SUGAR LAND, Texas, Apr 23 -- Exousia Advanced Materials, Inc. takes this opportunity to discusses the importance of its strategic marketing and manufacturing alliance with Northern International Group (NIG). Ranked amongst the Top 125 companies in China, NIG (www.northernint.com) is an international conglomerate with annual revenues well in excess of $500 million.
The strategic alliance between Exousia and NIG will initially be focused on the marketing, manufacturing and distribution of Exousia's family of Power Shield high-performance industrial coatings. Exousia will develop and supply its line of heavy-duty coatings to NIG, who will receive the exclusive distribution rights to market Power Shield throughout Northeastern China
Under the terms of this alliance, NIG has committed to purchase a minimum of 200,000 gallons of Exousia's industrial coatings annually. This purchase commitment will produce between $6 and $8 million in revenue annually for Exousia. "We are very grateful to NIG for their assistance in establishing Exousia's business presence in China," stated Exousia VP of Sales and Marketing Asia, David Chen. "Through their extensive contacts, both business and political, we have been able to accomplish in months what would usually take years."
NIG is also providing hands-on support and guidance to help Exousia acquire the facility and implement production for Exousia's first coatings manufacturing plant in China. "We are just beginning to take advantage of the vast synergies between the two companies," stated Exousia CEO, J. Wayne Rodrigue. "I believe the potential revenues derived from our relationship with NIG will be in the tens of millions of dollars annually."
NIG consists of numerous subsidiary companies with commercial operations spanning some 80 major categories of commodities, including more than 1,200 products exported to over 160 countries throughout the world. NIG is involved in numerous product lines including textiles, clothing, light industrial products, machinery & electric equipment, chemicals, metals & minerals, recreational products, cereals & oils, foodstuffs, medicine & health products, just to name a few. Additionally, NIG owns nearly 200 Chinese and international trademarks, including some of China's leading consumer brands. The Company is regularly included on lists of leading Chinese enterprises.
In addition to their collaboration on industrial coatings, the two companies are also actively seeking to expand the scope of their alliance to include other Exousia products. The two companies have identified a sizable opportunity to jointly introduce, manufacture and market Structural Insulated Panel homes to the Chinese home building industry.
About Exousia
Exousia manufactures advanced resins, engineered particles, 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. More information on Exousia can be found at www.exousiacorp.com .
For Further Investor Information:
Investors may visit the Exousia's IR Hub at: http://www.agoracom.com/ir/Exousia . On the IR Hub investors may view and post questions and answers, or request to be added to the investor e-mail list to receive future press releases and updates. Investor correspondence may be emailed to: EXOU@agoracom.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.
Broker Contact:
Surety Financial Group, LLC
(410) 833-0078
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Exousia Advanced Materials, Inc.
CONTACT: Broker Contact: Surety Financial Group, LLC, +1-410-833-0078,
www.suretyfingroup.com, for Exousia Advanced Materials, Inc.
Web site: http://www.exousiacorp.com/
http://www.agoracom.com/ir/Exousia/
http://www.northernint.com/
