SOURCE: Nova Energy, Inc.

April 01, 2010 10:10 ET

Nova Energy, Inc. (NVAE) to Be Featured in Greenfield Program Vietnam Trade Mission Webcast Review

DALLAS, TX--(Marketwire - April 1, 2010) -  Nova Energy, Inc. (PINKSHEETS: NVAE) participated in a NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program Trade Mission to Vietnam this week. The Trade Mission began in Ho Chi Minh City, also known as Saigon, and gave trade mission delegates the opportunity to present their combined capabilities to multiple potential local partners. NewMarket has established a local regional Greenfield partnership with SEA Tiger, Inc.

Nova is a NewMarket Greenfield Partnership Program participant. The program was introduced last year to accelerate and enhance the introduction of new technology innovations into new markets. Nova is scheduled to be featured in an on-demand Webcast reviewing the Trade Mission next week. A link to the Webcast will be published and posted to the NewMarket corporate website www.newmarkettechnology.com upon release.

Nova Energy Strategic Update Webcast Available Now

Last week, Nova released a strategic update Webcast to present the Company's anticipated milestones in the April and May timeframes. Nova expects to close the acquisition of a $1.4 million oil drilling asset in early April to support the Company's plan to redevelop known oil reserves. Additionally, the Webcast includes details on the Company's diversification in Africa and anticipated acquisitions of technology and manufacturing operations in Kenya in the May timeframe. The Webcast is available on Nova's corporate website, www.novaei.com, under News and Events or directly at http://www.novaei.com/wcea_32610.html.

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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