AuGRID Corporation Investor Communication.

HOUSTON -- AuGRID Corporation (OTCBB:AGRI) is addressing the investment community today in order to clarify some of the events of the last 48 hours. Recent business development has prompted us to execute a 100:1 reverse split; effective October 7, 2004, the record number of shares issued and outstanding is at 13,272,000. This action was announced in the 14a Filing of September 16, 2004 and confirmed on September 30, 2004.

We have been overwhelmed with emails and calls from investors regarding the inability to trade and the incorrect valuation placed on the company's stock as a result of the reverse. It appears that the stock under the new symbol (AGRI) opened at a price target some twenty five percent lower then set. At this moment we are addressing this issue with NASDAQ and this matter is under investigation.

We will make a public announcement of any action taken as soon as it becomes available. Please visit our website at http://augridcorp.com or click on the SEC link for further information in regards to the company's SEC filings.

AuGRID Corporation and its subsidiaries, Alysium Corporation and Optipure, LLC, are technology based organizations, specializing in the manufacturing, distribution and development of electronic and display devices, thermocouples, silicon carbide tools and nanoparticles technology.

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.