On July 30, 2009 the Board of Directors of Exousia Advanced Materials, Inc. voted to add a board member. This brings the number of board members to 5. The board then voted to recommend Mr. Michael Beane of Castle Rock, Colorado as that new board member effective immediately and to further recommend that Mr. Beane be placed on the ballot for approval at the annual shareholders meeting in March 2010. Mr. Beane obtained his Accounting Degree from University of Texas in 1980 and an MBA from The University of Chicage in 1990. Mr. Beane has held positions with major accounting firms as well as CFO positions in the private and public sectors. Mr. Beane brings an entrepreneurial spirit to Exousia in addition to the financial background. Mr. Beane is currently founder of SMB, LLC which is an owner and developer of real estate in Costa Rica.

Item 1.01 Funding

On July 28, 2009 Exousia Advanced Materials, Inc. signed definitive documents on financing of up to $3,000,000 from PTV Financial Partners, LLC and Fairbanks Investments, LLC.