Peter,

Company official Elorian Landers has replied to your question:

Exousia is happy to report that the company is progressing on it business plan.

During the second quarter Exousia completed 18 industrial coatings formulas that will be manufactured in China. It is estimated that the coatings plant building the company leased in Tianjin will be ready for occupancy in approximately 2 weeks. These are two of the milestones that must be meet to supply our contracts in China. Equipment is being ordered and will then be installed and once that is done employee training will begin. Parallel to establishing manufacturing marketing has begun.

Yes the production process is well underway. Once the plant is operational Exousia can begin fulfilling the contracts with its three distributors. Exousia has experienced delays in shipping raw materials to China because the Beijing government is very security conscious with the Olympics starting in the next 3-4 weeks.

Given the normal delays in establishing manufacturing in a foreign country Exousia still plans to be making coatings in China by the end of August.

To further clarify the sentence that Peter Harris is refering to this is actually not a quote from Bob Roddie. It is simply progress statement.

Thanks,
Elorian Landers

Regards,

AGORACOM