SOURCE: Nova Energy, Inc.

March 24, 2010 09:43 ET

Nova Energy, Inc. (NVAE) Anticipates April and May Acquisition Milestones

DALLAS, TX--(Marketwire - March 24, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) has scheduled a Webcast Friday, March 26th, to present a strategic update on the Company's anticipated acquisitions in both North America and East Africa. Yesterday, the Company announced a letter of intent to acquire a $1.4 million strategic asset in North America. The acquisition is expected to close in early April. This week, Nova has a team in Kenya to solidify strategic acquisition plans scheduled for a May closing. The Webcast this Friday will include more details on both acquisitions and the Company's strategic partnerships in Africa with China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc. (OTCBB: NUBL). A link to the Webcast will be posted to the Nova Energy corporate website www.novaei.com upon release Friday.

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. Nova Energy has also launched a communications and awareness campaign. The Company is quoted on the OTCBB and files its periodic reports. The Company is also dually quoted on the Pinksheets under NVAE.

"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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