SOURCE: Nova Energy, Inc.

February 16, 2010 10:26 ET

Nova Energy, Inc. Announces Three Acquisitions in East Africa Under Development With Additional Detail Presented in On-Demand Webcast From Company CEO Released Today

DALLAS, TX--(Marketwire - February 16, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today released an exclusive on-demand Webcast to present Nova Energy's updated strategic plan and expansion into East Africa in partnership with the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. The Webcast, conducted by CEO Hugh G. Robinson, reviews three acquisitions and two strategic projects currently under development.

A link to the Webcast titled 'Nova Energy Strategic Update Webcast' is available on the Nova Energy corporate website www.novaei.com.

"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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