CLEVELAND, June 9, 2005 (PRIMEZONE) -- AuGRID Corporation (Pink Sheets:AGRI) announces the completion of a production prototype of its Home Entertainment PC Gaming System. This system will be combined with its Internet Audio System. In addition, AuGRID has reached out to Microsoft Corporation (Nasdaq:MSFT) in a possible collaboration on its Internet audio device. AuGRID is hopeful that this device will reduce the amount of music theft globally and is looking to launch the product in collaboration with Microsoft within the next 90 days.
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.