VINELAND, N.J., Sept. 27, 2006 (PRIMEZONE) -- AuGRID is pleased
to announce that it has arranged through its strategic partner,
Primergy International Hong Kong, a working document with a Hong
Kong based OEM to finalize the specifications of AuGRID's new
Optipure high-end Plasma HDTV Line.
Arrangements have been made for MJ Shaheed, President and CEO
of AuGRID to lead a team of technicians to travel to Hong Kong
and personally oversee the quality control process and design
specifications. The Optipure line will offer ``brand-name quality
plasma TV's at less than brand-name prices.'' This state-of-the-art
product line will be showcased on its soon to be developed e-commerce
site as well as being available in the traditional retail distribution
market.
``Electronics has always been the foundation of AuGRID and we
are very excited to have the opportunity to introduce the new
Optipure line targeted for the upcoming holiday season,'' stated
Mr. Shaheed. ``This plasma line should be a significant revenue
source for our company.''
AuGRID has already engaged a web developer to implement this
comprehensive e-commerce site for Optipure.
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