SOURCE: AUGRID Global Holding Corporation

AuGRID Global Holding Corporation

January 04, 2010 09:00 ET

J & K Futures, Inc. Finalizes Agreement for Acquisition by AuGRID Global Holdings Corporation

HOUSTON, TX--(Marketwire - January 4, 2010) - AuGRID Global Holdings Corporation (PINKSHEETS: AGHD) announces today that it finalized a purchase agreement to acquire J & K Futures Inc. The Company updated their status and financial information on the Pink Sheets Electronic OTC Exchange. As a result the stop sign was removed. Management is aggressively pursuing the removal of the limited sign in the near future.

J & K Futures provides investors a system of margin Forex trading, creating an opportunity for investors to maximize profits from relatively low initial capital requirements. AuGRID intends to immediately combine J & K Futures with our previous acquisition First Wall Street Group.

The acquisition includes significant synergistic capabilities and alliances consistent with the hard assets, proprietary software and an integrated business plan of both companies. J & K Futures and First Wall Street Group.

AuGRID Global Holdings will continue to focus on acquiring synergistic companies. Currently AuGRID Global Holdings has four additional acquisitions under review by securities counsel and AuGRID's corporate investigator. Upon Completion of the scheduled due-diligence each acquisition will bring an increase in assets, revenue, broader management, and intended increase in Shareholder value.

About AuGRID Global Holdings Corporation

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.

Cautionary Statement Regarding Forward-Looking Statements

This communication includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 that involve numerous risks and uncertainties. The statements contained in this communication that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including, without limitation, statements regarding the expected benefits and closing of the proposed merger, the management of the company and the company's expectations, beliefs and intentions. All forward-looking statements included in this document are based on information available to AuGRID Global Holdings Corporation on the date hereof. In some cases, you can identify forward-looking statements by terminology such as "may," "can," "will," "should," "could," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "goals," "projects," "outlook," "continue," "preliminary," "guidance," or variations of such words, similar expressions, or the negative of these terms or other comparable terminology. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition. Accordingly, actual results may differ materially and adversely from those expressed in any forward-looking statements. Neither J & K Futures, AuGRID Global Holdings Corporation, or any other person or entity can assume responsibility for the accuracy and completeness of forward-looking statements. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements, many of which are beyond the control of either J & K Futures or AuGRID Global Holdings Corporation. These factors include: failure to consummate or delay in consummating the transaction for other reasons; changes in laws or regulations; and changes in general economic conditions. J & K Futures and AuGRID Global Holdings Corporation undertake no obligation (and expressly disclaims any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information please refer to the parties' public information filings.

Contact Information


    AuGRID Global Holdings Corp.
    Investor Relations:
    Craig Fischer