January 15, 2010 (FinancialWire) — Exousia Advanced Materials, Inc. (OTCBB: EXOU) has acquired Evergreen Global Investments Ltd., a privately-held firm that operates several companies that are focused on clean energy and the use of renewable energy.

According to exousia, the acquisition price for Evergreen was $24 million, for which Exousia issued 10 million shares of its series A preferred stock, increasing Exousia’s shareholders’ equity by an equal amount.

The company said that, in the month of December 2009, the revenues of the Evergreen entities were around $5 million.

Exosia president J. Wayne Rodrigue said the acquisition enables his firm to immediately improve its financial condition by expanding its revenue base to more than $60 million in projected annual sales and adding additional capital to its balance sheet.

Evergreen’s business is providing energy products such as home heating oil to customers located in the Northeastern part of the United States. One of Evergreen’s companies, PriceEnergy is an e-commerce based business selling energy products and services to its residential and commercial customers. Additionally, Evergreen’s companies own and operate an oil terminal in Rockaway, New Jersey, office buildings, a fuel rack, trucks, machinery and equipment.

Evergreen also owns an interest in a biodiesel production facility located in South Carolina.

Exousia manufactures advanced eco-friendly resins, engineered particles, coatings and structural products.

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