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Exousia Subsidiary AEGEON Sees Revenue Increase Over 40%

Published on 2008-05-08. Author : SpecialChem

SUGAR LAND, Texas -- Exousia Advanced Materials, Inc. has announced that AEGEON, the company's recently acquired industrial coatings manufacturing and distribution facility, increased its April 2008 revenue over the prior year in excess of 40%. "With our management team in place and the addition of VISTAMER® Rubber into our coating formulations, we are immediately seeing the results in our operating revenue," stated Exousia CEO, J. Wayne Rodrigue. "Our twelve-month running rate has increased from approximately $1.7 million to approximately $2.5 million."

Additionally, Exousia will participate in ASIACOAT 2008 with its Northern China strategic marketing partner, Northern International Group (NIG). ASIACOAT is the largest industrial coating trade show in China, taking place May 22 through May 24th at the Shanghai International Exhibit Center. Exousia will be featuring its new Series 4450V Non-Skid Industrial Coating along with the company's numerous other products. "The initial response to our new Series 4450V Non-Skid Industrial Coating has been very positive," stated Exousia VP of Sales and Marketing Asia, David Chen. "In fact, we already have a pre-order for 1,000 gallons." Mr. Chen continued, "Given that the average coating order is in the 10 to 20 gallon range, a single pre-order of this magnitude speaks volumes about the quality of Exousia's coatings products."

About Exousia:

Exousia manufactures advanced resins, engineered particles, high- performance coatings and industrial 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.

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.

Source: Exousia Advanced Materials Inc.


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