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: September 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                          88-0219656
(State or other jurisdiction of  (I.R.S. Employer Identification
incorporation or organization)                 No.)

 The Park Building, 140 Public                44114
 Square, 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


/1/



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



                         Table of Contents
                                                     Page

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements                            3

Balance Sheet September 30, 2000                        4

Statement of Income For the Nine Month Period Ended     6
September 30, 2000

Statement of Retained Earnings As of September 30,      7
2000

Statement of Cash Flows As of September 30, 2000        8

Notes to Financial Statements - As of September 30,     9
2000

Item 2. Management's Discussion and Plan of            14
Operation

PART II - OTHER INFORMATION

Item 6. Exhibits                                       15

SIGNATURES                                             16




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                      AUGRID OF NEVADA, INC.

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


                  PART I - FINANCIAL INFORMATION

                   Item 1. Financial Statements


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                      AUGRID OF NEVADA, INC.
                           Balance Sheet
                     As of September 30, 2000


                            ASSETS
     CURRENT ASSETS

     Cash                                        $  1,919
     Prepaid Expenses                                 500
     Consultant Advances                            7,066
                                                 --------
          Total Current Assets                      9,485

     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                            (9,418)
     Depreciation
          and Amortization
                                                 --------
          Net Property and                         80,524
     Equipment

     OTHER ASSETS

     Deposit Building                              25,200
     Construction
     Deferred Charges (Note 5)                  1,571,973
                                               ----------
          Total Other Assets                    1,597,173
                                               ----------
     TOTAL ASSETS                             $ 1,687,182
                                              ===========


                    See Accountant's Review Report


/4/



                      AUGRID OF NEVADA, INC.

                           Balance Sheet

                     As of September 30, 2000


                LIABILITIES AND STOCKHOLDERS' EQUITY

     CURRENT LIABILITIES

     Account Payable - Trade                              $  68,938
     Convertible Subordinated Promissory Notes (note 4)   1,478,114

     Short-term Notes Payable (note 7)                      299,700
                                                          ---------
          Total Current Liabilities                       1,846,752

     LONG-TERM LIABILITIES

       Total Liabilities                                  1,846,752

     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)                        (2,155,081)
                                                         ----------

     Total Stockholders' Equity                           (159,570)
                                                         ----------
     TOTAL LIABILITIES AND
       STOCKHOLDERS' EQUITY                             $ 1,687,182
                                                        ===========



                  See Accountant's Review Report


/5/



                      AUGRID OF NEVADA, INC.

                        Statement of Income
        For the Nine Month Period Ended September 30, 2000


     Net Sales (Note 1)                                  $   -0-
     Interest Income                                         524
                                                         -------
     Total Revenue                                           524

     Direct Cost                                             -0-
                                                         -------
     Gross Profit                                            524
                                                         -------
     General and Administrative Expenses

     Consultants                                         299,444
     Auto Expense                                         39,394
     Insurance                                             2,020
     Rent                                                 15,927
     Repairs & Maintenance                                 5,358
     Lease Equipment                                       4,988
     Furniture Lease                                       9,866
     Direct Travel                                        99,177
     Legal Fees                                           89,855
     Accounting Fees                                      17,651
     Miscellaneous Expenses                               34,440
     Computer Expense                                     24,087
     Office Supplies                                       8,158
     Office Expense                                       14,446
     Postage and Delivery                                  4,894
     Telephone                                            36,128
                                                         -------
     Total General and Administrative Expenses           705,833
                                                         -------
     Income (Loss) Before Depreciation                  (705,309)


     Depreciation                                            -0-
                                                         -------
     Income (Loss) Before Income Taxes                  (705,309)


     Provision for Income Taxes (Note 2)                     -0-
                                                         -------
     Net Income (Loss)                               $ (705,309)
                                                       =========


                  See Accountant's Review Report


/6/



                      AUGRID OF NEVADA, INC.

                  Statement of Retained Earnings
                        As of June 30, 2000






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


     Add: Net Income (Loss) for the Period              (705,309)

     Balance, at End of Period (Deficit)             $ 2,155,081)



                  See Accountant's Review Report


/7/



                      AUGRID OF NEVADA, INC.

                      Statement of Cash Flows
                     As of September 30, 2000




       OPERATING ACTIVITIES

       Net Income (Loss)                             $ (705,309)

       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                   (7,066)
       Increase in Prepaid Expenses                        (500)
       Proceeds from Promissory Notes                  1,165,614
       Increase in Accounts Payable                       61,028
                                                       ---------
            Net Cash Used by Operating Activities     $  513,767
                                                       =========
       INVESTING ACTIVITIES

       Purchase of Equipment                             (4,955)
       Increase in Deposits Building Construction       (25,200)
       Increase in Deferred Charges                    (871,972)
                                                       ---------
            Net Cash Used by Investing Activities    $ (902,127)
                                                       =========
       FINANCING ACTIVITIES

       Proceeds from Short-term Notes Payable            299,700
                                                       ---------
       Net cash provided by financing activities         299,700
                                                       ---------
       Decrease in Cash and Cash Equivalents            (88,660)

       Cash and Cash Equivalents at Beginning of          90,579
       Period                                          ---------

       Cash and Cash Equivalents at End of Period       $  1,919
                                                       =========



                    See Accountant's Review Report


/8/



                      AUGRID OF NEVADA, INC.

                   Notes to Financial Statements
                     As of September 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                  $       7
                  Equipment                 68,080
                  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.




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                      AUGRID OF NEVADA, INC.

                   Notes to Financial Statements
                     As of September 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.



/10/



                      AUGRID OF NEVADA, INC.

                   Notes to Financial Statements
                     As of September 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.


/11/




                      AUGRID OF NEVADA, INC.

                   Notes to Financial Statements
                     As of September 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.



/12/



                      AUGRID OF NEVADA, INC.

                   Notes to Financial Statements
                     As of September 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.

     Note 7       Short-term Notes

                  The  short-term note consists  of  two  demand
                  notes payable to shareholders to be
                  Repaid in ninety (90) days, secured by company
                  stock.


/13/



       Item 2. Management's Discussion and Plan of Operation


Forward-Looking Statements

This Quarterly Report contains forward-looking statements about our
business,  financial  condition  and  prospects  that  reflect  our
assumptions  and beliefs based on information currently  available.
We  can  give no assurance that the expectations indicated by  such
forward-looking  statements  will  be  realized.   If  any  of  our
assumptions  should prove incorrect, or if any  of  the  risks  and
uncertainties underlying such expectations should materialize,  our
actual  results may differ materially from those indicated  by  the
forward-looking statements.

The key factors that are not within our control and that may have a
direct  bearing on operating results include, but are  not  limited
to,  acceptance of our services, our ability to expand our customer
base, our ability to raise capital in the future, the retention  of
key employees and changes in the regulation of our industry.

There  may  be other risks and circumstances that we are unable  to
predict.   When  used  in  this Quarterly Report,  words  such  as,
"believes,"    "expects,"   "intends,"   "plans,"    "anticipates,"
"estimates"  and  similar  expressions  are  intended  to  identify
forward-looking statements, although there may be certain  forward-
looking    statements   not   accompanied   by such    expressions.
All  forward-looking statements are intended to be covered  by  the
safe  harbor created by Section 21E of the Securities Exchange  Act
of 1934.

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 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 that 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 generated minimal revenues since its  inception.
The  Company  has limited operating history.  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  September  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.


/14/



                    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 June 30,
                         2000.  Incorporated by reference to the Company's
                         Quarterly Report for Small Business Issuers,
                         previously filed with the Commission.

         27         Financial Data Schedule

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


/15/



                            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: November 14, 2000

By: /s/ Muhammad J. Shaheed

Muhammad J. Shaheed, President

By: /s/ Mary F. Sloat-Horoszko

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


/16/