SUGAR LAND, Texas, June 5 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces revenue exceeded $260,000 in May 2008, representing an increase of 13% over the prior month. Of this revenue, approximately 20% resulted from sales of RPA, Exousia's advanced polymer material. For the second quarter, sales are expected to reach $550,000 versus $162,953 that was reported in the first quarter of 2008.
"We are extremely pleased with the performance of our domestic coatings group," says Robert Roddie, Senior Vice President and CFO of Exousia. "The revenue growth illustrates the strength of the product line as well as initial orders of RPA."
As previously announced, the Company has established a Wholly Foreign Owned Entity (WFOE) in China. The importance of establishing a WFOE is that it allows Exousia to operate in China while maintaining 100% of the corporate and operational control.
"We are excited to have the necessary approval to move forward on our China Strategy and start fulfilling the product requirements indicted by our Chinese distributors," adds J. Wayne Rodrigue, CEO of Exousia.
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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