
SUGAR LAND, Texas, July 8 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) is pleased to announce that preliminary results for the second quarter ended June 30, 2008 indicate revenue growth of approximately 216% over the first quarter. Exousia expects to announce actual results by the end of July. During this period, the company began production for previously announced contracts related to its Chinese operation and anticipates significant ramp up of both its Asian and domestic production in Q3 and Q4.
"These preliminary results continue to illustrate the transformation of Exousia from its development stage to a fully commercialized company," commented Robert Roddie, Senior Vice President and CFO of Exousia. "We are pleased with the progress our management team has made in assimilating the AEGEON acquisition and in the aggressive sales effort by the AEGEON team. We anticipate rapid growth in our North American Coating Division sales in 2008 and beyond."
ABOUT EXOUSIA
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 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.
Broker Contact:
Surety Financial Group, LLC
(410) 833-0078
FOR FURTHER INFORMATION & DISCUSSION
Investors are invited to visit the Exousia Advanced Materials IR Hub at AGORACOM: http://www.agoracom.com/ir/Exousia where they can post questions and receive answers or review questions & answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto: EXOU@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.