SOURCE: Nova Energy, Inc.

April 07, 2010 09:26 ET

Nova Energy, Inc. (NVAE) Previews Oil Drilling Equipment Acquisition and Upcoming East Africa Business Plan Milestones in Strategic Update Webcast

DALLAS, TX--(Marketwire - April 7, 2010) -  Nova Energy, Inc. (PINKSHEETS: NVAE) today released a 2009 year in review and 2010 strategic update Webcast. The Webcast, conducted by interim CEO Philip Verges, provides a review of 2009 and an overview of both the Company's business plan and strategic objectives for 2010. This year, Nova Energy launched an updated corporate strategy to pursue several business lines in the growing economy of East Africa, to include technology systems integration, mobile money remittance, and housing and health products initiatives. The Company also plans to continue to redevelop known oil reserves in North America.

The Webcast released today provides further details on Nova's business expansion plans in East Africa, announced plans to acquire a $1.4 million oil drilling asset later this month in North America, recently announced $1 million funding commitment and partnership with the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield program.

The Webcast is now available on Nova's corporate website, www.novaei.com, under News and Events or directly at http://www.novaei.com/wcup_40710.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.

Contact Information