VINELAND, N.J., Aug. 31, 2006 (PRIMEZONE) -- The AuGRID/Primergy Hong Kong collaboration has identified two entities for targets of acquisition; Primergy has started negotiations on behalf of AuGRID. In total there are three such companies of interest: two in China, and one local. Management's encouragement arises from possibilities due to an asset, revenue and profit change if acquired, that could result in qualification for placement on a different exchange. The corporation's acquisition targets in question gross no less than $2.5 million per fiscal annum minimum. "We look forward to updating you with a progress report soon," states M.J. Shaheed, who will be visiting one of the acquisition targets within the next two weeks to review fiscal data that will be prepared for the accounting and PCAOB certification process. The remaining companies of interest are in China, which Primergy is working the preliminaries on the accounting and regulation compliance for the U.S. markets.