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</font></font></div>
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&#160;]
      &#160;Written communications pursuant to Rule 425 under the Securities Act (17
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        8
        - Other Events</font></font></font></div>
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          or
          about December 10, 2007, a lawsuit was filed by CorrBan Technologies, Inc.
          and
          Thin Film Technology, Inc., Plaintiffs, against Exousia Advanced Materials,
          Inc., Shield Industries, Inc., Global Development Enterprise, Inc., Vickers
          Industrial Coatings, Inc., Elorian Landers, Peter Wokoun, and Rodney Watkins,
          Defendants, in the 133<font>rd</font> Judicial District Court of
          Harris County, Texas, bearing Cause No. 2007-74646.&#160;&#160;In the Lawsuit,
          Plaintiffs alleged misappropriation of proprietary information, breach
          of
          fiduciary duty and fraud.&#160;&#160;The allegations stem from the fact that
          Defendants Landers, Watkins and Wokoun had all been associated with Plaintiff
          CorrBan Technologies, Inc. In the past, and are now believed to be associated
          with Defendant Shield Industries, Inc. in the development, manufacture
          and sale
          of products similar to those manufactured and sold by
          Plaintiffs.&#160;&#160;Exousia Advanced Materials, Inc., which is known to be
          considering a business relationship with Defendant Shield Industries, Inc.,
          is
          also named as a defendant in the lawsuit.&#160;&#160;The investigation of the
          lawsuit is in its initial stages.&#160;&#160;However, Defendants Exousia
          Advanced Materials, Inc., Shield Industries, Inc., Elorian Landers and
          Rodney
          Watkins (as &#8220;Consenting Defendants&#8221;) have already entered into an agreement with
          Plaintiffs whereby&#160;the Consenting Defendants&#160;have agreed to refrain
          from engaging in certain activities during the pendency of the lawsuit,
          which
          activities are not believed by the Consenting Defendants to be material
          to the
          conduct of business by either Exousia Advanced Materials, Inc. or Shield
          Industries, Inc.&#160;&#160;The Consenting Defendants&#160;will continue&#160;to
          take prompt appropriate action to investigate the claims made by Plaintiffs,
          and
          to defend or resolve such claims as may be appropriate in the
          circumstances.</font></font></div>
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        <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SIGNATURES</font></font></div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div><br></div>
    <div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">EXOUSIA
                ADVANCED MATERIALS,
                INC.</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:&#160;January
                4, 2008</font></div>
            </td>
            <td align="left" valign="top" width="44%" style="BORDER-BOTTOM: black 2px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By://s//
                J. Wayne Rodrigue,
                Jr.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
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            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">President</font></div>
            </td>
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form8k.htm
SECURITIES
      AND EXCHANGE
      COMMISSION
Washington,
      D.C.
      20549
FORM
      8-K
CURRENT
      REPORT
PURSUANT
      TO SECTION 13 OR 15
      (D)
of
      the
SECURITIES
      EXCHANGE ACT OF
      1934
Date
      of Report: January 4, 2008
(Date
      of Earliest Event Reported)
      December 10, 2007
EXOUSIA
      ADVANCED MATERIALS,
      INC.
(Exact
      name of registrant as specified in its charter)
Texas
333-87696
76-0636625
(State
                of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification Number)
1200
      Soldiers Field Drive, Suite
      200
Sugar
      Land,
      TX 77479
(Address
      of principal executive offices)
(Telephone
      number, including area code of agent for service)
(281) 313-2333
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
[
 ]
       Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
[
 ]
       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
[
 ]
       Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
[
 ]
       Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
ITEM
        8
        - Other Events
On
          or
          about December 10, 2007, a lawsuit was filed by CorrBan Technologies, Inc.
          and
          Thin Film Technology, Inc., Plaintiffs, against Exousia Advanced Materials,
          Inc., Shield Industries, Inc., Global Development Enterprise, Inc., Vickers
          Industrial Coatings, Inc., Elorian Landers, Peter Wokoun, and Rodney Watkins,
          Defendants, in the 133
rd
Judicial District Court of
          Harris County, Texas, bearing Cause No. 2007-74646.  In the Lawsuit,
          Plaintiffs alleged misappropriation of proprietary information, breach
          of
          fiduciary duty and fraud.  The allegations stem from the fact that
          Defendants Landers, Watkins and Wokoun had all been associated with Plaintiff
          CorrBan Technologies, Inc. In the past, and are now believed to be associated
          with Defendant Shield Industries, Inc. in the development, manufacture
          and sale
          of products similar to those manufactured and sold by
          Plaintiffs.  Exousia Advanced Materials, Inc., which is known to be
          considering a business relationship with Defendant Shield Industries, Inc.,
          is
          also named as a defendant in the lawsuit.  The investigation of the
          lawsuit is in its initial stages.  However, Defendants Exousia
          Advanced Materials, Inc., Shield Industries, Inc., Elorian Landers and
          Rodney
          Watkins (as "Consenting Defendants") have already entered into an agreement with
          Plaintiffs whereby the Consenting Defendants have agreed to refrain
          from engaging in certain activities during the pendency of the lawsuit,
          which
          activities are not believed by the Consenting Defendants to be material
          to the
          conduct of business by either Exousia Advanced Materials, Inc. or Shield
          Industries, Inc.  The Consenting Defendants will continue to
          take prompt appropriate action to investigate the claims made by Plaintiffs,
          and
          to defend or resolve such claims as may be appropriate in the
          circumstances.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
EXOUSIA
                ADVANCED MATERIALS,
                INC.
Date: January
                4, 2008
By://s//
                J. Wayne Rodrigue,
                Jr.
President