Evolucia, Inc. (fka ILED)

[petermic]

On April 30, 2008, accredited investors purchased an aggregate of 23,592,380 shares of common stock (the “Shares”) at $0.10 per share for an aggregate purchase price of $2,359,238 from Sunovia Energy Technologies, Inc. (the “Company”). The funds raised will be utilized by the Company for the development of the scalable CdTe-based solar cell manufacturing facility and sales of the EvoLucia(TM) LED-based solid-state lighting solutions.


The Shares were offered and sold to the accredited investors in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506 promulgated thereunder. Each of the Investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933.