Exousia Has Reached Agreements to Sell 225,000 Gallons of VISTAMER Based Industrial Epoxy Coatings for Between $11 and $14 Million to Chinese Distributors
SUGAR LAND, Texas, Feb. 8 - Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces that the company has returned from their second successful trip to China. During this most recent trip, Exousia received additional commitments to purchase significant quantities of its VISTAMER® based industrial coatings. Exousia has also entered into negotiations to lease its first production facility in a prime industrial region in China.
"As part of our marketing strategy, we divided China into six territories: Northern China; Manchuria; Western China; Eastern China; Central China; and Southern China," explained Exousia's VP of Corporate Development, Mr. Elorian Landers. "Currently, there are exclusive distributor agreements signed for Northern China, Manchuria and Western China and we are beginning production on these now. These agreements represent commitments to purchase 225,000 gallons of VISTAMER based industrial epoxy coatings in 2008, which equates to between $11 and $14 million in revenue."
Mr. Landers continued, "We expect to sign exclusive distributorships for the remaining three territories at the conclusion of the Chinese New Year holiday. In order to maintain their exclusivity, these distributors will each be required to purchase a minimum of 200,000 gallons of Exousia's VISTAMER based industrial epoxy coatings per year. We expect that volume to increase as the maintenance and upkeep requirements for new and existing construction and infrastructure continues to increase as well. I look forward to providing more details on these developments in our upcoming press releases."
VISTAMER rubber engineered particles are additives used to enhance the performance characteristics of urethanes, epoxies and adhesives. The patented surface-modification process enables VISTAMER particles to chemically bond with advanced industrial coatings forming strong compositions with enhanced properties such as improved impact resistance, tear resistance, adhesive strength, traction, toughness, flexibility and abrasion resistance.
"The reception in China to our products and what they are able to do has been absolutely extraordinary," Mr. Landers proudly acknowledged. "Driven by the strength of the Chinese economy and the growth in both new construction and construction maintenance, we are extremely optimistic about the expanding need for Exousia's VISTAMER based industrial epoxies."
"In order to satisfy what we anticipate will be enormous product demand, we have begun the negotiation process to lease a facility to establish our first production plant in Tianjin, China," stated Exousia CEO, J. Wayne Rodrigue. "Tianjin is the largest port in northern China and has become an important economic center. The ability to produce our products in Tianjin will provide tremendous competitive advantages to Exousia while also resulting in significant cost savings."
ABOUT EXOUSIA ADVANCED MATERIALS, INC.
Exousia supplies advanced resins, engineered particles, and industrial products. Exousia products enhance strength, durability, cost effectiveness and performance for a wide range of manufacturing, commercial and construction applications. The Company markets into both domestic and international markets.
FOR FURTHER INFORMATION & DISCUSSION
Investors are invited to visit the Exousia Advanced Materials IR Hub at AGORACOM: http://www.agoracom.com/ir/Exousia where they can post questions and receive answers or review questions & answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to: mailto:EXOU@agoracom.comwhere they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
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.
CONTACT
Brokers:
Surety Financial Group, LLC
(410) 833-0078
Investors:
http://www.agoracom.com/ir/Exousia
