Exousia Announces Facility in China Continues to be Cash Flow Positive
SUGAR LAND, Texas, Sept. 9 /PRNewswire-FirstCall/ -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU - News), a manufacturer of advanced industrial coatings for worldwide infrastructure applications and engineered composites for eco-friendly wood substitutes, is pleased to announce that, as Exousia management had predicted in June, Exousia was cash flow positive for the months of July and August at our facility in Tianjin, China.
CFO Bob Roddie stated, "The results in China continue to be encouraging. Being cash flow positive for two consecutive months and the positive feedback from our customer base allows us to provide for continued expansion of key personnel and infrastructure to meet our ever growing demand in China."
According to CEO J. Wayne Rodrigue, "We are continuing to see traction in China at all levels. We are developing a good product mix, from primers to innovative coatings, which will work well for us in expanding the width and depth of our customer base. Of particular interest has been our formulations for pipe line applications and 'down hole' applications where 'sour crude' conditions exist. This is where we shine as an advanced materials company."
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.