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

For Immediate Release

Cohesant Inc. Reports Results For Fourth Quarter and Fiscal Year Ended November 30, 2009

Beachwood, Ohio January 29, 2010--Cohesant Inc. (Pink Sheets: COHY) today reported results for the fourth quarter and fiscal year ended November 30, 2009.

The Company’s net sales were $3,303,449 for the three months ended November 30, 2009 compared to $2,694,515 in the prior year period.  Consolidated gross margins were $1,406,560, or 42.6% of net sales, in the 2009 period compared to $1,217,862, or 45.2% of net sales, in the 2008 period.  Operating expenses were $1,482,600 in the fourth quarter of fiscal 2009 compared to $10,590,751 in the prior year period.  The prior year period’s operating expenses included an $8,581,509 charge for goodwill and intangible write downs.  The Company broke-even for the current period compared to a net loss of ($8,888,247), or ($2.57) per share in the prior year period.

For the fiscal year ended November 30, 2009 the Company’s net sales were $10,880,739 compared to $11,574,854 in the prior year period.  Consolidated gross margins were $5,235,821, or 48.1% of net sales, in the 2009 period compared to $5,405,303, or 46.7% of net sales, in the 2008 period.  Operating expenses were $6,164,882 for fiscal 2009 compared to $15,786,103 in the prior year period.  The prior year period’s operating expenses included an $8,581,509 charge for goodwill and intangible write downs.  The Company had a net loss of ($1,030,360), or ($0.30) per share for fiscal 2009 compared to a net loss of ($9,666,194), or ($2.79) per share in the fiscal 2008 period.

Morris H. Wheeler, Chairman and Chief Executive Officer of the Company, noted “We have seen a steady improvement in our business during the second half of fiscal 2009, corresponding to what we perceive to be an improving economy, and we are guardedly optimistic that this trend will continue into 2010.”

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 November 30, 2009	Three Months Ended November 30, 2008
Net sales	$ 3,303,449	$ 2,694,515
Loss before income taxes	(89,383)	(9,361,738)
Net loss	$ (2,318)	$ (8,888,247)
Basic and diluted net loss  per share	$ (0.00)	$ (2.57)
Average number of common shares outstanding basic and diluted	3,373,482	3,460,357
	Nine Months Ended November 30, 2009	Nine Months Ended November 30, 2008
Net sales	$ 10,880,739	$ 11,574,854
Loss before income taxes	(998,122)	(10,347,262)
Net loss	$ (1,030,360)	$ (9,666,194)
Basic and diluted net loss  per share	$ (0.30)	$ (2.79)
Average number of common shares outstanding basic and diluted	3,393,572	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.