Nexis revises net earnings forecasts to Euro 8million (US$12m) for 6 months to December 2008

Nexis International Industries, Inc. (Pink Sheets: NXSI; Frankfurt Bourse: 3nx.f) 


MELBOURNE, Australia, July 11  /PRNewswire-FirstCall/ -- Nexis International Industries Inc. (Pink Sheets: NXSI - News) http://www.nexisint.com/ has revised its preliminary net earnings forecasts to Euro 8million (US$12million), for the six months to 31 December 2008.

This preliminary forecast is based upon agreements already entered into by Nexis for the establishment of Nexis plants and distribution of Nexis building panels in a number of countries. Nexis manufacturing plants use a proprietary "Green" technology to produce high volumes of building panels by processing mixed dry solid waste that would ordinarily be destined for landfills. A large Nexis plant can process up to 750,000 tons of municipal solid waste per year, in order to deliver up to 80,000 homes. The company's business model is for Nexis to own the plants and retain a 50% interest in the marketing/distribution business operated under license by a local partner.

The most recent agreement is for the appointment of a Licensee for the North American region, comprising United States of America and Canada. Under this agreement, Nexis will receive a license fee of Euro 20million (US$32million) due in monthly installments over 20 months, prior to commissioning of the first plant in North America. The North American Licensee undertook due diligence on the Nexis program during June 2008 and the first monthly license fee payment under this agreement is anticipated to commence during the September 2008 quarter.

  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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