SUGAR LAND, Texas - Oct. 25 - Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) is pleased to announce that they were represented in a press conference, held October 20th at the U.S. Dept. of Commerce's Manhattan Federal Plaza, to publicize the upcoming U.S. trade mission to China. The press conference featured a Cooperation Agreement Execution Ceremony, at which a ceremonial LOI was signed between The Tianjin Trade Delegation (China) and Global Development Enterprise based in New York. The ceremonial LOI, confirming the parties' cooperation in creating a strategic alliance relationship was witnessed by Mr. Ron Urba (U.S. Dept. of Commerce) and Mrs. Alice Chan (U.S. Commercial Service).
David Chen, President of Global Development Enterprise, who is also Chairman of the U.S. Dept. of Commerce, Minority Enterprise Franchise Expo Executive Committee, will be representing Exousia Advanced Materials, along with one other company, in leading this U.S. Trade Mission to visit 10 cities in 12 days. One of the items on the agenda will be to determine the most suitable city for Exousia to establish its Asian headquarters, storage logistics and manufacturing facility.
The Tianjin Trade Delegation, led by its Chairman, Mr. Zen Li Zhang, is one of the largest state-owned enterprises in China with over twenty subsidiaries in many different fields. Mr. Zhang stated that he would welcome a U.S. Trade Mission to visit China on October 28th to promote the mutual, bilateral economic development of the two parties.
Mr. J. Wayne Rodrigue, CEO of Exousia, said, "Our objective is to promote and develop markets for U.S. made advanced materials for manufacturing and maintenance; specifically, engineered-resin products like RPA® and Vistamer®, developed by Exousia." Rodrigue further stated, "We expect to visit many of the largest manufacturers in China, such as Shanghai Automotive, Chang-An Automotive, Chongqing Hsun Motors and China Southern Power Grid, to name a few. There will also be product presentation seminars, held with the assistance from various Chinese government agencies, to promote Exousia products."
Exousia believes that this strategic relationship will assist in providing a strong foundation for solid growth and revenues in the months and years ahead.
Forward-Looking Statements
Statements released by Exousia Advanced Materials, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
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