SOURCE: Augrid Global Holdings Corporation

April 29, 2008 09:30 ET

Augrid Global Holdings Corporation Completes First in a Series of Target Acquisitions

HOUSTON, TX--(Marketwire - April 29, 2008) - AUGRID Global Holdings Corp. (PINKSHEETS: AGHS), a holding company dedicated to acquiring and managing ownership interests in a diverse range of businesses, has completed the first of several planned acquisitions to be executed this year.

Augrid Global Holdings finalized its acquisition and received all final executed binding documents.

This initial acquisition in its final form was constructed using a combination of debt and equity. Augrid Global Holdings is honored to inform its shareholders and the general public that Avatar design and manufacturing company was the company acquired.

Avatar specializes in the manufacture of Citrus and vegetable juicing machines, The corporation's CEO has a 50+ year history in the business of manufacturing these machines. They first began to manufacture machines in 1947. A sub sequential machine manufactured in that era is still in operation today, giving testament to the made-in-American quality of manufacturing. Augrid's immediate goal is to utilize the existing and former client base and develop new clients through venues such as Home Shopping Network, QVC and other similar venues. Management feels that we have an edge in manufacturing in the United States due to the devaluated dollar against the Euro which gives our product a competitive price point in the global Market and puts Americans to work. It is important for our current shareholders to understand that Augrid will work with Avatar's management to strike a careful balance between export, high standard of quality, and profitability.

We encourage you to visit our website and click on the link under the acquisitions tab to see the genesis of Avatar design and manufacturing company.

It is very prudent for the investors and the public to investigate the fresh juice machine market and become knowledgeable about the profits and the growing market potential and what has happened historically.

Augrid's vision is clear: superior products, aggressive market share tactics and future expansion into consumables, while delivering results to our valued shareholders.

AUGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AUGRI 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
    5847 San Felipe Rd
    Houston, TX
    Telephone: (858) 764-4427