First Wall Street Group, Inc. Finalizes Agreement for Acquisition by AuGRID Global Holdings Corporation
December 07 2009 - 9:42AM
Marketwired
(PINKSHEETS: AGHD) AuGRID Global Holdings Corporation announces
today that it finalized a purchase agreement to acquire First Wall
Street Group Inc. (FWSG). The Company also intends to update their
status and financial information on the Pink Sheets Electronic OTC
Markets website shortly.
The acquisition includes significant synergistic capabilities
and alliances consistent with the hard assets, proprietary software
and integrated business plan of both companies. FWSG remains
largely focused on immediate business opportunities in software
development and the FOREX marketplace.
FWSG seeks to provide investors a system of margin trading,
creating an opportunity for investors to maximize profits from
relatively low initial capital requirements. FWSG immediately opens
the doors for clients to trade in the largest currency marketplace
in the world and would typically retain a percentage of the
absolute value of the trade contract.
Currency analysts at the First Wall Street Group Inc. provides
investors with advantageous market knowledge attained through
exhaustive research and development. The company's analytical
resources track shifting economic and political events around the
globe. FWSG combines real-time information with fundamental
investment principles to guide trading directions and successful
strategies.
FWSG offers a professional trading curriculum, enabling their
clients to trade in all of the currency markets. FWSG provides an
Independent Currency Consultant program (ICC) to help their clients
obtain a full-time or part-time income immediately.
To assist clients even greater, First Wall Street Group Inc.'s
provides a "no dealing" desk. This aims to provide transparent and
fair execution. Every trade is executed back to back with premiere
banks and/or financial institutions competing to provide FWSG with
the most up to date bid and ask prices. The trading platform is
tested in a small-market condition, routinely handling over 10,000
trades per day in their primary target market of Korea.
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 First Wall Street Group Inc., 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 First Wall Street Group Inc. 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. First
Wall Street Group Inc. 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.
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CONTACT: AuGRID Global Holdings Corp. Investor Relations (713)
821-1755 After market close (786)-375-0556
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