AuGRID Global Holdings Corporation Signs Letter of Intent to Merge With Silver Star Capital Holdings, Inc.

  AuGRID Global Holdings Corporation (PINKSHEETS: AGHD), announced today that it has entered into a binding letter of intent
with Silver Star Capital Holdings, Inc. (PINKSHEETS: SSTA). The transaction
is subject to final negotiation, execution of a definitive merger agreement
and the approval of both AuGRID and Silver Star shareholders.

Under the terms of the LOI, AuGRID proposes to acquire 100% of the outstanding equity securities of Silver Star by means of a merger, with AuGRID being the surviving entity. Other terms include:

--  AuGRID will change its name from "AuGRID Global Holdings Corporation"
    to "Silver Star Environmental Holdings, Inc;"
--  AuGRID will issue restricted common stock for all of the equity
    securities of Silver Star with the final conversion ratio to be determined
    prior to closing;
--  AuGRID will divest itself of its partially owned subsidiary Avatar
    Design and Manufacturing; its Intellectual Property License Agreement with
    CF Ballistics, Inc; and abandon its planned acquisition of a Halal meat
    processing plant.
--  Upon close of the merger, Silver Star's current management team and
    board of directors will be appointed as officers and board members of the
    surviving entity.
    

Silver Star Capital Holdings is an acquisition, holding and management services company with a growing portfolio of eco-friendly and environmentally responsible businesses. The company's business model involves the bringing together of a synergistic collection of "Green" early stage companies engaged in the development and commercialization of technologies which prevent, limit, or correct environmental damage to water, air, soil or human health.

M.J. Shaheed, President and CEO, AuGRID Global Holdings, stated, "This merger will provide an opportunity for AuGRID shareholders to rebuild shareholder value. The environmental industry presents an enormous opportunity and enjoys governmental support on a local, national and international level. It is an industry which will demand great innovation and going forward our mission will be to help Green entrepreneurs meet those demands. Presented with the prospect of combining our resources with Silver Star's management infrastructure and access to capital, our Board firmly believes that this transaction is in the best interests of our shareholders."

Cliffe Bodden, President and CEO, Silver Star Capital Holdings, stated, "Although AuGRID's focus has not historically been within the environmental sector, it possesses certain synergies, expertise and global networks which we find compelling and attractive in furthering our core strategy. Utilizing these resources, we believe we can quickly open up new markets for our current products and acquire exceptionally well-positioned internationally based companies which have the potential to add value to our portfolio."

About Silver Star Capital Holdings, Inc.

Silver Star Capital Holdings' business strategy is to create a leading environmental products and services company by acquiring companies that will operate as wholly or majority owned subsidiaries, forming the components of a portfolio of "Greentech" businesses. Through strategic acquisitions, the company's plan is to assemble a synergistic collection of valuable intellectual properties, patents, copyrights and exclusive rights expertise in unique, focus related business processes developed for broad scale market implementation. Silver Stars' holdings currently consist of two wholly owned operating subsidiaries, ECO-Science & Technology, Inc. and Green Street Capital Partners, LLC. Visit www.ssta1.com for more information.

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.

Contact: AuGRID Global Holdings Corporation 5847 San Felipe Road Suite 1700 Houston, TX 77057 Investor Relations: MicroCap Management, LLC 2004-A West 120th Avenue Westminster, CO 80234 [e-mail] www.microcapmanagement.com (303)-465-2388