Contact: Morris H. Wheeler, Chairman & Chief Executive Officer
Cohesant Inc.
(216) 910-1700

For Immediate Release

Cohesant Inc. Reports Results For Fiscal 2009 Second Quarter and First Half

Beachwood, Ohio July 8, 2009--Cohesant Inc. (Pink Sheets: COHY) today reported results for the second quarter and first half of fiscal 2009.

The Company’s net sales decreased $421,898, or 14.6% to $2,468,135 for the three months ended May 31, 2009 compared to $2,890,033 in the prior year period.  This decrease was principally due to decreased coating, franchisee and licensee and equipment revenue and to a lesser extent decreased rehabilitation revenue.

Consolidated gross margins decreased to $1,281,649, or 51.9% of net sales, in the 2009 period from $1,428,804, or 49.4% of net sales, in the 2008 period.  The dollar decrease was due to the decreased sales mentioned above while the percentage increase was primarily due to rehabilitation projects that had a higher margin.

Operating expenses were $1,543,322 in the second quarter of fiscal 2009 compared to $1,654,726 in the prior year period, a decrease of $111,404, or 6.7%.  This decrease was primarily attributable to lower personnel costs.

The Company had a net loss of ($292,638), or ($0.09) per share for the current period compared to a net loss of ($154,448), or ($0.04) per share in the prior year period.

For the six months ended May 31, 1009 the Company’s net sales decreased $1,094,048 to $4,469,837 compared to $5,563,885 in the prior year period.  This decrease was principally due to decreased rehabilitation revenue (primarily in repipe and spincast projects), decreased coating sales and to a lesser extent decreased equipment and franchisee and licensee revenue.

Consolidated gross margins decreased to $2,288,288, or 51.2% of net sales, in the 2009 period from $2,686,824, or 48.3% of net sales, in the 2008 period.  The dollar decrease was due to the decreased sales mentioned above while the percentage increase was primarily due to rehabilitation projects that had a higher margin.

 Operating expenses were $3,080,597 in the first half of fiscal 2009 compared to $3,479,747 in the prior year period, a decrease of $399,150, or 11.5%.  This decrease was primarily attributable to the 2008 results including a stock compensation expense resulting from the accelerated vesting of stock options prior to the GlasCraft disposition and spin-off occurring in such period and to a lesser extent lower personnel costs.

The Company had a net loss of ($815,670), or ($0.24) per share for the current period compared to a net loss of ($541,683), or ($0.16) per share in the prior year period.

On a separate note the Company is sad to report Morton Cohen, Director and former Chairman of Cohesant, passed away.  We are grateful for Mort’s friendship and leadership since the Company’s inception.

Cohesant Inc., based in Beachwood, Ohio, is engaged in the protection and renewal of drinking water distribution systems and wastewater collection systems for municipal, industrial, commercial and residential infrastructure and the design, development, manufacture and sale of specialty coatings and equipment used to apply such coatings. The Company markets its products under numerous trade names including; AquataPoxy, CuraFlo, CuraPoxy, and Raven.

[Table follows]

COHESANT  INC. Summary Financial Data (Unaudited)
	Three Months Ended May 31, 2009	Three Months Ended May 31, 2008
Net sales	$   2,468,135	$   2,890,033
Loss before income taxes	(263,108)	(224,163)
Net loss	(292,638)	(154,448)
Basic and diluted net loss  per share	$        (0.09)	$        (0.04)
Average number of common shares outstanding basic and diluted	3,393,181	3,460,357
	Six Months Ended May 31, 2009	Six Months Ended May 31, 2008
Net sales	$   4,469,837	$   5,563,885
Loss before income taxes	(776,329)	(786,224)
Net loss	$    (815,670)	$    (541,683)
Basic and diluted net loss  per share	$         (0.24)	$         (0.16)
Average number of common shares outstanding basic and diluted	3,409,325	3,460,357

Safe Harbor Statement
This communication contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” or similar expressions.  Forward-looking statements relating to expectations about future results or events are based upon information available as of today’s date, and there is no assumed obligation to update any of these statements.  The forward-looking statements are not guarantees of future performance, and actual results may vary materially from the results and expectations discussed.  These forward-looking statements are made subject to significant risks and uncertainties that could cause actual results to differ materially from those stated. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  Cohesant Inc. undertakes no obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.