plasma tv market, we feel it
is in the company's best interest to channel all our efforts directly
at achieving our immediate
objectives. We stand now, with even further resolve to deliver
a viable emerging growth company to our loyal shareholders in
2007.''
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
Source: AuGRID Corporation