First Wall Street Group, Inc. Agrees to Acquisition by Augrid Global Holdings Corporation

Top Quote First Wall Street Group Inc. (FWSG) announced today that it is finalizing a purchase agreement to be acquired by AuGRID Global Holdings Corporation (Symbol AGHD.PK). End Quote
  • (1888PressRelease) November 24, 2009 - LOS ANGELES, CALIFORNIA - First Wall Street Group Inc. is a member of the National Futures Association, Commodities Futures, and the Trading Commission Advisory Board since December of 2002. FWSG is also among one of the most active CTAs in the United States. Being a leader in the currency trading professionals industry, the company is served by registered and licensed FCM professionals. The company also has direct clearing arrangements, enabling our traders direct access to the marketplace any time, day or night.

    The acquisition includes significant synergistic capabilities and alliances consistent with the hard assets, proprietary software and integrated business plan of both companies. Although trading operations are increasing at an impressive rate, First Wall Street Group Inc. remains largely focused on immediate business opportunities. Current opportunities are consistent in the area of software development and the FOREX marketplace.

    First Wall Street Group Inc. provides investors a system of margin trading, creating an opportunity for investors to maximize profits from relatively low initial capital requirements. Between one and two percent of the absolute value of the trade contract is being maintained by the company. FWSG immediately opens the doors for clients to trade in the largest currency marketplace in the world.

    Currency analysts at the First Wall Street Group Inc. provide each investor 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.

    First Wall Street Group Inc. both trains and partners with their clients to enter the FOREX market. They also offer a professional trading curriculum, enabling their clients to trade in all of the currency markets. FWSG also vets and recommends FOREX dealers and trading platforms. In addition, the company also provides an Independent Currency Consultant program (ICC) to help their clients obtain a full-time or part-time income immediately. The company takes pride and pleasure in offering their clients new business opportunities in the FOREX industry.

    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 best spread available to the company is passed on to their clients with an extremely competitive markup, which is generally between one and two pips or less for major currency pairs.

    The competitors of First Wall Street Group Inc. are only beginning to follow their lead in offering “no dealing” desk executions. Excellent bid and asked prices are not meaningful unless one has a reliable trading platform. 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. The current daily and monthly volume is showing strong growth as the recent consensus for the Korean market is showing a monthly volume of over 450,000(LOT).

    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.

    CONTACT: [3435 Wilshire Blvd., Suite 1103, Los Angeles, CA 90010]

    Keun Bum Kwon, First Wall Street Group, Inc.
    Tel. (213) 505-7107
    GUNNY ( @ ) FWSGUSA dot COM

    AuGRID Global Holdings Corp.
    Tel. (856) 205-0856

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