United States
               Securities and Exchange Commission
                     Washington, D.C. 20549
                    ------------------------

                           Form 10-KSB

     [X]    Annual Report Pursuant to Section 13 or 15(d) of the
           Securities Exchange Act of 1934

           For the Fiscal Year Ended December 31, 2000

     [ ]    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 0-28661

                     Augrid of Nevada, Inc.
     (Exact Name of Registrant as Specified in its Charter)

          Nevada                        88-0219656
     (State or other                (I.R.S. employer
     jurisdiction of             identification number)
     incorporation or
      organization)

 140 Public Square, Suite 108
     Cleveland, Ohio                 44114
  (Address of principal            (Zip code)
    exectuive offices)

 Registrant's Telephone Number, Including Area Code: (216) 344-9800

Securities Registered Pursuant to Section 12(b) of the Act: NONE

   Securities Registered Pursuant to Section 12(g) of the Act:
   Common Stock, $0.001 par value per share, 90,000,000 shares
  authorized, 49,889,348 issued and outstanding as of March 30, 2001.

    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 [ ]

    Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-B is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB.  [ ]

    The approximate aggregate market value of the Common Stock held
by non-affiliates of the registrant, based upon the closing price
of the Common Stock reported on OTCBB, was $1,247,234 as of April
13, 2001.(1)  For the purposes of this computation, all executive
officers, directors and 5% shareholders of the Company have been
assumed to be affiliates.  Certain of such persons may disclaim
that they are affiliates of the Company.
                  ----------------------------
/1/

               DOCUMENTS INCORPORATED BY REFERENCE

Sections of the registrant's definitive Proxy Statement for the
registrant's Annual Meeting of Stockholders, which will be filed
with the Securities and Exchange Commission, are incorporated by
reference into Part III of this Report to the extent stated
herein.

                  ----------------------------

The following discussion contains, in addition to historical
information, forward-looking statements that involve risks and
uncertainties. The Company's actual results could differ
significantly from the results discussed in the forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed
below and in Item 6, "Management's Discussion and Analysis of
Financial Condition."

                             PART I

ITEM 1 -- BUSINESS.

The Company

Augrid of Nevada, Inc., "Augrid", or "AGNV" was incorporated on
February 28, 1995, in the State of Delaware.  Augrid Corporation
completed a reverse merger with a Nevada Corporation and is now
Augrid of Nevada, Inc.  We are a publicly traded company that
will soon manufacture thin cathode ray tube technology for a
broad range of flat panel display product applications designed
for the transportation industry.  Augrid trades on the OTCBB
under the symbol "AGNV." Our headquarters are in Cleveland, Ohio.

Industry Background
Over the last 25 years, flat-panel displays - small, lightweight,
and flat instruments that display digital information - have been
undergoing technological improvements to provide a better quality
image.  In addition, the growth of FPD sales is being accelerated
by the emerging portable electronic products market, as evidenced
by the vigorous emergence of small, portable video cameras,
portable video games, handheld television sets, video displays in
the rear seats of vans, and personal digital assistants.  As FPD
sales grow, however, most customers seem to become dissatisfied
with the cost, performance and availability tradeoffs inherent in
the current technology used in FPDs.  This dissatisfaction
presents an opportunity for the products and technology we offer.

Products

By employing the use of vacuum microelectronics technology,
Augrid's licensor in conjunction with a British Research Facility
has developed a very thin device called field emission display,
that provides a technological breakthrough in CRT monitors.
These FEDs are high-resolution, full-color displays with all of
the operating characteristics of a standard cathode ray tube.
FEDs are solid-state vacuum displays that are based on the
emission of electrons from a multiple-thin-film, micron-size,
field-emission cathodes arrayed on a flat-glass substrate.
Because the display is matrix addressed -row- and column-
patterned electrodes - the advantages of a line-at-a-time digital
address is retained.  As a result, the FED becomes a truly flat,
low-power display with high resolution and high brightness; in
addition, the patented spacer technology from our licensor's
British facility allows for a glass thickness of 8 mm, resulting
in a FPD that will be thin, light, and scalable to larger sizes
without increasing the glass thickness.

/2/

This new product will be able to provide a reliable, low-power,
video-addressable color FED at a low cost.  It initially will be
targeted to the automotive industry, proven successful with
target sales and marketing goals met, we will seek and negotiate
expansion for applications which will include but are not limited
to the computer monitor industry as well as on-the-wall-
television applications.

We will initially produce for the automobile industry, although
the TCRT technology is designed to also meet the demands of other
applications, including outdoor video advertising, television and
computer monitors, as well as commercial, medical and military
screen applications.  Because we recognize that that the
technology will address three basic market demands - lower cost,
power efficiency and performance levels - our goal is to become a
broadbased provider of display screens and monitors.

The Management

Atyplical of a research and development manufacturing company,
we currently have a vertical management structure.  However,
through consultation with our advisors and board members, we
have identified key personnel who are on standby to fill
management roles for COO, CFO, Executive Vice President,
Controller and Vice Presidents of Marketing, Sales and
Manufacturing, as well as experienced high-tech salespeople.

Marketing Strategies

     Advertising

Our goal over the next two years is to create enough visibility
to support our product line in the domestic automobile industries
as well as foreign markets. To accomplish this, we will begin an
advertising campaign in various trade publications and business
magazines, keeping track of the results to maximize the return of
its advertising expenses and attend trade shows in America and
abroad.

     Sales

We plan to sell directly to first and second tier original
equipment manufacturers; in addition, we have identified several
large retail buying associations, such as the NATM group and
MARTA for the purpose of automotive after-market display
products.  Each group has 285 large electronic appliance
retailers interested in acquiring flat-panel screens in large
quantities for regional distribution among buying group members.

Goals

The worldwide display market is currently $40 billion per year
and projected to be over $60 billion by 2005; the FPD market is
approximately $9.5 billion and estimated to be $35 billion by
2005.  We believe our FPD will have the potential to displace
other display technologies because of its cost effectiveness,
efficiency and overall advanced product.

/3/

We also anticipate developing strong ties with major computer
manufacturers, such as Dell, Gateway, Phillips in Europe and IBM
in America.  Although these relationships are not currently
solidified, its goal within the next three years is to become
synonymous with leading-edge technology in the lap top and desk-
mounted computer monitor market and the evolving television
industry, such as wall-mounted digital televisions.

We are committed to the production of superior display technology
products that are exclusively designed to change the way people
see things.  Through world-class practices and a persistent
commitment to excellence, we hope to be the best in all the
markets it serves.

Competition

Our competition comes from the active matrix liquid-crystal
displays, plasma displays and electro-luminescent panels.  These
products, though, are hindered by the limitations of their
underlying technologies.  For example, the user usually has to
experiment to find the optimal angle to view one of these
screens; if there is direct sunlight, the screen becomes
difficult to view.  These technologies become expensive when
producing full-color and high-image refreshment rates-not a
problem when most FPDs did not require those features. With the
demands now being made on mobile communications, however,
wireless and video industries are at decision points; these
industries' future will be determined by their ability to develop
and provide a product that is currently not available, and to do
it economically.  We believe we can efficiently manufacture FPDs
with enhanced color and video rates without the significant
power, thickness and cost penalties generally attributed to LCDs
with comparable features.  It is confident that its licensed
TCRT/FED technology is better than the current alternatives and
that it will be able to provide the hardware to support the
demand for such technology.

Our exclusive licensing agreement denotes what is believed to be
the first truly operational, scalable and replicable FPD
technology.  In addition, we believe the uniqueness of the
proprietary technology resides with the incorporation of a
proprietary ceramic backplane, what is which we believe will
allow them to hurdle pricing, power and size obstacles that
currently face all other manufacturers in the FPD industry.

RISK FACTORS

The following discussion contains, in addition to historical
information, forward-looking statements that involve risks and
uncertainties.  Our actual results could differ significantly
from the results discussed in the forward-looking statements.
Factors that could cause or contribute to such differences
include, but are not limited to, those discussed below and in
Item 6, "Management's Discussion and Analysis of Financial
Condition or Plan of Operation."

Limited Operating History

Augrid is a developmental stage company with a limited operating
history.  Investors should be aware of the difficulties
encountered by such enterprises, as we face all the risks
inherent in any new business.  These risks include, but are not
limited to: the difficulty of bringing our products from the
development into the mass-production stage, the attainment of
sufficient market penetration in order to recover costs and
generate profit, recruitment of qualified personnel, the

/4/

competition from alternative technologies, general economic
conditions and other factors, some of which are beyond our
control.  Our future success will depend in part upon our ability
to generate sufficient funds from operations or to obtain
sufficient equity or debt financing on favorable terms to support
our growth.  There can be no assurance that we will be successful
in addressing these risks and that we will be able to continue
our operations profitably, if at all.

Need for Additional Capital

We currently have no revenue-producing operations.  Monies
raised from previous Common Stock offerings may not be
sufficient to execute our entire business plan.  Further, if
additional capital is required to continue existing operations
we cannot with any great certaintude forecast how much
additional capital will be required or guarantee that additional
financing can be obtained, or if obtainable, that the terms will
be satisfactory, or that such financing would not result in a
substantial dilution of shareholder's interest.

Industry Factors, Competition and Economic Conditions

The flat panel display industry is intensely competitive as
various firms invest in research and development trying to come
up with a more efficient technology and capture the growing
market.  Our competitors include manufacturers of liquid crystal
displays, plasma displays and electro-luminescent (EL) panels.
Some competitors are well established and have substantially
greater financial, marketing, personnel and other resources.
There can be no assurance that we will be able to compete
successfully in the future or that competition will not have a
material adverse effect on our results of operations.  The macro-
economic factors, such as growth rates, inflation and
availability of credit can also significantly affect our
business.

Dependence upon Management and Key Personnel

We currently are heavily dependent on the skill, acumen and
services of our management team, which consists of Muhammad J.
Shaheed, Mary F. Sloat-Horszko, Essa Mashni and Michael M.
Makki.  Our success will also be largely dependent upon our
ability to continue to attract quality management and employees
as our operations grow.  Retention of research, development,
sales and administrative professionals is particularly important
to our success.

Shares Eligible for Future Sale

Future sales of substantial numbers of shares of our Common
Stock, or the perception that such sales could occur, may have a
material adverse effect on our ability to raise additional
capital on favorable terms.  As of the date of this filing, we
have 49,889,348 common shares issued and outstanding.  The
majority of these issued and outstanding common shares are
currently restricted pursuant to Rule 144 promulgated by the SEC
under the Securities Act of 1933, as amended.  Rule 144
provides, in essence, that a person holding restricted
securities for one year from the date the securities were
purchased from the issuer, or an affiliate of the issuer, and
fully paid, may sell limited quantities of the securities to the
public without registration, provided there shall be certain
public information with respect to the issuer.  Pursuant to Rule
144, securities held by non-affiliates for more than two years
may generally be sold without reference to the current public
information or broker transaction requirements, or the volume
limitations.  The sale of some or all of the currently
restricted Common Stock could have a material negative impact
upon the market price of our Common Stock.

/5/

ITEM 2. -- PROPERTIES.

Our corporate headquarters are located at 140 Public Square, The
Park Building, Suite 108, Cleveland, Ohio 44114.  These
facilities consist of approximately 825 square feet of standard
office space.  We have use of this space through a lease
arrangement with Park Investment Company, a non-related party.
The lease is for approximately $1.27 per square foot per month
($1,050 per month) and is at commercially favorable rates in the
opinion of management.  We do not have any additional facilities,
and believes that this space is adequate given our current office
and administrative requirements.

ITEM 3 -- LEGAL PROCEEDINGS.

We are considering potential litigation and claims against
former corporate officers for acts, which may include
misrepresentation, misappropriation of corporate assets, breach
of fiduciary duty and usurpation of corporate opportunities.

We have the following claims pending against it:

(1)  Virtual Design and Animation - Virtual Design and Animation
    has a judgement against Augrid Corporation with regard to a
    contract dispute.  This judgement is in the amount of twenty-five
    thousand dollars ($25,000).
(2)  Orchard's way Realty - Orchard's Way Realty filed litigation
    against Augrid Corporation regarding a property lease.  The
    litigation was settled for twenty-five thousand dollars ($25,000)
    and all settlement payments were concluded in March, 2000.

ITEM 4 -- SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

/6/

                             PART II

ITEM 5 -- MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS.

Our common stock, par value $0.001 per share, is traded on the
Over-the-Counter Bulletin Board (OTCBB) under the symbol "AGNV."

Our common stock was cleared for trading on the OTCBB on March 3,
2000 and began formal trading on March 7, 2000.  The following
table sets forth the high and low price for our common stock on
the OTCBB.

                                               HIGH       LOW
     2000
     For the period (Oct 1, 2000 to
     Dec 31, 2000)                              .28       .03

Our OTCBB quotations reflect inter-dealer prices, without retail
mark-ups, markdowns or commissions, and may not necessarily
represent actual transactions.

HOLDERS

As of December 31, 2000 there were 514 stockholders of record and
2 beneficial owners of our Common Stock.

DIVIDEND POLICY

We have not paid cash dividends on our Common Stock and do not
intend to pay any cash dividends in the foreseeable future.

SALES OF UNREGISTERED SECURITIES

No  securities  have either been issued or sold within  the  past
three years.

/7/

ITEM  6  --  MANAGEMENT'S  DISCUSSION AND  ANALYSIS  OR  PLAN  OF
OPERATION.

                   FORWARD LOOKING STATEMENTS

The statements contained in this report that are not historical
facts are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act.  Forward-looking
statements are made based upon management's current expectations
and beliefs concerning future developments and their potential
effects upon the Company. There can be no assurance that future
developments affecting the Company will be those anticipated by
management.  Actual results may differ materially from those
included in the forward-looking statements.

Readers are also directed to other risks and uncertainties
discussed in other documents filed by the Company with the
Securities and Exchange Commission.  The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, future developments or
otherwise.

Overview
We were organized August 4, 1995, and are considered to be a
development stage company.  Our business objective is to assist
in the process of developing proprietary flat panel display
technology.  We have a limited operating history and have yet to
generated revenues from our operations.  Activities to date have
been primarily designed to further our principal business
objective as stated previously.  As we have been focusing solely
on design and development activities leading up to the launch of
the product line, we have not engaged in any major sales efforts.
Future operating results will depend on many factors, including
our ability to raise adequate working capital, demand for our
products, the level of competition and our ability to satisfy
governmental regulations and deliver our products while
maintaining quality and controlling costs.

Results of Operations
For the year ended December 31, 2000.

Revenues. Augrid of Nevada is a developmental stage company as
defined in SFAS #7.  We have not generated any revenues to date.
Substantially all of our efforts have been devoted to: (1)
developing our technology in the flat-panel display market, (2)
seeking strategic alliances to obtain assistance with the
development of flat-panel technology and (3) maintaining our
12(g) reporting requirements with the Securities Act of 1934.
Expenses. The Company incurred expenses for the year ended
December 31, 2000, totaling $834,319.  Over one-third of these
expenditures were related to costs incurred for consulting
services.  The remainder of the expenses were largely
attributable to general and administrative expenses, legal fees
and travel and auto expenses.  We believe these expenses to be an
important investment in the future of our company and necessary
to the continuation of our business plan.
Net Loss. Due to significant operating expenses, we experienced a
net loss of $833,795 for the year ended December 31, 2000.  This
loss was anticipated by management as we are currently only in
the initial stages of executing our business plan.

/8/

Future Business

We hope in the next 12 months to generate capital from internal
revenues and earnings from the sale of our proposed products and
technologies.  If we are unable to generate revenues from such
products and technologies, we will need to raise additional funds
to meet our cash requirements.

It continues to be our intent to seek to raise additional capital
via a private placement offering and to explore the benefits of
potential alternative restructuring plans.  In the meantime, our
management plans to advance funds to the Company on an as-needed
basis, although there is no definitive or legally binding
arrangement to do so.  We currently have no arrangements or
commitments for accounts and accounts receivable financing.
There can be no assurance that any such financing can be obtained
or, if obtained that it will be on reasonable terms.

We believe that our initial revenues will be primarily dependent
upon our ability to cost effectively and efficiently develop a
viable flat-panel display technology.  Realization of sales of
our products and technology during the fiscal year ending
December 31, 2001 is vital to our plan of operations.  If we are
unable to do so, it will have a material adverse effect on our
business, results of operations and financial condition.

Liquidity and Capital Resources
We have generated no revenues during this period and it is
unknown when we will generate significant revenues.  The receipt
of funds from Private Placement Offerings or loans obtained
through private and public sources by Augrid of Nevada may be
anticipated to offset our near term cash equivalents for the next
12 to 24 months.

We have financed our cash flow requirements through issuances of
common stock, preferred stock and debentures.  During our normal
course of business, we may experience net positive cash flows
from operations, attributable to the issuance of notes payable
and capital stock, pending receipt of revenues.  Further, we may
be required to obtain additional financing to fund operations
through further common or preferred stock offerings, bank
borrowings and loans, to the extent available, or to obtain
additional financing to the extent necessary to augment our
working capital.  Our accounting firm has noted that without the
realization of additional capital , it would be unlikely for the
Company to continue as a going concern.

/9/

ITEM 7. -- FINANCIAL STATEMENTS.


                     AuGRID OF NEVADA, INC.

                      FINANCIAL STATEMENTS
                      FOR THE PERIOD ENDED
                        DECEMBER 31, 2000
                          TOGETHER WITH
                   ACCOUNTANT'S REVIEW REPORT




                        TABLE OF CONTENTS




                                                               PAGE NO.
                                                               --------
Accountant's Review Report                                         1

Balance Sheet as of December 31, 2000                            2 & 3

Statement of Income for the Year Ended December 31, 2000           4

Statement of Retained Earnings as of December 31, 2000             5

Statement of Cash Flows As of December 31, 2000                    6

Notes to the Financial Statements as of December 31, 2000        7 - 11


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




To the 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
December 31, 2000, and the related statement of income, retained
earnings and cash flows for year ended December 31, 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 NEVADA, INC.

A review consists principally of inquires 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 material modifications
that should be made to the accompanying financial statements in
order for them to be in conformity with generally accepted
accounting principles.


/s/ Henry L. Creel Co., Inc.


March 18, 2001



           3587 LEE ROAD   SHAKER HEIGHTS, OHIO 44120



                                1


                     AuGRID OF NEVADA, INC.
                          Balance Sheet
                     As of December 31, 2000


                             ASSETS

CURRENT ASSETS

Cash                                                 $        922
                                                     ------------
Total Current Assets                                          922

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

Deposits Building Construction                             21,341
Deferred Charges ( Note 5)                              1,687,907
                                                     ------------

Total Other Assets                                      1,709,248
                                                     ------------

TOTAL ASSETS                                         $  1,790,694
                                                     ============

                 See Accountant's Review Report

                                2

                     AuGRID OF NEVADA, INC.
                          Balance Sheet
                     As of December 31, 2000




              LIABILITIES AND STOCKHOLDERS' EQUITY



CURRENT LIABILITIES

Account Payable - Trade                             $      62,336
Short-term Notes Payable (note 7)                         299,700
                                                    -------------
Total Current Liabilities                                 362,036

LONG-TERM DEBT

Total Long-Term Debt                                          -0-
                                                    -------------
Total Liabilities                                         362,036

STOCKHOLDERS' EQUITY

Capital Stock

Preferred Stock $ 0.001 par value 10,000,000 shares
authorized and 317,500 shares issued and                  127,000
outstanding

Common stock- with $0.001 par value 90,000,000
shares
authorized; 49,889,348 shares issued and
outstanding,
and stated at:                                          3,585,225

Retained Earnings (Deficit)                            (2,283,567)
                                                    -------------

Total Stockholders' Equity                              1,428,658
                                                    -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $   1,790,694
                                                    =============


                 See Accountant's Review Report

                                3


                     AuGRID OF NEVADA, INC.
                       Statement of Income
              For the Year Ended December 31, 2000


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

Direct Cost                                                   -0-

Gross Profit                                                  524

General and Administrative Expenses

Consultants                                               373,554
Auto Expense                                               49,205
Insurance                                                   2,888
Rent                                                       19,655
Repairs & Maintenance                                       5,537
Lease Equipment                                             7,609
Furniture Lease                                             9,866
Direct Travel                                             104,260
Legal Fees                                                 91,855
Accounting Fees                                            18,301
Miscellaneous Expenses                                     44,684
Computer Expense                                           25,053
Office Supplies                                             8,426
Office Expense                                             20,496
Postage and Delivery                                        7,214
Telephone                                                  45,716
                                                     ------------
Total General and Administrative Expenses                 834,319
                                                     ------------
Income (Loss) Before Depreciation                        (833,795)

Depreciation                                                  -0-
                                                     ------------
Income (Loss) Before Income Taxes                        (833,795)

Provision for Income Taxes (Note 2)                           -0-
                                                      -----------
Net Income (Loss)                                     $  (833,795)
                                                      ===========

                 See Accountant's Review Report

                                4


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




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

Add: Net Income (Loss) for the Year                  (    833,795)
                                                     -------------
Balance, at End of Year (Deficit)                    ($ 2,283,567)
                                                     =============

                 See Accountant's Review Report

                                5


                     AuGRID OF NEVADA, INC.
                     Statement of Cash Flows
                     As of December 31, 2000


OPERATING ACTIVITIES

Net Income (Loss)                                 $     (833,795)

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 Accounts Payable                              54,426
                                                  --------------
Net Cash (Used) by Operating Activities                 (779,369)

INVESTING ACTIVITIES

Purchase of Equipment                                     (4,955)
Increase in Deposits Building Construction               (21,341)
Increase in Deferred Charges                            (987,906)
                                                  --------------
Net Cash Used in Investing Activities                 (1,014,202)

FINANCING ACTIVITIES

Proceeds from Common Stock Issuance                     1,404,214
Proceeds from Short-term Notes Payable                    299,700
                                                  ---------------
Net Cash Provided by Financing Activities               1,703,914
                                                  ---------------
Decrease in Cash and Cash Equivalents                     (89,657)

Cash and Cash Equivalents at Beginning of Year             90,579
                                                  ---------------
Cash and Cash Equivalents at End of Year          $           922
                                                  ===============

                 See Accountant's Review Report

                                6


                     AUGRID OF NEVADA, INC.
                  Notes to Financial Statements
                     As of December 31, 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 December 31, 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 2001 or early 2002.

               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 December 31, 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 12, 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 December 31, 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.

              The agreement with the company, the entire
              interest, was automatically converted to shares
              of the Company's Common stock on October 17,
              2000.

      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 December 31, 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.


                               11


ITEM 8. -- CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURES

We have had no disagreements with our independent accountants in
the year 2000.

/10/

                            PART III

ITEM 9. -- DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

The name, age, position and date of appointment of our directors
and executive officers are as follows:

      Name               Age          Position           Appointed
      ----               ---          --------           ---------
  Muhammad J. Shaheed    33      President, CEO and     March 1998
                                       Chairman

  Mary F. Sloat-         33     Secretary, Treasurer,   February 1999
    Horoszko                       CFO and Director

  Essa Mashni            36          Director           February 1999

  Michael M. Makki       38          Director           February 1999

Muhammad J. Shaheed, President, CEO and Chairman of the Board -
Mr. Shaheed has been the President, CEO and Chairman of the
Company since March of 1998. A native of Cleveland, Ohio, Mr.
Shaheed attended Cleveland State University from 1986 to 1988,
majoring in Physics and Computer Science.  From 1986 through
1987, Mr. Shaheed assisted in the general instruction of math
and science to children at the elementary level - specializing
in teaching handicapped and children with severe behavioral
problems.  From 1987 to 1990, Mr. Shaheed was a manager with the
National Theatre Corporation in Cleveland Heights, Ohio with
overall management responsibility for customer relations,
inventory, promotions, marketing and accounting.  From 1990 to
1993, Mr. Shaheed was a systems engineer for Integrated Business
Solutions located in Lyndhurst, Ohio.  He was responsible for
the construction of complete computer hardware systems,
specifications, BIOS, cache and reconfiguring computer
operational systems.  Worked on program that assisted the Dean
of the Artificial Intelligence Department at Case Western
Reserve.  Assisted as a Holistic Programming expert, analyst and
overall troubleshooter relating to maximum and minimum system
capacity.  Since the founding of the Company, Mr. Shaheed had
headed the research and development of Flat Panel Technologies
in accordance with the United States Government Flat Panel
Display Initiative; provided clients with systems engineering,
CAD electronic circuit design work for high and low temperature
ceramic tape, thermal analysis for 100% superconductive
material, construction of complete complex computer systems and
specifications, BIOS, cache and providing current clients with
systems analysis and overall trouble shooting.  From 1994 to
March of 1998, Mr. Shaheed's focus and dedication was directed
solely to acquiring a viable flat screen technology to be
implemented in the United States in the areas of auto, military
and consumer electronics.  During this time, a concentrated and
inordinate amount of time was spent with Ceravision, Ltd., in
the research and development, as well as the formulation and
identification of market-specific applications in the United
States.

Mary F. Sloat-Horoszko, Secretary/Treasurer, CFO and Director -
Mrs. Sloat-Horoszko has been the Secretary/Treasurer and
Director of the Company since February of 1999.  Mrs.
Sloat-Horoszko, a graduate of Ohio State University, holds a
Bachelor of Arts Journalism Degree with specialization in

/11/

Broadcast Communication and Marketing.  From 1992 until 1994,
Mrs. Sloat-Horoszko was a Producer and On-Air Coordinator for
Cleveland, Ohio based WWWE-Newsradio.  During this time, her
responsibilities were Guest/Topic development and coordination;
marketing and program/station promotional development as well as
corporate and community events.  From 1994 through 1996, she
served as Director of Marketing, responsible for product
development, marketing and advertising, for Illinois Insurance
Brokerage Services, Chicago, Illinois.  Late 1996 through 1997,
Ms. Sloat-Horoszko served as Director of Marketing and Sales for
RAE Enterprises of Chagrin Falls, Ohio, where she was
responsible for corporate sales, marketing, assessments, program
development and facilitation.  Clients included General Motors,
IBM, UAW/Ford and Rubbermaid.  Since joining the Augrid team,
Ms. Sloat-Horoszko has dedicated her efforts to the daily
functions of the corporation in addition to the market
segmentation, sizing, planning and execution of the up and
coming product lines of the Company.

Essa Mashni, Director - Mr. Mashni has been a director of the
Company since February, 1999.  Mr. Mashni holds a Bachelor in
Pharmacy from the Wayne State College of Pharmacy in Detroit,
Michigan.  He attended Wayne State University from 1985 to 1986
and the University of Michigan from 1983 to 1985.  He is a
member of the American Pharmaceutical Association and the
Michigan Pharmacy Association.  He also is a member of the
American Ramallah Federation, St. Mary's Antiochian Orthodox
Church and is active in the Ramallah Boys Club.  He is currently
a Chief Pharmacist with Arbor Drugs and has acted in such
capacity for the past five (5) years.

Michael M. Makki, Director - Mr. Makki finished his bachelor's
degree in Electrical Engineering in 1986 and attended the NBA
program at Wayne State University in Detroit, Michigan.  This
lead to a career in Insurance Sales.  Mr. Makki has attained the
highest sales awards in each company he has worked with.  He
qualified for the prestigious Million Dollar Round Table (MDRT)
his first year in the insurance business and as well as
president conferences in each Prudential and MetLife.

In addition to owning an insurance agency, Mr. Makki is
currently involved in the Mortgage Business as well as the
transportation business.  He is the sole owner of a mortgage
company that employs 25 people and a 33% owner of a
transportation company that has national contracts with
multinational and Fortune 100 companies to handle their total
ground transportation needs.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires the
Company's directors and executive officers, and persons who own
more than ten percent of a registered class of the Company's
equity securities, to file with the SEC initial reports of
ownership and reports of changes in ownership of Common Stock and
other equity securities of the Company. Officers, directors and
greater than ten-percent stockholders are required by SEC
regulations to furnish the Company with copies of all Section
16(a) forms they file.
To the Company's knowledge, based solely on review of the copies
of such reports furnished to the Company and written
representations that no other reports were required during the
fiscal year ended December 31, 2000, its officers, directors and
greater than ten percent beneficial owners complied with all
Section 16(a) filing requirements.


ITEM 10. -- EXECUTIVE COMPENSATION.

The following table discloses compensation paid during the fiscal
year ended December 31, 2000 to (i) the Company's Chief Executive
Officer, and (ii) individual(s) who were the only executive

/12/

officers, other than the Chief Executive Officer, serving as
executive officers at the end of 2000 whose total salary and
bonus exceeded $100,000 (the "Named Executive Officers").


                                          ANNUAL
                                       COMPENSATION      ALL OTHER
   NAME AND PRINCIPAL                SALARY    BONUS   COMPENSATION
        POSITION              YEAR     ($)       ($)        ($)
        --------              ----     ---       ---        ---
Muhammad J. Shaheed           2000   110,000      0          0
President, CEO and Chairman


  STOCK OPTIONS GRANTED IN LAST FISCAL YEAR

No stock options were granted in the previous year.

  COMPENSATION OF DIRECTORS

Our only directors are the current executive officers that are
already drawing salaries for the management of our Company.  They
are reimbursed for reasonable expenses incurred in connection
with attendance at meetings of the Board and of Committees of the
Board; however, they do not receive any additional compensation
for their services as directors.  Accordingly, it may be
necessary for us to compensate newly appointed directors in order
to attract a quality governance team.  At this time we have not
identified any specific individuals or candidates nor have we
entered into any negotiations or activities in this regard.

  EMPLOYMENT AGREEMENTS

No such agreement(s) exists between any executive and the
Company.


ITEM  11. -- SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS  AND
MANAGEMENT.

The following table sets forth certain information as of December
31, 2000 with respect to the beneficial ownership of the
Company's Common Stock by: (i) all persons known by the Company
to be beneficial owners of more than 5% of the Company's Common
Stock, (ii) each director and Named Executive Officer, and (iii)
by all executive officers and directors as a group.


     Name and Address             Shares        Percentage of Shares
                               Beneficially          Outstanding
                                  Owned
    ------------------         ------------     ---------------------
  Muhammad J. Shaheed (1)        27,060,000              54.24%

  Mary F. Sloat-Horoszko (1)        750,000               1.50%

  Essa Mashni (1)                    72,000               0.14%

  Augrid Corporation (2)          1,000,000               2.00%

  Summer International (3)        4,850,000               9.72%

 /13/

  All Executive Officers         27,882,000 (4)          55.89%
  and Directors as a Group
  (3 persons)

Footnotes to Principal shareholders:

1.   The address of each executive officer and director is c/o
     140 Public Square, The Park Building, Suite 108, Cleveland,
     Ohio 44114.
2.   Augrid Corporation ("Augrid of Delaware") is majority-owned
     by the Company's current officers and directors; they own
     54.70% of this company's issued and outstanding common
     stock.
3.   This company is currently owned by Joseph Cornwell, a
     shareholder of the Company.
4.   Not including each executive officer's ownership of the
     Company through ownership of the shares of Augrid of
     Delaware, Inc. or Summer International.


ITEM 12. -- CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Not Applicable.


ITEM 13. -- EXHIBITS

  (a)   Exhibits:
A list of exhibits required to be filed as part of this Annual
Report is set forth in the Index to Exhibits, which immediately
precedes such exhibits and is incorporated herein by reference.

  (b)   Reports on Form 8-K:
We have not filed any reports on Form 8-K during the last quarter
of the fiscal year ended December 31, 2000.

/14/

                           SIGNATURES


In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                   AUGRID OF NEVADA, INC.


Date:  April 16, 2001


                                   By:  /s/ Muhammad J. Shaheed
                                      -------------------------
                                      Muhammad J. Shaheed
                                      President, CEO and
                                      Chairman



In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated



Date:  April 16, 2001


By:  /s/ Muhammad J. Shaheed
   -------------------------
   Muhammad J. Shaheed
   President, CEO and Chairman (Principal Executive Officer)



Date:  April 16, 2001


By:  /s/ Mary F. Sloat-Horoszko
   ----------------------------
   Mary F. Sloat-Horoszko
   Secretary, Treasurer and Director

/15/

                        INDEX TO EXHIBITS


Exhibit    Name and/or Identification of Exhibit
Number

2 (1)  Plan of Acquisition,
       Reorganization,
        Arrangement, Liquidation, or
        Succession
        a. Asset Purchase Agreement with   Rendered as Previously
           Augrid Corporation              Filed
        b. Amendment to Asset Purchase     Rendered as Previously
           Agreement                       Filed

3 (1)  Articles of Incorporation & By-
       Laws
        a. Articles of Incorporation of    Rendered as Previously
           the Company filed August 5,     Filed
           1995
        b. Certificate of Amendment of     Rendered as Previously
           Articles of Incorporation of    Filed
           the Company filed March 18,
           1998
        c. By-Laws of the Company adopted  Rendered as Previously
           August 4, 1995                  Filed

  23   Consent of Experts and Counsel
           Consent of independent public
           accountant