J & K Futures, Inc. Finalizes Agreement for Acquisition by AuGRID Global Holdings Corporation
January 04 2010 - 9:00AM
Marketwired
AuGRID Global Holdings Corporation (PINKSHEETS: AGHD) announces
today that it finalized a purchase agreement to acquire J & K
Futures Inc. The Company updated their status and financial
information on the Pink Sheets Electronic OTC Exchange. As a result
the stop sign was removed. Management is aggressively pursuing the
removal of the limited sign in the near future.
J & K Futures provides investors a system of margin Forex
trading, creating an opportunity for investors to maximize profits
from relatively low initial capital requirements. AuGRID intends to
immediately combine J & K Futures with our previous acquisition
First Wall Street Group.
The acquisition includes significant synergistic capabilities
and alliances consistent with the hard assets, proprietary software
and an integrated business plan of both companies. J & K
Futures and First Wall Street Group.
AuGRID Global Holdings will continue to focus on acquiring
synergistic companies. Currently AuGRID Global Holdings has four
additional acquisitions under review by securities counsel and
AuGRID's corporate investigator. Upon Completion of the scheduled
due-diligence each acquisition will bring an increase in assets,
revenue, broader management, and intended increase in Shareholder
value.
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 J & K Futures, 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 J & K Futures 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. J & K Futures 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.
CONTACT: AuGRID Global Holdings Corp. Investor Relations: Craig
Fischer www.EquityDigest.com (786)-375-0556
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