AuGRID Signs Exclusive Representation Agreement with DiModica and Associates

    CLEVELAND--April 30, 2003--AuGRID Corporation (OTCBB:AGRD) announces the signing of an exclusive representation agreement with DiModica and Associates.
    DiModica and Associates, Florida's 2nd largest rep firm with $10 million in annual sales, has signed with AuGRID's distribution subsidiary to implement a new marketing strategy in the Southeastern United States and the Caribbean. DiModica and Associates deals primarily in the systems integration market, including the CEDIA, NSCA and NAB segments.
    "This provides an established outlet for AuGRID's Distribution subsidiary to display its products," said MJ Shaheed, President of AuGRID Corporation. "AuGRID's high-end products fit naturally with DiModica's marketing savvy and proven track record."
    AuGRID's distribution subsidiary delivers next generation LCD and plasma displays for end users in consumer and commercial electronic markets.
    AuGRID Corporation is a technology-based organization engaged in the distribution and development of electronic and display devices. AuGRID is committed to the production of products that are exclusively designed to change the way people see things.

    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," "will," "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.