The PowerShield blending facility in Tianjin, China now has orders exceeding $550,000
SUGAR LAND, Texas, Sept. 3 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU - News) announced today that it has received another purchase order for PowerShield industrial coatings including those for marine applications. This latest order for 5,000 gallons of advanced PowerShield epoxy coatings was received from the XingXing Group, a large multi-national conglomerate headquartered in Guangzhou, China. The XingXing Group specializes in marine, shipping, import/export and waste management, and has offices worldwide, including New York and Hong Kong. Michael Jun Zhu, CEO of the XingXing Group, said, "PowerShield represents the opportunity to transition to higher quality Industrial Coatings." Revenue from this order will be approximately $200,000 and represents the third significant order for Exousia within the last three weeks.
Bob Roddie, Sr. VP, COO & CFO, and Paul Crozier, VP of Industrial Coatings, have been deployed to China to complete the opening of the PowerShield blending facility in Tianjin. Daniel Lee, a veteran coatings specialist, formerly with ICI, Hempel and China Paint, will be relocating from New York back to China to assist in commissioning the PowerShield blending facility. All previously announced orders will be produced when the plant opens in mid September 2008.
"There has been a remarkable increase in the level of interest and the number of inquiries we are receiving from existing regional companies as a direct result of establishing our manufacturing facility in Tianjin," stated Mr. Roddie. "Once we are operational, we anticipate orders coming in at an extremely accelerated pace." Mr. Roddie continued, "China's growth explosion should provide numerous additional opportunities to showcase our products and their benefits across both traditional coatings markets as well as specialized applications like today's announcement."
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.
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