SOURCE: Nova Energy, Inc.

May 25, 2010 09:00 ET

Greenfield Program's (CCTR) China Crescent Q1 Results Boost Potential to Achieve $200M 2010 Joint Revenue Goal With (NVAE) Nova Energy and (NUBL) NuMobile

DALLAS, TX--(Marketwire - May 25, 2010) -  Nova Energy, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) and NuMobile, Inc. (OTCBB: NUBL) are participating in a trade mission and Greenfield Partners CEO conference in Shanghai this week hosted by China Crescent Enterprises, Inc. (OTCBB: CCTR). In March of this year, a $200 million combined revenue goal between all participant companies was announced for 2010 to potentially be realized through project collaboration in China. Yesterday, China Crescent reported nearly $15 million in first quarter revenue, a more than 100% increase over the same period in 2009. Additionally, China Crescent realized a substantial increase in net income for the first quarter, from $112k in 2009 to $657k in 2010. China Crescent is a systems integration service provider of brand name technologies and reported $45 million in profitable annual revenue in 2009.

The CEO conference this week is expected to concentrate on developing a channel to provide brand name Chinese-based technologies in East Africa. China Crescent is a Huawei and Lenovo reseller and has plans to expand its regional reseller footprint into East Africa through its partnerships with Nova and NuMobile. Nova and NuMobile already have a presence in the East Africa region.

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About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

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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