UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549
                            FORM 10-QSB
(Mark One)
[X]                           QUARTERLY REPORT PURSUANT TO
                             SECTION 13 OR 15(d) OF THE
                             SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2000

Or

[  ]                          TRANSITION REPORT PURSUANT TO
                             SECTION 13 OR 15(d) OF THE
                             SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to _____________

Commission File Number:

                     Augrid of Nevada, Inc.
      (Exact name of registrant as specified in its charter)

            Nevada                          34-1878390
(State or other jurisdiction of  (I.R.S. Employer Identification
incorporation or organization)                 No.)

  140 Public Square, The Park                 44114
Building, Suite 208, Cleveland,             (Zip Code)
             Ohio
(Address of principal executive
           offices)

                         (216) 344-9800
      (Registrant's telephone number, including area code)

                               N/A
 (Former name, former address and former fiscal year, if changed
                       since last report)

Indicate  by  check mark whether the registrant (1) has  filed  all
reports  required  to  be  filed by Section  13  or  15(d)  of  the
Securities Exchange Act of 1934 during the preceding 12 months  (or
for  such shorter period that the registrant was required  to  file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.

Yes [X] No [ ]

   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                 DURING THE PRECEDING FIVE YEARS:

Indicate  by  check  mark  whether the  registrant  has  filed  all
documents  and reports required to be filed by Sections 12,  13  or
15(d)  of  the  Securities Exchange Act of 1934 subsequent  to  the
distribution of securities under a plan confirmed by a court.

Yes [ ] No [ ]

               APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate  the number of shares outstanding of each of the  issuer's
classes  of  common  stock,  as  of the  latest  practicable  date:
49,889,348

                      AUGRID OF NEVADA, INC.
                   (A Development Stage Company)


                         Table of Contents
                                                               Page
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Independent Accountant's Review Report                         4

Balance Sheet March 31, 2000                                   5

Statement of Income for the three month period ended March     7
31, 2000

Statement of Retained Earnings as of March 31, 2000            8

Statement of Cash Flows for the three month period ended       9
March 31, 2000

Notes to Financial Statements - as of March 31, 2000           10

Item 2. Management's Discussion and Plan of Operation          15

PART II - OTHER INFORMATION

Item 6. Exhibits                                               16

SIGNATURES                                                     17





                      AuGRID OF NEVADA, INC.

                       FINANCIAL STATEMENTS
                       FOR THE PERIOD ENDED
                           JUNE 30, 2000
                           TOGETHER WITH
                    ACCOUNTANT'S REVIEW REPORT

                      AuGRID OF NEVADA, INC.

                       Financial Statements

                         TABLE OF CONTENTS


                                                     PAGE NO.
Review Report
Balance Sheet as of June 30, 2000                      2-3

Statement of Income for the six month period ended      4
June 30, 2000

Statement of Retained Earnings as of June 30, 2000      5

Statement of Cash Flows for the six month period        6
ended June 30, 2000

Notes to the Financial Statements - as of June 30,     7-11
2000




                     HENRY L. CREEL CO., INC.
                    Certified Public Accountant
                          (216) 491-0800
                        Fax (216) 491-0803


To Shareholders and Board of Directors
AuGRID OF NEVADA, INC.
140 Public Square Suite 208
Cleveland, Ohio 44114

                    ACCOUNTANT'S REVIEW REPORT


I have reviewed the accompanying balance sheet of AuGRID OF NEVADA,
INC.  (a Nevada Development Stage Corporation) as of June 30, 2000,
and  the  related statement of income, retained earnings  and  cash
flows  for the six months period January 1, 2000 through  June  30,
2000, in accordance with Statements on Standards for Accounting and
Review  Services  issued  by the American  Institute  of  Certified
Public  Accountants.  All information included  in  this  financial
statement is the representation of the management of the AuGRID  OF
NEVDAD, INC.

A review consists principally of inquiries of Company personnel and
analytical   procedures   applied  to  financial   data.    It   is
substantially  less  in  scope than an  audit  in  accordance  with
generally  accepted auditing standards, the objective of  which  is
the  expression  of  an opinion regarding the financial  statements
taken as a whole.  Accordingly, I do not express such an opinion.

Based  on  my  reviews,  I am not aware of any  modifications  that
should be made to the accompanying financial statements in order to
be in conformity with generally accepted accounting principles.

/s/ Henry L. Creel Co., Inc.
August 7, 2000



            3587 LEE ROAD * SHAKER HEIGHTS * OHIO 44120

                                 -1-






                  PART I - FINANCIAL INFORMATION
                   Item 1. Financial Statements

                      AuGRID OF NEVADA, INC.
                           Balance Sheet
                        As of June 30, 2000


                           ASSETS
     CURRENT ASSETS

          Cash                                    43,584
          Prepaid Expenses                           500
          Consultant Advances                      6,564

          Total Current Assets                    50,648

     PROPERTY AND EQUIPMENT (Note 1)

          Machinery And Equipment                 68,080
          Furniture And Fixtures                   7,686
          Office Equipment                        14,176

          Total Property At Cost                  89,942

          Less: Accumulated Depreciation       (  9,418)
                   and Amortization

          Net Property and Equipment              80,524

     OTHER ASSETS

          Deposit Building Construction           10,000
          Deferred Charges (Note 5)              815,959

          Total Other Assets                     825,959

     TOTAL ASSETS                                957,131








                  See Accountant's Review Report

                                -2-





                      AuGRID OF NEVADA, INC.
                           Balance Sheet
                           June 30, 2000

                LIABILITIES AND STOCKHOLDERS' EQUITY

     CURRENT LIABILITIES

          Account Payable - Trade                             $
                                                         23,301
          Convertible Subordinated Promissory           932,114
     Notes (note 4)

          Total Current Liabilities                     955,415

     STOCKHOLDERS' EQUITY

          Capital Stock

          Preferred Stock $0.001 par value              127,000
               10,000,000 shares authorized
     and
               317,500 shares issued and
     outstanding
          Common Stock $0.001 par value               1,868,511
               90,000,000 shares authorized;
               49,889,348 shares issued and
     outstanding,
               and stated at:
          Retained Earnings (Deficit)               (1,993,795)

          Total Stockholders' Equity                      1,716

     TOTAL LIABILITIES AND                                    $
          STOCKHOLDERS' EQUITY                          957,131







                  See Accountant's Review Report

                                -3-





                      AuGRID OF NEVADA, INC.
                        Statement of Income
           For the Six Month Period Ended June 30, 2000


     Net Sales (Note 1)                         $            -0-
     Interest Income                                         100

          Total Revenue                                      100

     Direct Cost                                             -0-

     Gross Profit                                            100

     General and Administrative Expenses

     Consultants                                         225,272
     Auto Expense                                         30,609
     Insurance                                               781
     Rent                                                  9,864
     Repairs & Maintenance                                 4,968
     Lease Equipment                                       3,429
     Furniture Lease                                       7,438
     Direct Travel                                        82,842
     Legal Fees                                           63,380
     Accounting Fees                                      16,100
     Miscellaneous Expenses                               31,256
     Computer Expense                                     21,313
     Office Supplies                                       5,605
     Office Expense                                       10,228
     Postage and Delivery                                  4,036
     Telephone                                            27,002

     Total General and Administrative                    544,123
     Expenses

     Income (Loss) Before Depreciation                 (544,023)

     Depreciation                                            -0-

     Income (Loss) Before Income Taxes                 (544,023)

     Provision for Income Taxes (Note 2)                     -0-

     Net Income (Loss)                          $      (544,023)










                  See Accountant's Review Report

                                -4-





                      AuGRID OF NEVADA, INC.
                  Statement of Retained Earnings
                        As of June 30, 2000






     Balance, at Beginning of Period             $   (1,449,772)
     (Deficit)

     Add: Net Income (Loss) for the                 (   544,023)
     Period

     Balance, at End of Period (Deficit)         $   (1,993,795)




                  See Accountant's Review Report

                                -5-



                      AuGRID OF NEVADA, INC.
                      Statement of Cash Flows
                        As of June 30, 2000




       OPERATING ACTIVITIES

            Net Income (Loss)                    $  (   544,023)

       Adjustments to reconcile Net Income
       to
         Net Cash provided by Operating
       Activities:

            Depreciation and Amortization                    -0-

       Changes in Operating Assets and
       Liabilities Net:

            Increase in Consultant Advances          (    7,064)
            Proceeds from Promissory Notes               610,659
            Increase in Accounts Payable                  15,392

            Net Cash Used by Operating                         $
       Activities                                         74,964

       INVESTING ACTIVITIES

            Purchase of Equipment                     (   5,000)
            Increase in Deposits                      (  10,000)
            Increase in Deferred Charges               (115,959)

            Net Cash Used by Investing
            Activities                                 (121,959)

       FINANCING ACTIVITIES

       Net cash provided by financing
       activities                                            -0-

       Increase in Cash and Cash Equivalents          (  46,995)

       Cash and Cash Equivalents at                       90,579
       Beginning of Period

       Cash and Cash Equivalents at End of
       Period                                             43,584








                  See Accountant's Review Report

                                -6-




                      AuGRID OF NEVADA, INC.
                   Notes to Financial Statements
                        As of June 30, 2000


     Note 1   Organization and Summary of Significant
              Accounting Policies

              A. Organization

              AuGRID  OF  NEVADA,  INC., (a  Nevada  Development
              Stage  Corporation) formed under the laws  of  the
              State of Nevada, is a technology development  firm
              specializing  in  Thin  Cathode  Ray  Tube  (TCRT)
              technology.    The   company  currently   has   no
              operations  and,  in accordance with  SFAS  #7  is
              considered a development corporation.

              B. Basis of Presentation

              The   financial   records  of  the   company   are
              maintained  on  the accrual basis  of  accounting.
              The  accompanying financial statements  have  been
              prepared  on  the accrual basis of  accounting  in
              accordance   with  generally  accepted  accounting
              principles.

              C. Property and Equipment

              All  property  and equipment is  stated  at  cost.
              The  Company provides for depreciation, using  the
              straight  line  method, over the estimated  useful
              lives of the respective assets, as follows:

                                                           Years
              Machinery and Equipment      $68,080             7

              Furniture and Fixtures         7,686             7

              Office Equipment              14,176             5

              Total Property & Equipment   $89,942

              Major  renewals and improvements of  property  and
              equipment  are  capitalized,  while  replacements,
              maintenance  and repairs which do not  improve  or
              extend   the  lives  of  the  assets  are  charged
              against current operations.

              When  property and equipment is disposed  of,  any
              gain or loss is included in current operations.



                                -7-



                      AuGRID OF NEVADA, INC.

                   Notes to Financial Statements
                        As of June 30, 2000


                  D. Going Concern

                  The company's financial statements are prepared
                  using   the   generally   accepted   accounting
                  principles applicable to a going concern, which
                  contemplates  the  realization  of  assets  and
                  liquidation of liabilities in the normal course
                  of  business.   However,  the  Company  has  no
                  current source of revenue.  Without realization
                  of additional capital, it would be unlikely for
                  the Company to continue as a going concern.  It
                  is  management's plan to begin producing  sales
                  in late 2000 or early 2001.

                  E. Estimates

                  The  preparation  of  financial  statements  in
                  conformity  with generally accepted  accounting
                  principles   requires   management   to    make
                  estimates  and assumptions that affect  certain
                  reported amounts and disclosures.

       Note 2     Income Taxes

                  The  Company  is  a C Corporation  for  Federal
                  Income Tax purposes.  There is no provision for
                  Federal Income tax because of an unexpired  net
                  operating loss carry forward.






                                -8-


                      AuGRID OF NEVADA, INC.
                   Notes to Financial Statements
                        As of June 30, 2000


     Note 3       Capitalization

                  On March 1, 1998, AuGRID Corporation's current
                  controlling shareholders purchased controlling
                  interest in Ironwood Ventures via the purchase
                  of  approximately 4,616,111 shares  of  Common
                  Stock   of   Ironwood  Ventures'  in   private
                  transactions;  this represented  approximately
                  62.2  percent  (62.2%) of  Ironwood  Ventures'
                  issued and outstanding Common Stock.

                  On  March 2, 1998, Ironwood Ventures' executed
                  a forward stock split of its stock, 6.06571228
                  to   1.    In   addition,  Ironwood  Ventures'
                  increased  its authorized shares to 90,000,000
                  common  shares,  par value $0.001,  10,000,000
                  preferred   shares,  par  value  $0.001,   and
                  changed its name to AuGRID of Nevada, Inc.

                  On  March 13, 1998, Ironwood Ventures'  -  now
                  called  AuGRID of Nevada, Inc. -  executed  an
                  asset     purchase    agreement     purchasing
                  substantially  all  of the  assets  of  AuGRID
                  Corporation,     a    Delaware     corporation
                  hereinafter   referred  to   as   "AuGRID   of
                  Delaware",  a company under common control  by
                  the   control  shareholders  of  the  Ironwood
                  Ventures',  for 1,000,000 newly issued  shares
                  of  Ironwood Ventures'.  This was not a  third
                  party, arms length transaction, and due to the
                  development  stage and specialized  nature  of
                  the  assets/technology that Ironwood Ventures'
                  purchased, the Company's management is  unable
                  to   determine  how  this  transaction   would
                  compare  to a similar arms length transaction.
                  The  shares of common stock were spun  off  to
                  AuGRID  of Delaware shareholders on a pro-rate
                  basis on March 13, 1998.







                                -9-



                      AuGRID OF NEVADA, INC.

                   Notes to Financial Statements
                        As of June 30, 2000


     Note 4       Convertible Subordinated Promissory Note

                  Pursuant   to   the  convertible  subordinated
                  promissory note and convertible debenture/note
                  purchase agreement, the company shall incur  a
                  future obligation to pay interest at the  rate
                  of  three percent (3%) per annum (the "Initial
                  Interest  Rate")  on  the principal  of  notes
                  outstanding during the period beginning on the
                  date of the receipt of the proceeds and ending
                  on the date that the principal amount of notes
                  becomes  due  and  payable.   Interest   shall
                  accrue until the date of conversion and  shall
                  be payable in full on the conversion date.

                  The  Voluntary Conversion by holder  of  notes
                  has  the right, at the holders option, at  any
                  time prior to payment in full of the principal
                  balance  of notes, to convert notes, in  whole
                  or  in part, into fully paid and nonassessable
                  share  of  common stock of the  company.   The
                  number  of  shares of common stock into  which
                  notes  may be converted ("Conversion  Shares")
                  shall  be determined by dividing the aggregate
                  principal  amount  together with  all  accrued
                  interest  to  the  date of conversion  by  the
                  conversion price in effect at the time of such
                  conversion.   The  initial  conversion   price
                  should  be equal to Fifty Cents ($0.50).   The
                  Automatic  Conversion means  that  the  entire
                  principal   amount   of   notes    shall    be
                  automatically converted into shares of  common
                  stock  at the conversion price at the time  in
                  effect immediately after the company is  fully
                  reporting  with  the Securities  and  Exchange
                  Commission and listed and traded on the  OTCBB
                  or such other national market or exchange.

     Note 5       Deferred Charges

                  Deferred  charges  consists of  organizational
                  cost   in   connection   with   starting   the
                  corporation and cost of stock offering.   Also
                  including in the deferred charges are research
                  and development costs of the development stage
                  company.   No  amortization  will  be  charged
                  until the company start operations.








                               -10-



                      AuGRID OF NEVADA, INC.

                   Notes to Financial Statements
                        As of June 30, 2000


     Note 6       Litigation and Contingent Liabilities

                  There  is  a legal action pending against  the
                  AuGRID  of Nevada, Inc., involving a claim,  a
                  Company have regarding a contract dispute, and
                  also  individual  with a dispute  regarding  a
                  financial  advisory agreement with  AuGRID  of
                  Nevada,  Inc.  The action is being handled  by
                  the  counsel of AuGRID of Nevada, Inc. due  to
                  the  nature  of  the action and  the  inherent
                  uncertainty  regarding  the  outcome  of   any
                  litigation, the company at this time is unable
                  to  determine whether any material  loss  will
                  result for this litigation.









                               -11-



       Item 2. Management's Discussion and Plan of Operation

General

Augrid  of  Nevada, Inc., hereinafter referred to as the "Company,"
"Augrid",  or  "AGRD" was organized by the filing  of  articles  of
incorporation with the Secretary of State of the State of Nevada on
August  4,  1995.   The  Company was  formerly  known  as  Ironwood
Ventures, Inc., hereinafter referred to as "Ironwood," and  changed
its  name in March of 1998 after a change of control.  The original
articles of incorporation of the Company authorized the issuance of
seven  million five hundred thousand (7,500,000) shares  of  Common
Stock  at  a par value of $0.01.  The articles of the Company  were
amended  on  March  2,  1998,  and the Company's  amended  articles
authorized  the issuance of ninety million (90,000,000)  shares  of
Common  Stock  at a par value of $0.001 per share and  ten  million
(10,000,000) shares of Preferred Stock at a par value of $0.001 per
share.

The  Company  is  a  developmental stage company  with  a  business
objective   to  develop,  acquire  and  manage  development   stage
technologies  that assist in the process of developing  proprietary
flat  panel  display  technology.  The  Company,  although  in  its
development  stages,  is  currently a minority-owned  research  and
development company which has ownership of what management  of  the
Company  believes is the first truly operational flat panel display
technology.   The  Company  believes that  the  uniqueness  of  its
proprietary technology lies with the incorporation of a proprietary
ceramic  backplane  which  the Company's management  believes  will
allow  manufacturers to overcome pricing, power and size  obstacles
currently facing all other manufacturers in the flat panel  display
industry.

Results of Operations

The  Company  has not generated any revenues since its  inception.
The  Company  has  limited  operating history.   The  Company  was
organized on August 4, 1995.  Activities to date have been limited
primarily  to  organization, initial capitalization,  finding  and
securing a management team and board of directors, the development
of a business plan and commencing with initial operational plans.
As  of  June  30, 2000, the Company has developed a business  plan,
effectuated an asset purchase agreement to purchase the  technology
and  assets  of  a  company in a similar line of  business  as  the
Company, recruited and retained a management team, attained  fully-
reporting status with the U.S. SEC and raised capital via a private
placement  offerings  of stock and debt.  As  a  development  stage
company, the Company has no new products or services to announce.

Liquidity and Capital Resources

To date, the Company has attained cash from offerings of its common
stock  and the issuance of debt securities. The Company has yet  to
generate  any  revenues.   Without the  realization  of  additional
capital,  it  would be unlikely for the Company to  continue  as  a
going  concern.  It is management's plan to seek additional capital
through a private offering of its securities once it gets listed on
the  NQB's "Pink Sheets" or the OTC-BB.  The Company does not  have
significant  cash  or other material assets nor  does  it  have  an
established  source  of revenue sufficient to cover  its  operating
costs  to  allow  it  to continue as a going concern  indefinitely.
Until  that  time,  the  officers have  committed  to  advance  the
operating costs the company interest free.
The  officers  and  directors of the Company may,  in  the  future,
become  involved in other business opportunities.   If  a  specific
business  opportunity becomes available, such persons  may  face  a
conflict  in selecting between the Company and their other business
interests.   The  Company  has  not formulated  a  policy  for  the
resolution of such conflicts.

PART II - OTHER INFORMATION

                         Item 6. Exhibits

       Exhibit      Name and/or Identification of Exhibit
       Number

         2          Plan of Acquisition

                         (a)Asset   Purchase   Agreement   with   Augrid
                         Corporation.  Incorporated by reference to  the
                         exhibits  to  the  Company's General  Form  For
                         Registration  Of Securities Of  Small  Business
                         Issuers  on  Form 10-SB, previously filed  with
                         the Commission.

                         (b)Amendment   to  Asset  Purchase   Agreement.
                         Incorporated  by reference to the  exhibits  to
                         the Company's General Form For Registration  Of
                         Securities  Of Small Business Issuers  on  Form
                         10-SB, previously filed with the Commission.

         3          Articles of Incorporation & By-Laws

                         (a)Articles  of  Incorporation of  the  Company
                         filed   August   4,   1995.   Incorporated   by
                         reference  to  the  exhibits to  the  Company's
                         General Form For Registration Of Securities  Of
                         Small   Business   Issuers   on   Form   10-SB,
                         previously filed with the Commission.

                         (b)Certificate  of  Amendment  of  Articles  of
                         Incorporation  of the Company filed  March  18,
                         1998.    Incorporated  by  reference   to   the
                         exhibits  to  the  Company's General  Form  For
                         Registration  Of Securities Of  Small  Business
                         Issuers  on  Form 10-SB, previously filed  with
                         the Commission.

                         (c)By-Laws  of  the Company adopted  August  4,
                         1995.    Incorporated  by  reference   to   the
                         exhibits  to  the  Company's General  Form  For
                         Registration  Of Securities Of  Small  Business
                         Issuers  on  Form 10-SB, previously filed  with
                         the Commission.

         13         Annual or Quarterly Reports

                         (a)  Form 10-KSB for the year ended December 31,
                            1999.     Incorporated by  reference  to  the
                            Company's  Annual Report  for Small  Business
                            Issuers, previously filed with the Commission.

                         (b)  Form 10-QSB for the three months ended March
                            31, 2000.    Incorporated  by reference to the
                            Company's  Quarterly Report for Small Business
                            Issuers,  previously filed with the Commission.

         23          Consent of Experts and Counsel

                         Consents of independent public accountants

         27         Financial Data Schedule

                         Financial Data Schedule of Augrid of Nevada,
                         Inc. ending June 30, 2000

                            SIGNATURES

Pursuant  to  the  requirements of the Exchange Act  of  1934,  the
Registrant  has duly caused this report to be signed on its  behalf
by the undersigned, thereunto duly authorized.

                      Augrid of Nevada, Inc.
                           (Registrant)

Date: August 23, 2000

By: /s/ Muhammad J. Shaheed

     Muhammad J. Shaheed, President

By: /s/ Mary F. Sloat-Horoszko

       Mary F. Sloat-Horoszko, Secretary, Treasurer and Director