SOURCE: Avatar Design and Manufacturing

October 15, 2008 09:00 ET

Avatar Design and Manufacturing Corporation Signs Three Distributors to Sell Newly Designed F-5 Juicer in the United Kingdom and Specific Target Markets Within the United States

BROOKLYN, NY--(Marketwire - October 15, 2008) - Avatar Design and manufacturing Corporation is a manufacturing company dedicated to the design and manufacturing of commercial high end fruit and vegetable juice machines that produce fresh juice.

Avatar Design and Manufacturing signs distribution agreements with three experienced distributors to market and sell the F-5 Juice machine and additional products under development to the global commercial markets.

Avatar Design and Manufacturing Corporation is a subsidiary of AuGRID Global Holdings Corp. (PINKSHEETS: AGHO). In the past 24 hours Avatar has signed three experienced distributors to market and sell the F-5 juicer in the United States and the United Kingdom. "Avatar and its parent company are very excited about the 75 years of combined experience being added to the Avatar team," stated CEO Stewart Nelson.

The newly acquired distributors are fully experienced in marketing, sales and service of commercial juice machines. Each distributor's territories will include the United Kingdom, New York, New Jersey, Connecticut, and Florida. "This is a large and profitable coverage area," stated CEO Stewart Nelson.

Avatar Design and Manufacturing Corporation, as mentioned in the aforementioned paragraph is a subsidiary of AuGRID Global Holdings Corp. (PINKSHEETS: AGHO) and would like to update the shareholders of further developments regarding its securities. It has come to the attention of the directors and management that a naked short has occurred against the parent company. The parent company is aware of this activity and has filed a written complaint with the appropriate governmental authorities.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Avatar design and manufacturing (A.K.A.) Citrus OP J 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 Avatar 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 Avatar Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in the parent company's Corporate filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and Avatar 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
    Amanda Flores
    Telephone: (858) 764-4427