AuGRID Adds Microelectronics Division and Design Facility.Business Editors/High-Tech Writers CLEVELAND--(BUSINESS WIRE)--March 3, 2003 AuGRID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGRD), a distributor and future manufacturer of high-tech electronic display devices, announces it has solidified so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. the addition of a private 8,000 sq. ft. manufacturing facility and set up a Microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. Division. AuGRID Microelectronics, a California operation, will complete circuitry design, supply microelectronic prototypes, and perform contract manufacturing. "This will substantively expand our ability to penetrate the market and achieve a competitive advantage in the area of microelectronic devices," said M.J. Shaheed Noun 1. shaheed - Arabic term for holy martyrs; applied by Palestinians to suicide bombers Arabic, Arabic language - the Semitic language of the Arabs; spoken in a variety of dialects martyr, sufferer - one who suffers for the sake of principle , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AuGRID Corporation. "This manufacturing and design facility will put AuGRID in a position to generate revenue in an industry currently exceeding 100 billion dollars." AuGRID Corporation, Inc., is a technology-based organization engaged in the distribution and future manufacturing of high-tech electronic display devices. AuGRID is committed to the production of world class products that are exclusively designed to change the way people see things. Please visit http://www.augridcorp.com/. FORWARD LOOKING STATEMENT: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , 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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