SUGAR LAND, Texas, Feb.20 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces that on January 29, 2008 the Company entered into an Exclusive Distribution Agreement with Northern International Group (NIG), headquartered in Tianjin, China. Under the terms of the agreement, NIG will have the exclusive rights to promote, market, distribute and sell Exousia Advanced Industrial Coatings products in Northern China, which encompasses the Provinces of Jeilongiang Province, Jilin Province, Liaoning Province, Beijing Municipality, Tianjin Municipality, Hebei Province, Shandong Province, Shanxi Province, and the Inner Mongolia District.
Under the terms of the agreement, NIG will purchase and pay for an initial order of 5,000 gallons of Exousia's Advanced Industrial Coatings within ninety (90) days of signing the agreement. NIG further commits to purchase a minimum of 200,000 gallons in calendar year 2008. This purchase commitment is expected to generate revenue of $6 to $9 million. Thereafter, NIG will provide Exousia with annual forecasts, mutually agreed to by each party, for purchase commitment quantities. The agreement shall remain in effect for 10 years with two successive, automatic five-year extensions.
NIG is among the Top 500 companies in China. The Group encompasses 33 manufacturing companies in China, as well as 32 foreign enterprises, and owns approximately 200 national and international registered trademarks. With over 1200 items exported to more than 160 countries, their products encompass 5 major categories: machinery & electric equipment; textiles and garments; light industrial products; foodstuffs, medicines and health products; and metals and minerals.
Also under the terms of the agreement, Exousia will establish an industrial coatings manufacturing facility in Tianjin, China to supply NIG's ongoing needs. Tianjin is the largest coastal waterway in Northern China. This modernized port has become an important economic center for the nearby capital city of Beijing.
Management of Exousia discloses that it intends to invest in their own company's shares on the open market.
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: EXOU@agoracom.com where 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
