Exousia Posts First Profitable Quarter

NEW YORK, May 26 /PRNewswire-FirstCall/ -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) (www.exousiacorp.com), which manufactures advanced eco-friendly industrial products for worldwide infrastructure applications, and sells and distributes fuels for commercial and residential customers, announces in its recently filed 10-Q that it posted a profit for the First Quarter 2010 representing the first time in the Company's history it posted a profitable quarter.

Operating Income for the First Quarter of 2010 was $530,000 on revenues of nearly $4,500,000.  

Chairman of Exousia J. Wayne Rodrigue commented, "This is a milestone day for Exousia.  It serves to validate the decision we made to acquire Evergreen in January 2010. With the challenges associated with any integration of an acquisition, the fact that we were able to be profitable in our very first quarter is quite significant."

Rodrigue continued, "Like other nano stock companies we have endured a global economic downturn. Given the exciting results in the first quarter, the anticipated expansion of PriceEnergy's web reach, and the prospects of the biodiesel facility initiating production late in the second quarter, I truly believe that we have turned the corner and are now well positioned to take advantage of a global trending towards green energy fuels and products. Our Exousia team has worked extraordinarily hard in very trying conditions to achieve this landmark moment. I would like to thank them and also I would like to say thank you to all of the investors and our shareholders that have stayed with us."

About Exousia Advanced Materials, Inc.

Exousia, through its subsidiary Evergreen, is the provider of a variety of fuel products to thousands of customers in the Northeastern part of the United States. It is rapidly migrating its entire product base to include Green Energy attributes. Exousia manufactures advanced eco-friendly resins, engineered particles, high-performance coatings and structural products, as well as selling and distributing fuels. 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.

Safe Harbor Statement

This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. We use words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words and similar expressions to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to Evergreen's expected contributions to Exousia's earnings, profits and EPS; projections of earnings, revenue, costs or other financial items of Exousia, Evergreen and the combined company; the anticipated value of the combined business to customers and partners; the expected performance of Evergreen service, along with anticipated growth and trends in the business or key markets of Exousia, Evergreen, and the combined company; and plans, objectives and strategies for future operations. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: the ability of Exousia to successfully integrate Evergreen operations and employees; the ability to realize anticipated benefits of the proposed acquisition, including the expectation of greater revenue opportunities, operating efficiencies and cost savings; the ability to ensure continued performance and market growth of Evergreen's business; continued turmoil in global financial markets and economies; the availability and cost of credit; the ability to successfully develop, introduce, and sell new products and enhancements; changes in relationships with key customers, suppliers, distributors, resellers, and others as a result of the acquisition; and other factors affecting the industrial coatings and energy industries generally. In addition, please refer to the risk factors contained in Exousia's SEC filings available at www.sec.gov, including Exousia's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The companies undertake no obligation to update or revise any forward-looking statements for any reason.  

Contact: Wayne Rodrigue, +1-832-236-0090, [email protected]

SOURCE Exousia Advanced Materials, Inc.