
Exousia Advanced Materials, Inc. to Begin Delivery of Coatings to Bohai Shipbuilding in China
Company Continues Production Ramp up with One of China's Largest Shipbuilders
SUGAR LAND, Texas, April 28 /PRNewswire-FirstCall/ -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU, www.exousiacorp.com), a company that manufactures advanced industrial products for worldwide infrastructure applications and engineered composites for eco-friendly wood substitutes, has begun shipping its zinc-rich epoxy primers to Bohai Shipbuilding, one of the largest shipbuilders in China.
This shipment begins the production ramp up schedule for coatings manufactured at Exousia's Tianjin blending facility. Beginning in mid 2008, the Company secured multiple distribution agreements throughout China with production ramp up scheduled to occur in 2009 to a minimum of 120,000 gallons per month. Prices will range from $25 - $75 USD per gallon. The initial shipment to Bohai Shipbuilding, a company that controls some seventeen shipyards in Asia, will be for thirty metric tons of the Power Shield(TM) advanced coatings, which equates to approximately $100,000.
"We are thrilled to begin delivery to Bohai and this announcement represents a significant revenue opportunity for Exousia," said Wayne Rodrigue, Chairman and CEO. "The news also illustrates execution on our ramp up plan for our China production facility, which we expect to grow dramatically throughout 2009. We are proud to begin achieving our next milestone, evidenced by this purchase order, of securing contracts and shipping product. This is the first of many shipments we anticipate making and we plan to provide further details as we move forward with these relationships."
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About Exousia Advanced Materials, Inc.
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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