Nexis signs 25 year waste supply agreement for a large manufacturing plant in Cebu, Philippines

Nexis signs 25 year waste supply agreement with Municipality of Consolacion 


TORONTO, April 18  /PRNewswire-FirstCall/ -- On April 15, 2008 Nexis International Industries Inc. (Pink Sheets: NXSI - News; Frankfurt Bourse: 3nx.f) http://www.nexisint.com/ established an agreement with the Municipality of Consolacion for the long term supply of waste to a Nexis Manufacturing Plant, to be constructed in the Cebu Province of the Philippines.

The Municipality of Consolacion is among the largest in the Cebu Province. Under this Agreement, the Municipality will provide Nexis with up to 750,000 tonnes of mixed solid dry waste per year over 25 years.

  Nexis "Green" technology to deliver 80,000 affordable houses per year in
  Philippines



The Nexis International Manufacturing System uses "Green" technology to convert landfill destined waste into environmentally friendly building panels, marketed under the trade name "5Stargreen(TM)" for use in the construction of modular houses. A Nexis Manufacturing Plant will be established in the Province of Cebu, to process this waste and produce high volume building panels for affordable dwellings in the Philippines. Depending upon the design of the houses, this Nexis Manufacturing Plant will be able to deliver at least 80,000 houses annually to the Philippines economy community.

Nexis is presently negotiating with potential licensees for the long term distribution of the 5Stargreen(TM) panels and modular houses in Philippines. Following due-diligence on the waste supply and plant site, Nexis will be pursuing project financing for the Nexis Manufacturing Plant.

The company's Executive Chairman, Walter Filler, said that this agreement was a major step in establishing a Nexis plant in Cebu and reflected over two years of intensive investigation by Nexis into the feasibility of the region for Nexis. He said that on-site planning for the plant would be commenced immediately upon appointment of a country licensee.

Healthy financial returns expected for the 750ktpa Cebu Nexis plant

Nexis International will derive revenue from waste processing fees, plant profits, end sales of 5Stargreen panels to the market and up-front license fees

Funding for the plant would be made after demand for 5Stargreen(TM) panel products had been contracted. The plant would have a waste processing capacity of up to 750ktpa, compared with a benchmark standard plant with a processing capacity of 250ktpa. Benchmark returns to Nexis International, from a standard plant of 250ktpa is approximately Euro 144 million per year. The projected returns from the proposed 750ktpa plant in Cebu are currently being assessed but expected to be in line with the size of this plant. Investment in ramping-up to full capacity would take up to 3 years from commissioning and would be in response to market demand.

  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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