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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB/A
                                (Amendment No. 2)

(Mark One)

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

For the fiscal year ended December 31, 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 000-28661

                             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 No.)
incorporation or organization)

                  2275 East 55th Street, Cleveland, Ohio 44103
                    (Address of Principal Executive Offices)

                                  216.426.1589
                (Issuer's Telephone Number, including Area Code)

     The Park Building, 140 Public Square, Suite 200, Cleveland, Ohio 44114
              (Former name, former address and former fiscal year,
                         if changed since last report)

Securities registered under Section 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act: Common Stock

Check whether the issuer:  (1) filed all reports required to be filed by Section
13 or 15(d) of the  Exchange  Act  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 [ ]




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Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will 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 [X]

State issuer's revenues for its most recent fiscal year:

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 $2.494,468 as of June 20, 2001.

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  64,179,053 shares of common stock at
October 1, 2001.

Transitional Small Business Disclosure Format (check one):

Yes [ ]           No [X]

                       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.

                                 AMENDMENT NO. 2

This  Amendment  No. 2 to the Annual  Report on Form  10-KSB for the fiscal year
ended  December  31, 2000 is being filed to amend Part II, Item 7, to revise the
audited financial  statements  included in Amendment No. 1 to the Form 10-KSB as
previously  filed.  This report also amends Part III,  Item 13, to include as an
exhibit the required  consent of the  independent  auditing firm to inclusion of
its revised report in this filing.

                                     PART II

ITEM 7 FINANCIAL STATEMENTS

Auditor's Report

Balance Sheet as of December 31, 2000

Statement of Income for the year ended December 31, 2000

Statement of Retained Earnings as of December 31, 2000

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


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                            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.

                          Independent Auditor's Report

I have  audited  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 the year then ended.
These   financial   statements  are  the   responsibility   of  management.   My
responsibility  is to express an opinion on these financial  statements based on
my audit.

I conducted my audit in accordance with generally  accepted auditing  standards.
Those standards  require that I plan and perform the audit to obtain  reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management  as well as  evaluating  the overall  presentation  of the  financial
statements. I believe that my audit provides a reasonable basis for my opinion.

As  discussed in note 6, the Company is currently  involved in  litigation.  The
ultimate  outcome  of the  litigation  cannot  presently  be  determined  and no
provision  for any liability  that may result has been made in the  accompanying
financial statement.

In my opinion,  with the exception matter described in the preceding  paragraph,
the  financial  statements  referred to above  present  fairly,  in all material
respects, the financial position of AuGRID OF NEVADA, INC. (A Nevada Development
Stage  Corporation)  as of December 31, 2000,  and the results of its operations
and its cash  flows  for the year  then  ended,  in  conformity  with  generally
accepted accounting principles.

Respectfully,

/s/ Henry L. Creel

Henry L. Creel, CPA

October 29, 2001








                    3587 LEE ROAD SHAKER HEIGHTS, OHIO 44120


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                             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
    Licensing Agreement ( Note 5)                                 1,687,907

         Less Amortization                                         (583,247)
                                                                   ---------

    Net Licensing Agreement                                       1,104,660
                                                                  ---------

         Total Other Assets                                       1,126,001
                                                                  ---------

TOTAL ASSETS                                                    $ 1,207,447
                                                                ===========


         The accompanying notes are an integral part of this statement.


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                             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 outstanding           127,000

Common stock- with $0.001 par value 90,000,000 shares
       authorized; 58,268,469 shares issued and outstanding,
       and stated at:                                               3,585,225

    Retained Earnings (Deficit)                                   ( 2,866,814)
                                                                  ------------

         Total Stockholders' Equity                                   845,411

TOTAL LIABILITIES AND
    STOCKHOLDERS' EQUITY                                        $   1,207,447
                                                                =============



         The accompanying notes are an integral part of this statement.




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                             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
                                                                         -----

General and Administrative Expenses

    Consultants                                                        162,884
    Secretarial Services                                                39,542
    Public Relations                                                   131,953
    Auto Expense                                                        49,205
    Insurance                                                            2,888
    Rent                                                                19,655
    Repairs & Maintenance                                                5,537
    Lease Equipment                                                      7,609
    Furniture Lease                                                      9,866
    Travel and Lodging                                                 104,260
    Legal Fees                                                          91,855
    Accounting Fees                                                     18,301
    Professional Fees                                                   24,564
    Miscellaneous Expenses                                              44,684
    Computer Expense                                                    39,664
    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
Amortization                                                          (337,582)
                                                                      ---------

Income (Loss) Before Income Taxes                                  ( 1,171,377)

Provision for Income Taxes (Note 2)                                        -0-
                                                                 -------------

       Net Income (Loss)                                          $( 1,171,377)
                                                                  =============

         The accompanying notes are an integral part of this statement.



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                             AUGRID OF NEVADA, INC.
                         Statement of Retained Earnings
                             As of December 31, 2000

Balance, at Beginning of Year (Deficit)                         ($ 1,695,437)

Add: Net Income (Loss) for the Year                             (  1,171,377)
                                                                --------------

Balance, at End of Year (Deficit)                               ($ 2,866,814)
                                                                ==============





















         The accompanying notes are an integral part of this statement.





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

OPERATING ACTIVITIES

      Net Income (Loss)                                          $  (1,171,377)

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

      Depreciation and Amortization                                    337,582

Changes in Operating Assets and Liabilities Net:

        Increase in Accounts Payable-Trade                              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
                                                                ==============




         The accompanying notes are an integral part of this statement.


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                             AUGRID OF NEVADA, INC.

                          Notes to Financial Statements
                             As of December 31, 2000

NOTE 1            SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                  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.

                  A.  Method of Accounting

                  The  financial  records of the company are  maintained  on the
                  accrual basis of accounting.

                  B.  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                    2,731            7
                  Office Equipment                         14,176            5
                                                       ----------
                  Total Property & Equipment           $   84,987
                                                       ==========

                  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.

                  C.  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.

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.






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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 the 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.

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 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.



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NOTE 5            LICENSING AGREEMENT

                  Licensing Agreement consist of the cost in obtaining the
                  licensing agreement with Ceravision Limited, Inc The cost is
                  amortized over a period of 5 years..

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.

                                    PART III

ITEM `13          EXHIBITS, LIST AND REPORTS ON FORM 8-K

         (a)      Exhibits (Reference Numbers are to Item 601 of Regulation S-B)

                  2        Plan of Acquisition

                           Asset Purchase Agreement between the Company and
                           AuGRID Corporation, a Delaware corporation, dated
                           March 12, 1998 (the "Asset Purchase Agreement") and
                           incorporated by reference to Exhibit 2 to the
                           Company's Form 10-SB, filed with the Commission on
                           December 27, 1999.

                  3        Articles of Incorporation & By-Laws

                           (i)      Articles of Incorporation of the Company
                                    filed with the Nevada Secretary of State on
                                    August 4, 1995, incorporated by reference to
                                    Exhibit 3(i) to the Company's Form 10-QSB,
                                    filed with the Commission on June 13, 2001

                           (ii)     Certificate of Amendment of Articles of
                                    Incorporation of the Company filed with the
                                    Nevada Secretary of State on March 18, 1998,
                                    incorporated by reference to Exhibit 3(ii)
                                    to the Company's Form 10- QSB, filed with
                                    the Commission on June 13, 2001

                           (iii)    By-Laws of the Company adopted August 4,
                                    1995, incorporated by reference to Exhibit 3
                                    to the Company's Form 10-SB, filed with the
                                    Commission on December 27, 1999.

                  23       Consent of Independent Auditors

         (b)      Reports on Form 8-K

                  None




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                                   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.


                             By:/s/ Muhammad J. Shaheed
                                ------------------------------------------------
                                     Muhammad J. Shaheed, President, Chief
                                     Executive Officer and Chairman
                                     Date: October 31, 2001

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.

                             By: /s/ Muhammad J. Shaheed
                                 -----------------------------------------------
                                      Muhammad J. Shaheed, President, Chief
                                      Executive Officer and Chairman (principal
                                      executive officer)
                                      Date:  October 31, 2001

                             By: /s/ Mary F. Sloat-Horoszko
                                 -----------------------------------------------
                                      Mary F. Sloat-Horoszko, Secretary,
                                      Treasurer and Director (principal
                                      financial officer and principal accounting
                                      officer)
                                      Date:  October 31, 2001

                             By: /s/ Myron Finkelstein
                                 -----------------------------------------------
                                      Myron Finkelstein, Director
                                      Date:  October 31, 2001

                             By: /s/ Earle Higgins
                                 -----------------------------------------------
                                      Earle Higgins, Director
                                      Date:  October 31, 2001

                             By: /s/ Michael Makki
                                 -----------------------------------------------
                                      Michael Makki, Director
                                      Date:  October 31, 2001

                             By: /s/ Essa Mashni
                                 -----------------------------------------------
                                      Essa Mashni, Director
                                      Date:  October 31, 2001