SOURCE: Nova Energy, Inc.

June 17, 2010 09:15 ET

(NVAE) Nova Energy and (NWMT) NewMarket Greenfield Program Present Acquisition Pipeline Report to Include (NUBL) NuMobile Mobile Cash Preview

DALLAS, TX--(Marketwire - June 17, 2010) -  Nova Energy, Inc. (PINKSHEETS: NVAE)(OTCQB: NVAE), in conjunction with the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program, has released an on-demand Webcast presentation on Nova's current acquisition pipeline. The presentation reviews the Company's current pipeline of acquisition targets both in East Africa and in the U.S. domestic oil field rework market. Additionally, the presentation includes a preview of a mobile cash opportunity in conjunction with NuMobile, Inc. (OTCBB: NUBL). A link to the Webcast is available at www.novaei.com.

East Africa Acquisition Pipeline Update
 
Recently, Nova announced finalizing a letter of intent (LOI) and corresponding escrow agreement in the planned acquisition of Palm Healthcare International LTD by Savanna East Africa LTD. Savanna East Africa LTD was formed to facilitate acquisition and business development in that region. Nova has plans to change its corporate name to Savanna East Africa, Inc. as soon as reasonably possible.

Nova Energy Email Updates
 
Nova is expanding its website and plans to issue regular updates on Company progress via email to its opt-in, permission-based email database. To join the email database, please send an email to ir@novaei.com.

About Nova Energy, Inc. (www.novaei.com)
 
Nova Energy, Inc. has launched an updated corporate strategy to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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