Distributor Places Initial Stocking Order for Full Container of AEGEON Advanced Coatings
SUGAR LAND, Texas, Dec. 16 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU - News) is pleased to announce that its AEGEON Advanced Coatings division has reached an agreement with The HARCO Group, a Brussels-based international distributor, to become the master distributor for AEGEON industrial coatings in the Gulf Cooperation Council (GCC) Countries. The GCC consists of Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and the Sultanate of Oman. Under the agreement, HARCO will become the exclusive GCC distributor for AEGEON's value line of ThermaCorr high-temperature coatings, high-performance tank linings and underwater industrial coatings. Key uses include offshore platforms, underwater pipelines and high-temperature refining applications. HARCO will distribute AEGEON coatings into major international oil and gas producers throughout the GCC. HARCO has placed an initial stocking order, for shipment in early first quarter 2009, which will produce revenues of $368,950.
"The HARCO Group is a major distributor of industrial products for the international petrochemical industry. We are excited to have them distribute our line of heavy-duty industrial coatings," comments AEGEON president, Garner Holdsworth. "Our relationship with The HARCO Group represents a major development in our continued pursuit to be a global supplier of value-added coatings to the oil and gas industry. HARCO brings established distribution infrastructure with a track record of successful growth. Together we represent an unbeatable offering to better serve our customers in the region."
"AEGEON's line of high-performance coatings meet the demanding requirements of oil and gas production," states HARCO Group CEO, Harry Babikian. "We know there is a strong market for these specialized coatings, but we had not been able to identify the right supplier to partner with. Our customers in the industry have already confirmed we have a winning combination."
About The HARCO Group:
HARCO is a Brussels-based international distributor and marketing company of raw materials, chemicals, coatings and other industrial products. The Company maintains approximately 20 offices and warehouses throughout the Middle East, Europe, India, Africa, North and South America, and China. Additional information on The HARCO Group can be found at http://www.harcogroup.be.
About AEGEON Advanced Coatings:
For over 30 years AEGEON Advanced Coatings has manufactured and provided specialized industrial coating systems for the petrochemical, refining, marine, and power generation industries. The company offers a wide range of products and services designed to protect customer assets and profitability through innovation and superior coating system design. AEGEON is a wholly owned division of Exousia Advance Materials.
About Exousia Advanced Materials:
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.
Legal Notice Regarding 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:
Surety Financial Group, LLC.
410-833-0078
