AuGRID Global Holdings Corporation Declines Merger With Silver Star Capital Holdings,...

AuGRID Global Holdings Corporation Declines Merger With Silver Star Capital
Holdings, Inc.

HOUSTON, June 26, 2009 (GLOBE NEWSWIRE) -- AuGRID Global Holdings Corporation
(Pink Sheets:AGHD), announced today that its shareholders and management
rejected the merger with Silver Star Capital Holdings, Inc. (Pink Sheets:SSTA).
The transaction was subject to final negotiation, execution of a definitive
merger agreement and the approval of both AuGRID and Silver Star shareholders.
In these final negotiations the two Companies were not able to agree on all deal
points. "It is a disappointment," says MJ Shaheed. "I looked forward to working
with a good and efficient team."

AuGRID has cancelled all divestitures of its partially-owned subsidiaries Avatar
Design and Manufacturing; its Intellectual Property License Agreement with CF
Ballistics, Inc; and has re-engaged its planned acquisition of a Halal meat
processing plant. The Meat processing plant is the primary focus. AuGRID will
take ownership percentages blocks over a period of time until there is
controlling interest in the acquisition target, after which the corporation's
secondary focus will be to expand the processing plant's current production to
twice the current output.

About AuGRID Global Holdings Corporation

AuGRID Global Holdings Corporation is a holding company which seeks to acquire
ownership interests in a diverse range of operating business. Visit
www.augridcorp.com for more information.

Forward-Looking Statements

This news release contains certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
include statements regarding our estimation of the benefits of this transaction,
and the potential upside for the environmental industry. Risks and uncertainties
that could cause results to differ materially from those projected include
inability to negotiate and close a formal merger agreement, lack of sufficient
stockholder approval for the transaction, unforeseen complications related to
legal or regulatory issues and other uncertainties. These forward-looking
statements represent our beliefs as of the date of this press release and we
disclaim any intent or obligation to update these forward-looking statements.

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CONTACT: AuGRID Global Holdings Corporation
MJ Shaheed
800-380-6962
375 North Stephanie St.
Suite 411
Henderson, Nevada
89014-8909