Let's take some of your assumptions under 2008 revs.

We already have $17-$24M on the books for 2008 - and that's just over 2 months into 2008 and doesn't include the 150 American Cargo flatbeds (no numbers released there but probably in the range on $250,000+.

Now, let's assume for the rest of 2008, we book another $30M in revs (if booked now some revs will be retroactive to 2009 probably). So ultimately, for the sake of argument, we book another $20M is revs for a $40M rev outlook for 2008.

Now, let's take blindinvestors calculation that EBITDA ends up being 10% of total revs = $4M EBITDA. At that level, EXOU is curerently trading at approx. 7x's EBITDA and maybe 28-35x's actual earnings.

So one can see how the stock is in this range at current or projective rev. levels in 2008. The exciting part comes in 2 years if Wayne's projections of $100M revs takes place; especially if EBITDA is more than 10% of total revs in blindinvestors example. I certainly think thats a low ball.

Of course, all of this doesn't include Exousia fast growth rate and industry-leading position in the coatings industry. I wonder in BASF or someone like that would think about buying this company?