Resin Systems restates its 2004 annual financial statements and its first quarter 2005 financial statements

EDMONTON, Aug. 11 /CNW/ - Resin Systems Inc. (RS - TSX Venture / RSSYF -
OTCBB), a composite material products technology company, through its
operating division, RS Technologies (collectively "RS"), announced today that
it has filed with applicable Canadian securities commissions restated audited
consolidated financial statements for the year ended December 31, 2004 and
restated unaudited consolidated financial statements for the three months
ended March 31, 2005. RS restated the financial statements to reclassify the
$498,263 of funding it received from the National Research Council as a
liability rather than as a grant. The principal impact of the restatement on
previously reported financial results is that the net loss for the 2004 fiscal
year increased by $498,263 to approximately $14.8 million. The adjustment will
not impact RS's cash balances in the financial statements or its forward
business operations.

About RS

RS operates in the composite material products marketplace and provides
engineered solutions that are developed with its proprietary input materials,
equipment and processes. The foundation of these solutions is based on the
company's patented polyurethane Version(TM) resin system. RS is continuously
building on this foundation through additional patent pending and trade secret
knowledge. The company's engineered solutions are developed and implemented in
three distinct technology platforms, one of which is filament winding, which
has resulted in the development and production of the RStandard(TM) modular
composite utility pole. RS has begun the commercialization of its
RStandard(TM) pole for sale to power utility companies both domestically and
internationally. For the latest on the company's developments, click on
'Latest News' on www.grouprsi.com.

"Version" and "RStandard" are trademarks of Resin Systems Inc.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

This release is available on the KCSA Public Relations Worldwide Web site
at www.kcsa.com.