Implementation steps underway for Nexis "Green" plant in China

(Pink Sheets: NXSI; Frankfurt Bourse: 3nx.f) 


TORONTO, April 25  /PRNewswire-FirstCall/ -- Nexis International Industries Inc. (Pink Sheets: NXSI - News) http://www.nexisint.com/ and the Puyang City Government have commenced agreed joint preliminary activities to establish a Nexis plant near Puyan City in China.

These activities are underway, following the signing of an agreement with the Puyang City Government. This agreement was announced by Nexis immediately following a joint public signing ceremony with the Deputy Mayor of Puyang City, in March 2008.

Under the 20 year BOOT (Build Own Operate Transfer) arrangement Nexis will build a manufacturing plant to produce affordable building panels and, together with its Nexis Country Licensee will construct high volumes of homes for the domestic market in China. The plant uses "Green" technology to process up to 750,000 tonnes of mixed solid dry waste per year, to deliver approximately 80,000 affordable homes per year. To enable the construction of the plant, the Puyang City Government will provide:

  -   Land for the construction of the plant;
  -   Facilitation of essential services and transport access for the
      plant;
  -   Waste supply to the plant;
  -   Land for establishing housing estates, that would be built using
      panels produced by the Nexis manufacturing plant; and
  -   Other forms of assistance.



Nexis is currently accepting expressions of interest for plant financing. Joint and other preliminary activities underway or scheduled prior to financial close include:

  -   Waste analysis and site feasibility;
  -   Market demand commitments;
  -   Panel trials and local approvals



Nexis is working with its China Country Licensee to build the required organizational capacity in China and this process is expected to be completed in May 2008. The company's Executive Chairman, Walter Filler, said that Nexis was already in the second phase of a seven phase program leading to plant commissioning and that on-site activities for the plant would be accelerated once the local organizational capacity of the Nexis Country Licensee was completed.

  Rahoul Ray

  CEO and President

  Important Disclosure



This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the Forward looking statements as a result of risk factors discussed in Nexis International Industries reports that will be on file with the US Securities and Exchange Commission. 

DATASOURCE: Nexis International Industries, Inc.



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