SUGAR LAND, Texas, May 28 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board:EXOU) announces that effective May 19, 2008 the company has appointed Mr. Robert Roddie as Senior Vice President. In this role, Mr. Roddie assumes executive responsibility for the company as its Chief Financial and Chief Operating Officer.
Mr. Roddie, a CPA and MBA, brings over 25 years of senior level financial and operational experience to Exousia, including critical expertise in international financial and operational management. As the vice president and CFO for OSCA Inc. he managed the financial and operational affairs of companies in the U.K., Norway, Italy, Venezuela and Mexico. During this time he led financial negotiation on numerous acquisitions and was responsible for integrating the operations of acquired companies. As the CFO of Thomson South Louisiana Publishing Mr. Roddie was responsible for helping to manage a diverse portfolio of independent publications, managing consolidated financial reporting and leading the M&A efforts for that company. As a financial consultant he has implemented Sarbanes Oxley compliant systems for several public companies.
Mr. Roddie assumes executive responsibility for Exousia's worldwide operations in addition to financial control of its operating divisions. His mission is to successfully transition Exousia through its full-scale commercialization and revenue growth phase. He is also charged with leading the company's M&A activities and implementing key operational initiatives including establishing the organization's management hierarchy, managing the company's operating assets and workforce, and implementing accounting and manufacturing IT systems and controls.
"My decision to accept this key leadership position at Exousia was based on the vast global opportunity for their advanced industrial products," says Mr. Roddie. "I believe there are synergies with my experience managing international operations and Exousia's global strategy, starting with its current activities in China. Exousia is building a team that has the experience and skills to build Exousia into a major international player in industrial coatings and polymers. I am excited to join that team and help drive our worldwide expansion and operations."
Exousia CEO, J. Wayne Rodrigue, commented, "Bob brings the financial discipline and operational oversight necessary to implement our strategy. His experience will allow me to focus on large-scale business development and future opportunities for the company."
About Exousia
Exousia manufactures advanced resins, engineered particles, high-performance coatings and industrial products. Exousia products enhance strength, durability, cost effectiveness and performance for a wide range of manufacturing, commercial and construction applications. The Company serves both domestic and international markets. Additional information on Exousia can be found at www.exousiacorp.com .
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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