AuGRID Subsidiary Secures Contractual Agreement With Industry Leader.

Business Editors

CLEVELAND--(BUSINESS WIRE)--Oct. 15, 2003

AuGRID Corporation's (OTCBB:AGRD) subsidiary, Alysium Corporation, (www.alysiumcorp.com) has been contracted by The Delphi Groupe, Inc., of Austin, TX. The Delphi Groupe provides consulting and personnel placement services to management at commercial and nuclear facilities and the Department of Energy as well as Technical Services in the environmental health and safety areas to engineering and information technology companies. Delphi's clients have included but are not limited to Bechtel Nevada, Los Alamos National Laboratory, Lawrence Livermore National Laboratory, Tyco, First Energy, Department of Energy, Sandia National Laboratory, Pantex Plant, Texas Workforce Commission, University of Texas, Vanderbilt University, Emory University. Alysium will provide technical and support services on specific projects.

Alysium manufactures and distributes a new generation of thermocouples as well as nanotechnology and the implementation of silicon carbide tools. Alysium's Product Linecard includes: -- Eurotherm Drive & Control -- Marathon Motors -- Baldor Motors -- Leeson Motors -- Eurotherm Temp Controls -- ACI Controls -- IKO Bearings -- Keyence -- Red Lion -- Anver. These products and the ability to manufacture with silicon carbide, a material with outstanding physical properties, make this Alysium's core strength. This technology in combination with Alysium's diverse engineering and technical services expertise has unlimited applications in industries including but not limited to automotive, aerospace, defense, plastics and petroleum.

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 nanoparticle 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," "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.