AuGRID Bids to Acquire Microelectronics Manufacturer; Plans for Expansion into Microelectronics.Business Editors/High-Tech Writers CLEVELAND--(BUSINESS WIRE)--Jan. 27, 2003 AuGRID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AGRD), a manufacturer and distributor of high-tech electronic display devices, announces it has initiated the bidding process for a private California based microelectronics company in order to expand its existing microelectronics endeavors. AuGRID's management team believes the proposed acquisition will catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). its existing technologies to the forefront of the competitive high-tech electronic display field, as well as drive opportunities in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. which is growing increasingly dependent on the microelectronics field for use of on-board On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard. Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example: The targeted acquisition currently performs small contract manufacturing along with cutting-edge hybrid circuit A circuit that contains different types of circuitry or chips. See mixed signal and hybrid microcircuit. and prototype design. AuGRID expects to complete the transaction by the end of February 2003. AuGRID Corporation, Inc., is a technology-based organization engaged in the manufacturing and distribution of high-tech electronic display devices. AuGRID is committed to the production of world class American-made 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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