<PAGE>

================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  -------------
                                    FORM S-8
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933


                               AUGRID CORPORATION
                                ----------------
             (Exact name of registrant as specified in its charter)

         Nevada                           3670                    88-0219656
       --------                           ----                     ---------
(State or other jurisdiction of (Primary  Standard Industrial (I.R.S. Employer
incorporation or organization)   Classification Code Number  Identification No.)

                              2275 East 55th Street
                              Cleveland, Ohio 44103
                                 (216) 426-1589
                       -----------------------------------
               (Address of Principal Executive Office) (Zip Code)

                         Commission File No.: 000-28661

                           Various Compensation Plans
                                -----------------
                            (Full title of the plan)

                               Muhammad J. Shaheed
                           President, CEO and Chairman
                              2275 East 55th Street
                              Cleveland, Ohio 44103
                                 (216) 426-1589
                        ---------------------------------
           (Name and address including zip code and Telephone number,
                   including area code, of agent for service)


                         CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
==================================================================================================
                                            Proposed Proposed
Title of                   Amount           Maximum  Maximum                        Amount of
Securities to              to be            Offering Price    Aggregate             Registration
Be Registered              Registered       Per Share (1)     Offering Price (1)    Fee
----------------           ---------        ----------        -----------------     ---------
<S>                        <C>              <C>               <C>                   <C>
Common Stock,              13,900,000       $.0225            $312,750              $287.73
par value $.0001
per share
--------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457, based on the closing price of the Common
Stock, as reported by the OTC Bulletin Board, on March 3, 2003.
==================================================================================================
</TABLE>


<PAGE>

                                     PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

ITEM 1.  PLAN INFORMATION

         Pursuant to the Note to Part I of the Form S-8, the information
required by Part I is not filed with the Securities and Exchange Commission.


ITEM 2.  INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION

Registrant will provide without charge to each person to whom a copy of a
Section 10(a) Prospectus hereunder is delivered, upon the oral or written
request of such person, a copy of any document incorporated in this Registration
Statement by reference. Requests for such information should be directed to
Muhammad J. Shaheed, President, CEO and Chairman, 2275 East 55th Street
Cleveland, Ohio 44103 (216) 426-1589.


                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.
         -----------------------------------------------

         The following documents previously filed with the Commission pursuant
to the 1934 Act are hereby incorporated in this prospectus by reference:

         1. Augrid Corporation's Annual Report on Form 10-KSB for the year ended
December 31, 2001;

         2. Augrid Corporation's Quarterly Report on Form 10-QSB for the quarter
ended September 30, 2002; and

        3.  All reports filed by Registrant pursuant to Section 13(a) or
            15(d) of the Exchange Act since December 27, 1999.

         All documents filed by Augrid Corporation, pursuant to Section 13(a),
13(c), 14 or 15(d) of the 1934 Act subsequent to the date of this prospectus and
prior to the termination of this offering, shall be deemed to be incorporated by
reference into this prospectus. Any information incorporated by reference shall
be modified or superseded by any information contained in this prospectus or in
any other document filed later with the Commission, which modifies or supersedes
such information. Any information that is modified or superseded shall become a
part of this prospectus as the information has been so modified or superseded.


                                       2
<PAGE>

         We will provide without charge to each person to whom a prospectus
is delivered, upon written or oral request of such person, a copy of any and all
of the information that has been incorporated by reference in this prospectus
(excluding exhibits unless such exhibits are specifically incorporated by
reference into such documents). Please direct such requests to Muhammad J.
Shaheed, President, CEO and Chairman, Augrid Corporation, Muhammad J. Shaheed,
President, CEO and Chairman, 2275 East 55th Street Cleveland, Ohio 44103 (216)
426-1589

         All documents filed by the Company with the Commission pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this
Registration Statement and prior to the time a post-effective amendment which
indicates that the securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof from the date
of filing of such documents.

         Any statement contained in any document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is
deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as modified or superseded, to constitute a part of this Registration
Statement.


ITEM 4.  DESCRIPTION OF SECURITIES
         -------------------------
         Not applicable. The class of securities to be offered is registered
under Section 12 of the Exchange Act.


ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL
         --------------------------------------
         Not Applicable


ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
         -----------------------------------------
            Nevada law provides that a director or an officer of a corporation
will not be personally liable to the corporation or its stockholders for any
damages as a result of any act or failure to act in his capacity as a director
or officer unless it is proven that (i) his act or failure to act constituted a
breach of his fiduciary duties as a director or officer, and (ii) his breach of
those duties involved intentional misconduct, fraud or a knowing violation of
law. This limitation of liability does not apply to liabilities arising under
federal securities laws and does not affect the availability of equitable
remedies such as injunctive relief or rescission.

            Nevada law provides that a corporation may indemnify its directors
and officers, as well as other employees and individuals, against attorneys'
fees and other expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with any
threatened, pending or completed actions, suits or proceedings in which such
person was or is a party or is threatened to be made a party by reason of such
person being or having been a director, officer, employee or agent of the

                                       3
<PAGE>

corporation, provided such person acted in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
corporation. However, indemnification is not available to such person if (i) his
act or failure to act constituted a breach of his fiduciary duties as a director
or officer, and (ii) his breach of those duties involved intentional misconduct,
fraud or a knowing violation of law.

            The Nevada General Corporation Law provides that the foregoing
provisions are not exclusive of other rights to which those seeking
indemnification may be entitled under any bylaw, agreement, vote of stockholders
or disinterested directors or otherwise.

            The Company's bylaws provide that the Company is required to
indemnify each director, officer and employee against all expenses and
liabilities, including counsel fees, reasonably incurred by or imposed upon him
in connection with any proceeding to which he may be made a party, or in which
he may become involved, by reason of being or having been a director, officer,
employee or agent of the Company or is or was serving at the request of the
Company as a director, officer, employee or agent of another entity, whether or
not he is a director, officer, employee or agent at the time such expenses are
incurred, unless he is adjudged guilty of willful misfeasance or malfeasance in
the performance of his duties. In the event of a settlement, the Company will
indemnify him only when the Board of Directors approves such settlement and
reimbursement as being for the best interests of the Company.

            The Company's bylaws also permit the Company to obtain insurance on
behalf of any director or officer for any liability arising out of his or her
actions in a representative capacity.



ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
         -----------------------------------
         Not applicable


ITEM 8.  EXHIBITS.
         --------
3.1      Articles of Incorporation of the Company, as amended (1)

3.2      By-laws of the Company, as amended (1)

4.1      Consulting Agreement with Greenbridge Management Inc. (2)

4.2      Consulting Agreement with Farhad Walji (2)

4.3      Retainer Agreement with Michael S. Krome (2)

5.1      Opinion of Michael S. Krome, Esq. (2)

23.1     Consent of Henry L. Creel Co., Inc., Independent Auditor (2)

24.1     Consent of Michael S. Krome (included in Exhibit 5.1)

          (1)  Incorporated by reference from the Company's Amended Report on
               Form 10-SB, filed with the Commission on December 27, 1999, and
               as amended thereafter, and incorporated herein by reference.

                                       4
<PAGE>

          (2)  Filed herewith


ITEM 9.  UNDERTAKINGS.

         The undersigned the Company hereby undertakes:

     (a)(1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:

          (i) To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933 (the "Securities Act");

          (ii) To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represents a fundamental change in the information set forth in the registration
statement;
        (iii) To include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement.

        PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) do
not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.

          (2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

          (3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.
         (b) The undersigned the Company hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
         (c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against pubic policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Company of expenses incurred or
paid by a director, officer or controlling person of the Company in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Company will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.


                                       5
<PAGE>



SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, hereunto duly
authorized, in the City of Cleveland, State of Ohio March 5, 2003.

                                              Augrid Corporation

                                              By:   /s/ M. J. Shaheed
                                              ------------------------------
                                              M. J. Shaheed

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below
constitutes and appoints M. J. Shaheed, his attorney-in-fact and agent, with
full power of substitution, for him and in his name, place and stead, in any and
all capacities, to sign any or all amendments to this Registration Statement,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or his substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the date indicated:

Signatures                        Title                             Date
-------------                     --------                          ----------
/s/ M.J. SHAHEED                  Chairman of the Board,          March 5, 2003
---------------                   President and Chief
M. J. Shaheed                     Executive Officer

/s/ MARY F. SLOAT- HOROSZKO       Treasurer/Secretary             March 5, 2003
------------------                Director
Mary F. Sloat-Horoszko

/s/ ESSA MASHNI                   Director                        March 5, 2003
-----------------
Essa Mashni

/s/ MICHAEL YOUNG                 Director                        March 5, 2003
-----------------------
Michael Young

/s/ STAN S. CHAPMAN               Director                        March 5, 2003
--------------
Stan S. Chapman

                                       6
<PAGE>

EXHIBIT INDEX
EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
3.1      Articles of Incorporation of the Company, as amended (1)
3.2      By-laws of the Company, as amended (1)
4.1      Consulting Agreement with Greenbridge Management Inc. (2)
4.2      Consulting Agreement with Farhad Walji (2)
4.3      Retainer Agreement with Michael S. Krome (2)
5.1      Opinion of Michael S. Krome, Esq. (2)
23.1     Consent of Henry L. Creel Co., Inc., Independent Auditor (2)
24.1     Consent of Michael S. Krome (included in Exhibit 5.1)

     (1) Incorporated by reference from the Company's Amended Report on Form
     10-SB, filed with the Commission on December 27, 1999, and as amended
     thereafter, and incorporated herein by reference.
     (2) Filed herewith

                                       7
<PAGE>
[{"type": "S-8", "sequence": "1", "filename": "doc1.txt", "secsgml_size_bytes": 18262}]
{"company-data": {"conformed-name": "AUGRID OF NEVADA INC", "cik": "0001101752", "assigned-sic": "3670", "irs-number": "880219656", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-103686", "film-number": "03596841"}, "business-address": {"street1": "24200 CHAGRIN BLVD", "street2": "STE 10", "city": "BEACHWOOD", "state": "OH", "zip": "44122", "phone": "7025921816"}, "mail-address": {"street1": "242000 CHAGRIN BLVD", "street2": "STE 10", "city": "BEACHWOOD", "state": "OH", "zip": "44122"}}
================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  -------------
                                    FORM S-8
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                               AUGRID CORPORATION
                                ----------------
             (Exact name of registrant as specified in its charter)

         Nevada                           3670                    88-0219656
       --------                           ----                     ---------
(State or other jurisdiction of (Primary  Standard Industrial (I.R.S. Employer
incorporation or organization)   Classification Code Number  Identification No.)

                              2275 East 55th Street
                              Cleveland, Ohio 44103
                                 (216) 426-1589
                       -----------------------------------
               (Address of Principal Executive Office) (Zip Code)

                         Commission File No.: 000-28661

                           Various Compensation Plans
                                -----------------
                            (Full title of the plan)

                               Muhammad J. Shaheed
                           President, CEO and Chairman
                              2275 East 55th Street
                              Cleveland, Ohio 44103
                                 (216) 426-1589
                        ---------------------------------
           (Name and address including zip code and Telephone number,
                   including area code, of agent for service)

                         CALCULATION OF REGISTRATION FEE
==================================================================================================
                                            Proposed Proposed
Title of                   Amount           Maximum  Maximum                        Amount of
Securities to              to be            Offering Price    Aggregate             Registration
Be Registered              Registered       Per Share (1)     Offering Price (1)    Fee
----------------           ---------        ----------        -----------------     ---------
Common Stock,              13,900,000       $.0225            $312,750              $287.73
par value $.0001
per share
--------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457, based on the closing price of the Common
Stock, as reported by the OTC Bulletin Board, on March 3, 2003.
==================================================================================================
PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

ITEM 1.  PLAN INFORMATION

         Pursuant to the Note to Part I of the Form S-8, the information
required by Part I is not filed with the Securities and Exchange Commission.

ITEM 2.  INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION

Registrant will provide without charge to each person to whom a copy of a
Section 10(a) Prospectus hereunder is delivered, upon the oral or written
request of such person, a copy of any document incorporated in this Registration
Statement by reference. Requests for such information should be directed to
Muhammad J. Shaheed, President, CEO and Chairman, 2275 East 55th Street
Cleveland, Ohio 44103 (216) 426-1589.

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.
         -----------------------------------------------

         The following documents previously filed with the Commission pursuant
to the 1934 Act are hereby incorporated in this prospectus by reference:

         1. Augrid Corporation's Annual Report on Form 10-KSB for the year ended
December 31, 2001;

         2. Augrid Corporation's Quarterly Report on Form 10-QSB for the quarter
ended September 30, 2002; and

        3.  All reports filed by Registrant pursuant to Section 13(a) or
            15(d) of the Exchange Act since December 27, 1999.

         All documents filed by Augrid Corporation, pursuant to Section 13(a),
13(c), 14 or 15(d) of the 1934 Act subsequent to the date of this prospectus and
prior to the termination of this offering, shall be deemed to be incorporated by
reference into this prospectus. Any information incorporated by reference shall
be modified or superseded by any information contained in this prospectus or in
any other document filed later with the Commission, which modifies or supersedes
such information. Any information that is modified or superseded shall become a
part of this prospectus as the information has been so modified or superseded.

                                       2
We will provide without charge to each person to whom a prospectus
is delivered, upon written or oral request of such person, a copy of any and all
of the information that has been incorporated by reference in this prospectus
(excluding exhibits unless such exhibits are specifically incorporated by
reference into such documents). Please direct such requests to Muhammad J.
Shaheed, President, CEO and Chairman, Augrid Corporation, Muhammad J. Shaheed,
President, CEO and Chairman, 2275 East 55th Street Cleveland, Ohio 44103 (216)
426-1589

         All documents filed by the Company with the Commission pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this
Registration Statement and prior to the time a post-effective amendment which
indicates that the securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof from the date
of filing of such documents.

         Any statement contained in any document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is
deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as modified or superseded, to constitute a part of this Registration
Statement.

ITEM 4.  DESCRIPTION OF SECURITIES
         -------------------------
         Not applicable. The class of securities to be offered is registered
under Section 12 of the Exchange Act.

ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL
         --------------------------------------
         Not Applicable

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
         -----------------------------------------
            Nevada law provides that a director or an officer of a corporation
will not be personally liable to the corporation or its stockholders for any
damages as a result of any act or failure to act in his capacity as a director
or officer unless it is proven that (i) his act or failure to act constituted a
breach of his fiduciary duties as a director or officer, and (ii) his breach of
those duties involved intentional misconduct, fraud or a knowing violation of
law. This limitation of liability does not apply to liabilities arising under
federal securities laws and does not affect the availability of equitable
remedies such as injunctive relief or rescission.

            Nevada law provides that a corporation may indemnify its directors
and officers, as well as other employees and individuals, against attorneys'
fees and other expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with any
threatened, pending or completed actions, suits or proceedings in which such
person was or is a party or is threatened to be made a party by reason of such
person being or having been a director, officer, employee or agent of the

                                       3
corporation, provided such person acted in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
corporation. However, indemnification is not available to such person if (i) his
act or failure to act constituted a breach of his fiduciary duties as a director
or officer, and (ii) his breach of those duties involved intentional misconduct,
fraud or a knowing violation of law.

            The Nevada General Corporation Law provides that the foregoing
provisions are not exclusive of other rights to which those seeking
indemnification may be entitled under any bylaw, agreement, vote of stockholders
or disinterested directors or otherwise.

            The Company's bylaws provide that the Company is required to
indemnify each director, officer and employee against all expenses and
liabilities, including counsel fees, reasonably incurred by or imposed upon him
in connection with any proceeding to which he may be made a party, or in which
he may become involved, by reason of being or having been a director, officer,
employee or agent of the Company or is or was serving at the request of the
Company as a director, officer, employee or agent of another entity, whether or
not he is a director, officer, employee or agent at the time such expenses are
incurred, unless he is adjudged guilty of willful misfeasance or malfeasance in
the performance of his duties. In the event of a settlement, the Company will
indemnify him only when the Board of Directors approves such settlement and
reimbursement as being for the best interests of the Company.

            The Company's bylaws also permit the Company to obtain insurance on
behalf of any director or officer for any liability arising out of his or her
actions in a representative capacity.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
         -----------------------------------
         Not applicable

ITEM 8.  EXHIBITS.
         --------
3.1      Articles of Incorporation of the Company, as amended (1)

3.2      By-laws of the Company, as amended (1)

4.1      Consulting Agreement with Greenbridge Management Inc. (2)

4.2      Consulting Agreement with Farhad Walji (2)

4.3      Retainer Agreement with Michael S. Krome (2)

5.1      Opinion of Michael S. Krome, Esq. (2)

23.1     Consent of Henry L. Creel Co., Inc., Independent Auditor (2)

24.1     Consent of Michael S. Krome (included in Exhibit 5.1)

          (1)  Incorporated by reference from the Company's Amended Report on
               Form 10-SB, filed with the Commission on December 27, 1999, and
               as amended thereafter, and incorporated herein by reference.

                                       4
(2)  Filed herewith

ITEM 9.  UNDERTAKINGS.

         The undersigned the Company hereby undertakes:

     (a)(1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:

          (i) To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933 (the "Securities Act");

          (ii) To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represents a fundamental change in the information set forth in the registration
statement;
        (iii) To include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement.

        PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) do
not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.

          (2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

          (3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.
         (b) The undersigned the Company hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
         (c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against pubic policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Company of expenses incurred or
paid by a director, officer or controlling person of the Company in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Company will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

                                       5
SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, hereunto duly
authorized, in the City of Cleveland, State of Ohio March 5, 2003.

                                              Augrid Corporation

                                              By:   /s/ M. J. Shaheed
                                              ------------------------------
                                              M. J. Shaheed

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below
constitutes and appoints M. J. Shaheed, his attorney-in-fact and agent, with
full power of substitution, for him and in his name, place and stead, in any and
all capacities, to sign any or all amendments to this Registration Statement,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or his substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the date indicated:

Signatures                        Title                             Date
-------------                     --------                          ----------
/s/ M.J. SHAHEED                  Chairman of the Board,          March 5, 2003
---------------                   President and Chief
M. J. Shaheed                     Executive Officer

/s/ MARY F. SLOAT- HOROSZKO       Treasurer/Secretary             March 5, 2003
------------------                Director
Mary F. Sloat-Horoszko

/s/ ESSA MASHNI                   Director                        March 5, 2003
-----------------
Essa Mashni

/s/ MICHAEL YOUNG                 Director                        March 5, 2003
-----------------------
Michael Young

/s/ STAN S. CHAPMAN               Director                        March 5, 2003
--------------
Stan S. Chapman

                                       6
EXHIBIT INDEX
EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
3.1      Articles of Incorporation of the Company, as amended (1)
3.2      By-laws of the Company, as amended (1)
4.1      Consulting Agreement with Greenbridge Management Inc. (2)
4.2      Consulting Agreement with Farhad Walji (2)
4.3      Retainer Agreement with Michael S. Krome (2)
5.1      Opinion of Michael S. Krome, Esq. (2)
23.1     Consent of Henry L. Creel Co., Inc., Independent Auditor (2)
24.1     Consent of Michael S. Krome (included in Exhibit 5.1)

     (1) Incorporated by reference from the Company's Amended Report on Form
     10-SB, filed with the Commission on December 27, 1999, and as amended
     thereafter, and incorporated herein by reference.
     (2) Filed herewith

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