CLEVELAND, June 13, 2005 (PRIMEZONE) -- AuGRID Corporation's (Pink Sheets:AGRI) CEO MJ Shaheed was among the record numbers that attended InfoComm '05 in Las Vegas, Nevada (www.infocomm.org). Shaheed joined professionals from more than 80 countries to see and discuss the latest technologies in display, audio, collaborative conferencing, networking applications and more.
In addition, Mr. Shaheed's primary focus was to investigate technology that can be utilized short term and add a cost savings to the bottom line in the areas of communications and travel. As a result, the Cisco Systems, Inc. (Nasdaq:CSCO) Voiceover IP system for video-conferencing will be implemented at the company's head-quarter office in Cleveland, Ohio, due to the most recent expansion in the UAE. The suspected savings will be tremendous on the bottom line and is in line with the company's reorganization.
AuGRID Corporation and its subsidiaries are technology based organizations.
Forward-Looking Statement: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID 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.