AuGRID Secures Commitment from South African Development Committee; Pursues Partnership for Global Manufacturing.

Business Editors/High-Tech Writers

CLEVELAND--(BUSINESS WIRE)--Feb. 25, 2003

AuGRID Corporation (OTCBB:AGRD), a distributor and future manufacturer of high-tech electronic display devices, announces today it has received a commitment from the visiting South African Development Committee to return to the United States next month to present a partnership for global manufacturing.

Dr. Auxilia Goromonzi, working with the Gauteng Economic Development Association (GEDA) and alongside AuGRID management for several months, has been able to coordinate the joint project and will now select South African investment partners from a pool of ten and under the advisement of the Industrial Development Corporation as well as the GEDA.

"We've been confident all along the relationship would mature and create significant opportunities for both the South African government and AuGRID," stated M.J. Shaheed, President and CEO of AuGRID Corporation. "We look forward to greeting our new partners in a meeting scheduled for next month."

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 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," "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, 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.