SOURCE: Augrid Global Holdings Corporation

January 08, 2008 09:00 ET

Augrid Expands Consumer Products Growth Strategy With Juice Company

VINELAND, NJ--(Marketwire - January 8, 2008) - Augrid Global Holdings Corp. (PINKSHEETS: AGHS) has announced today that it is in the final stage of negotiations to acquire a leading developer of products that serve the rapidly growing citrus and vegetable juice consumer markets. The company states that it is making this move to take advantage of the trend nationwide and globally toward the consumption of beverages widely recognized to be health promoting.

This intended new acquisition is part of Augrid's overall diversification plan to build shareholder value by focusing on businesses that serve multiple consumer interests. The juice company has a fifty-year history in this business, with a customer base that has included Wal-Mart and other leading supermarket chains, as well as overseas markets in Central and South America.

The planned acquisition of the juice company by Augrid will be accomplished with an exchange of shares and debt instruments. Augrid management is highly optimistic about the conclusion of this acquisition and the revenue opportunity inherent in another significant presence in a consumer-oriented product category.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Augrid Global Holdings 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.

Contact Information

  • Contact:
    Investor Relations:
    ATG Capital Solutions
    Amanda Flores
    7 North 6th Street
    Vineland, NJ 08360
    Telephone: (858) 764-1820