SOURCE: Avatar Design and Manufacturing

October 16, 2008 09:00 ET

Chief Executive Officer of Avatar Design and Manufacturing Corporation Joins the Advisory Board of (PINKSHEETS: AGHO)

BROOKLYN, NY--(Marketwire - October 16, 2008) - Avatar Design and Manufacturing Corporation, a manufacturing company dedicated to the design and manufacturing of commercial high end fruit and vegetable juice machines that produce fresh juice, announced today that its CEO has joined the Advisory Board of the public parent company: AGHO.

Avatar Design and Manufacturing Corporation's CEO joins the advisory board of AuGRID Global Holdings Corporation.

Avatar Design and Manufacturing Corporation is a subsidiary of a publicly traded company (PINKSHEETS: AGHO). In a board meeting held today at 7:46pm EST, it was voted unanimously to add Stewart Nelson to the Advisory Board.

"It is the next logical progression for Mr. Nelson to be added to the advisory board due to Nelson's current CEO position of Avatar Design and Manufacturing. The decades of hands on experience in the industry, presents the question what better person to help guide the direction of the subsidiary," stated MJ Shaheed CEO (PINKSHEETS: AGHO).

In related news the board of directors and the advisory board voted a second resolution to move the Parent Corporation (PINKSHEETS: AGHO) to the OTCBB after completing the acquisition of the meat processing plant. AGHO traded on the OTCBB for four years before moving to Pink Sheets. Management and directors have conferred with securities counsel and have concluded that moving to fully reporting status is in the best interest of the shareholders and the corporation. In addition, forensic accounting has already been completed on the target acquisition. As a result AGHO.PK is in the process of selecting from a short list of P.C.A.O.B. certified auditors in anticipation of the acquisition being completed soon.

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