Wednesday, February 22, 2012

Cohesant Inc. Reports Results For Fiscal Year Ended November 30, 2010
Cohesant Inc. Reports Results For Fiscal Year Ended November 30, 2010

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

For Immediate Release

Cohesant Inc. Reports Results For Fiscal Year Ended November 30, 2010

Beachwood, Ohio April 25, 2011--Cohesant Inc. (Pink Sheets: COHY) today reported results for the fiscal year ended November 30, 2010.

For the fiscal year ended November 30, 2010 the Company’s net sales were $12,684,871 compared to $10,880,739 in the prior year period.  Operating expenses were $6,215,159 for fiscal 2010 compared to $6,164,882 in the prior year period.  The Company had a net loss of ($2,373,443), or ($0.71) per share for fiscal 2010 compared to a net loss of ($1,030,360), or ($0.30) per share in the fiscal 2009 period. The Company’s audited financial statements are available at its website cohesant.com.

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
 

  Twelve Months Ended
November 30, 2010
Twelve Months Ended
November 30, 2009

Net sales $ 12,684,871 $ 10,880,739
     
Loss before income taxes (2,329,068) (998,122)
     
Net loss $ (2,373,443) $ (1,030,360)
     
Basic and diluted net loss  per share $ (0.71) $ (0.30)
     
Average number of common
shares outstanding basic and diluted
3,365,886 3,393,572
     


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.

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Posted on Monday, April 25, 2011
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