SUGAR LAND, Texas, Aug. 14 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU - News) announced today that it had received its first coatings purchase order in China from Greenview Products. This 5,000-gallon order for Marine Coatings will exceed $100,000 and will be the first industrial coatings produced in Exousia's plant in Tianjin, China. The Tianjin facility was completed in early August and will be operational on September 10, 2008.
Commenting on this purchase order, Wayne Rodrigue, President and CEO of Exousia noted, "This is a historic moment for Exousia and represents the culmination of efforts over the last 9 months to become operational in China. Over the last few months we have announced several contracts and agreements outlining our development plan throughout Asia. With the opening of our production facility, we anticipate a rapid acceleration of these contracts converting to purchase orders in the third quarter and especially in the fourth quarter as the plant ramps up. "
Bob Roddie, Sr. Vice President CFO/COO added, "This order validates our projections for China. Our plan calls for third quarter sales in China to ramp up as we ensure manufacturing efficiency with fourth quarter sales rapidly accelerating as we begin to service the previously announced contracts. It is exciting to see this plan coming together as we now have both domestic and international operations that are rapidly expanding."
ABOUT EXOUSIA
Exousia manufactures advanced resins, engineered particles, high-performance coatings and structural 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 http://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.
Contact:
Al Kau
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Equiti-Trend
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