AuGRID Subsidiaries Continue To Develop And Extend Customer Base.HOUSTON -- AuGRID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGRD) affirmed today a positive outlook for the Company's third quarter based on recent business development of its subsidiaries, Alysium Corporation and OptiPure LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . AuGRID Corporation develops, manufactures and distributes electronic and display devices, thermocouples, silicon carbide silicon carbide, chemical compound, SiC, that forms extremely hard, dark, iridescent crystals that are insoluble in water and other common solvents. Widely used as an abrasive, it is marketed under such familiar trade names as Carborundum and Crystolon. tools and specialty industrial products. The Company forecasts a helpful boost due to contributions from OptiPure. Revenue from recent sales of the subsidiary's plasma screens will be reflected on the upcoming quarter report. The Taste of Houston Restaurant & Bar (in Stafford, Texas Stafford is a city in the U.S. state of Texas within the Houston–Sugar Land–Baytown Metropolitan Area. Stafford is mostly in Fort Bend County with a small portion in Harris County. As of the 2000 U.S. Census, the city population was 15,681. ) is the latest commercial customer to choose the Optipure product over the competition. In addition, Alysium Corporation has delivered on several projects: In recent days, Alysium Corporation has delivered on an engineering project to make commercial mixers safer for workers and comply with mandatory regulations established by the Occupational Safety and Health Administration Occupational Safety and Health Administration (OSHA), U.S. agency established (1970) in the Dept. of Labor (see Labor, United States Department of) to develop and enforce regulations for the safety and health of workers in businesses that are engaged in interstate (OSHA OSHA n. Occupational Safety and Health Administration, a branch of the US Department of Labor responsible for establishing and enforcing safety and health standards in the workplace. ). The project was initiated after SG Mexican Foods (www.ellago.net) had an incident in which an employee was injured due to a mixer not being able to stop fast enough. SG Mexican Foods is a manufacturer of Tortillas and Tortilla chips with Austin Independent School District Austin Independent School District is a school district that is based in the city of Austin, Texas. It was established in 1881. Its current Superintendent is Dr. Pascal D. Forgione, Jr. Austin ISD serves most of the city of Austin with an enrollment of 78,000 students. as a primary customer. Alysium's design allows for future upgrades or improvements such Automatic Cycle Timer, Automatic Load dumping, and Audible and Visual Notification of Completed Cycle. This project shows the versatility of the equipment used as well as the insistence on meeting customer deadlines and solving customer needs. Rex Little, Alysium's division head, stated, "It is Alysium's belief that in doing this, the Company can not only gain market share, but distinguish itself from its competition and become a nationally recognized solution provider and distributor." In addition, Alysium has completed the installation of additional shelving shelv·ing n. 1. Shelves considered as a group. 2. Material for shelves. 3. An incline; a slope. shelving Noun 1. material for shelves 2. and fencing at its Austin facility -- instrumental for inventory control during expansion. As new sales tools -- such as ecommerce and catalogs -- increase the sales volume, the demand for strict control will be critical in eliminating mistakes in shipment and inventory count. Building security is being upgraded and barcode systems are being implemented to allow for an up-to-date inventory count and an auto-reorder system to maintain stocking levels. "We are preparing for the growth expected due to existing and future contractual obligations, while leaving flexibility for future expansion and upgrades," Added Mr. Little. About AuGRID Corporation 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 specialty industrial products Legal Notice Legal Notice Regarding 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. : "Forward-looking Statements" as defined in 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 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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