SUGAR LAND, Texas, Sept. 9 /PRNewswire-FirstCall/ -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU), 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 athttp://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.
